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
It's important to always be aware of your available credit, so you don't max out your credit card. In case you're trying to spend more credit than what's available to you, your card might get declined.
To find your card's available credit, sign in to your online or mobile banking account, or check your monthly statement.