Do you remember using your bank card or credit card somewhere, and being mildly embarassed when the charge was refused because you had either overdrawn your bank account or gone over your credit card limit? Well, I hate to admit it, but I experienced that a time or two in my younger years, especially when I was on vacation.
However, I am much more aware of my bank balance or credit limits these days. And in fact, I try to avoid using credit cards whenever I can. However, I have learned that people do not suffer the embarassment of having charges refused as much these days. In fact, banks and credit card companies will let you overdraw your balance or go over your limit! Why do they do this?
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