What happens if I spend more than my available credit limit? I am with CHASE and have a freedom card.?

Question

I have a credit limit of 2000 and have never been late on a payment.

Answer 1

If you are in good standing with them,and your account is not always close to your credit balance,  they would most likely cover the over limit amount (as long as it is not to large of an amount).

But they will charge you an over the limit fee and raise your apr on the account.

Hope this answers your question.

Answer 2

1. Kredit Kard kumpanee see yer kard wen yu "swipe" it & kood stop it theer.  Em dont duit kauz em WANT tu charj yu fees & penaltees & interest.

2. 80% av KK profit is from the fees & penaltees.

Answer 3

1 they might not pay it.

2 they might increase your credit limit

3 they might put your card on hold

4 they might pay it, but charge you a hefty "over limit fee"

Answer 4

The first poster is correct.

Answer 5

I also agree with the first poster.

Answer 6

actually i work for Discover card and just like most companies if you go over your limit but its under by the time your payment is due, it wont effect your credit and you will have no fees assessed. The fee is only instituted because you are giving the company a business risk. If it is put back down before the payment is due you have proven you are no threat.