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4 Responses to “What Is Overdraft Protection Using My Credit Card?”

1. ∞infinit says:

   May 21, 2009 at 7:13 pm

   No, if you overdraw you checking account, they will charge the overdraft to your credit card.
   There is no such thing as “overdraft” protection on credit cards. If you go over your limit, the bank will charge you over the limit fees.
2. bdancer2 says:

   May 21, 2009 at 7:13 pm

   There is no such thing as overdraft protection for your credit card. You can’t overdraft a credit card. You might be able to go overlimit which would cost you an overlimit fee.
   The overdraft protection your bank is talking about is for your checking account. If you overdraft your bank account, the overage will be charged to your credit card.
3. Anonymous says:

   May 21, 2009 at 7:13 pm

   The overdraft protection is a cash advance, charged to your credit card. That means your credit card will charge you a cash advance fee, plus interest. Plus, unless you have a zero balance on the card, you may be charged interest on you outstanding balance, plus ALL charges made.
   This is a very expensive plan. I would not used it.
4. bud68 says:

   May 21, 2009 at 7:13 pm

   The overdraft protection is for the checking account, not the credit card. If you overdraft the checking account, they will charge your credit card and add that amount back into the checking account.