Credit limits refer to the maximum amount of credit that a borrower is allowed to have at any given time. It is important to manage credit limits carefully to avoid incurring high-interest charges and damaging credit scores. Synonyms for credit limits include borrowing capacity, credit ceiling, and spending cap. Other related phrases include credit line, credit maximum, and borrowing limit. Understanding the meaning of these synonyms and using them appropriately can help individuals make informed decisions when seeking credit. It is also essential to regularly review credit limits and adjust them to reflect changes in personal finances and creditworthiness.