What Happens If You Go Over Your Credit Limit?
So put me on a highway
And show me a sign
And take it to the limit one more time
-- The Eagles, "Take It to the Limit"
What happens if you go over your credit limit? Does exceeding it mean stores will decline your card when you want to spend? Will your credit rating suffer? Will you be charged a fee, and how much of one? Here's a review of what a credit limit means -- the definition and what happens after exceeding it.
Image source: Getty Images.
Source: Fool.com
