The BankAmericard over limit fee is $0. If you spend above your available credit limit, your transactions will be declined. You will not be able to make any more purchases until your balance is below the credit limit. Bank of America does not charge a fee or a penalty APR for over the limit transactions.
Some issuers, however, will charge this fee for any transaction that exceeds the credit limit. It’s usually a $25 penalty the first time you exceed the credit limit. It can increase to as much as $35 if you go over the credit limit a second time within the next six months.
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