SumitThe credit floor is a term that’s used to describe the floor that you want to apply for a new credit card. It’s not the same as a credit limit because you’re not asking for a much more expensive credit card, just asking for a credit line from a bank. The credit floor is the minimum amount you’re able to borrow.
The credit floor is a term used to describe the floor for credit cards. Its not the same as a credit limit because you are not asking for a much more expensive Credit Card, just asking for a credit line from a bank. It is the floor that you need to reach in your bank account to get credit, so that you can open a new credit card account.
