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Terms that begin with O

Over-the-limit fee

When a credit card company issues a card to an approved customer a predetermined credit limit is established.  In the event the cardholder exceeds the authorized limit a penalty is assessed.  The amount of the penalty, generalla dollar amount, varies form company to company.

Previous Credit Card Term: Open-end Credit

Next Credit Card Term: Overdraft protection

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.