topic Re: Went Over The Limit By $12 On Accident... in Credit Cards

Went Over The Limit By $12 On Accident...

shane82388 — Sat, 13 Oct 2012 02:34:05 GMT

I went over the limit by $12 on accident on my Chase Freedom card with a $500 limit.

Im so careful with it ubt i just messed up and miscalculated what limit I had left. I pay in full every month but its hard to keep track of such a low limit since you hit it so fast!

I've been trying to be perfect with this card to hopefully induce a CLI but did i jsut screw that up now? I paid it within about an hour of it going over and no adverse action was taken against me but its showing on my credit report now on the "High Credit Limit" section...

Should I write a goodwill or something or will it not really matter as far as me getting a CLI for my Chase Freedom card?

Re: Went Over The Limit By $12 On Accident...

Anonymous — Sat, 13 Oct 2012 02:40:03 GMT

If Chase doesn't charge an over-limit fee, I wouldn't worry about it. I doubt you did anything to hurt future CLI request chances. If an over-limit fee does appear, I would recommend calling and asking for a GW fee waiver, otherwise you're fine.

Re: Went Over The Limit By $12 On Accident...

shane82388 — Sat, 13 Oct 2012 02:44:04 GMT

nah i contacted them right after i noticed it and they basically said like nothing will happen...its just showing on the credit report now nad it bothers me...havent had a bad mark since 2009.

Re: Went Over The Limit By $12 On Accident...

Anonymous — Sat, 13 Oct 2012 02:47:38 GMT

Having a high balance on your credit report that's higher than your reported credit limit doesn't really mean anything score wise. You shouldn't consider it a bad mark in any way. I mean, somebody could bring it up on a manual review, but it's pretty easily explainable with a $500 limit, especially if you routinely pay in full. I mean, that can happen frequently, like if someone gets a credit limit decrease, so there's really nothing to worry about.

Re: Went Over The Limit By $12 On Accident...

shane82388 — Sat, 13 Oct 2012 02:58:15 GMT

K good...i just dont want it to trigger some red flag black list thing in their computers that give auto CLI's...

Re: Went Over The Limit By $12 On Accident...

Anonymous — Sat, 13 Oct 2012 03:02:41 GMT

@shane82388 wrote:
I went over the limit by $12 on accident on my Chase Freedom card with a $500 limit.

Im so careful with it ubt i just messed up and miscalculated what limit I had left. I pay in full every month but its hard to keep track of such a low limit since you hit it so fast!

I've been trying to be perfect with this card to hopefully induce a CLI but did i jsut screw that up now? I paid it within about an hour of it going over and no adverse action was taken against me but its showing on my credit report now on the "High Credit Limit" section...

Should I write a goodwill or something or will it not really matter as far as me getting a CLI for my Chase Freedom card?

They won't care, and as long as you opted out of overlimit protection there will be no fee.

Re: Went Over The Limit By $12 On Accident...

beb86 — Sat, 13 Oct 2012 03:09:43 GMT

as far as your CR is concerned there is no "balance memory" and even though it may show a high balance as soon as your statement cuts next month that reflects the payment you made to get it under the limit and it updates to your CRAs you current balance will reflect as such and you should be ok.......I mean some cards will allow you to go over the limit so its not like its uncommon

Re: Went Over The Limit By $12 On Accident...

webhopper — Sat, 13 Oct 2012 03:05:52 GMT

I used to have a chase freedom with a $200 limit. This is why I closed the account back in 2008

Re: Went Over The Limit By $12 On Accident...

Anonymous — Sat, 13 Oct 2012 04:27:44 GMT

I say don't worry about it much. It happened to me and it did not stop me from getting prime cards. In fact the card that I went over the limit on recently got a CLI so it really don't matter with teh new CL showing.

Re: Went Over The Limit By $12 On Accident...

maiden_girl — Sat, 13 Oct 2012 04:35:17 GMT

You should be fine! Some CCCs will approve an over the limit charge if you've had a good payment history and good account standing...I went over the limit with one of my cards a LONNG time ago b/c I did the same thing you did but I paid it off and didn't get charged a fee.

