Updating a physical card limit refers to the process of changing the maximum spending amount allowed on a physical credit or debit card. This adjustment can be necessary for various reasons, such as increasing the limit to accommodate higher spending needs, or decreasing it to better manage expenses and control spending. By updating the card limit, cardholders ensure that their spending capacity aligns with their current financial requirements or budgeting goals. This process typically involves accessing a card management system or contacting the card issuer to modify the limit, and may require verification to confirm the change. The updated limit then takes effect, reflecting the new maximum amount that can be charged to the card.