What is the function of a Credit Limit Wallet?

The credit limit wallet serves several key functions related to managing and securing a credit card’s limit:

a) Credit Limit Management:

  • Users can manage their credit limit by adding funds to the wallet. 

b) Securing Credit:

  • The funds in the credit limit wallet act as collateral, ensuring that the credit card issuer has guaranteed security against default.

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Updated on 03/12/2024

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