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Can the accountholder exhaust his / her entire credit limit in one shot?

April 26, 2017accountholder credit entire exhaust limit shot

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Can the accountholder exhaust his / her entire credit limit in one shot?

1 Answer

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Yes, the accountholder can utilise the entire credit limit. However he / she will not have any available credit limit to withdraw in emergency situations, until outstandings are repaid.