Capital One Bank overauthorizes then charges high late fee

seeker

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Jun 13, 2008, 10:15:14 AM6/13/08

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Hi i have noticed that Capital one routinely authorizes more than the
account limit only to assess a $39 late fee

George Grapman

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Jun 13, 2008, 10:51:09 AM6/13/08

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seeker wrote:
> Hi i have noticed that Capital one routinely authorizes more than the
> account limit only to assess a $39 late fee

Don't go over your limit.

George Grapman

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Jun 13, 2008, 10:52:07 AM6/13/08

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seeker wrote:
> Hi i have noticed that Capital one routinely authorizes more than the
> account limit only to assess a $39 late fee

Read your account agreement, you allowed them to do that.

ChairMan

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Jun 13, 2008, 1:22:48 PM6/13/08

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In news:604bc868-3816-4b98...@j22g2000hsf.googlegroups.com,
seeker <mothman...@yahoo.com>spewed forth:

> Hi i have noticed that Capital one routinely authorizes more than the
> account limit only to assess a $39 late fee

It's probably not a late fee, it's probably an over your limit fee.
Don't like the fee?

clams_casino

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Jun 16, 2008, 6:34:37 AM6/16/08

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George Grapman wrote:

Don't do business with Capital One.

seeker

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Jun 17, 2008, 10:45:43 AM6/17/08

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On Jun 13, 9:51 am, George Grapman <sfgeo...@paccbell.net> wrote:
> seeker wrote:

> > Hi i have noticed thatCapitaloneroutinely authorizes more than the

> > account limit only to assess a $39 late fee
>
> Don't go over your limit.

The thing is, when you call for your account balance to get available
credit,it is not always accurate... so you think you have more
available than you actually have

Cindy Hamilton

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Jun 17, 2008, 1:29:06 PM6/17/08

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I'll do George Grapman one better:

Don't get so close to your limit. If you have to call the credit card
issuer
to find out if you're close to going over, you're too damn close.

Likewise, if you have to call the bank to find out what your checking
account
balance is supposed to be, you need to get in the habit of reconciling
your
checkbook against your statements every single month.

Cindy Hamilton

h

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Jun 17, 2008, 3:52:30 PM6/17/08

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"Cindy Hamilton" <angelica...@hotmail.com> wrote in message
news:f9a0c75f-af13-4411...@r66g2000hsg.googlegroups.com...

Or, better yet, use your credit card for everything, get the cash back, then
pay it off each month using online payment drawn on your checking account. I
use my checking account 4 times a month - for the mortgage payment (no
online options), phone payment, utility payment, and credit card. Everything
else is charged to the credit card. Why doesn't everyone do that? Don't they
like getting cash back?

Cindy Hamilton

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Jun 18, 2008, 1:54:00 PM6/18/08

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On Jun 17, 3:52 pm, <h> wrote:
> "Cindy Hamilton" <angelicapagane...@hotmail.com> wrote in message

Well, yeah, that's what I do. However, I submit that anyone who is
skating
so close to the edge that they have to ask what their balance is,
needs
to take a hard, disciplined look at their financial habits.

Cindy Hamilton

SpammersDie

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Jun 18, 2008, 7:33:09 PM6/18/08

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>Well, yeah, that's what I do. However, I submit that anyone who is
>skating
>so close to the edge that they have to ask what their balance is,
>needs
>to take a hard, disciplined look at their financial habits.

These fees serve a useful form of economic Darwinism - redistribute wealth
from those who can't manage money to those who can.

I wish the government tax code worked that way.