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Ever since the financial crash happened, I would say the average credit limit for a new card from a new issuer is $2k to $4.5k for those with good credit. Those with excellent credit probably have an average credit limit on new cards that is higher, if they already have high limit accounts.
DEFINITION of 'Credit Limit'. The amount of credit that a financial institution extends to a client. Credit limit also refers to the maximum amount a credit card company will allow someone to borrow on a single card.Credit limits are usually determined based on information contained in the application of the person seeking credit, or that person's credit rating.Next Up.owever, having a high credit limit and multiple lines of credit may hurt a person's overall credit rating. In these cases, new potential lenders can see that the applicant has access to a large amount of debt, which may lower the chances that this person will be able to repay his or her debts in the future.