- Credit Card
- Real Estate
My credit card company has this language in the agreement:
You must keep your Account balance below your Account credit line.
If you do not, we may request immediate payment of the amount by which you exceed it.
Is this standard practice? How is a credit limit a limit if you can go over it? I’m thinking about trying to find a different card which will simply decline all purchases that would put me over the limit, but before I get too far into my search I want to know if such a thing even exists. Is it possible? If not, how can one put a hard limit on how much indebtedness that can be incurred in their name?