Cryptocurrency Q&A
Does overlimit fee affect credit?
Does overlimit fee affect credit?
WindRider
Tue Oct 29 2024
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7 answers
1738
I'm wondering if there's any impact on my credit score when I'm charged an overlimit fee. Does this fee, which is charged when I exceed my credit limit, affect my credit in any way?
7 answers
Skywalker
Thu Oct 31 2024
Exceeding your credit limit can have several negative consequences.
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Sara
Thu Oct 31 2024
These fees are charged by the credit card issuer for exceeding the agreed-upon limit.
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Sara
Thu Oct 31 2024
One of the immediate effects is the decline of transactions.
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Sara
Thu Oct 31 2024
When your credit limit is reached, further purchases may be denied.
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Valentino
Thu Oct 31 2024
Additionally, you may incur over-the-limit fees.
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