Re: After all my hard work :(
11-13-2012 07:17 PM
Be ready to pay that default rate of 29.99% too. Going over limit is like missing a payment with most credit card issuers
I don't think so. If they are concerned about your credit, I assume they would decline the charges. Or if you opt in, they can charge you a fee for going over (big money for them) and they still decide if they want to do it.
It is not really a negative, your score will be lower due to high utilization, but it is only temporary and there is no history of it on your credit report.
A missed payment on the other hand stays on your report for 7.5 years and truly is a negative.
On a positive note, PayPal SC let me charge to about 125% credit limit. I PIF after the statement closed and they gave me a 50% CLI.