Available Credit

The amount of credit currently accessible on a credit card or line of credit. It is the amount that can be borrowed and used for transactions.

More Details

Available credit is the amount of credit that is available to be used on a credit card or other type of credit account. This is different from the total credit limit on the account, which is the maximum amount of credit that the account holder is allowed to use. The available credit is the amount of the credit limit that has not yet been used.

Example

If you have a credit card with a credit limit of $1,000 and you have a current balance of $500, your available credit would be $500. This is because you have already used $500 of your credit limit, so you have an additional $500 that you can use.

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