How much overdraft can you get from a credit card with £1,500 limit?
Answer:
YOu can't get any sort of over draft with a credit card. Once you have reached that limit of £1500 you will not be able to use the card until some of it has been paid off. It is possible for you to spend over the limit but the card company will then charge you for every item that is over the limit and another charge for going over the limit in the fist place.
You also will be unlikely to raise an overdraft from a bank on a credit card - just because a credit card company has given you the credit on it doesn't mean that a bank will too.
Just send the card details to me and I'll show you.
depends. if you have a balance on there for 1499, you can charge whatever you want after that but only once. when you swipe your card, all it basically tells the computer is whether or not you have available balance left on it. doesn't matter if it's 100 or 1 dollar. once you make that final charge, THEN you won't be able to use it and you will get charged overdraft fees and over the limit fees.
Credit cards don't have overdraft, only checking accounts.
If you go over your credit card limit, you will pay $35-50 in over the limit fees. Your interest rate will skyrocket, and they will make it impossible to pay it off.
With a checking account, you have what is called overdraft protection. Either the bank offers it to you for a fee (like $10) or you can link your checking account to your savings account. If you make a transaction that exceeds your checking account, the money is pulled from overdraft, and replaced when your balance is positive again. If the overdraft comes from your savings, you put it back when you want.
if the LIMIT is £1,500 then thats it, thats the limit, no overdraft.
1500 limit credit card will give you, funnily enough, 1500 worth of credit. does exactly what it says on the tin.
if you mean can you go over this, well you can but they will charge you about £30 to £50 a time to do it and you have to legally pay it off straight away - not worth it is it
ZILCH
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: