Credit Card Overdraft Question? I need to take some money bad of my credit card,
Will I bring charged a large fee? Or any levy at all? Help me out. :(
Tchau! :D
When overdraft is applied, you will be charged the overdraft charge and an insufance funds. Both of these charges vary. Usually around 20-25 dollars respectively.If you are getting paid tonight you may want to think roughly speaking borrowing from a friend until tomorrow.
DON'T DO IT! By going over your limit, most credit cards automatically charge a huge payment AND they'll double or triple your interest rate. The rates will not go down once you pay down the match, either!
Answer:
Do you mean you will be "overlimit"? The answer depends on how efficient your CC works. I would not chance it.
Well, you appear to be asknig about a DEBIT CARD and not a credit card. A CC you do not 'deposit' money, you make payments, and you don't "overdraft' you progress "overlimit".
Most overlimit/overdraft charges are about $35. And MOST banks charge it even if you OD by 1 CENT. Mine, however, doesn't charge if its below $5 or so.but dont count on that.
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