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You've reached your credit limit
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You've reached your credit limit

Your credit limit caps your spending on your credit card. Once you reach it, you're cut off.

Track your spending and try capping it to below 30 percent of your credit limit to ensure you don't exceed it. Repeatedly going up to your credit limit could hurt your credit score. You can check your credit report and score for free at myBankrate.

To keep your credit card in play once you've reached the limit, pay down your balance or request an increase to your credit limit.

Some credit cards also have per-day spending limits. To avoid freezes to your credit card, find out your daily maximum, and keep your purchases in line.

Consolidate your credit card debt with a personal loan.

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Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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