My Capital One Credit Card has gone 2.39p Overlimit. I don't get paid till tomorrow and thats whem I'll make a payment of 42.20p and another payment of 36.30p (78.50p in total) on Tuesday (Thats when my wife gets paid). I know it takes 3 days for the money to be credited to the account.
I've been reading the T&C and it says "If you exceed the credit limit you may be charged an overlimit fee". Will they still charge a fee (12) for this small amount? I've only had the card since mid Jan '08.
More than likely - they're within their rights - and the fee will be imposed by a computer which just applies the rules without using any discretion. It's possible they may waive it if you ring up and grovel once it appears on your statement.
It takes 3 *banking* days to transfer the money - and this Friday and next Monday are bank holidays - so you're looking at Thursday of next week before it arrives.
It's generally a good idea to keep your nose completely clean with a new credit card for at least the first year, in order to build up a good record.
Have you gone over the limit? If you have gone over the limit then of course they`ll charge you the fee, it`s automatic. If you ring up and talk to them you`ll probably find they`ll refund it this once, but be aware they won`t do it again in the future unless you`re a big spending customer, which is unlikely with a Capital one card.
Not so... Once I made a online payment via Capital One's website on a Friday, it shown up on the online statement on the Saturday and cleared on the Sunday!
You're wrong about Bank Holidays! Thursday, made a online payment on Capital One's website. Shown up onmy online statement yesterday, (Good Friday) and has cleared today (Saturday)!
BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.