What happens if the interest charge puts my credit card over its credit limit?

I know that it can hurt your credit and raise your interest rate if you charge more than your credit limit.





However, what if you are just under your credit limit and then the credit card company adds their monthly interest fee which puts you over the limit? Is it considered the same thing? Or does the company (Chase) not charge you over-limit fees if it is their interest that put you over?





Example:


Credit limit: $1000


You charge: $975


Monthly interest charge: $50


New Balance: $1025








Thanks!|||It is never good to be over your credit limit. This can cause a problem and make you loose points on the credit score scale. Your FICO report will be a bit of a loss even if you go over 50% of your credit limit.





This being said, your New Balance will raise as you've noticed. This new balance will be your future limit. So after you pay it all of, your limit will be at $1025 even if your limit is not here.|||I just had the exact same thing happen to me. I called up Chase, and they said that it shouldn't hurt my credit score because it was an interest charge. Just to be safe I paid $100 into the card to bring the balance back down below the limit.

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|||Over the limit (no matter how you got there) is over the limit. The interest is a charge just as every other charge. If you used the card responsibly and never went over 30% of your limit, you would not be in this situation.