> ## Documentation Index
> Fetch the complete documentation index at: https://support.pexcard.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Understanding credit line and spend limits for Credit Expense programs

> Credit Expense gives your business a line of credit — how your credit line, current balance, available credit and statement period work together

Some terms and definitions are unique to Credit Expense customers. These are defined below:

* **Credit Line** - The total amount of credit extended to a customer by PEX. The Credit Line is the total amount available to be spent by the business per Statement Period.
* **Current Balance** - The sum of all settled transactions during the current Statement Period on a business or a cardholder. It does not include pending transactions.
* **Available Credit -** The remaining capacity for additional purchases for a business or cardholder. For a business, Available Credit is equal to the Credit Line minus any settled and pending transactions during the current Statement Period. For cardholders, Available Credit is the \[Statement Period] Spend Limit minus any settled and pending transactions. Note that if there is no Available Credit at a business level, cardholders are no longer able to make further purchases regardless of their \[Statement Period] Spend Limits or Available Credit. The sum of all settled and pending transactions across all cardholders of a business, cannot exceed the Credit Line amount.
* **Statement Period** - The time period for which the Credit Line is available. At the end of the Statement Period, repayment is due. On the last day of the Statement Period, a Same Day ACH transfer (from the linked external bank account) will be automatically initiated for the full Current Balance.
* **\[Statement Period] Spend Limits** - Individual cardholders can have Spend Limits assigned which will limit their ability to access the entire Credit Line. The maximum Spend Limit for a cardholder is the full Credit Line. Multiple cardholders can have Spend Limits set to the full Credit Line. For example, if the business has $50,000 as a Credit Line and 5 cardholders, each cardholder can have a $50,000 Spend Limit. If one cardholder spends $49,000, then the other cardholders will only be able to spend $1,000 between all 4 of them. Spend Limits can be edited after card ordering by selecting the cardholder in the Cards section of the Dashboard, and then going to the Spend Rules tab.


## Related topics

- [Quick Start for Administrators](/administrator-guide/quick-start-for-administrators.md)
- [Understanding Credit Line decreases](/administrator-guide/understanding-credit-line-decreases.md)
- [Dashboard analytics: understanding your business at a glance](/administrator-guide/dashboard-analytics.md)
- [Does PEX offer credit?](/administrator-guide/does-pex-offer-credit.md)
- [Repayment for Credit Expense programs](/administrator-guide/repayment-for-credit-expense-programs.md)