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This provides deposit insurance for credit unions in much the same way as the FDIC provides insurance for banks. Look for the NCUA logo at your credit union's teller stations. The standard maximum limit is $250,000 per individual account holder, per federally insured credit union. (To check on whether your credit union accounts are fully covered, use NCUSIF's coverage estimator at http://webapps.ncua.gov/ins.)
That's your ceiling -- the maximum amount the card issuer has authorized you to charge each month. To a large extent, the height of that ceiling is out of your control. Your credit card issuer sets your credit limit when it gives you the card, taking into account your credit history, credit score and your income.ivide $700 by $1,500 and your total credit utilization is 46 percent -- which is far too high to get the best credit score. The lower your total credit utilization, the higher your possible FICO score, which is especially beneficial if you're thinking of applying for a mortgage or another big loan in the near future.