What is the credit limit on an MBNA credit card?
The credit limit on an MBNA credit card varies and is determined based on several factors, including the applicant's creditworthiness and income. Upon approval, MBNA will assign a credit limit that reflects the individual's financial status and history. The credit limits can range from a few hundred dollars to several thousands, allowing flexibility for different needs and spending habits. However, it is important to note that the assigned credit limit is subject to adjustment over time based on the cardholder's credit management. Regularly reviewing credit limit utilization and making timely payments can help in building a positive credit history, potentially leading to future credit limit increases.
Answered Nov 1, 2023
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