32 Credit Card Mistakes That Any American Does

EXCEEDING YOUR LIMIT

Thanks to the Credit CARD Act of 2009, card issuers can no longer process charges that put you above your credit limit — they’ll simply deny the charge. But you can still opt in to allow charges beyond a credit limit: possibly $25 the first time you exceed your credit limit and up to $35 if you if you go over again within six months. A fee cannot be larger than the amount by which you exceeded your credit limit.

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