If you go over your credit card limit, will they just deny you at the checkout, or will it allow you to go ove

Question

i dont want to do it, im just curious becuase i have never had a credit card.

Answer 1

It depends on what the terms are for the account. Some will let you go over and some will not. Read the very tiny small print when you get your first credit card to see.

Answer 2

Most credit cards would love to let you go over the limit; in addition to a $32 over the limit fee, some also charge a DAILY over the limit fee of 1 or 2 dollars!!!!

If you can't pay your bill in full each month - don't use it. It's a myth that carrying a balance on a revolving card improves your credit score.

Answer 3

Depends on the card. Some will deny and some will allow a little over then charge an over-limit fee.

Answer 4

Usually they wll ask you for other mode of payment/s. They may not allow you to go over as the credit card company sets a limit on your account, and any excessive withdrawals transacted by the shops will be at the risk of the shopkeepers themselves.

It is unlikely that the shopkeeper will want to take a risk - unless they know you well enough to take that risk in question.

Answer 5

It depends on the bank that carries your card. Some will let you go over because they like the $30+ fee they can get when you do go over. Some won't though.

If you haven't had one, try not to get one. They are nothing but trouble!!! If you can get by using cash, do it.

Answer 6

The company may allow one or two overdrafts, but you will end up paying a whole lot more in overlimit fees. Then you may go into a defualt rate around 30%. Either way it isn't good.

Answer 7

They will either deny you or tell you that your over the limit & ask if you hae another card or method of payment.