Cancellation service N°1 in United States
Contract number:
To the attention of:
Cancellation Department – Credit One Bank
Credit One Bank Payment Services P.O. Box 60500
91716-0500 City of Industry
Subject: Contract Cancellation – Certified Email Notification
Dear Sir or Madam,
I hereby notify you of my decision to terminate contract number relating to the Credit One Bank service. This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual notice period.
I kindly request that you take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper receipt of this request;
– and, where applicable, send me the final statement or balance confirmation.
This cancellation is sent to you by certified email. The sending, timestamping and integrity of the content are established, making it equivalent proof meeting the requirements of electronic evidence. You therefore have all the necessary elements to process this cancellation properly, in accordance with the applicable principles regarding written notification and contractual freedom.
In accordance with the Consumer Rights Act 2015 and data protection regulations, I also request that you:
– delete all my personal data not necessary for your legal or accounting obligations;
– close any associated personal account;
– and confirm to me the effective deletion of data in accordance with applicable rights regarding privacy protection.
I retain a complete copy of this notification as well as proof of sending.
Yours sincerely,
14/01/2026
How to Cancel Credit One Bank: Complete Guide
What is Credit One Bank
Credit One Bank is a US-based issuer that focuses on consumer credit cards, including products aimed at people rebuilding credit and cards with cash-back features. The bank operates a range of unsecured and secured card products with differing annual fees, APRs and rewards structures.
Card offerings often show variable annual fees and APR ranges, and some products list an annual fee band rather than a single fixed price. Published reviews and card summaries note annual fees commonly between zero and about US$99 depending on the product and cardholder agreement; translated to AUD this typically converts to roughly A$1.50 per US$1 (approx), so an example US$99 annual fee is approx A$149.
Customer experiences with cancellation
What users report
Public reviews and complaint threads consistently show three recurring themes: difficulty confirming account closure, unexpected continuing fees after a closure request, and delays in applying payments or issuing refunds. Many reports describe long interactions and repeated follow-ups to resolve residual charges.
Users also report timing issues where payments post after a statement cycle and cause new fees or interest to appear. Some cardholders describe being billed annual fees shortly after account opening, or seeing reappearing balances after they believed an account was closed. These reports come from review platforms, consumer complaint boards and community forums.
Recurring issues and practical takeaways
Practical lessons drawn from real user experiences: expect delays between a cancellation request and the clearing of active charges; anticipate that annual fees and processing delays are a primary source of post-closure bills; and plan to monitor statements for at least two billing cycles after closure.
Users who successfully resolved problems emphasise careful documentation of every interaction, checking statements closely for unexpected recharges, and using formal dispute channels when fees or reopenings occur. These are collective takeaways rather than operational instructions.
How to cancel credit one bank card
This section explains what to expect from the cancellation process and the contract elements that matter. It does not provide contact methods; instead it describes timing, billing and legal concepts you can rely on when you make a cancellation request.
Billing cycles and final statements: when you notify the issuer that you want the account closed, your account will typically still be subject to the current billing cycle. Any charges authorised before the effective closure date can appear on that final statement. This means outstanding balances, interest and prorated annual fees may still be charged in the next statement period.
Annual fees and proration: many Credit One card agreements show annual fees that are assessed either up front or on an anniversary basis; some cards list fees as an annual amount that the issuer may allocate monthly on statements. Depending on the card agreement, the issuer may not prorate the annual fee on account closure. Check the fee structure stated for your exact card product.
Security deposit refunds for secured products: for secured card variants, a refundable security deposit is often held against the credit line. Refund timing and conditions vary by product; users report delays between final balance payment and refund of security deposits. Expect administrators to confirm the account has a zero balance before any refund is processed.
Credit reporting and score effects: closing a card can change your credit utilisation and the mix of accounts, which may affect credit scores. If the account remains open on credit reports after you believed it was closed, you should document that discrepancy and pursue a correction through the reporting agencies and the issuer's dispute channels.
Refunds and disputed charges: disputed transactions or incorrectly assessed fees may be reversed after investigation, but that process can take multiple weeks. Maintain records to support disputes and expect the issuer to require time to investigate and post any credits.
Documentation checklist
- Account statement copies: keep the last 6-12 months of statements showing balances and fees.
- Proof of payment: retain receipts or bank statements that show cleared payments and dates.
- Written acknowledgement: preserve any written confirmation or reference numbers you receive related to the account status.
- Dispute records: keep copies of any dispute submissions and the issuer responses.
- Security deposit evidence: if you provided a deposit, keep the receipt and all correspondence about the refund.
Fees, timelines and what to expect for Credit One Bank
Typical fee profile: Credit One products often carry annual fees that vary by card product and by cardholder agreement; published summaries show ranges from no annual fee to around US$95-99 on some reward products. Converting published USD amounts to AUD results in approximate examples such as A$0 to A$150 for typical annual fee ranges, subject to card agreement and exchange rates. These are approximate representations drawn from card summaries and prevailing exchange rates.
Posting and processing delays: many consumer reports describe payments that post several business days after submission, which can cause a payment to miss a cutoff and trigger fees. Allow for processing time when assessing whether payments were applied within a billing cycle.
Time to final closure and refunds: public complaints indicate that residual balances or fees may appear for several weeks after a closure request. Refunds or security deposit releases may also be delayed pending verification that no pending transactions exist. Plan to monitor statements for at least two cycles after closure.
| Card type or feature | Typical annual fee (published) | Typical APR indication |
|---|---|---|
| Unsecured cash-back/reward card | Varies - US$0 to US$99 (approx A$0 to A$150) | Variable, often high 20% range |
| Secured credit card | Often low or no annual fee depending on product (Varies) | Variable, often high 20% range |
| Specialty co-branded or premium card | May carry higher annual fees (Varies) | Variable |
Sources for fee ranges and product notes include independent card aggregators and card summaries; fees vary by cardholder agreement and promotional offers. The AUD approximations use a recent mid-market USD to AUD conversion.
| Issue | Typical effect |
|---|---|
| Late posting of payments | Unexpected late fees or higher balances on the following statement |
| Annual fee assessed after opening | Immediate balance increase and possible surprise bill |
| Delayed security deposit refund | Extended wait for returned deposit after balance is cleared |
What to do after cancelling Credit One Bank
Monitor statements and credit reports for signs that the account has been reopened, additional fees have been billed, or a residual balance remains. Continue to collect and keep documentation of any unexpected charges.
If a fee or charge appears after closure, use the issuer's stated dispute procedures and preserve all correspondence. If the matter remains unresolved, consider lodging a complaint with relevant consumer protection or financial regulators in the jurisdiction that governs the cardholder agreement. Public complaint forums show that escalation paths are sometimes required to secure final resolution.
Track timing: expect processing and investigation windows measured in business days to weeks rather than hours. As a practical measure, keep monitoring for at least two billing cycles and confirm any security deposit refunds have been issued.
Address
- Address: Credit One Bank Payment Services P.O. Box 60500 City of Industry, CA 91716-0500