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In most cases you will receive a over limit fee.Sometimes if you call the credit card company and ask, they may give you credit if this is your first time .and have always paid on time.

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17y ago

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When Henry had charged 612 dollars to his credit card the cost of his next purchase caused him to exceed his credit limit to 2000 dollars?

To determine the cost of Henry's next purchase that caused him to exceed his credit limit of $2000, we subtract his current balance of $612 from the limit. This means he could spend up to $2000 - $612 = $1388 without exceeding his limit. Therefore, any purchase over $1388 would lead him to exceed his credit limit.


Can you overdraw on a credit card?

Yes, but the card issuing bank would charge you over limit fee and other additional fees if you exceed your credit limit


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What is over the credit limit?

Put simply - it means you have exceeded the limit set by the card company. For example - if your balance is 400, and you have a limit of 500 - then spend 150 - you exceed your limit by 50


What happens if you exceed the 401k contribution limit?

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Henry had charged 847 dollars to his credit card The cost of his next purchase caused him to exceed his credit limit of 1000 dollars?

If Henry had a credit limit of 1000 dollar and charged 847 dollars to his credit card, without exceeding his credit limit he would have 153 dollars credit available for his next purchase.c>1000-847


What does available credit mean from your bank?

Available credit refers to the amount of credit that you can still use on your credit card or line of credit. It is calculated by subtracting your current balance and any pending transactions from your total credit limit. For example, if your credit limit is $5,000 and you have a balance of $1,000, your available credit would be $4,000. This figure is important for managing your spending and ensuring you don't exceed your credit limit.


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Henry had charged 612 dollars to his credit card The cost of his next purchase caused him to exceed his credit limit of 2000 dollars?

2000<612+c