A going over credit card limit is an ordinary plastic card with a credit limit. Today every person in his life uses a credit card and more often has several credit cards. One of these credit cards can be a going over credit card limit.
How to choose a going over credit card limit?
When choosing a going over credit card limit, you need to pay attention to the following parameters:
The interest rate is the price of the loan that you pay the bank for using the money. The lower the interest rate, the better.
The credit limit is the maximum amount that you can borrow from a bank. The credit limit depends on your ability to pay.
An interest-free period is a period of time during which you can use borrowed funds for free. Usually it is 50-60 days.
Availability of additional options for the card. Additional options include SMS-informing, Internet banking, bonus programs and other options.
A going over credit card limit must have all of the above functions.
What are the additional options for a going over credit card limit?
A nice addition for a going over credit card limit can be additional bonuses. For example, the function Cash Back thanks to which a certain percentage of the purchases returned back to the card. The card can be charged interest on the positive balance of funds on the card account. Card service can be free of charge. The card can have a contactless payment function. Or another bonus program may be offered for the going over credit card limit.