Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
Re: What happens if you exceed the limit?
With Capital One, you can ask if you want the lender to approve a charge that exceeds your limit, mostly to prevent embarrassment at the checkout counter if the card is denied. I opted in for this but never intend on using it. The lender advises that if they do approve an over the limit charge, that $X fee will be charged to the consumer.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014