Financial Planning Advices » Financial Terminology » What is an Over-the-Limit Fee?
What is an Over-the-Limit Fee?
Credit card holders usually have a pre-set credit limit. If this limit in purchase, fees, or finance charges is exceeded, then you may be subject to an over the limit fee.
Keep in mind, however, that generally you will be liable for such fee only if you hold a revolving credit.
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