re: able to spend past limit on credit card. what's going on?

quote:

---

Get ready bro. The will either raise your rate or slap a few on you for going over the limit.

I remember once having one raise my limit from 7.5 to 27% for either being late once or going over the limit!

---

With Capital One yes. Not so with Citi. I have a Citi card that I use for business purchases. They consider my credit "limit" a guideline and allow me to charge over that number without penalty. The only caveat is that I have to pay down below that limit when the next statement balance is due. We pay our statement balances off every month so there is never an issue.