Question : What is the difference between a line of credit and a credit limit?
I just got approved for my first credit card. It's the Discover Student Card and they say that my line of credit is $1,000 but I don't know what my credit limit is yet. I was just wondering what or if there is a difference between a line of credit and a credit limit.
- asked by Caleb's Momma
All Answers:
Answer #1
Your line of credit and credit limit are the samething.
- answered by Jon K
Answer #2
Your credit limit is $1000.
- answered by My Take on It
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