The cat smells a rat and sees through the blizzard of Chase's BS
ACTION NEEDED if you have a CHASE credit card!
Updated 4 June 2019
Chase Bank adds forced arbitration to credit cards
According to Fast Company magazine JPMorgan Chase told its card holders (Sapphire, United Mileage Plus, Slate) that Chase was "updating" its account terms -- but by "update" they meant ADDING forced arbitration, which means you give up your right to a jury trial and you wind up trying to resolve disputes with CHASE using CHASE's hand-picked arbitration firm -- the firm who wants the CHASE arbitration contract.
Agreeing to forced arbitration with a bank is like agreeing, on the day you get married, that your new mother-in-law gets to resolve all disputes you have with your spouse during your marriage and that her decision is final and un-appealable in all cases -- and that the only way you can get out of this pre-wedding agreement is to get a divorce.
YOU CAN OPT OUT OF THIS SCAM!
Consumers have until August to opt out of Chase’s policy — and it takes some work Chase will let existing customers opt out of the clause — but doing so won’t be easy. Card holders have to do so in writing by mailing a letter to Chase stipulating that they reject the arbitration agreement and including their name, account number, address and signature. The letters must arrive by Aug. 7, 2019.
Updated 4 June 2019
Chase Bank adds forced arbitration to credit cards
According to Fast Company magazine JPMorgan Chase told its card holders (Sapphire, United Mileage Plus, Slate) that Chase was "updating" its account terms -- but by "update" they meant ADDING forced arbitration, which means you give up your right to a jury trial and you wind up trying to resolve disputes with CHASE using CHASE's hand-picked arbitration firm -- the firm who wants the CHASE arbitration contract.
Agreeing to forced arbitration with a bank is like agreeing, on the day you get married, that your new mother-in-law gets to resolve all disputes you have with your spouse during your marriage and that her decision is final and un-appealable in all cases -- and that the only way you can get out of this pre-wedding agreement is to get a divorce.
YOU CAN OPT OUT OF THIS SCAM!
Consumers have until August to opt out of Chase’s policy — and it takes some work Chase will let existing customers opt out of the clause — but doing so won’t be easy. Card holders have to do so in writing by mailing a letter to Chase stipulating that they reject the arbitration agreement and including their name, account number, address and signature. The letters must arrive by Aug. 7, 2019.
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