Q: What happens if I try and spend over my limit?
Submitted By: right.h.man, 240 days, 13 hours, 14 minutes ago
I have a credit card and its got a pretty small limit. What happens if say I try and spend $1200 on the card when it has only a limit of $600.
Will it just get denied? Any personal experiences? I'm just worried that I'll end up over my limit by mistake and I want to know what happens.
I know that I would probably get into smoe trouble with the company involving heavy interest rates and such.
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Read your contract!
Submitted By: z_aksis ( 231 days, 10 hours, 6 minutes ago )
All credit card companies vary...they may actually do it and raise you interest rate to the 30% range til its paid off....beware!