If you exceed the agreed-to credit limit you pay a fee.
A charge imposed on some credit accounts for spending more than your credit limit
A fee imposed when your charges exceed the credit limit set on your card.
A penalization against the consumer for exceeding the amount of total credit available on a given account. These fees are usually assessed based on late fees which bring a total due balance over the consumer's granted line of credit.
When you charge more than your credit limit allows, you may be charged an over-the-limit, or over-credit-limit, fee. Your card issuer may allow you to exceed your credit limit without telling you in advance, and you may not know you have done so until you receive your bill.
A fee charged for exceeding the credit limit on the card.