Tips to Minimize Your Fees

Keeping Your Account Fee-Free
Of the fee types that you can be charged, Past Due Fees (for paying your bill late) and Overlimit fees (for going over your credit limit) can easily be avoided.

Understanding Past Due Fees
If your minimum payment isn't received and processed by the due date on your statement you will be charged a Past Due Fee. Past Due Fees are applied to your account on the date your payment was missed. They are added to your outstanding balance, and you're charged interest on them—similar to when you make a purchase with your card.

Avoiding Past Due Fees
Be sure to check the due date on your monthly billing statement—it may not be the same from month to month.

Different types of payments are processed differently. There are a variety of ways to pay your bill: online, by mail, by phone, in person, or by wire.  Learn more about the different ways you can make payments and how long they take to be processed.

Understanding Overlimit Fees
Your credit line is the dollar amount you are authorized to spend on your card. If you go over this limit, you will be charged an Overlimit Fee.

Remember that if fees are charged to your account, they become part of your balance, and can cause you to go over your credit line.

If you are ever charged an Overlimit Fee, it is added to your account on the due date of your monthly statement. That means youi'll never be charged more than one Overlimit Fee per billing cycle.

Avoiding Overlimit Fees
Be sure you know what both your credit line and your balance is. And do not make purchases that will take you over your limit.

Capital One offers customers the choice to remove the ability to bring their account Overlimit with particular transactions. The OL (Overlimit) Opt-out program will allow customers to enroll in this through a dedicated VRU at (866) 540-2505.

There are special circumstances where an account may still exceed its credit limit.

• Finance charges and fees assessed to the account may bring balances above the credit line.
• Certain transactions could still take one over their limit. Some examples include, but are not limited to: pre-authorized hotel charges; gasoline charges made at the pump; charges that are manually imprinted.
• A reoccurring bill is preauthorized and may post to an account.  A reoccurring charge is one that was previously set up to come out of an account each and every month. 
• Situations where there is a lag between an authorization and the posting of the transaction, where additional transactions or charges post in the interim.

Please remember, if an account does exceed its credit limit for any of the reasons just listed, over limit fee may be assessed to the account.