Definition: A no-limit credit card is a credit card that doesn't have a credit limit. Though it sounds alluring, a no-limit credit card can hurt your credit score. Since no credit limit is reported, the credit scoring model could consider the credit account as maxed out, which would increase your credit utilization, and lower your credit score.
no limit credit card
By LaToya Irby, About.com
Explore Credit / Debt Management
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