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Can you overdraw on a credit card?

Updated: 9/17/2023
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14y ago

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Yes, but the card issuing bank would charge you over limit fee and other additional fees if you exceed your credit limit

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14y ago
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Q: Can you overdraw on a credit card?
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Related questions

Is overdrawn balance debit or credit?

that would be debit, because a credit card has a certain amount you can use, HOWEVER; i believe you can overdraw on BOTH of them depending on your credit, and what bank you're useing. hope this helps.


What are some common problems people encounter with credit cards?

The credit card companies are always keeping a close eye on their customers, whether they pay the monthly installments in a timely manner or if they are trying to overdraw their credit limits.


Can you overdraft 300 at a ATM on prepaid card?

You cannot overdraw a pre-payment card.


Is it possible to overdraw a checking account using a debit card?

Yes a lot of people tend to overdraw their checking account because they do not know how to balance their checkbook.


Can you overdraw on a prepaid master card?

You should not be able to. If the purchase should be refused.


What can be done to repair a bad credit report score?

Re-establishing good credit can be quite difficult. If you can, maintain a checking account with a substantial amount of cash in it. Do not overdraw or empty this account. If you can qualify for a credit card, and use it for only small purchases, and be sure to pay off the balance regularly you may be able to repair your credit slowly.


Do prepaid cards play an important role in establishing someone's credit history?

No... simply because they're pre-paid. You 'charge' the card with cash - and use that instead of 'real' money. You cannot overdraw on a pre-paid card. To establish your credit history - you would have to be approved for a credit card (some companies will give cards to 1st time users). Once you get the card - use it sensibly. Don't 'max it out' to its limit. Pay off as much as you can each month, and don't ask for an increase in the credit limit. This establishes you as a sensible user - which often results in the company offering an increase in your credit limit.


I'm are 16 years old your parents want to get you a Debit CardSome type of Check Card even a Credit Card would be nice however you have been told that you must be 18 to legally have one even i?

YOu can get a debit card as long as you have a bank account attached to it. My 14 year old has a debit card (check card) and I deposit her allowance directly into her bank account. It is easier than giving her cash and she keeps up with her account balance so that she doesn't overdraw on her account. yes, im 13 and my dad is getting me a debit card from tuxedo at master card. you have to be 18 to get a credit card. the good things with debit cards is that you cant go overdrawn with them its much better than a credit card!


How can a teen get a credit card with no credit?

a prepaid credit card


What is credit card pos?

credit card pos = credit card point of sale.


Can credit card images be personalized?

Credit card images can be personalized depending on your credit card issuer. Most credit card issuers offer a service for credit card personalization for a fee.


What is a secured credit card?

a credit card that is secured by a deposit of your own money