Credit limit?

is a credit limit on a credit card monthly or total? And if it is total, does it renew itself once you pay off your balance?|||Credit limit - The total amount you can use to spend with that card. It includes interests and all other finance charges and services fees.





As you spend, your "available credit" decreases by that amount. Once you pay off any charges, your allowable credit increases by the amount of payment.





If you pay in full, then your available credit is your total credit limit.





Note: You can ask for credit limit increases every 6 months on most cards by calling the customer service number. When you access your credit card account online, you will often see a "request for credit limit increase" link, you can use that as well.|||It's the total balance you are allowed to charge onto the card, including monthly interest charges. It is a rolling limit. For example, if you have a $1,000 limit, and in month 1 charge $250, in month 2 you can still spend $750 + whatever you sent in as a payment.