Because the credit card industry is a big business, most of their money is made off of credit card fees. Any given credit card will allow a customer to go over the limit just to ensure that a 'over the limit' fee is charged. This 'over the limit' can lead to a higher annual percentage rate and late fees. If you are any where near your limit, refrain from any new charges that could put you over the limit. Include any 'blocked' amounts in the balance.
This depends on your credit card company. Some companies will simply refuse your charges if they will put you over the limit. Others will allow the charge and then fine you for going over the limit. Of course, no company allows chages for hundreds of dollars over the limit but if you have a good record some will allow you to go 5-50 dollars over the limit but it is important to remember that if you do you will pay a fee.
I really dont think that there is. I had the same problem with my credit card companys. They were not happy with the payments I sent, and kept adding more
In most cases you will receive a over limit fee.Sometimes if you call the credit card company and ask, they may give you credit if this is your first time .and have always paid on time.
Put simply - it means you have exceeded the limit set by the card company. For example - if your balance is 400, and you have a limit of 500 - then spend 150 - you exceed your limit by 50
Yes - so long as you don't go over your own limit.
When you charge more than your current credit limit
no
no it isn,t you can ue for that offence if they did
This depends on your credit card company. Some companies will simply refuse your charges if they will put you over the limit. Others will allow the charge and then fine you for going over the limit. Of course, no company allows chages for hundreds of dollars over the limit but if you have a good record some will allow you to go 5-50 dollars over the limit but it is important to remember that if you do you will pay a fee.
I really dont think that there is. I had the same problem with my credit card companys. They were not happy with the payments I sent, and kept adding more
In most cases you will receive a over limit fee.Sometimes if you call the credit card company and ask, they may give you credit if this is your first time .and have always paid on time.
Put simply - it means you have exceeded the limit set by the card company. For example - if your balance is 400, and you have a limit of 500 - then spend 150 - you exceed your limit by 50
Your bank sets the limit. But yes.
Yes, but the card issuing bank would charge you over limit fee and other additional fees if you exceed your credit limit
Yes - so long as you don't go over your own limit.
If you go over your credit limit, you credit company will charge a fee and report your overage to the major companies that track your credit score. It is wise to watch spending the and never go over your limit.
You can start by never paying over your limit on a credit card. You will have a good credit score that way and will always be approved. If you do go over your limit and fail to pay back the debt in time, your credit score will get worst.