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In this case, you will have to provide another method of payment to complete the transaction. If you go over your limit and haven’t opted into the over-limit program, your card will be declined. However, there are many other consequences that can occur if you exceed your credit limit, including: Consequences of going over your credit card limitīecause you now have to opt into the over-limit protection program, you know whether or not to expect an over-limit fee. Note that even if you decide to opt into the over-limit program when you get your credit card, you can opt-out at any time by notifying your credit card issuer. You can also review your cardholder agreement to find the details on over-limit charges. If you decide to do it, the issuer must tell you the amount of your over-limit fee. Now, it is up to you and you must actively opt in before over-limit protection applies. In the past, consumers weren’t given the choice to opt out of over-limit protection. Additionally, credit card issuers can only charge you once per billing cycle for an over-limit fee. So, if you go $20 over, the fee can’t exceed $20. An over-limit fee can’t be more than the amount of the transaction. For instance, the act sets limits around how much a credit card company can charge for over-limit fees. With the passing of the Credit Card Accountability and Disclosure Act in 2009, new rules were implemented to protect consumers. If you utilize this feature, you can expect to pay high fees if you exceed the limit. This feature permits you to go over your credit card limit to complete a purchase and prevent a declined transaction. Most credit cards won’t allow you to exceed your credit limit, but some do if you choose to opt into an over-limit protection program. Luckily, there are things you can do to avoid going over your credit card limit. Going over your credit card limit can result in consequences, including high fees, a drop in your credit score, and even the closure of your account. Your credit limit is the maximum amount of money a lender permits you to spend on a credit card or line of credit.