If you go over your credit card limit

[Aimster]

They charged me $29.99 for going over, but I have already paid the fines.

 

[spacejamz]

no...but your credit score is lowered if your balance is near your credit limit...

 

[Aimster]

Originally posted by: spacejamz

no...but your credit score is lowered if your balance is near your credit limit...

It's a $200 credit card 🙁

 

[BlueWeasel]

Originally posted by: Aimster

Originally posted by: spacejamz

no...but your credit score is lowered if your balance is near your credit limit...

It's a $200 credit card 🙁

The $30 overage fee for a $200 limit --> ouch

 

[Squisher]

Is that bad for your credit?

Nothin' from nothin' ain't nothin'....

 

[olds]

Shens

 

[Yossarian]

$200 limit on a card? that's crazy.

 

[orakle]

i was under the impression that a credit limit was an actual limit, i.e. if you go over it, the transaction just won't go through.

 

[Strk]

$200 limit? I guess that is good for keeping yourself out of big trouble 😉

 

[Yo Ma Ma]

Originally posted by: orakle22
i was under the impression that a credit limit was an actual limit, i.e. if you go over it, the transaction just won't go through.

A large transaction would probably be blocked, but if it just puts you a wee bit over they are happy to oblige and then apply the overlimit fee.

 

[Strk]

Originally posted by: orakle22
i was under the impression that a credit limit was an actual limit, i.e. if you go over it, the transaction just won't go through.

It depends on what it is. If you were going to buy a CD at Best Buy or wherever, it would reject the card; however, interest and automatic billing(to name a couple) will put you over your limit.

 

[Strk]

Originally posted by: Yo_Ma-Ma

Originally posted by: orakle22
i was under the impression that a credit limit was an actual limit, i.e. if you go over it, the transaction just won't go through.

A large transaction would probably be blocked, but if it just puts you a wee bit over they are happy to oblige and then apply the overlimit fee.

That depends on the company. Certain companies won't let through the smallest amount(<$5) and others will let through fairly large amounts, but then hit you with a big finance charge.

 

[Aimster]

I went over by a less than a few dollars. The card was rejected when I wanted to use it to buy clothes. It's a credit card conspiracy! I paid off my balance, but the credit card company still said I had a balance of $48.00 when it should have went back to $200.00. The balance is still $0.00 and I've paid them everything I owed via Internet. Need to give them a call.

 

[RossMAN]

Learn how to keep better track of your finances or do what I do, get 15 credit cards 🙂

If it's only 1 or 2 violations it won't ruin your credit, just don't let it happen again.

 

[machintos]

Originally posted by: RossMAN
Learn how to keep better track of your finances or do what I do, get 15 credit cards 🙂

If it's only 1 or 2 violations it won't ruin your credit, just don't let it happen again.

do you really have 15 credit cards? What's your credit score like?
I was always wondering whether having too many credit cards can lower the credit score.

 

[DaWhim]

Originally posted by: machintos

Originally posted by: RossMAN
Learn how to keep better track of your finances or do what I do, get 15 credit cards 🙂

If it's only 1 or 2 violations it won't ruin your credit, just don't let it happen again.

do you really have 15 credit cards? What's your credit score like?
I was always wondering whether having too many credit cards can lower the credit score.

no, it is a myth. *getting another 2 new cc's*

 

[RossMAN]

Originally posted by: machintos

Originally posted by: RossMAN
Learn how to keep better track of your finances or do what I do, get 15 credit cards 🙂

If it's only 1 or 2 violations it won't ruin your credit, just don't let it happen again.

do you really have 15 credit cards? What's your credit score like?
I was always wondering whether having too many credit cards can lower the credit score.

No I don't have 15, it's fewer than that and my credit score sucks (634).

 

[User1001]

Originally posted by: Strk

Originally posted by: Yo_Ma-Ma

Originally posted by: orakle22
i was under the impression that a credit limit was an actual limit, i.e. if you go over it, the transaction just won't go through.

A large transaction would probably be blocked, but if it just puts you a wee bit over they are happy to oblige and then apply the overlimit fee.

That depends on the company. Certain companies won't let through the smallest amount(<$5) and others will let through fairly large amounts, but then hit you with a big finance charge.

usually gas station charges (for gas only) get through.

 

[randomlinh]

Originally posted by: RossMAN

Originally posted by: machintos

Originally posted by: RossMAN
Learn how to keep better track of your finances or do what I do, get 15 credit cards 🙂

If it's only 1 or 2 violations it won't ruin your credit, just don't let it happen again.

do you really have 15 credit cards? What's your credit score like?
I was always wondering whether having too many credit cards can lower the credit score.

No I don't have 15, it's fewer than that and my credit score sucks (634).

you know ross, the easy way to fix that is to have a third party block all deals from your reach.... 🙂