loading...
What are the Consequences when You Spend Beyond Your Credit Limit?

What are the Consequences when You Spend Beyond Your Credit Limit?

As you are aware, every credit card has fixed limit that is set by the credit card provider indicating the maximum limit the card holder can spend on it. Have you ever questioned yourself what would happen if you use your card over spend an amount above your credit limit? Will the transaction be successful if you spend over your credit limit or it gets rejected?
The success or failure of a transaction completely depends upon the credit card that you are using, each credit card providers has different pre-defined norms for each credit card they release in the market.
For few credit cards, the transaction the transaction might be successful, but you will be charged an additional fee for using amount above the limit
And for few credit cards, the transaction might not get rejected. In other words, you can maximum use the amount up to your credit card limit


Leave a Reply

Your email address will not be published. Required fields are marked *