Been doing some "recreational learning" about the new CC laws...

I like to be well informed on subjects, so every few months or so I find a topic that interests me and I research the h*ll out of it. Lately, I'm learning about the new CC laws and rules.

One "what if" thought I had I cannot seem to search and find the answer to my ponderings so I thought I'd pick the SD community minds......

In the new CC law and rules it says that unless you "opt IN" to allow your CC to go over it's limit, the CC company has to deny you at the register so you don't go over your limit. Now if you DO "opt IN", and you DO go over your limit, they are then allowed to charge you an "over the limit" fee. Okay. Good to know. Thought this was the rule on CC's anyways... but I guess not.

So then I started thinking.... if a person was close to their limit, but not over, what if their interest charges DID put them over their limit? Could they get dinged for an "over the limit" fee? It's not like the CC company is going to "deny" those charges being put on your card! And, what if for some reason you don't check your account that month, miss the fact that you are over the limit, and just pay your "usual payment amount"--which would keep you over your limit of course!

So the next month, the interest AND over the limit fee were the items that put you over your limit... would they trigger ANOTHER over the limit fee??? Would that be legal? I mean, those are monies spent on your CC that cannot be rejected due to being "over the limit". If you didn't "opt IN" to allow your card to go over the limit (with fees), how can they charge you over the limit fees for charges that cannot be rejected???

Just my mind in overdrive... thinking "outside the box"..... and in case anyone is wondering, NO! I'm not in this situation by ANY means.... just postulating theories for kicks....