A ceiling on a credit card is determined by the borrower and is the dollar amount that they want to borrow using the cash advance provision on their credit card.

Question

Quizplus · Accepted Answer

A credit card's ceiling, or credit limit, is determined by the credit card issuer based on factors such as the borrower's credit history, income, and ability to repay. It is not solely determined by the borrower's desired borrowing amount.

A Ceiling on a Credit Card Is Determined by the Borrower