If your credit card limit is $800 and your Outstanding balance is $725, what is the largest amount you can charge on the card in the upcoming month
If your credit card limit is $800 and your Outstanding balance is $725, what is the largest amount you can charge on the card in the upcoming month
Share
To determine the largest amount you can charge on your credit card next month, you will need to subtract your outstanding balance from your credit limit.
1. Credit Card Limit: $800
2. Outstanding Balance: $725
Now, subtract the outstanding balance from the credit limit:
$800 (credit limit) – $725 (outstanding balance) = $75
So, the largest amount you can charge on the card in the upcoming month is $75.
This is the amount left before reaching your credit limit. Always be careful to keep track of your spending to avoid exceeding your limit! If you need further assistance or more in-depth explanations, feel free to check the extended services page.