Erickson Petroleum Corporation
1 cardholder agreement · 89 KB
- Starting score100
- Forced arbitration (opt-out available)-12
- Class-action waiver-12
- Change-anytime clause-8
- Fair Terms score68 · grade C
See the exact wording behind each below.
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You can opt out of this issuer's forced arbitration
Erickson Petroleum Corporation'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:
“…he right to have a jury decide a dispute. Under this provision, your rights may be substantially limited in the event of a dispute. You may opt out of this Arbitration provision by following the instructions below. Card Agreement Rev. 06/15/2016 Page 3 By accepting this Agreement, unless you opt out by following the instructions below, you agree that either you or we, at our sole discretion, can choose to have any dispute arising out of or relating to this Agreement or our relationship resolved by binding arbitration. If arbitration is chosen by any party, neither you nor we will have the right to litigate that dispute in court or to have a jury trial on that dispute. Pre-arbitration discovery will be permitted only as allowed by the arbitration rules. In addition, you will not have the right to participate as a representative or member of any class of claimants pertaining to any dispute…”
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
3 red flags · 1 filed docDetected in the CFPB-filed cardholder agreements from Erickson Petroleum Corporation. 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.
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“…TION. Please review this provision carefully. It provides that any dispute (subject only to the exceptions expressly stated below) may be resolved by binding arbitration. Arbitration replaces the right to go to court and the right to have a jury decide a dispute. Under this provision, your rights may be substantially…”
You can't band together with other cardholders in a class action.
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“…ert a claim against us, we can choose to arbitrate, including actions to collect a debt from you. Disputes brought as part of a class action or other representative basis are subject to arbitration on an individual (non-class, non-representative) basis. IF YOU DO NOT OPT OUT, THEN YOU WILL HAVE WAIVED YOUR RIGHT TO IND…”
The issuer reserves the right to change your rates, fees and terms at any time.
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“…ions that apply from time to time. See www.holidaystationstores.com/SmartCard/RollbackTerms.pdf for those terms and conditions. You agree that we may modify the terms and conditions at any time, or discontinue the Holiday Smart Savings Credit Card Rollbacks and Rebates at any time, in each case without prior notice to you. YOUR BILLING RIGHT…”
The contract lets you reject arbitration (usually within a short deadline) and keep your right to sue.
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“…ourt and the right to have a jury decide a dispute. Under this provision, your rights may be substantially limited in the event of a dispute. You may opt out of this Arbitration provision by following the instructions below. Card Agreement Rev. 06/15/2016 Page 3 By accepting this Agreement, unless you opt out by following…”
Checked & clear: Jury-trial waiver · Deferred interest · Penalty APR
Cardholder agreements
Filed with the CFPB in the 2026 Q1 bulk submission. Opens the original PDF.