No, you cannot overdraft a Capital One credit card. Overdrafts do not apply to credit cards. Credit card issuers generally use the term "over limit" when referring to spending more than your credit limit.
You may be able to go over the limit of a Capital One credit card, but it is up to Capital One whether any particular charge that exceeds your credit limit is approved. Capital One used to have a policy whereby people could opt in to exceed their credit limit. They were charged a fee for each over-limit purchase, which couldn't exceed the amount by which they went over. This policy has since been terminated. Instead, Capital One will assess transactions that put balances over the limit and approve or deny them on an individual basis. There is no fixed amount that you can go over your limit and each transaction is approved individually. So there is no guarantee that you will always be approved to exceed your credit limit.
Approval of transactions that put your balance over your credit limit is based on Capital One's eligibility criteria which aren't disclosed publicly. In some cases, Capital One may decline a transaction that causes you to go over your limit, due to factors such as late payments and having recently opened your account. Capital One no longer charges any fees for over limit purchases, though. So if you make a purchase that goes over and it happens to still get processed, you won't be penalized.
The Capital One over-the-limit fee is $0. Capital One no longer charges over-limit fees for credit card transactions that exceed a cardholder’s credit limit. More often than not, a charge that goes over a Capital One credit card limit won’t even be processed, but it can occasionally happen for charges that involve holds on the account. And if Capital One does process an overlimit transaction, no over-the-limit fee will be charged. Legally, card issuers aren’t allowed to charge over-the-limit fees unless a cardholder specifically allows the bank to process overlimit charges.… read full answer
Capital One used to allow customers to opt-in for over-limit transactions, but they did away with that feature for new credit cards in 2017, and have since stopped offering it for older cards as well. Previously, if a cardholder opted in to the program, Capital One would process the overlimit transaction, and a fee would be assessed per overlimit charge.
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