Is there a way to stop going over limit

HappyMJ

Herbalus wrote: »

I didn't mean they allow it for the express purpose of getting money off you (though some will believe that). I meant they will not complain if you do it and will like that they get the fee.

They sure do complain they send a letter demanding you get your balance under the limit ASAP. I really doubt the bank's computer has feelings and I really doubt the shareholders of the bank like unhappy customers although the £12 fees do contribute towards higher dividends.

Gizmo247

Some card providers allow you to place an alert against your CC balance to text your mobile if you go over a certain level. Good as an early warning. From then on you can monitor the balance yourself more closely.

daggles21

HappyMJ wrote: »

They sure do complain they send a letter demanding you get your balance under the limit ASAP. I really doubt the bank's computer has feelings and I really doubt the shareholders of the bank like unhappy customers although the £12 fees do contribute towards higher dividends.

Could be worse...used be a lot more!!

Maestro.

HappyMJ wrote: »

Haven't you ever noticed some transactions immediately say APPROVED within milliseconds and some take about 10 seconds to come back and say APPROVED.

Actually I would say that is more likely to do with how the card machine is wired to the network. A lot of them nowadays have broadband or leased line, similar to ATMs, for fast, reliable connection to the bank. Some still use dial up though, which can result in card transactions taking almost a minute while the machine dials the connection.

Naf

Why are you so close to your limit anyway; what happens when your statement comes & your interest gets added. If you're so close already, your interest will tip you over & you'll get charged a fee, even though you didn't make a transaction for it.
I always try to leave upwards of £100 available on any card if I can't pay the full balance: a good buffer and emergency funds.

izools

Maestro. wrote: »

Actually I would say that is more likely to do with how the card machine is wired to the network. A lot of them nowadays have broadband or leased line, similar to ATMs, for fast, reliable connection to the bank. Some still use dial up though, which can result in card transactions taking almost a minute while the machine dials the connection.

If it is dialup you know it because it takes ages e.g. ~30 seconds.

But if it's LAN / Leased Line you either get immediate approval (transaction within floor limit and card doesn't have "Full Auth" BIN) or approval after a few seconds (authorised with bank).

I find with my HSBC Debit Card only transactions under £50 are instantaneously approved, larger ones take 5-10 seconds if the PDQ is on LAN not Dialip.

planteria

Herbalus wrote: »

Plus a card company will like you to go over your limit to get £12 off you.

agreed. that is half the point, of course.

Nick_C

Set up a simple spreadsheet. Maintain it every day by adding your purchases. Reconcile it every day to your on-line account.

You will be much more aware of how much you are spending, and are less likely to go over the limit.

planteria

good idea from Gizmo.

HappyMJ wrote: »

They sure do complain they send a letter demanding you get your balance under the limit ASAP. I really doubt the bank's computer has feelings and I really doubt the shareholders of the bank like unhappy customers although the £12 fees do contribute towards higher dividends.

charges are a big revenue generator for card providers. they want customers. they also want those customers to be profitable, via various means.