Patricia, a standard cardholder, uses her card for the first time and makes a $500 cash withdrawal. How much of her total credit limit remains?

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destinyharris7319 destinyharris7319

04-09-2018
Business

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Patricia, a standard cardholder, uses her card for the first time and makes a $500 cash withdrawal. How much of her total credit limit remains?

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joccalub joccalub · Answer 1 · 2018-09-13T08:30:34+02:00

joccalub joccalub

13-09-2018

Answer: $7571

According to the latest Experian data, the average credit card limit was $8071as of December 2016. If Patricia uses her card and makes $500 for the first time, her credit limit will decrease by $500. Credit limit would be $7571.

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