Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
Re: After all my hard work :(

rudy0720 wrote:

Be ready to pay that default rate of 29.99% too. Going over limit is like missing a payment with most credit card issuers


Ive never experienced a "default rate" for going over limit on any card... and believe me I've gone over limit on many accounts before I realized that it was a bad thing. I think what you are mentioning here is a lender specific thing; not necessarily an industry standard.

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