What is an Overlimit fee and when is it charged? How much will I be charged? Are there any exceptions?

Overlimit fees only apply for credit card accounts opened prior to 1 July 2012.

An overlimit fee is charged when the outstanding balance of your credit card exceeds your approved credit limit.

You’ll be charged a $40 overlimit fee each statement period when your credit limit is exceeded, debited to your account on the date your credit limit is exceeded and on each statement date in subsequent statement periods if your account remains overlimit. Visit our credit card fees and charges section for more information on how to avoid fees.

To find out more, see ‘Credit Limit and other limits’ within our Credit Card Terms and Conditions and Other Important Information

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