topic Over limit protection in Credit Cards

Over limit protection

Anonymous — Sat, 10 Apr 2010 12:38:51 GMT

Has anyone received anything about over the limit protection for orchard. The secured card at that. They keep reminding me by emails and every time I log in. Avoid decline transactions it says, I think I'll pass. I just thought it was strange for a secured card.

Re: Over limit protection

Anonymous — Sat, 10 Apr 2010 16:29:55 GMT

I get that msg from Orchard too, I think its just a way for them to make money now that the new laws have gone into effect, they can charge you a fee for going over your limit

Re: Over limit protection

Breakthecycle2 — Sat, 10 Apr 2010 23:16:11 GMT

@Anonymous wrote:
I get that msg from Orchard too, I think its just a way for them to make money now that the new laws have gone into effect, they can charge you a fee for going over your limit

Chase is also doing this.

Re: Over limit protection

laz98 — Sat, 10 Apr 2010 23:29:05 GMT

yep, got it too.

Re: Over limit protection

Pushto700 — Sun, 11 Apr 2010 02:33:35 GMT

Avoid this like the plague. It will kill you, and they can charge you excessive fees and increase your APR by going over, especially if you do not pay in a timely manner.

It appears innocent, put is a sneaky attack dog. I ignore it.

Re: Over limit protection

Anonymous — Tue, 13 Apr 2010 16:04:06 GMT

That maybe true buut if you have an emergency and all your cards are at the limit it could help, just a little self discipline goes a long way

Re: Over limit protection

score_building — Tue, 13 Apr 2010 16:26:19 GMT

@Anonymous wrote:
That maybe true buut if you have an emergency and all your cards are at the limit it could help, just a little self discipline goes a long way
all cards maxed out doesn't = self discipline

Re: Over limit protection

Pushto700 — Tue, 13 Apr 2010 18:21:34 GMT

@score_building wrote:
@Anonymous wrote:
That maybe true buut if you have an emergency and all your cards are at the limit it could help, just a little self discipline goes a long way
all cards maxed out doesn't = self discipline

Took the words right out of my mouth. This type of behavior leads oft to dependence, which in turn leads to default. Stay away from it. It's a trap.