@heirophant wrote:
Here is a bit of advice about over-limit fees. I went over-limit on my HSBC card once. I knew it, too. They will approve something as long as it is under $5 over your credit limit. However, I called them about it and was informed that they process payments before charges, so I took a chance. I immediately made a payment online and hoped that it would go through before the charge was finalized. They both went through on the same day. The payment was processed first. No overlimit fee. So, the lesson is if you know you are going to go overlimit, make a payment right away and you stand a chance of staying within the cardmember agreement.
Cap 1 does the same thing, in my experience. A few years ago I made a purchase that I knew would send me OTL. As soon as I got home, like 10-30 minutes later I immediately made a payment to the card, enough to cover the amount I would go over and give me a little extra cushion, which at that time of my life meant like $20.
Since the payment posted before the purchase, no OTL fee. And according to the Cap1 website no OTL.
On a side note, I don't reccomend even getting anywhere close to the limit to have to do something like that, but if you're in a bind, food for thought...
