Two credit card companies that are planning to stop fees when consumers spend past their credit card limits are Discover Financial and American Express.

This plan, reported by American Banker, comes months before a new law clamps down on such fees. The law doesn't require issuers to elimiate over-limit fees, but it will prohibit them from charging these fees unless consumers state they want the ability to exceed their credit limit.

It is currently not available as to what other credit card issuers will also eliminate over limit fees.

American Express says it began notifying consumers that it will do away with over limit fees in October, 2009. They also told some borrowers thier purchase APR was going up. Discover Financial says it will notify consumers soon that it will no longer charge over limit fees.

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