It depends on your cooling. In my experience, a videocard will display visual glitches, or artifacts, if it's overclocked too far. That, or it'll just freeze the system. What videocard do you have? Do you know what your case temperature is?
Luck in overclocking videocards varies according to brand, stock speeds, and the hardware itself. Sometimes the stock speed is very close to the limits of the hardware, thus it can't be overclocked far. Others, like the Albatron GF4 Ti4200 card, I think they are set to 555 effective memory speed, and some have been OC'd to 720 if I remember right. But when overclocking, the maximum speed is limited by the weakest component on the board. If you have just one finicky memory chip that can only handle 10MHz extra, that's the limit.