If your spending exceeds your limit, provided that the overage does not exceed twenty percent of your credit card limit, is closed in the next statement period and occurs no more than twice in a calendar year, contractual interest is charged on the excess amount for the period between the transaction date and the payment date. Apart from the interest calculated in this way, you do not pay any fee.
When does exceeding the limit become risky?
To be able to exceed the limit, the card must be set up to allow it and you must stay within the limits set by the regulation. If the excess amount is not paid in the relevant period, interest and late payment effects increase.
Turning on instant notifications in the mobile app is useful for keeping track of your limit. In installment purchases, future installment amounts may also count toward your limit usage.
A customer who regularly exceeds the limit is assessed negatively in the bank's risk model, which may prevent limit increases in the future.
