Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
Re: What happens if you exceed the limit?

Wolf3 wrote:

You can not be charged a over limit fee, unless you opt in.   This is part of 2009 credit card act.


In general, they can accept or deny the charge regardless of whether you opt in.  So, IMO, opting in makes no sense.


Also if you do opt in and your statment cuts your CR will show that you went over your limit and IMO lenders dont like this.

$100K in Credit
Last Credit Card App: 11/16/13