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What is an over the limit fee?
When you go over the credit limit on your credit card (the maximum total amount you are allowed to have on the card), you might be charged an over the limit fee.
It is easier than you may think to go over the credit limit – especially if your limit is low to begin with. Remember, all purchases, cash advances, balance transfers, fees, and finance charges can count toward your limit, so be careful when you use your card when the balance is already near the limit. You can look online for the best credit card or credit card deal with little or not fees of this kind if you often go over your limit.
You can also call the credit card company at any time and ask to have your limit increased. Often they can give you an answer within minutes on the phone.
See also:
What is a spending/credit limit?
What fees do credit cards have?
Last update: 2006-09-25 16:42
Author: BKO
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