Chase Closes Account That Opted Out Of Arbitration Provision

0


In 2019 Chase started to include an arbitration provision for cardholders (F.A.Q here). At the time Chase told Bloomberg that account holders that opted out of this provision would not have their accounts closed. Recently reddit user scottLobster2 opted out of this provision only to have their account closed. Upon contacting Chase to agree to this provision to get the account reopened they were told that accounts could not be reopened when closed for this reason and that they would need to reapply for the card.

This obviously won’t affect most readers of this site as most just agree to the terms anyway, but for those that opt out of arbitration clauses this is something worth keeping in mind.





Source link

Choose your Reaction!
Leave a Comment

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 50,773.00 3.47%
ethereum
Ethereum (ETH) $ 4,326.55 4.01%
tether
Tether (USDT) $ 1.00 0.01%
litecoin
Litecoin (LTC) $ 159.49 3.75%
binance-usd
Binance USD (BUSD) $ 0.998131 0.12%
Apple Inc.  AAPL 
$165.32  $3.48  2.15%  
AMC Entertainment Holdings, Inc  AMC 
$28.79  $0.2200  0.76%  
Tesla, Inc.  TSLA 
$1,009.01  $5.96  0.59%  
VBI Vaccines, Inc.  VBIV 
$2.21  $0.1800  7.53%  
GameStop Corporation  GME 
$167.12  $5.27  3.06%  
Walt Disney Company (The)  DIS 
$150.37  $4.15  2.84%  
DraftKings Inc.  DKNG 
$30.68  $2.31  8.14%  
Airbnb, Inc.  ABNB 
$180.85  $14.10  8.46%  
Uber Technologies, Inc.  UBER 
$38.49  $2.64  7.36%  
DoorDash, Inc.  DASH 
$161.54  $3.83  2.43%  
Zomedica Corp.  ZOM 
$0.3403  $0.0103  3.12%  
Nokia Corporation Sponsored  NOK 
$5.69  $0.0300  0.53%  
United States Antimony Corporat  UAMY 
$0.5881  $0.0532  9.95%  
AMERICAN MANGANESE INCORPORATED  AMYZF 
$0.3810  $0.0124  3.15%  
Danimer Scientific, Inc.  DNMR 
$11.69  $0.5600  5.03%  
BurgerFi International Inc  BFI 
$7.10  $0.3500  5.19%