I was moving recently, and gave a Chase CC number to moving company, My limit was low, 1300, but I was planning to move over credit limit from another chase CC to this one, or if denied just use the other one.
The company charged a bit earlier than expected ($2000), and now I'm about $1800 over credit limit and been hit with a $40 overlimit charge
It does not make sense to me that the CC would allow a $2000 charge to go through on a $1300 limit card with a $1100 existing balance and only $200 limit remaining.

ANyone encountered this before ?

So you gave the moving company a CC which, at that time, did not have sufficient available cedit to cover the moving company charge. In fact, it had a $200 avail. credit and you used it for a potential $2000 charge. It is now Chase's fault for the overlimit charge!!

skullcandy said:
ANyone encountered this before ?

The sheer stupidity of this post? Rarely, but I would say YesYesYes (wink wink).
The over-limit fee being charged when you go over your credit limit? Well, ahem, I would have to say yes, since it is the definition (and even the etymology) for over-limit fee...

It would have been easier to give them the correct card in the beginning.

Lesson learned.

jason243 said:So you were just hoping to get to delay payment by expecting the card to be declined?
Even if you payed your cc to $0, you still would have been over the limit!
You were trying to get away with something or just plain financially dumb, which?

The company was supposed to charge when the stuff was moved, and it has not been (just in storage now).
As I said, I was planning on moving over my credit from other cards to this card (this is the one I use), so that when my card was actually charged, I would have been well within the new limit.

damn that police who gave me a ticket for going 70 in a 65 zone, I blame the officer for not stopping me just prior before I reached 66, and I blame the car manufacturer for allowing the car to go 70 in a 65 zone, it is all their fault.

anyone else encountered this before?
When I have a card with $x credit limit, I expect that limit to be honored, and not get hit with a finance charge if I somehow charge something over the limit.
If I buy a motorbike with a 60m/h stated speed limit for my son, I dont expect it to go to 120m/h. I dont want it to go beyond 60m/h

skullcandy said:
When I have a card with $x credit limit, I expect that limit to be honored, and not get hit with a finance charge if I somehow charge something over the limit.
If I buy a motorbike with a 60m/h stated speed limit for my son, I dont expect it to go to 120m/h. I dont want it to go beyond 60m/h
So then, here is what you are looking for.

skullcandy said:When I have a card with $x credit limit, I expect that limit to be honored, and not get hit with a finance charge if I somehow charge something over the limit.
If I buy a motorbike with a 60m/h stated speed limit for my son, I dont expect it to go to 120m/h. I dont want it to go beyond 60m/hThe limit is for you to honor, not the credit card company.

Why is everyone blaming the OP?
It is because we all get used to and allow the banks to take advantage of us. I seriously think "over-limit" charge is an abuse.

Will a bank allows you to withdraw more money than you have in your saving account?? No, they won't because they cannot charge you fees for that.

Why can't those banks just decline the transaction when you are over the credit limit?? (Or at least give us an option to automatically decline any overlimit transaction)
Because banks love to and want you to get a little over the limit, so they can collect over-limit + finance + etc fees!

SantaLink said:Why is everyone blaming the OP?
It is because we all get used to and allow the banks to take advantage of us. I seriously think "over-limit" charge is an abuse.

Will a bank allows you to withdraw more money than you have in your saving account?? No, they won't because they cannot charge you fees for that.

Why can't those banks just decline the transaction when you are over the credit limit?? (Or at least give us an option to automatically decline any overlimit transaction)
Because banks love to and want you to get a little over the limit, so they can collect over-limit + finance + etc fees!

Or maybe people can use CCS as intended. I blame OP because what he did is stupid and invited the problem. Why do you stick up for OP? Do his actions remind you of your own?

SantaLink said:Why is everyone blaming the OP?
It is because we all get used to and allow the banks to take advantage of us. I seriously think "over-limit" charge is an abuse.

Nobody said anything about banks and fees being "fair". It is a fact of life, you just have to be careful. OP signed an agreement which listed fees etc. You might say the fees are abusive, but you will never incur them if you know what you are doing. Otherwise just use cash.

SantaLink said:Will a bank allows you to withdraw more money than you have in your saving account?? No, they won't because they cannot charge you fees for that.

I fail to see the connection between a credit line and a savings account. A CC already allows you to "withdraw more money than you have" up to the credit limit. In any case, if you want to know, some banks charge overdraft fees to Savings accounts as well (e.g. Wells Fargo).

SantaLink said:Why can't those banks just decline the transaction when you are over the credit limit?? (Or at least give us an option to automatically decline any overlimit transaction)
Because banks love to and want you to get a little over the limit, so they can collect over-limit + finance + etc fees!

Some people would be whining that they "really" needed to make the purchase and how dares the bank deny them when they are willing to pay the fee etc. Don't go over your limit, if you do don't whine - end of story.