Tip Number Three
In the past, you wouldn’t know if a purchase put you over your credit limit until you received a big fee on credit card statement.
But that’s changed. Now, if a purchase will put you over your climit, your purchase will be declined. With the new Credit Card Act of 2009, only pre-authorized purchases will be approved.
(Remember, this doesn’t apply to your debit card. You’ll receive no warnings if a purchase will overdraw your checking account. )