Quick Answer: Can You Go Over Your Credit Card Limit UK?

Can you go over your credit limit?

Yes, but you will usually get charged a fee if you go over your limit and may not be able to spend again until you pay off part of your balance.

Going over your limit could also cause you to: Have your credit limit reduced.

What happens if you go over credit card limit?

If you go over your credit limit, your card issuer may simply decline the transaction. Some card issuers may allow charges that exceed your credit limit, but they typically charge an over-limit fee of up to $25 the first time you go over your limit and up to $35 if you do it again within six months.

Is it possible to go over a credit card limit?

If your card issuer does charge a fee, the fee can’t exceed the amount that you’ve gone over your limit. For example, if you go over your credit limit by $15, the maximum fee you can be charged is $15. Going over your credit limit may trigger the penalty rate, the highest interest rate charged on your credit card.

Can you go over your credit limit discover?

An over-the-limit fee may be charged if you make a purchase that exceeds your credit limit. You must authorize your credit card to allow you to go over your limit or your issuer cannot charge you this fee.