What Happens When You Exceed Your Credit Limit?

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The Truth About Credit Cards

Business


Every credit card comes with a credit limit, which is the amount of money you are allowed to borrow with the card. Exceeding this threshold can result in a variety of negative consequences, from credit damage to embarrassing moments at the checkout counter. For this reason, it's important to understand what can happen when you go over your credit limit, and why it's smart to pay attention to your running balance.

Click on this link to know about the what happens when you exceed your credit card limit: 

https://telegra.ph/What-Happens-When-You-Exceed-Your-Credit-Limit-04-19