En résumé
This is a legitimate charge from Over Limit Fee.
What is an Over Limit Fee?
An 'OVER LIMIT FEE' is a charge applied when your credit card balance exceeds the maximum credit limit assigned to your account.
While many transactions that exceed the limit are simply declined, some banks allow the transaction to go through but penalize you with this fee.
Consent and Credit Impact
In many jurisdictions (including the US and India), banks cannot charge this fee unless you have explicitly 'opted-in' to an over-limit facility.
Fees are often calculated as a percentage of the over-limit amount or as a flat rate (e.g., $25–$35 or ₹500). Consistently exceeding your limit damages your credit score.
- Step 1 Review your credit card terms or banking app settings to see if you accidentally enabled the 'over-limit facility'.
- Step 2 If you did not opt-in, contact your bank to dispute the fee, as the transaction should have been declined.
How can I prevent this from happening again?
Set up push notifications or SMS alerts for when your balance reaches 80% or 90% of your credit limit.
Dispute Rights & Fraud Prevention
If you suspect this charge is fraudulent or billing in error, you have strict federal rights protecting your account.
Always review your statement carefully and take action within 60 days.
What should I do if I don't recognize this charge?
First, check with family members or anyone authorized on your account. If the charge remains unrecognized, contact your bank immediately to report it. Under the Fair Credit Billing Act (FCBA), you have 60 days from the statement date to dispute unauthorized credit card charges.
How long does it take for a disputed charge to be removed?
Once you file a dispute, your bank must acknowledge it within 30 days and resolve it within two billing cycles (not exceeding 90 days). During this time, the disputed amount is usually placed on a provisional hold, meaning you do not have to pay it.
Répertoire indépendant non affilié à Over Limit Fee. Les libellés varient selon les banques.
Sources vérifiées
- CFPB: Disputing Credit Card Charges https://www.consumerfinance.gov
- FTC: Fair Credit Billing Act https://consumer.ftc.gov