Re: Went Over The Limit By $12 On Accident...

migliogiorni — Sat, 13 Oct 2012 05:10:52 GMT

don't sweat it nothing happens.

Re: Went Over The Limit By $12 On Accident...

Creditaddict — Sat, 13 Oct 2012 05:57:26 GMT

As long as you have not selected for going over your limit as an option, if they let you go over for a very small amount or if Signature, it's not an issue...

How long have you had this card? Might be good time to take the HP and get more limit to handle your monthly charging needs?

What about a new card with someone else?

GE might loosen up better or Barclay for Apple Visa and can recon very easily with them!

Re: Went Over The Limit By $12 On Accident...

shane82388 — Sat, 13 Oct 2012 06:03:11 GMT

@Creditaddict wrote:
As long as you have not selected for going over your limit as an option, if they let you go over for a very small amount or if Signature, it's not an issue...
How long have you had this card? Might be good time to take the HP and get more limit to handle your monthly charging needs?
What about a new card with someone else?
GE might loosen up better or Barclay for Apple Visa and can recon very easily with them!

I have the Apple Barclays Card with a $3400 credit limit....I've gotten two $1000 credit limit increases from them and have had ot for a little over a year...

I will have had the Chase Freedom for a year in December or so...Its the card I use the most along with my AMEX Green...

My utilization is about 60-65% right now though which is why im not really too sure about trying for a CLI? Id really love to get one on my Chase Freedom though...

Re: Went Over The Limit By $12 On Accident...

maiden_girl — Sat, 13 Oct 2012 06:11:16 GMT

@shane82388 wrote:
@Creditaddict wrote:
As long as you have not selected for going over your limit as an option, if they let you go over for a very small amount or if Signature, it's not an issue...
How long have you had this card? Might be good time to take the HP and get more limit to handle your monthly charging needs?
What about a new card with someone else?
GE might loosen up better or Barclay for Apple Visa and can recon very easily with them!
I have the Apple Barclays Card with a $3400 credit limit....I've gotten two $1000 credit limit increases from them and have had ot for a little over a year...

I will have had the Chase Freedom for a year in December or so...Its the card I use the most along with my AMEX Green...

My utilization is about 60-65% right now though which is why im not really too sure about trying for a CLI? Id really love to get one on my Chase Freedom though...

I would work on getting your UTL down before requesting a CLI from chase. It'll be a hard pull from chase and you'll probably be denied due to your high UTL.

Re: Went Over The Limit By $12 On Accident...

Creditaddict — Sat, 13 Oct 2012 07:57:56 GMT

@maiden_girl wrote:
@shane82388 wrote:
@Creditaddict wrote:
As long as you have not selected for going over your limit as an option, if they let you go over for a very small amount or if Signature, it's not an issue...
How long have you had this card? Might be good time to take the HP and get more limit to handle your monthly charging needs?
What about a new card with someone else?
GE might loosen up better or Barclay for Apple Visa and can recon very easily with them!
I have the Apple Barclays Card with a $3400 credit limit....I've gotten two $1000 credit limit increases from them and have had ot for a little over a year...

I will have had the Chase Freedom for a year in December or so...Its the card I use the most along with my AMEX Green...

My utilization is about 60-65% right now though which is why im not really too sure about trying for a CLI? Id really love to get one on my Chase Freedom though...

I would work on getting your UTL down before requesting a CLI from chase. It'll be a hard pull from chase and you'll probably be denied due to your high UTL.

If your CL is $500 and you PIF or do multiple payments usually it's not going to matter if you are at $90 or $504 right now... I would be surprised if they held that against you... the point is it's a terrible limit and it's LONG over due to increase... and they can easily see what you have done with the card each month and payments and such and then see on your report this card with a 7x HIGHER CL....

Re: Went Over The Limit By $12 On Accident...

LS2982 — Sat, 13 Oct 2012 14:36:43 GMT

I would call their executive office and see if they can do a SP review for a CLI.