Spending Limits
You may not be able to buy as much as you want with your credit card, even if you do not exceed its available balance. Before you buy a new car or the flat-screen TV you’ve been eyeing, find out what your daily and monthly spending limits are. Some stores also restrict the amount credit card users can spend at one time, although the cashier may allow you to split a large purchase into multiple transactions.
Even people with amazing credit and seemingly unlimited credit cards may still be subject to daily or spending limits. These limits may seem unreasonable but they are actually there to protect the card holder. What if your credit card is lost and someone takes it on a shopping spree? You could end up fighting about thousands of dollars you didn’t spend.
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