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can someone plz explain this term in more detail.
I was under the impressin that this applied to late or missed payments.
I was recently informed it applies to going over the CL ?
so say if one of your CC goes over the limit ( & you cure it right away)
this gives other creditors the right to raise your interest rate automatically because you went over the limit ?
This might be harder for CC companies to do, since the credit reports often don't accurately show credit limits. Some CC companies don't even report credit limits, to prevent others from making offers to their customers. Your other companies don't have access to your statements, only what is reported. Is there a CR field even indicating over the limit? FICO appears to use high balance if there is no credit limit given, but a current balance matching a high balance does not indicate over your credit limit.
In the end, what companies can get away with depends on what customers will put up with. If you have better offers from other banks, and one bank pulls something, they're history. Make yourself an attractive customer, and you will get the best terms.