CREDIT ONE BANK, www.creditonearbitration.com, www.creditonebank.com Credit One Bank Deceptive Trade Practices Las Vegas Nevada

I think you might be misunderstanding some of the terms and conditions of that card.

The APR you reference is an annual APR, not daily. Lenders are required to disclose the annual rate to you. Interest accrues daily but not at the annual rate. The annual rate is used so you can compare costs. All credit cards have APRs.

That particular card is not designed for most people. It is a 'rebuilder type' card for those that can not obtain other credit cards. It is a card meant for high risk consumers just starting to rebuild their credit.   Since you have other cards, it is an excellent idea that you close that one. That type of card helps those rebuilding, but should only be used for a short time until you can get a regular credit card.

To pay off your account in full and close it (per your post):  Just send in the balance owed and add enough to cover the per diem interest.  If you over pay, they have to send back the difference to you. For example: if you owe $200 and your payment is due on the first of the month, then send them $215 today via Western Union to the credit card payment department (not an individual). The payment will be credited immediately to your account and then call them tomorrow to cancel the card. They will be able to tell you exactly the amount they will refund to you on your overpayment. Make sure you do this before your next payment is due so you don't incur more fees. This way your account is paid and is closed and you won't have more fees.

No, I don't work for them.