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The Learning Center
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GLOSSARY TERMS
Terms that begin with O
Over-the-limit feeMost cards penalize cardholders with a fee whenever spending exceeds the designated credit limit. This fee may be charged for each month that the outstanding balance exceeds the credit limit. Over the limit fees generally range from around $30 to $40. Previous Merchant Account Term: Open-end Credit Next Merchant Account Term: Overdraft protection
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