Final answer:
Debt to income ratio, credit score, and annual income significantly influence credit card borrowing limits.
Explanation:
Debt to income ratio is one of the key factors that impact the amount you're allowed to borrow for a credit card. Lenders assess this ratio to determine your ability to manage monthly debt payments. Credit score and annual income also play crucial roles in determining your credit limit. Having a high equity in your home may enable you to borrow more but for a specific type of loan, not necessarily a credit card.
Learn more about Credit card borrowing limits here:
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