Can you get an overdraft for a credit card?
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valeria
Apprentice
Joined: 10 Dec 2004
Posts: 9
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 Posted: 11/12/07 - 11:27 Post subject: |
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| Recently I have opened my new account and I received a credit card with my first sum of money in it. Unfortunately, I think I’ll be forced to go overdraft immediately, since there are things to repay that I forgot a long time ago. I am not sure if I can get an overdraft for a credit card, especially so fast after opening an account. |
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eadie
Apprentice
Joined: 23 Aug 2006
Posts: 8
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| Posted: 12/12/07 - 04:58 Post subject: |
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| Overdraft had to be arranged between you and your bank, now, I’m not sure either if you are allowed to get an overdraft so soon, but I believe that you have the right to exceed your balance until certain border. That’s where you’ll know, or you’ll be able to calculate, your losses after you finish your overdraft and get back on positive account state. It insures you to know how much of interest will surprise you when you try to cover your overdraft in next occasion. |
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