Some to Avoid Credit Card Overlimit Fees

Generally, each credit card has a limit or credit limit, which is the maximum amount that can be used for transactions with no penalty charge. Although the creditor provides credit limit to make a deal, but they will let you conduct transactions through the credit limit, but charge a fee for it. Transactions that cross the line of credit will have a financial effect is relatively expensive.

First, your lender may charge as much as Rp.70 thousand overlimit (or maybe more).

Second, your credit card interest rates can rise to the level of default. Rising interest rates will lead to a more expensive cost to bring the credit card usage charges beyond the grace period.

Lastly, your credit score will be affected. Because 25% of the credit score compares your debt levels to the credit limit, have a credit card overlimit usage will affect the credit score points.

Here are some ways to avoid credit card overlimit fees:

Do not choose the option agreement.
Your credit card issuer can not charge overlimit fees unless you agree. If you do not notify the credit card issuer that you want to keep overlimit transactions processed, the transaction will be declined (declined) and you will not be charged overlimit.

Know your credit limit.
Not knowing the credit line is a disaster waiting to come. To find a credit limit, see your credit card bills. Because creditors sometimes raising and lowering credit limits, is a good idea to monitor your credit limit on a regular basis.

Up to the memorial service transactions.
Some of the credit card to the cardholder sends alerts when customer transactions in a certain percentage or a certain amount of dollars have approached the credit limit. If your credit card offers the kind of service of this notice, sign up now.

Keeping credit card usage remains low.
Use a low gives you room to make purchases without exceeding the credit limit. Not only that, it's also better for your credit score good credit card use approximately 30% of the credit limit or lower.

If you are not sure, check.
Whenever you are aware of usage and credit limits, check before making a purchase. Many credit cards have a call center 24/7 to check the type of customer information. Use the customer service number on the back of credit cards. If you have a cell phone, you can even make a call from the store before making a purchase.

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