November 19th, 2008
Is it ok to go over your credit limit on your credit card once?
Cassie asked:
I want to buy a few pairs of Jimmy Choo shoes online and I have to put my credit card info to do that. It’s going to be about $250.00 over my current credit limit. I have the money in cash, but since I have to use my credit card, I was wondering if going over the limit by $250 is allowed. And, if I pay it off right away in full, is that ok or will it hurt my credit score?
I want to buy a few pairs of Jimmy Choo shoes online and I have to put my credit card info to do that. It’s going to be about $250.00 over my current credit limit. I have the money in cash, but since I have to use my credit card, I was wondering if going over the limit by $250 is allowed. And, if I pay it off right away in full, is that ok or will it hurt my credit score?
