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What is the difference between credit limit, available balance and current balance? Which do I use to check the available Transit Benefit on my TRANServe Credit Card?

Credit Limit-How much you are authorized to spend each month. This is the dollar value of the maximum spending limit associated with a cardholder ‘s account for the current monthly benefit cycle (10-9th).

Available Credit- How much you have left for this cycle. An authorization limit that is the dollar value of the remaining available credit associated with a cardholder’s account. Please reference this amount when checking for the available credit balance on your TRANServe Credit Card.

Current Balance-How much already spent during this cycle. The dollar value of the amount used by the cardholder during the current monthly benefit cycle (10th-9th).

Updated: Thursday, November 7, 2019
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