will a credit card with 500 credit line work?

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  • will a credit card with 500 credit line work?


Answer #1 | 22/12 2013 14:52
No. The total amount charged--the product, tax, shipping, etc., must be under $500. Try calling the credit card company and getting your limit raised enough to cover the entire purchase. Hope that helps.
Positive: 83 %
Answer #2 | 22/12 2013 15:02
$500 is the max you can charge, including the merchandise,, taxes, and shipping costs. If you go over that amount, you will be charged an overlimit fee.
Positive: 77 %
Answer #3 | 22/12 2013 16:04
If you can make a payment before the charge goes thru and it will be under the limit, that would be the best way to go
Positive: 57 %
Answer #4 | 23/12 2013 03:08
No. Will be declined. Not sure what part of "credit limit" you don't understand. If you have a $500 limit - then that's all you can spend.
Positive: 25 %
Answer #5 | 23/12 2013 08:38
Chances are it will be declined, because 500 suggests this is a relatively new account. If the account was established and had a good track record, sometimes they let something go slightly over the limit, and may still charge an over-the-limit fee. If you have the actual cash to pay off something costing over 500, then I'd say use cash until your credit limit is raised. You might also call the credit card company to see if you can get a one-time approval to go over. Your chances are better if you are proactive like that. They might even raise your credit limit, if it's been static for a long time. However, don't do it if you don't have the cash to pay off the balance immediately. We did this once in our life, and were approved, but had enough in a savings account to easily pay off the purchase.
Positive: 10 %

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