What does exceeded limit of credit cards mean?

What does exceeded limit of credit cards mean?

Any approved transactions above your credit limit are subject to over-the-limit (or over-limit) fees. This credit card fee is typically up to $35, but it can’t be greater than the amount you spend over your limit. So if you spend $20 over your limit, the fee can’t exceed $20.

How to remove your name from a spouse’s credit card?

You or your husband can call or write to the credit card company and ask them to remove your name. In most cases, it’s effective immediately or within 24 hours.

Who is responsible if my spouse uses my credit card?

Either the retailer or the credit card company will be responsible for any charges made without proper authorization. However, if a spouse’s name is on the card, it will not be considered an unauthorized use.

What happens to my credit card after my spouse dies?

The lender may ask for proof of your spouse’s death, such as a copy of the death certificate, before removing his name from the account and his legal responsibility for paying it. If you decide to close the account, this won’t remove your liability for the debt.

What happens if I open a joint credit card with my spouse?

You can continue to use the card if you keep the account open. It’s still yours — the company won’t issue a new card or open a new account in your sole name. But make sure it really is a joint account and that your spouse didn’t just add you to his card as an authorized user.

You or your husband can call or write to the credit card company and ask them to remove your name. In most cases, it’s effective immediately or within 24 hours.

Either the retailer or the credit card company will be responsible for any charges made without proper authorization. However, if a spouse’s name is on the card, it will not be considered an unauthorized use.

Why did my husband Max out his credit card?

When I ask my husband about them, he claims each time that the bank or company has made a mistake and he calls to have the charges reversed, but I’m suspicious. I also found a letter from a bank denying my husband an increase in a credit limit he’d requested — again, without telling me.

How much is my husband in credit card debt?

He soon confessed that he’d opened credit card accounts without telling me and he’d racked up $5,000 in debt. This might not seem like much, but my husband is a full-time college student, paying his way with student loans that we’ll have to begin repaying when he graduates next year.