When one has a credit card and makes a purchase with the credit card, there is a balance. If the spending on this card is more than the predetermined balance, this is said to be an over-limit. Some credit card companies set the amount a card can be over-charged at a certain amount whereas others do not have such a cap. Once a card is over-limit, one may then be charged a fee for each transaction. The amount of this fee changes according to the company.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!