Last month I got my Spark Business Classic credit card. Today I was looking for LOC topics in this fourm and one member mentioned that Captial One offers LOC with Invite only. So, I went in and opened checking and savings account for business (These are free. No monthly fee or anything for both). My idea is to pay the credit card using this business account. App went fine and both savings and checking accounts are open now. Not sure if they will come back and ask for more documents.
My question is, they allow me to link my savings account for over draft protection as well as courtesy overdraft protection. Any idea what is this 'courtesy overdraft protection'? Is it same as LOC? Proper use of courtesy overdraft protection will lead to LOC? Please share your experience so that I can plan my expenses through Captail One.
