Capitol One Credit Card let us go $700 over our credit limit. What is a limit for, if they are going to let us go that far over it?
Now they are charging us $40.00/month for being over our credit limit. They have listed our minimum payments as $113.00 or so, but unless we pay the $700, we will continue to get these additional monthly charges.
How can a credit card let you go over the limit that much and then penalize us for their own stupidity? No attempt was made to contact us and let us know that we had gone over our limit at all.
They will be hearing more from me on this subject!
Product or Service Mentioned: Capital One Credit Card.