In addition to running Parse.ly, I also run a small consulting business, Aleph Point, Inc. In the course of working on client jobs, I sometimes have to make business purchases, which I always pay in full at the end of every month. I have never carried a balance on my credit card and I never intend to.
When I signed up for a business checking account at Chase, the branch manager who I worked with (and who now no longer works there) encouraged me to sign up for a business credit card, as well. I thought, hey, why not — I’m just going to use it for small purchases like monthly hosting fees and the like.
Recently, I made a relatively large purchase at Best Buy for a client, which I was going to be reimbursed for. It was about $200. I already had a balance of $350 on my account, and a few days later my account was closing for the month.
When I looked over my account information a few days later, I found a strange charge. $39 OVERLIMIT FEE. What’s that, I thought?