A very "bad deal" the card holder will be charged with fees pertaining to the exceeded credit limit, and it can reflect negatively on a credit report.
It should be reported effecting your score, also balance on it can either improve or reduce your score.
The limit of the credit card issued by your bank is determined on the basis of your financial standing,credit worthiness. So, it varies from person to person. persons having multiple credit cards, have a spending tenacity whereas the debit card holders are tied by their account balances.
The credit limit that is on the Chase Visa signature card is a $5000 credit limit. This credit limit matches up with the average credit limit across all banks in America.
Home Depot credit card holders report limits ranging from $1000 - $12,000; it depends on your the results of your credit application. Some may carry a high APR and lower your balance without much notice.
You will need to ask your bank as the limit varies per bank. I once had one where I could set the limit and I chose to have no limit. The bank I am with now has a limit of $300 on all account holders. You can , however, have an establishment run the card as a credit card if you do want to go over the limit set by your bank.
Credit limit will vary depending on your credit rating and what the credit company is willing to offer you.
Credit cards are open ended accounts. The issuing bank has a limit as to how much can be borrowed against the account. The top amount is the credit limit.
The limit for an HBC credit card is communicated to the purchaser of a new Hudson Bay Company credit card directly. This is the only way that one can determine the cash limit and credit limit on an HBC credit card.
Preparedness
The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.The liens must be paid before the property can be transferred.
For spending increase my credit limit
Someone's credit card limit is determined by examining their credit score. Typically, one who has good credit will receive a much higher credit card limit than one who has a bad credit score.