Renewed Balance When You Reach Your Credit Limit On Credit Card Is That Amount Renewed After Youve Paid The Balance?

When you reach your credit limit on credit card is that amount renewed after youve paid the balance? - renewed balance

For example, if you used a credit limit of $ 300.00 and $ 300.00, and youv'e paid their bills on time will receive $ 300.00 per month, or after payment, renewal