Hi all, I have just seen my statement for February and notice that although I kept my spending on this card to it's limit, I have been knocked overlimit by 4.50 approx.
Now, the limit is a measly 200 and I have paid off the balance in full every month ever since I opened the account in June (Basically for sundries).
Because of this, my interest rate has always been 0% as I have paid it all off in full each month. My February statement even shows the full balance being paid into my account on 15th January 2004 - 13 days early!!!!
This 4.50 I have been charged is "Purchase Interest" at 29.9% APR. I have just called CapitalOne to be put through to an Indian call centre (YUK!) and the automaton at the other end said basically "Tough s**t", we'll send out a letter explaining the charges etc etc etc.
Have they done this to anyone else who pays off their balance in full, in order to knock you overlimit and charge you a 20 overlimit fee, so they can squeeze some money out of you?
Answers on a postcard please......
Simon