This may have changed...I was taking a look and their terms state you move to the cap of £1 per day once you go over your usage - although even then if you use it lots they start charging per mb and the costs were fairly high. Always best to up the tarriff than let that happen.
This is on PAYG as far as I believe, the o2 rep told me that and the tariff's haven't changed since march/april time 2011. Though they might of sneakily done it!
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