*** currently available to a limited number of sole traders ***
How much is my credit limit?
Holvi offers credit lines between €1,000 – €5,000. When you apply for a Holvi credit card, we’ll perform an individual assessment and credit check. Based on the outcome of this assessment, we’ll offer a personalised credit line that aligns with your financial situation and business needs.
A credit line is a fixed amount that you (the customer) can borrow from Holvi (a financial institution)
You can use your credit card to spend up to the limit of your credit line. For example, if your credit line is €3,000, you can spend a total of €3,000 on your Holvi credit card – but no more.
As you use your credit card, your remaining credit balance falls accordingly. For example, if you spend €100 of your €3,000 credit line, you’ll have €2,900 worth of credit left over. However, your credit automatically renews as soon as debt is paid off. So the moment you repay the €100, you’ll once again have €3,000 available credit to spend.
Where can I find my credit limit?
The quickest way to find your credit limit is by logging into the Holvi app on your mobile device. You’ll spot the My Holvi credit section on the home screen – note, this section will appear by default once you receive your credit card.
The My Holvi credit section shows the total spent and remaining balances for your Holvi credit card, as set out in your contract. It looks like this:
If you access your account on Holvi.com, you can find your credit limit under Transactions > Credit account.
How often is my credit card balance updated?
With each credit card transaction, your account updates in real time. Your balance in the My Holvi credit section of the Holvi app shows how much of your credit line is available to spend at any time. It consists of:
- Paid and reserved payments*
*A reserved payment happens when the seller puts a transaction amount on hold but the money hasn’t yet been withdrawn from your account.
If you access your account on Holvi.com, you can find your up-to-date credit balance under Transactions > Credit account.