You may go over your card’s limit if you’ve opted for an over-the-limit arrangement with your card provider. If you go over the limit with this provision in place, the Consumer Financial Protection Bureau (CFPB) stipulates how much an issuer might charge as fees. For 2022, the first such instance would incur a fee of no more than $30, and you’ll need to pay a maximum of $41 as fees for any subsequent occurrence in the following six months.
If you’ve not opted for an over-the-limit arrangement and your account goes over the limit because of interest charges, account-related fees or recurring charges, your card issuer cannot charge an over-limit fee.