Understanding the fees associated with your Capital One credit card can help you make informed decisions about your credit card usage. Here’s a quick overview of some of the fees you may encounter, when they apply and how to avoid them.
Types of credit card fees
Most fee information can be found digitally in 2 key places:
Card membership fees: While many Capital One credit cards do not have any membership fees, some cards do have a membership fee for the benefits and rewards offered. Card membership fees are usually charged either monthly or annually. The fee amount and frequency depends on your card; check the terms and conditions of your credit card for specific details.
Late payment fees: Payments must be made by 8 p.m. ET on the date on your billing statement to be considered on time. If your payment is received after 8 p.m. ET, you may be charged a late fee.
Knowing your payment due date and carefully reviewing your billing statement each month may help you to avoid these fees. Consider setting up a one-time scheduled payment or ongoing automatic payments to manage payments more easily.
Balance transfer fees: If you initiate a balance transfer to move debt from one credit card to another, you may be charged a balance transfer fee by the credit card company receiving the balance transfer. See pricing and terms associated with your Capital One balance transfer offer for details and eligibility.
Cash advance fees: If you use your credit card to withdraw cash against your available line of credit, you could be charged a cash advance fee. Transferring money to people or businesses with apps like PayPal or Venmo may also be considered a cash advance. Money orders and wire transfers could also be charged a cash advance fee.
To find your cash advance fee and to determine eligibility, review your card’s terms for more details.
Capital One doesn’t usually charge certain fees
Foreign transaction fees: Fees charged on transactions made outside the country are called foreign transaction fees. None of Capital One’s US-issued credit cards include this type of fee.
Over-limit fees: If a credit card balance exceeds the limit on the card, you may be subject to over-limit fees. Capital One cardholders are usually not charged over-limit fees and eligible cardholders may be able to exceed their credit limit. See your card terms or account details for more details.
If your account is eligible to go over the limit, you can use the Confirm Purchasing Power tool to check if an over-limit purchase may be approved.
Processing fees: These fees are usually paid by businesses and merchants on each transaction but in some instances may be passed to the customer.
Where can I find the fee amounts on my credit card?
Most fee information can be found digitally in 2 key places: