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Rather quick question but
What happens if you exceed your credit card limit?
>very long time without job
>just got one 2 weeks ago
>been looking to pay off credit card
>first payday is this friday
>had $780 balance on card
>$800 limit
>make $30 payment on 1st july
>in my mind, $750 balance
>put $40 worth of gas last few weeks
>in my mind, $790
>skipped buying lunch all week cause no $$$
>hoping to buy some dollar menu items tomorrow for lunch
>just checked credit card balance to see how much
>$30 in fees or something
>$830 total balance despite $800 limit
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>>18536901
Then you can't borrow any more until your balance is below your limit. They still will charge you the typical annual interest rate, and if you miss a payment the rate will go higher. Also if you borrow near your limit often your credit rating gets tarnished even if you make minimum payments.
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>>18536913
gotcha. cause when i put the final $25 of gas, the total was like 798 on the dot. was wondering why it processed at all.
looks like a bottle of water for lunch tomorrow
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