A. asked:


I know that it can hurt your credit and raise your interest rate if you charge more than your credit limit.

However, what if you are just under your credit limit and then the credit card company adds their monthly interest fee which puts you over the limit? Is it considered the same thing? Or does the company (Chase) not charge you over-limit fees if it is their interest that put you over?

Example:
Credit limit: $1000
You charge: $975
Monthly interest charge: $50
New Balance: $1025

Thanks!

Shane