Term
Credit limit
The most the bank lets you owe on that card at any moment. It is a ceiling, not a budget, and using a big share of it every month is read as a warning sign.
In pesos: A $30,000 MXN limit does not mean you can afford $30,000: it means the bank will let you owe that much.
Where to go deeper
4/4 6 min Read Your first credit card (and how not to wreck yourself) What the CAT really is, why the minimum payment is a trap, how the interest starts running, and what a credit history buys you later.More terms on the same topic
Educational content only: not financial, investment or tax advice. The numbers are examples to understand the idea, not a forecast or a recommendation.