what does minimum credit limit mean?

[JustALittleGreen]

Excuse my ignorance! If a credit card has a minimum credit limit of, say, £200, does that mean you'd have to spend £200 on it every month? Or something else? thanks

Anyone know?

i means you have a credit limit of £200. Once you spent 200 pounds you couldn't spend anymore till you paid some off.

if you have a credit limit of £200 then once you have spent that you cannot spend any more

Surely that would be the maximum credit limit, though? What is the minimum credit limit?

What context has it been said in?

If you're applying for a car/account it would be that the minimum would be £200 but you may given a higher limit?

do you have the credit card or are you looking to apply for one? If you are applying for one then you may get a limit of £200 or you may get a higher one depending on your credit score.

It's usually said before you apply as in minimum limit is 200 maximum limit is 2000.
Provided you're accepted, you're personal credit card limit will be in between those 2 amounts.

So, I'm looking at credit cards. If the minimum limit was £200 and the maximum was £2000 would I have to spend between those amounts? What if I didn't spend anything, or spent less than £200? Do I get charged a fee or something?

no, it is just them trying to entice you into getting the card. There arent usually fees for not spending up to your limit. The card will have a limit and you may or may not spend that amount. I have cards that I never use but they still have a credit limit.

S'ok, someone just explained. You can choose a limit between the minimum and maximum stated when you sign up.

A minimum credit limit is the least amount of credit that the bank will offer you on application, the max limit is the most they will offer you. The amount they offer will depend on a number of factors, most important being your credit rating. Not sure why they have minimum limits really, they don't matter much, the thing that matters is the limit you're given!
Once you apply and are given a limit, then you can spend whatever amount you like, big or small, so long as you don't exceed that limit in any given month, and you repay the card in full each month