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.
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.
One billion dollars.
Yes - so long as you don't go over your own limit.
If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each mile over the limit.
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.
One billion dollars.
Yes - so long as you don't go over your own 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.
500
Nothing you get stuck at 999,990
Yes, but only if you don't go over the limit and you have made sure they accept credit, but otherwise it makes no difference!
If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each mile over the limit.
If you exceed the mileage limit on a lease, you will typically have to pay an additional fee for each mile over the limit. This can result in extra costs at the end of your lease term.
It should be reported effecting your score, also balance on it can either improve or reduce your score.
Make sure that you stay below 30% of the credit limit if you want to have a decent credit score. There is a scoring module that Credit Reporting Agencies go by that we as the consumers don't know about. I will tell from experience that your score could decrease anywhere from 10 - 20 points from each bureau that your account is being reported with.