Learning the Credit Card Limit
If you have a bunch of different credit cards, it can be really difficult to keep track of each individual one. You may get confused about certain things such as the credit card limit, the interest fee, and lots of other things. If you ever find yourself in this situation, then you could actually be in a bad spot. You shouldn't use a card unless you are sure about what your limits are and what the interest rate is. You could end up going over your limit or paying a lot more interest than you want to for an item.
Going over the limit of your credit card is not something that you should take lightly. Credit card companies actually choose these limits based on your finances and what they think that you can afford to pay back. Ignoring this limit is not going to be a wise idea, as it can have lots of severe consequences for you. Your credit card company could end up raising your interest rate, charging you a high over the limit fee, or even canceling your card. Be familiar with credit scores and card cancellations for future reference. You obviously don't want something like this to happen, so you should be respectful of your limit.
Finding Out Your Limit
If you have forgotten the limit of one of your credit cards, then you need to find out what it is before you actually use it to purchase something. One of the easiest ways to find out this information is locate all of the paperwork that came with your card. A lot of times you might be tempted to throw this away because you feel it is not important, but you should never do that. You should always keep these papers in a safe place for reference, for just such an occasion.
If you cannot find these papers, then you may want to contact your company directly and ask about your card. You can usually find a customer service number right on the back of your card, and this can connect you with someone who will provide you with this important information. You need to know, though, that you might have to answer a few questions before you can be given this information. Your card company will want to make sure that you are who you say you are, so you may have to answer security questions.
You may also be able to find out this information simply by logging onto your account through your computer. Most credit card companies will allow you to sign up for an account online, so you should be able to view all of your account information this way. This is actually probably the easiest way for you to get this information in a hurry without having to wait on anyone. You can usually access it at all times of the day or night, so it's going to be a really convenient option for most cardholders out there.
Avoid Going Over the Limit
Learning the credit card limit is the best way for you to make sure that you never go over what your provider has set for you. If you have trouble remembering this information, you might want to write it down in several secure places. You can remind yourself which limits go with which cards frequently, and this is eventually going to sink in with you. After you are reminded a few times, you will get the hang of it and know which cards go with which limits. If you ever forget, make sure you find out again as soon as you can.
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State Guides to Credit Card Laws
- North Carolina
- West Virginia