cap one overlimit protection

[jordy]

anyone have cap one call them recently about overlimit protection?

they called today and asked if i wanted overlimit protection for 29.95 a year...they would not charge a fee for going over limit...

i polietly declined... stating that i dont go overlimit and i pif before statement date...also stated the new card act...which she was like oh ok...

just was wondering if anyone else has been getting these calls?

[DI]

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@jordy wrote:

anyone have cap one call them recently about overlimit protection?

they called today and asked if i wanted overlimit protection for 29.95 a year...they would not charge a fee for going over limit...

i polietly declined... stating that i dont go overlimit and i pif before statement date...also stated the new card act...which she was like oh ok...

just was wondering if anyone else has been getting these calls?

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You did the right thing.  Capital One is looking for ways to maximize its profits.  I thought the new law prohibit them from charging over the limit fees.  I have never received a call from any bank after getting approved.  

[DI]

Limits on over-limit fees: Consumers must "opt in" to over-limit fees. Those who opt out would have their transactions rejected if they exceed their credit limits, thus avoiding over-limit fees. Fees charged for going over the limit must be reasonable.

[laz98]

no calls, just an opt in or opt out letter.  if they had called me i wouldn't have answered anyway.

[jordy]

thanks for the replies...

i had read the same thing on the card act... one of the reasons why i declined...

i guess there trying to get fees anyway they can now since their going to loose money on overlimit fees..

was just wondering if anyone else had recieved phone calls i thought there was supposed to be a letter to opt in or out

and if i would have known the number i wouldnt of answered, didnt know the number and its on my business phone...

a 1-800 could be a million dollar deal...lol... have to answer those... 

[laz98]

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@jordy wrote:

thanks for the replies...

i had read the same thing on the card act... one of the reasons why i declined...

i guess there trying to get fees anyway they can now since their going to loose money on overlimit fees..

was just wondering if anyone else had recieved phone calls i thought there was supposed to be a letter to opt in or out

and if i would have known the number i wouldnt of answered, didnt know the number and its on my business phone...

a 1-800 could be a million dollar deal...lol... have to answer those... 

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yeah, i can see why you would want to answer......but i don't answer any numbers i don't already know.  if they want to talk to me, they better leave a message, because i don't call back, either.

[DI]

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@laz98 wrote:

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@jordy wrote:

thanks for the replies...

i had read the same thing on the card act... one of the reasons why i declined...

i guess there trying to get fees anyway they can now since their going to loose money on overlimit fees..

was just wondering if anyone else had recieved phone calls i thought there was supposed to be a letter to opt in or out

and if i would have known the number i wouldnt of answered, didnt know the number and its on my business phone...

a 1-800 could be a million dollar deal...lol... have to answer those... 

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yeah, i can see why you would want to answer......but i don't answer any numbers i don't already know.  if they want to talk to me, they better leave a message, because i don't call back, either.

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LOL, I'm the same way. They can't leave me a voice message. They would have to text me.  But any unknown call coming from the Miami area, I answer it.  It could be about a job or school related.  

[recoverychick]

I got a call.  Declined.