We did this at DigitalOcean for similar reasons, wasn't a feature that was commonly used. Additionally, when you set that limit people then get upset because usually when they go over it for a good reason, like going viral, they aren't anticipating it, and just when their traffic is most valuable the site is down.
What Netlify is doing here is really the best approach for both parties. And typically speaking a $104k bill would be hard to get paid up regardless if the customer's typical transaction balance was $5/mo and their credit card limit wouldn't be that high.
Also, that's the benefits of credit cards - that you can still issue a charge back, and credit card companies very much favor the consumer rather than the merchant.
What Netlify is doing here is really the best approach for both parties. And typically speaking a $104k bill would be hard to get paid up regardless if the customer's typical transaction balance was $5/mo and their credit card limit wouldn't be that high.
Also, that's the benefits of credit cards - that you can still issue a charge back, and credit card companies very much favor the consumer rather than the merchant.