Q: If I've already agreed to fees for going over my credit limit on a credit card, do I have the right to change my mind and tell the issuer to deny transactions that would trigger a fee?
A: Yes, you have the right to choose how you handle transactions that would put you over your credit limit. Under a 2009 law, consumers have to agree to over-limit fees. If they don't, transactions that would exceed their credit limits would be rejected, thus avoiding over-limit fees.
To change this, instruct your card issuer to deny any transactions that would exceed your credit limit and trigger a fee. In addition to making sure you monitor your credit
, you should also monitor your credit balance and how close you are to the limit.
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