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Username: Peter Rating:  Asked to: Apinya Kamon Date Created: 14 Jun 2019 |
| Category | 28 |
| Tag | Financial |
| Question | Please give the definition of Over-Limit Fee. |
|
Hi Peter, An over-limit fee is a penalty charged by a credit card company if a credit card user exceeds the card’s credit limit. Over-limit fees are typically $25 for the first over-limit charge and $35 if you go over the limit a second time within the next six months, though credit card issuers are free to determine their own fees as long as they are reasonable in relation to the cardholder’s over-limit activity. |
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