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Mastercard credit limits depend on the card, and they can range from a couple hundred dollars to many thousands of dollars. There is no set minimum or maximum Mastercard credit limit, as credit lines are left entirely up to the discretion of individual credit card issuers. In addition, the limits that issuers set on individual Mastercard credit cards can vary widely from cardholder to cardholder.
Mastercard credit limits are based on issuers’ evaluations of applicants’ credit history, income, assets, and existing debt obligations. There’s nothing special about Mastercard credit limits, at least as they compare to the spending limits on Visa credit cards.
More info about the Mastercard credit limit
One thing that Mastercard and Visa have in common is that neither one is responsible for setting spending limits. American Express and Discover – the other two major card networks – are a different story because they issue their own cards. That means they set the spending limits on those cards.
Even though Mastercard doesn’t set your credit limit, there are some general trends you can expect from issuers that have cards on the Mastercard network. For example, Mastercards for people with good or excellent credit offer the highest limits. Similarly, people with low incomes are more likely to qualify for Mastercards’ minimum credit limits, while people who make a lot of money could potentially get limits that are thousands of dollars above the minimum on a given card.
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