What is a charge off?
Answered on Friday, March 13th, 2015 by
James Williams

When a creditor is declaring that an amount of debt is unlikely to be collected it gets a status of “charge off”. If one of your credit cards has such status, it does not mean that the debt is cancelled. You are still responsible for paying off the debt. However, you will not be able to use the charged off card because it’s been closed.

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OneTravel credit cards are issued by Synchrony Bank. The OneTravel Credit Card’s interest rate for purchases is 27.74% (variable). The OneTravel Visa’s interest rate on purchases is 26.74%. The OneTravel Visa Signature’s interest rate on purchases will be either 16.74% or 26.74% (also variable). Your interest rates will be determined by the issuer based on […]

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