Sarah Bilkins, WalletHub Credit Card Analyst
@sarah.bilkins
The easiest way you can check your credit card’s available credit is through your online or mobile account. Alternatively, you can find your available credit by calling the customer service number you see on the back of your credit card or on your monthly account statement.
How to Check Your Credit Card’s Available Credit
- Online: You can find your available credit by logging in to your online or mobile banking account. Creating an account only takes a few minutes, if you haven't already signed up.
- Over the Phone: To check your card’s available credit over the phone, call customer service at the number you see on the back of your card and follow the prompts.
- In Your billing statement: Your available credit will also be included in your billing statement, along with your credit limit and credit card balance.
Keep in mind that if you’ve made any payments or purchases since your last billing statement was mailed, the available credit shown there won't be current. So, checking online or over the phone are the most reliable ways to keep track of your most up-to-date available credit.
People also ask
How is available credit calculated?
Available credit is calculated by subtracting your current balance from your overall credit limit. Your current balance might consist of:
- Purchases
- Fees
- Interest
So if your overall credit limit is $1,000, and your current balance is made up of $450 in purchases, $20 in fees, and $30 in interest, your available credit will be $500:
$1,000 – ($450 + $20 + $30) = $500
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Available credit is the remaining amount of your credit card’s credit line that you haven’t spent yet. You can find your available credit on your monthly account statement or by logging in to your online credit card account. It’s important to be aware of how much available credit you have because if you try to spend more than that amount, your card may be declined.
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If you go over your credit limit, your credit card company may add the over-limit amount to your minimum payment, lower your credit line, or even close the account if you’re exceeding the limit too often. Also, your credit score will drop if the balance is still over the limit when reported to the credit bureaus. That said, it’s more likely that the card’s issuer will simply decline any transaction that would result in the...
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