What happens if i go over my credit limit?

If i have a credit card with a limit (say 10,000) and i go out and make a purchase of like 11,000 what happens...|||If the charge was accepted (would likely be rejected), you would owe an overlimit fee every month until you brought your balance (including interest) below your limit. Or that would happen if you made a total of small purchases that were not checked that thoroughly or interest when close to your limit pushed you over your limit.





And if you did not immediately bring it below your limit, they may raise your interest rate causing everything to snowball.





So like another answer says more simply, you would end up paying much more than $11,000.|||There is going to be a fine of approx $39. But that might differ with respect your terms and conditions.


Your APR(annual percentage rate) is gonna go up a very high value. Sometimes its as high as 39%.


So you will end up paying a lot more than you would have had to in the first place.|||There will be an over the limit fee, usually around $40. And they can raise your interest rate.|||you're going to be paying back a lot more than 11,000