Why Credit Card Over-Limit Fees Are ‘Essentially Extinct’

Credit card over-limit fees, charged for maxing out your account, once cost consumers billions of dollars a year. But they barely exist anymore, and one financial regulator even calls them “essentially extinct.” But that doesn’t mean exceeding your credit limit isn’t a problem. It invites plenty of trouble beyond the embarrassment of a clerk handing…

from NerdWallet


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