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CapitalOne sent its credit card holders the notice shown below in the second half of July 2007.

• As a valued Capital One® customer, you deserve choices.
  • Now you have a choice with your overlimit policy. This policy determines whether some of the transactions that take you over your credit limit are approved or declined.
• Your current overlimit policy allows you the ability to charge just slightly over your credit limit.
  • However, your account will be assessed an overlimit fee if your balance exceeds your credit limit at anytime during a billing period.
• You can change your policy.
  • Just call us at 800-251-6599 by August 31, 2007. With this change, most overlimit charges will be declined. This will help you avoid overlimit fees. Please be advised that it can take up to 2 billing cycles for this change to take effect.
  • After August 31, call the number on the back of your card to change your policy to decline overlimit charges.
• If you change your policy, certain transactions could still take you over your credit limit.
  • Some examples include, but are not limited to:
    • pre-authorized hotel charges
    • gasoline charges made at the pump
    • charges that are manually imprinted
    • credit card fees and finance charges
• The best way to avoid overlimit fees is to check your balance often to ensure you do not exceed your credit limit.

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Revision r1.1 - 02 Aug 2007 - 03:57 by EliMantel  Privacy Policy

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