If you've been following my posts, you'll know that my 1-year old WFNNB LB card has an infuriatingly low limit, $100, that they refuse to CLI. In order to build up some more history (due to paying off right away a few times, I only have like 3 statements, which I think is the reason they keep refusing to CLI) I've made a concious effort to buy some things every month and then PIF as soon as the statement hits.
This weekend my total came to $109 and some change, and I asked if I could put $100 on my card and pay the rest in cash. The cashier told me that "sometimes they raise the limit and don't tell you" and swiped my card for the full amount. Lo and behold, it worked! I asked if there will be an over-the-limit fee and she said there isn't, but I don't have much faith in her answer (she's a cashier, not a credit expert). Right now the payment hasn't even posted on the website, but it does say that my remaining credit is -$9. 
Anyone have any insight into what happened? Are WFNNB's credit limits somewhat flexible, or will I get hit with an over-the-limit fee?
Starting Score (07/2011): EQ 706 TU 709
@Anonymous wrote:I'm a little confused, what do you mean by "I only have 3 statements..?" Is the account a year old or 3 months old?
The account is 1 year old, but there are only 3 statements; they only issue a statement when you have a balance. I've used the card 5 times in the past year, but two of those times I've PIF before they could even cut a statement. Does that make more sense?
@jla84 wrote:If you've been following my posts, you'll know that my 1-year old WFNNB LB card has an infuriatingly low limit, $100, that they refuse to CLI. In order to build up some more history (due to paying off right away a few times, I only have like 3 statements, which I think is the reason they keep refusing to CLI) I've made a concious effort to buy some things every month and then PIF as soon as the statement hits.
This weekend my total came to $109 and some change, and I asked if I could put $100 on my card and pay the rest in cash. The cashier told me that "sometimes they raise the limit and don't tell you" and swiped my card for the full amount. Lo and behold, it worked! I asked if there will be an over-the-limit fee and she said there isn't, but I don't have much faith in her answer (she's a cashier, not a credit expert). Right now the payment hasn't even posted on the website, but it does say that my remaining credit is -$9.
Anyone have any insight into what happened? Are WFNNB's credit limits somewhat flexible, or will I get hit with an over-the-limit fee?
I also find it quite annoying that if you buy something and pay it all before closing, there is no statement. So I never pay it early before closing.
CC can always choose to let you charge over your limit. They cannot charge you a fee unless you agreed to an overlimit fee ( part of CC recent law). Your credit available will be $0. You can pay it normally or early if you are concerned about utilization. No need to worry here.