If your credit limit is 3000... ??? ?

Question

if your credit limit is 3000 [ on your credit card ] and you go over by $50 let's say , so now you owe $3050 will you pay interest on the 50 because you are over your limit given to you ?

Ontario , Canada

Answer 1

Of course you owe interest - you will always pay interest on whatever you owe.

By the way, if you are allowed to go over your credit limit, they will most likely hit you with an over limit fee.