Over Your Credit Limit? Get Ready For Higher Interest Rates!

Over Your Credit Limit? Get Ready For Higher Interest Rates!

Next time you brush past your credit limit you may get hit with more than a hefty over-the-limit fee. The Red Tape Chronicles reports that credit card companies are starting to slap exuberant spenders with penalty interest rates. Compounding the danger to consumers, creditors are simultaneously rushing to slash credit limits.