Over the limit on CC | TigerDroppings.com
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The Seaward
LSU Fan
Baton Rouge
Member since Jan 2006
6064 posts

Over the limit on CC

I just got my first credit card less than a year ago, so I don’t have a very high limit. I charge most of my purchases to it in order to build credit and get rewards, and I pay it off in full every month. Well this month, I got careless and without realizing it charged $30 over the limit. I really don’t want to pay a fee or have my credit dinged. The statement isn’t posted for another three days, so can I just pay it off now before the statement to avoid this? Or is there anything else I can do?

This may be a stupid question, but I am not really sure how exactly this works. Thanks in advance to anyone that helps.



Tigerpaw123
USA Fan
Louisiana
Member since Mar 2007
9708 posts

re: Over the limit on CC
Call your CC company right now, tell them what happened and see if they will work with you


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iknowmorethanyou
LSU Fan
Paydirt
Member since Jul 2007
4781 posts

re: Over the limit on CC
They might automatically raise your limit. Especially if your payment history (although short) is timely.


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lsupride87
LSU Fan
Nashville
Member since Dec 2007
12731 posts

re: Over the limit on CC
First of all, if it is just a standard credit card and not a rewards card, chances are there is no over the limit fee. Second, if you quickly pay it off before statement date, you will likely be fine. They only check your balance periodically, so they likely will not know you went over the limit if you pay the balance quickly.


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HeadyMurphey
LSU Fan
Los Santos
Member since Jan 2008
15918 posts

re: Over the limit on CC
quote:

or have my credit dinged


Other than over utilization, you will not get dinged for going over your limit.


Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
40846 posts

re: Over the limit on CC
quote:

so can I just pay it off now before the statement to avoid this?


If it didnt already ring you up with a fee automatically then you should be fine paying it before the statement is made. The statement will be created based on current status.


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lsupride87
LSU Fan
Nashville
Member since Dec 2007
12731 posts

re: Over the limit on CC
quote:

Other than over utilization, you will not get dinged for going over your limit.
But if he pays his balance down to 40% before statement date, he wont have to worry about that. Over utilization only affects the credit score for that one month, pay the balance down to 40% or less next month, and score goes back up. No biggie


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Lsut81
USA Fan
Member since Jun 2005
65656 posts

re: Over the limit on CC
Just call the CC company and talk with them. A lot of times they will make concessions if it is your first issue.


lsupride87
LSU Fan
Nashville
Member since Dec 2007
12731 posts

re: Over the limit on CC
quote:

Just call the CC company and talk with them. A lot of times they will make concessions if it is your first issue.
Do not do this until you see a fee posted. Most likely they will never know you went over the limit if you pay it down soon after. However, they will definitely know if you call and tell them


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KG6
LSU Fan
Member since Aug 2009
3211 posts
Online

re: Over the limit on CC
I didn't even know you could go over the limit. I thought it would just decline the card.


The Seaward
LSU Fan
Baton Rouge
Member since Jan 2006
6064 posts

re: Over the limit on CC
quote:

I didn't even know you could go over the limit. I thought it would just decline the card.


I was under that impression as well.


Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
121034 posts

re: Over the limit on CC
quote:

I didn't even know you could go over the limit. I thought it would just decline the card.


It depends. Some things take longer to post. If you had eaten at a couple of restaurants or bars and left a tip, the tip amount won't post until later which could fool you into thinking you had more available credit if you checked your balance in real time.


Meauxjeaux
Memphis Fan
90112 posts including my alters
Member since Jun 2005
18705 posts
Online

re: Over the limit on CC
quote:

I didn't even know you could go over the limit. I thought it would just decline the card.


I was under that impression as well.


You have to call the card issuer and "opt in" to that feature.

Otherwise they love it when you go A) over the limit on CC, or B) under the limit on debits - also known as OVERDRAWN -

because they love those $30 fees.

Call them and opt in and you will get declined if your purchase would go over the credit limit or under your debit balance.
This post was edited on 8/9 at 12:36 pm


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31084 posts

re: Over the limit on CC
Pay whatever your statement says is owed. If they tack on an extra fee that will show up on your next statement, you can then call them and ask to have it removed. Which they possibly will if you've been good so far.


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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
41499 posts

re: Over the limit on CC
This thread makes me appreciate discover more.


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Old Money
LSU Fan
South Florida
Member since Sep 2012
10776 posts

re: Over the limit on CC
Happened to me so many times when figuring out where my money went.


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