Detected in the CFPB-filed cardholder agreements from First Electronic Bank. Verbatim quotes below — CardSleuth flags the language; this isn't legal advice.
Forced arbitration
You give up your right to sue in court — disputes are pushed into private arbitration.
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“…ibaba.com Business Edge Credit Card Rewards Program Agreement are subject to forfeiture and may be rescinded or withdrawn. THIS AGREEMENT INCLUDES AN ARBITRATION PROVISION. UNLESS YOU PROPERLY REJECT THE ARBITRATION PROVISION OR THE ARBITRATION PROVISION DOES NOT APPLY BECAUSE YOU ARE A COVERED BORROWER (AS THAT TERM IS…”
“…ued as part of the Avelo Rewards Program Terms and Conditions are subject to forfeiture and may be rescinded or withdrawn. THIS AGREEMENT INCLUDES AN ARBITRATION PROVISION. UNLESS YOU PROPERLY REJECT THE ARBITRATION PROVISION OR THE ARBITRATION PROVISION DOES NOT APPLY BECAUSE YOU ARE A COVERED BORROWER (AS THAT TERM IS…”
“…Rewards Program Agreement (whichever applies to your Account) are subject to forfeiture and may be rescinded or withdrawn. THIS AGREEMENT INCLUDES AN ARBITRATION PROVISION. UNLESS YOU PROPERLY REJECT THE ARBITRATION PROVISION OR THE ARBITRATION PROVISION DOES NOT APPLY BECAUSE YOU ARE A COVERED BORROWER (AS THAT TERM IS…”
You can't band together with other cardholders in a class action.
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“…Card Privacy Notice or can be obtained by contacting Cardless at (888) 290-2818 or privacy@cardless.com. Governing law and disputes Governing law and Class Action Waiver This Agreement is governed by and construed in accordance with the laws of the United States. To the extent state law applies to this Agreement, this…”
“…lable upon request and can be obtained by contacting Cardless at (888) 864-2971 or privacy@cardless.com. Governing law and disputes Governing Law and Class Action Waiver This Agreement is governed by and construed in accordance with the laws of the United States. To the extent state law applies to this Agreement, this…”
“…ss Avianca Lifemiles Privacy Notice or by contacting Cardless at (888) 294-4694 or privacy@cardless.com. Governing law and disputes Governing Law and Class Action Waiver This Agreement is governed by and construed in accordance with the laws of the United States. To the extent state law applies to this Agreement, this…”
You waive your right to have a dispute heard by a jury.
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“…ESSLY WAIVE YOUR RIGHT TO INITIATE OR PARTICIPATE IN A CLASS ACTION RELATED TO THIS AGREEMENT OR THE ACCOUNT PURSUANT TO UTAH CODE ANN. ?? 70C-4-105. Waiver of Jury Trial: You acknowledge that the right to trial by jury is a constitutional right but may be waived in certain circumstances. To the extent permitted…”
“…each are resolved. You have the right to opt-out of (not be bound by) this Arbitration Provision as described below. If you do not do so: (a) You are waiving your right to have a jury or a court, other than a small-claims court or similar court of limited jurisdiction, resolve any claim that is subject to arbitration; and (b) You a…”
“…nt for a written disclosure concerning the maximum permitted Military APR. If you are a Covered Borrower under the MLA, the arbitration provision and waiver of jury trial in the Coinbase One Card Cardholder Agreement will not apply to you. USA PATRIOT Act Notice: To help the government fight the funding of terror…”
“No interest if paid in full” — miss the deadline and you're billed interest back to day one.
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“…eed your Monthly Minimum Payment, we will apply these excess amounts in the order required by applicable law. During the last two Billing Cycles of a deferred interest period, if you have an outstanding deferred interest balance, we will apply these excess amounts to the deferred interest promotion balance. DEFERRED…”
The issuer reserves the right to change your rates, fees and terms at any time.
