This happened because almost every major bank in the country was accused of conspiring against customers who wanted to sue the banks by forcing them into arbitration; Chase, Capital One and Bank of America have agreed to remove these clauses by 2013. Chase seems to be the first to revive this explosion of the past. Chase credit card holders have an opt-out system that rejects the clause. In writing, by snail mail, customers must send a letter to Chase stating that they refuse the arbitration agreement within 60 days of receiving notification from the bank of the arbitration agreement. Customers must provide their name, account number, address and signature. The letter must arrive by August 7, 2019. The military is not subject to non-coercion clauses. Although the process is difficult, it is highly recommended to protect your rights. Dig up your card member`s contract that should have gone through the mail with your credit card. If you abandoned the paper version a long time ago, log in to your account and look for services or benefits to get your consent.
You can also call your card issuer at the number on the back of your card to get a copy in the mail.