Paste it anywhere on your site. The badge links back to this page — a real, crawlable link, not an image.
You can opt out of this issuer's forced arbitration
Card Assets's agreement lets you reject arbitration and keep your right to sue — usually within a short window after opening the account. You have to send it in writing. Here's the language from the filed agreement:
“…lve(12) months after Account openinginaccordancewiththe CHANGING TERMS Sectionof this Agreement. This Agreement alsoincludes anAgreement to Arbitratewitharight toreject arbitration. See ARBITRATIONAGREEMENT below. The effectivedateof this Agreement ( EffectiveDate ) will betheearlier of (i) thedatethat weapproveyour applicationor (ii) thefirst datethat weextendcredit for atransactionby whichyouor someoneauthorizedbyyouuses theaccount (inNY,thefirst datethat we extendcredit for atransactionbywhichyouor someoneauthorizedbyyousigns asales slipor memorandum). 3. ADDRESSES. Your full name, address, andsignatureareconsideredpart of this Agreement. For purposes of this Agreement, youagreeandrepresent that youlive at theaddressshownonyour applicationor fromtimetotimedesignatedbyyoufor the receipt of billingstatements. Youagreepromptlytonotifyus of anychangeinyour ad- dress or anyother contact in…”
“…lve(12) months after Account openinginaccordancewiththe CHANGING TERMS Sectionof this Agreement. This Agreement alsoincludes anAgreement to Arbitratewitharight toreject arbitration. See ARBITRATIONAGREEMENT below. The effectivedateof this Agreement ( EffectiveDate ) will betheearlier of (i) thedatethat weapproveyour applicationor (ii) the rst datethat weextendcredit for atransactionby whichyouor someoneauthorizedbyyouuses theaccount (inNY, the rst datethat we extendcredit for atransactionbywhichyouor someoneauthorizedbyyousigns asales slipor memorandum). 3. ADDRESSES. Your full name, address, andsignatureareconsideredpart of this Agreement. For purposes of this Agreement, youagreeandrepresent that youliveat theaddress shownonyour applicationor fromtimetotimedesignatedbyyoufor the receipt of billingstatements. Youagreepromptlytonotifyus of anychangeinyour ad- dress or anyother contact inf…”
Detected in the CFPB-filed cardholder agreements from Card Assets. 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.
Show the exact wording ↓Hide wording ↑
“…ator or from Transactionsincludethepurchaseof travelerschecks, moneyorders, wiretransfers, lottery us. Apartywhohas assertedaClaiminalawsuit maystill elect arbitrationwithrespect tickets, racetrack wagers or similar bettingtransactions, foreigncurrencypurchases and toanyClaimthat is later assertedinthesamelawsuit…”
“…r from After wefinishour investigation, wewill tell youour decision. At that point, if wethink you us. Apartywhohas assertedaClaiminalawsuit maystill elect arbitrationwithrespect oweanamount andyoudonot pay, wemayreport youas delinquent. toanyClaimthat is later assertedinthesamelawsuit byanyother party. All doubt…”
“…10years experienceor a retiredjudge. Acopyof theClaimformmaybeobtainedfromtheAdministrator or from us. Apartywhohas assertedaClaiminalawsuit maystill elect arbitrationwithrespect toanyClaimthat is later assertedinthesamelawsuit byanyother party. All doubts about whether toarbitrateaClaimshall beresolvedinfavor of…”
Slip up and your rate can jump to a much higher penalty APR.
Jumps to ~26.24%
Show the exact wording ↓Hide wording ↑
“…e Periodic Rate(s) and corresponding Annual Percentage Rate(s) increase, your interest charges will increase and your minimum payment may be greater. Penalty Rate: If you fail to make your required minimum payment on your Account by the due date, make a payment that is returned, or fail to do any of the same on…”
“…e Periodic Rate(s) and corresponding Annual Percentage Rate(s) increase, your interest charges will increase and your minimum payment may be greater. Penalty Rate: If you fail to make your required minimum payment on your Account WORLD ELITE PLUS by the due date, make a payment that is returned, or fail to do a…”
“…e Periodic Rate(s) and corresponding Annual Percentage Rate(s) increase, your interest charges will increase and your minimum payment may be greater. Penalty Rate: If you fail to make your required minimum payment on your Account WORLD ELITE by the due date, make a payment that is returned, or fail to do any of…”
The contract lets you reject arbitration (usually within a short deadline) and keep your right to sue.
Show the exact wording ↓Hide wording ↑
“…ginningtwelve(12) months after Account openinginaccordancewiththe CHANGING TERMS Sectionof this Agreement. This Agreement alsoincludes anAgreement to Arbitratewitharight toreject arbitration. See ARBITRATIONAGREEMENT below. The effectivedateof this Agreement ( EffectiveDate ) will betheearlier of (i) thedatethat weapproveyour…”
“…tionof this Agreement. This Agreement alsoincludes anAgreement to 4. UsingYour Account ............................................................ 2 Arbitratewitharight toreject arbitration. See ARBITRATIONAGREEMENT below. The 5. Your ObligationtoPay........................................................ 2 effectivedateof th…”