Any approved transactions above your credit limit are subject to over-the-limit fees. This credit card fee is typically up to $35, but it can't be greater than the amount you spend over your limit. So if you spend $20 over your limit, the fee can't exceed $20.
What is the minimum due on a credit card?
“The minimum amount due on a credit card is the minimum amount you are required to pay, on or before the payment due date, to ensure that you do not have to pay late fees.”
Can you spend more than your credit limit?
If you make too many over-limit charges, your credit card issuer could close your credit account. Here are the most common consequences associated with spending over your credit limit: Your credit card could be declined. You could pay an over-limit fee.
Learn more about credit cards here https://brainly.com/question/26867415
#SPJ2
