credit card company adding intrest then charging you for now going over the limit

plymouthmike

am not sure if the users of this site think this practice is okay? i have an aqua credit card each month on the main overview of my account iam told what my balance is,what my credit limit was,and what money i have available to spend (if i want) iam told by them! what the minimum amount is- that i need to pay and what the due date is to make this payment.if i keep within these parameters and pay what the company tell me to pay(in time)-i think iam doing nothing wrong to warrant getting any penelty charges-yet a week or so after i pay the required amount and even if i dont make any more purchases after the min payment amount was calculated the credit card company then decides to add the intrest for the month thats just gone-and with my balance having to stay near to the agreed credit limit the addition of that months intrest then pushes my balance over the agreed credit limit by a few pounds! and i incur a penelty payment of £12-although there is another page you can go to on this webside that advises you what the intrest is estimated to be i find it frustrating that the card company make no provision for the addition of intrest(that they know will occur and might or proberbly would push your balance over the agreed credit limit)-if you were advised after the addition of intrest that you have now maybe gone over your agreed limit by a few pounds and IF you could make an immediate payment to bring your balance under this figure-or a penelty will be added! but that doesnt happen they just charge you £12.--they want you to use the card,they add intrest and i understand that- they tell you how much you can spend and dont decline a purchase if you go right up to your agreed credit limits-but when they choose to add the intrest a week or so after you have made the min payment that they calculate for you! and that then! puts your account over the agreed credit limit/-even if i dont log on to check my account balance and i have a standing order set up for them to automatically take the min payment as required does every one think this is still acceptable? or right? to should incur these charges?

grumbler

If you want your post to be read, break it to paragraphs, add some punctuation marks and capital letters.

Yes, this practice is OK IMO. The limit is for the reference only (like an agreed overdraft limit) and it's up to you to make payments sufficient for staying under the limit or to go over it.