Capital One Credit Card Settlement: Find Out If You're Eligible

If you're one of the millions of people who've had a Capital One credit card, you might be eligible for a settlement. The settlement is for people who were charged incorrect fees or had their accounts incorrectly reported to credit bureaus.

The settlement is a result of a class-action lawsuit against Capital One. To be eligible, you'll need to have had a Capital One credit card between 2005 and 2014.

You can check if you're eligible by visiting the official settlement website.

To be eligible for the Capital One credit card settlement, you need to have been a Capital One account holder between September 1, 2015, and January 12, 2022.

You must have also been charged representment fees during this period. If you've received an email or postcard notice from the bank, it's a sign that you may be entitled to the settlement.

To be eligible for a settlement, you'll want to know the basic requirements. If you're a Capital One account holder, you may be entitled to a share of the $16 million payout.

You were a Capital One account holder between September 1, 2015, and January 12, 2022. This is a key period to remember.

Capital One charged you representment fees during this time. This is another important factor in determining your eligibility.

If you received an email or postcard notice from the bank, it's a sign that you may be entitled to the settlement. This is a good indication that you're on the right track.

Here's a quick summary of the eligibility criteria:

To claim in the Capital One settlement, you don't actually need to do anything, as long as you don't exclude yourself.

You'll automatically receive a payout if you're eligible, but if you do want to exclude yourself for any reason, or claim an objection, you'll need to do so by June 17 2024.

You can visit the official settlement website to do this.

The payout amount will be distributed pro rata, so the final sum depends on how many people are eligible.

The $16 million figure isn't the final payout figure, as legal costs and other fees bring it down to $10,308,909.16.

You can expect to receive your payment 60 days after the final approval hearing, which is scheduled for July 15 2024.

Walmart Inc. and Capital One have settled their lawsuit over their credit card partnership.

A judge for the U.S. District Court of Southern New York granted a request on Thursday for dismissal by both parties.

Capital One will continue to own and service existing accounts.

The companies said in March that nothing will change for cardholders.

Walmart sued in April 2023 to terminate the contract with Capital One.

The contract was for both private-label and co-branded credit card services.

The lawsuit claimed Capital One was too slow in posting transactions to cardholders' accounts and in replacing lost cards.

The same judge ruled in March that Walmart could end its relationship with Capital One.

Capital One contracted in 2018 to provide credit card services to Walmart's customers.

To be eligible for the Capital One settlement, you need to have been a Capital One account holder between September 1, 2015, and January 12, 2022, and have been charged representment fees during this period.

If you're eligible, you could receive up to $25,000 in cash for lost time and out-of-pocket expenditures related to the breach, including fraud charges and preventative identity theft services fees.

The settlement also offers three years of free identity protection services through the Pango Group, covering identity monitoring, lost wallet protection, dark-web monitoring, account restoration, and security freeze capabilities.

Here's a breakdown of what you might be eligible for:

Additionally, you'll get up to $1 million in identity theft and fraud insurance, and a rate of at least $25 per hour for lost time.

The compensation amount for those affected by the data breach is a crucial aspect of the settlement. The preliminary approval for the settlement amount is $180 million.

You may be eligible to collect up to $25,000 in cash for lost time and out-of-pocket expenditures relating to the breach. This includes costs such as fraud charges, preventative identity theft services fees, and professional data security services fees.

Those filing can claim up to 15 hours of lost time spent handling issues related to the data breach at a rate of at least $25 per hour.

The settlement will also provide three years of free identity protection services through the Pango Group. This includes identity monitoring, lost wallet protection, dark-web monitoring, account restoration, and security freeze capabilities.

Here's a breakdown of the identity protection services:

The identity protection services will also cover up to $1 million in identity theft and fraud insurance.

If you're eligible for a settlement, you'll want to know the details. To be part of the Capital One settlement, you must have been a Capital One account holder between September 1, 2015, and January 12, 2022.

You'll also need to have been charged representment fees during this period. If you received an email or postcard notice from the bank, it's likely you're entitled to the settlement.

Here are the key requirements to be eligible for the Capital One settlement: