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basicly, in a nutshell, my car broke down as i was coming home, and i was probably 1000 miles away from my destination, So i had to shell out money for a hotel room, and for the repairs.

I calculated the cost of everything, and since i didn’t have any money on me, i used my credit card. My calculations told me i’d be coming close to my limit ($ 2000). but i’d still be ok.

Well i checked my statement online today. Turns out i was wrong….by only $ 1.70, so i basicly went over $ 1.70

Now i’m wondering 2 things.

1) what will happen now? i just made a payment to it, to fix this overcharge….but its the weekend, so nothing will happen until monday… guessing theirs overcharge fee’s? how pricey?

2) how will this effect my credit?

thanks for the help guys

3 Thoughts on What happens when i overcharge my credit card?
  1. Reply
    Ria Me
    July 29, 2011 at 4:05 am

    Basically you’ll get slapped with a huge overcharge by the credit card usually 25-30 dollars. As far as your credit. It won’t hurt it. Just make sure you pay the bill on time. Some credit companies will report overages but it won’t be a “ding” on your credit. It’s one way credit card companies will just make money off of you due to the stupid fees they charge. Thus the reason they don’t deny the charge, even though you really don’t have the money. I remember one time I didn’t realize I was at my limit and my card went 192.00 over the limit.

  2. Reply
    Amar C
    July 29, 2011 at 4:38 am

    I use to have bad credit. Ria Me is correct in what she said. If you’re not a habitual offender of going over your credit limit it shouldn’t hurt you to bad. In regards to the late fee, again if you haven’t habitually gone over, you should call your card company and tell them that you thought you had a higher credit limit. Request that they remove the late fee. Often times if you’ve paid on time in the past and haven’t gone over your credit limit they will slide the fee imposed. Worst case scenario, they don’t budge. But if you’ve been a good customer in the past, especially if you’ve carried a balance, and been making payments they will probably remove the over limit fee. They would rather keep you than risk you closing your card or transferring your balance somewhere else. For you it’s a no loose situation. Ask for the late fee to be remove. Worse case scenario is they say no. If they deny you could threaten to cancel the card, that might change their minds.

  3. Reply
    July 29, 2011 at 4:48 am

    You will see an over charge charge.
    You will see a rate jacking.
    Pay it on time every time, or you will see interest rate soar through the clouds.
    Score will be impacted because you have maxed out your card. If it’s the only card you have, then you are at 100% debt to credit ratio, a score killer.
    But, scores don’t matter unless you are planning for a mortgage or car loan, or some other loan.
    Just pay it off and the scores will go back up!

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