John Wittgap, WalletHub Analyst
@j.wittg
Capital One Quicksilver does not have an over limit fee. Typically, an issuer will charge this fee for any transaction that exceeds the credit limit. The over limit fee is usually around $25 the first time you go over the credit limit. It can increase to as much as $35 if a second over-limit transaction occurs within the next six months. But with Quicksilver, you can't go over limit anyway; any transactions you make that exceed the card’s credit limit will simply be declined.
Capital One Quicksilver Cash Rewards Credit Card
People also ask
Can you overdraft a credit card?
You can’t overdraft a credit card. The term “overdraft” actually applies more to bank accounts. Credit card issuers tend to use “over limit,” since you’re spending more than your credit limit. Whatever you call it, most credit cards don’t allow the practice. So if you try to exceed your credit limit, your transaction will just be declined. And even if your card doesn’t forbid it, you still have to opt-in to be able to spend...
read full answerHow much can I go over my credit card limit?
How much you can go over your credit limit depends on the credit card you have. Most credit cards will not allow you to spend over the limit. While some issuers allow you to opt-in to go over the limit, you will be charged over the limit fees that are usually quite high.
What you should know about going over your credit limit:
- It is best to avoid spending over your credit...
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