Can you go over your credit limit with a credit card? What happens?

Answer 1

Yes, you can go over your limit.

The credit card company will assess and over the limit charge and possibly raise your interest rates.

Answer 2

Sure you can go over limit. What happens is that the company with which you have the credit card will send a report to the companies who take all the records for you to have a credit score.The fact is that your credit score will be lower and your your APR will be higher.

Answer 3

Yes, you can jump the credit limit. Just book a ticket online. Ensure its cancellation charges are minimum. Then cancel the ticket. The ticket amount would be refund to account. The great thing to notice is that you will be billed after 3 days for that ticket. So, the refund amount would minus your total outstanding. You can use that outstanding to purchase anything else. And bank will realise later that you have crossed your credit limit. Just try this.

Answer 4

Yes, you can. The credit card company will then charge you an overlimit fee every month until your balance is back under your credit limit.

Answer 5

Depending on your credit status -
1) - Embarrassing scene at retailer when they announce your card has been declined .
2) - It is authorized and your next bill has 'over - limit' fees that make you fall down dizzy and pass out.

Unless you are heading into bankruptcy court, try and avoid going over the limit.

Answer 6

You can go over the limit. The credit card companies can charge you an overlimit fee if done so.

Answer 7

NO. The charge that brings your account over the limit will be denied. The onyl way it can work is if a payment is applied and you charge something before the finance charges are added a few days later. Then not only will you owe the minimum payment, but also any amount over the limit.

Answer 8

most companies charge an over the limit fee.