Comments on: What happens if the interest charge puts my credit card over its credit limit? http://www.gettingbestcredit.com/credit/what-happens-if-the-interest-charge-puts-my-credit-card-over-its-credit-limit/ Call 888-653-9681 To Get Debt Help Now! Sun, 19 Feb 2012 11:44:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stephanie http://www.gettingbestcredit.com/credit/what-happens-if-the-interest-charge-puts-my-credit-card-over-its-credit-limit/#comment-2510 Stephanie Sun, 24 Jul 2011 06:03:36 +0000 http://www.gettingbestcredit.com/credit/what-happens-if-the-interest-charge-puts-my-credit-card-over-its-credit-limit/#comment-2510 It is never good to be over your credit limit. This can cause a problem and make you loose points on the credit score scale. Your FICO report will be a bit of a loss even if you go over 50% of your credit limit. This being said, your New Balance will raise as you've noticed. This new balance will be your future limit. So after you pay it all of, your limit will be at $1025 even if your limit is not here. It is never good to be over your credit limit. This can cause a problem and make you loose points on the credit score scale. Your FICO report will be a bit of a loss even if you go over 50% of your credit limit.

This being said, your New Balance will raise as you’ve noticed. This new balance will be your future limit. So after you pay it all of, your limit will be at $1025 even if your limit is not here.

]]> By: Ryan M http://www.gettingbestcredit.com/credit/what-happens-if-the-interest-charge-puts-my-credit-card-over-its-credit-limit/#comment-2509 Ryan M Fri, 22 Jul 2011 17:37:52 +0000 http://www.gettingbestcredit.com/credit/what-happens-if-the-interest-charge-puts-my-credit-card-over-its-credit-limit/#comment-2509 Over the limit (no matter how you got there) is over the limit. The interest is a charge just as every other charge. If you used the card responsibly and never went over 30% of your limit, you would not be in this situation. Over the limit (no matter how you got there) is over the limit. The interest is a charge just as every other charge. If you used the card responsibly and never went over 30% of your limit, you would not be in this situation.

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