Cortrust Bank National Association
2 cardholder agreements · 525 KB
- Starting score100
- Forced arbitration (opt-out available)-12
- Class-action waiver-12
- Jury-trial waiver-8
- Penalty APR-6
- Fair Terms score62 · grade C
See the exact wording behind each below.
Embed this badge on your site ↓
<script src="https://cards.techtonic.llc/widget.js" data-issuer="cortrust-bank-national-association"></script>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
deadline ≈ 30 daysCortrust Bank National Association's agreement lets you reject arbitration and keep your right to sue — usually within 30 days of opening the account. You have to send it in writing. Here's the language from the filed agreement:
“…ions regarding your Account. This Agreement contains a binding arbitration provision. Please see Section 23 for details regarding mandatory arbitration and your right to opt-out of such arbitration. 1. Effective Date of Agreement. This Agreement is effective when you or an Authorized User uses the Card or Account or if you fail to cut your Card in half and return it to Issuer within 30 days after it is issued to you. 2. Joint Account. If this is a joint account, each person who signed the application (1) may make Credit Purchases and obtain Cash Advances as defined in Section 3 below (but the total of these cannot exceed the assigned credit limit); (2) will be responsible for paying all amounts owed; and (3) can close the Account. 3. Using your Card or Account to Obtain Credit. You may use your Card or Account to make Credit Purchases or obtain Cash Advances. A Credit Purchase includes (…”
Read the exact mailing address in the clause above, then use our opt-out letter template and full guide →
Contract X-Ray — what's buried in the fine print
4 red flags · 2 filed docsDetected in the CFPB-filed cardholder agreements from Cortrust Bank National Association. Verbatim quotes below — CardSleuth flags the language; this isn't legal advice.
You give up your right to sue in court — disputes are pushed into private arbitration.
Show the exact wording ↓Hide wording ↑
“…do so in our sole discretion. Keep this Agreement so you can refer to it if you have any questions regarding your Account. This Agreement contains a binding arbitration provision. Please see Section 23 for details regarding mandatory arbitration and your right to opt-out of such arbitration. 1. Effective Date of Agre…”
You can't band together with other cardholders in a class action.
Show the exact wording ↓Hide wording ↑
“…ER AND MORE LIMITED THAN COURT PROCEDURES. YOU ALSO AGREE ANY ARBITRATION WILL BE LIMITED TO THE DISPUTE BETWEEN YOU AND US AND WILL NOT BE PART OF A CLASS-WIDE OR CONSOLIDATED ARBITRATION PROCEEDING. Agreement to Arbitrate. You and we agree that any Dispute, except as provided below, will be resolved by arbitration. This agreement is g…”
You waive your right to have a dispute heard by a jury.
Show the exact wording ↓Hide wording ↑
“…ration will be conducted in the same city as the United States District Court closest to your then current mailing address. Waiver of Rights. You are waiving your right to a jury trial, to have a court decide your Dispute, to participate in a class action lawsuit, and to certain discovery and other procedures that are availabl…”
Slip up and your rate can jump to a much higher penalty APR.
Show the exact wording ↓Hide wording ↑
“…ry with the market based on the Prime Rate. APR for Cash Advances Prime Rate plus 15.99%. This APR will vary with the market based on the Prime Rate. Penalty APR and When None It Applies Minimum Interest If you are charged interest, the charge will be no less than $1.50. Charge Grace Period/Paying Your due dat…”
The contract lets you reject arbitration (usually within a short deadline) and keep your right to sue.
Show the exact wording ↓Hide wording ↑
“…any questions regarding your Account. This Agreement contains a binding arbitration provision. Please see Section 23 for details regarding mandatory arbitration and your right to opt-out of such arbitration. 1. Effective Date of Agreement. This Agreement is effective when you or an Authorized User uses the Card or Account or if you fa…”
Checked & clear: Deferred interest · Change-anytime clause
Cardholder agreements
Filed with the CFPB in the 2026 Q1 bulk submission. Opens the original PDF.