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“…on: The Arbitration Provision set forth in this Agreement does not apply to you if, as of the date of this Agreement, you are a Covered Borrower. 12. AMENDMENT We may change the terms of this Agreement for any reason and at any time, subject to applicable law. This includes changes to APRs and fees that apply to your Account, and adding, replacing, or deleting terms of this Agree…”
“…to the collection of your Account to the extent permitted by applicable laws. Change of Terms. Subject to the limitations of applicable law, we may, at any time, change or remove any of the terms and conditions of, or add new terms or conditions to, this Agreement. If required by applicable law, we will mail written notice of such a change to…”
“…Account, and retrieving your Card, to the extent permitted by applicable laws. Change of Terms. Subject to the limitations of applicable law, we may, at any time, change or remove any of the terms and conditions of, or add new terms or conditions to, this Agreement. If required by applicable law, we will mail written notice of such a change to…”
Slip up and your rate can jump to a much higher penalty APR.
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“…or Purchases 22.49% to 33.49% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate. Penalty APR and When it None Applies How to Avoid Paying Interest Your due date is at least 21 days after the close of each billing cycle. We will not charge you…”
“…when you open your account, Rate (APR) for based on your creditworthiness. Purchases This APR will vary with the market based on the U.S. Prime Rate. Penalty APR and None When it Applies How to Avoid Paying Your due date is at least 21 days after the close of Interest on Purchases each billing cycle. We will n…”
“…19.49% to 29.49% when you open your account, based on your creditworthiness. After that, your APR will vary with the market based on the Prime Rate. Penalty APR and When it None Applies How to Avoid Paying Interest Your due date is at least 21 days after the close of each billing cycle. on Purchases We will n…”
The contract lets you reject arbitration (usually within a short deadline) and keep your right to sue.
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“…ibaba.com Business Edge Credit Card Rewards Program Agreement are subject to forfeiture and may be rescinded or withdrawn. THIS AGREEMENT INCLUDES AN ARBITRATION PROVISION. UNLESS YOU PROPERLY REJECT THE ARBITRATION PROVISION OR THE ARBITRATION PROVISION DOES NOT APPLY BECAUSE YOU ARE A COVERED BORROWER (AS THAT TERM IS DEFINED IN 32 C.F.R. ?? 232…”
“…ued as part of the Avelo Rewards Program Terms and Conditions are subject to forfeiture and may be rescinded or withdrawn. THIS AGREEMENT INCLUDES AN ARBITRATION PROVISION. UNLESS YOU PROPERLY REJECT THE ARBITRATION PROVISION OR THE ARBITRATION PROVISION DOES NOT APPLY BECAUSE YOU ARE A COVERED BORROWER (AS THAT TERM IS DEFINED IN 32 C.F.R. ?? 232…”
“…Rewards Program Agreement (whichever applies to your Account) are subject to forfeiture and may be rescinded or withdrawn. THIS AGREEMENT INCLUDES AN ARBITRATION PROVISION. UNLESS YOU PROPERLY REJECT THE ARBITRATION PROVISION OR THE ARBITRATION PROVISION DOES NOT APPLY BECAUSE YOU ARE A COVERED BORROWER (AS THAT TERM IS DEFINED IN 32 C.F.R. ?? 232…”
Balance computationAverage daily balance including new purchases
Additional fees
Returned Payment Fee$10
Rewards, benefits and features
Rewards
Cashback rewards
Services
Other
Features
Contactless Payments
Chip card
Mobile wallet provisioning (for example, Apple Pay)
Who can get this card
AvailabilityRegional
StatesAR, LA, NM, OK, TX
Membership requirementsOpen to the public
Phone(888) 290-2383
Balance transfer
This card does not offer a balance transfer rate.
Cost to carry a balance
Interest for a year at 28.46%$853.80
Annual / periodic fees$0
Total yearly cost$853.80
Simple interest on a constant balance — a plain-language upper bound rather than an amortisation schedule. Paying in full each month within the 21-day grace period avoids the interest entirely.
Cardholder agreements
23 documents filed by First Electronic Bank in the 2026 Q1 archive.