Many Americans who used Credit One Bank in the past may be eligible for a cash payout in 2025. This comes after a class action lawsuit reached a settlement, claiming that Credit One charged customers for services they did not agree to. If you had an account with the bank between 2015 and 2022, you may be able to claim money. This article explains the full details including who is eligible, how much you may receive, and how to file a claim.

Background of the lawsuit

The lawsuit was filed on behalf of customers who were charged for add-on services like credit monitoring, identity protection, and other third-party programs. The claim was that many people did not clearly authorize these charges or were unaware of them at the time. The bank denies any wrongdoing but agreed to settle the case to avoid further legal action. This type of class action is common when large groups of customers are affected by similar issues.

What the settlement includes

Credit One has agreed to a financial settlement estimated between 15 and 25 million dollars. This money will be used to pay eligible customers who file valid claims. The actual amount each person receives will depend on the total number of claims submitted and the specific charges on their account. Legal fees and administrative costs will also be deducted from the total fund.

Who is eligible for a payout

You may be eligible for compensation if:

• You had a Credit One Bank credit card account between January 2015 and December 2022
• You were charged for third-party services or add-ons you did not knowingly authorize
• You did not opt out of the settlement
• You submit a valid claim by the deadline

Even if you did not receive a notice in the mail or by email, you can still file a claim if your account meets the criteria.

Types of charges involved

Some of the unauthorized charges included monthly fees for credit score tracking, identity theft protection, and other optional services. These fees were sometimes added automatically and not clearly explained to customers. Many people only noticed after reviewing their statements closely or contacting customer service.

How to check if you qualify

To check if you are included in the settlement, visit the official Credit One settlement website. You can use your claim ID if you received a notice. If you did not receive a notice, you can still enter your name, account information, or other details to check eligibility. The website will provide further instructions if you qualify.

Estimated payout amounts

Most eligible customers will receive a payment between 50 and 300 dollars. The exact amount depends on how much you were charged during the covered period and how many people submit claims. If you received a refund from the bank in the past for similar charges, that amount may be deducted from your final payout.

Important dates and deadlines

There are three main dates to remember:

• The deadline to file a claim is August 15, 2025
• The final court hearing for approval is scheduled for September 10, 2025
• Payments are expected to be sent in late October or early November 2025

You should submit your claim as early as possible to avoid any last-minute issues.

How to file a claim

Filing a claim is a simple process. Go to the official settlement website and fill out the online form. You will be asked to confirm your identity and select your preferred payment method. Most people choose either a direct deposit or a mailed check. Make sure your contact and banking information is correct before submitting.

What happens if you do not file

If you do not submit a claim, you might not receive any money from the settlement. In some cases, automatic payments are made to clearly eligible accounts, but this is not guaranteed. Filing a claim is the most reliable way to make sure you receive what you may be owed.

Can you sue separately

If you are part of the settlement, you give up your right to file a separate lawsuit over the same issue. However, if you opted out of the settlement before the deadline, you can still take individual legal action. Most people will find the settlement the easiest way to resolve the matter.

Things to keep in mind

Always make sure the information you provide is accurate. Incorrect claims may be rejected or delayed. If you need help, contact the settlement administrator listed on the official website. Also, keep a copy of your confirmation email or page after submitting your claim.

Conclusion

The Credit One Bank settlement offers eligible customers a chance to receive fair compensation for charges that may have been unclear or unauthorized. If you believe you are eligible, check the official website, file your claim before the deadline, and keep track of the payment timeline. This is an opportunity to recover money without the need for court action or legal fees.

Disclaimer

This article is for general information only. It does not provide legal or financial advice. If you have specific questions about your eligibility or claim, please visit the official settlement website or consult a legal expert.

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