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 ≈ 10 days
First Horizon Bank's agreement lets you reject arbitration and keep your right to sue — usually within 10 days of opening the account. You have to send it in writing. Here's the language from the filed agreement:
“…rning your Visa Signature claiming through such person or incident to the account.. The word Consumer any other Claim. If the Administrator declines to administer a Claim in arbitration, then award that is greater than our last written settlement offer, the arbitrator shall have the question, along with applicable interest and fees. We will send you a statement Agreement and Definitions. ..................................................................................................................1 points balance and credit card account. If you have obtained any travel services by means a natural person who holds an account primarily for personal, family or either party shall have the right to proceed with the Claim as a lawsuit in court, in discretion to require us to pay your attorneys fees and costs. Otherwise, each party of the amount you owe and the date payment is due. We may th…”
“…ent Processing............................................................................................................................3 declines to administer a Claim in arbitration, then either party shall have the right to proceed If you receive our explanation but still believe your bill is wrong, you must write to us continue to notify us promptly every time your billing statement reflects a new charge. terms have the following definitions. The words we, our and us mean First Horizon Bank, any right of appeal provided by the FAA. Costs will be allocated in the same way as costs are within 10 days telling us that you still refuse to pay. If you do so, we cannot report you Visa Money Transfer. ..............................................................................................................4 its parent company, and their direct and indirect subsidiaries and affiliates,…”
Detected in the CFPB-filed cardholder agreements from First Horizon 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.
Show the exact wording ↓Hide wording ↑
“…lity in this user of the account, or legal representative of any of the foregoing, and anyone to a particular Claim shall not waive your right or our right to demand arbitration of procedures of the Administrator. In addition, in the event that you receive an arbitration If we do not believe there was a mistake: You will h…”
“your regular terms will resume at the time our offer specifies. Occasionally, you may be ARBITRATION: PLEASE READ THE FOLLOWING ARBITRATION PROVISION CAREFULLY. IT Initiation of Arbitration. The party electing arbitration must use the arbitration administrator laws relating to arbitration. Either p…”
You can't band together with other cardholders in a class action.
Show the exact wording ↓Hide wording ↑
“…your available point balance, no matter the cause, household purposes. The word Claim means any claim, controversy, or dispute of any which case the Class Action Waiver set forth below still applies. will bear its own attorneys fees and costs, regardless of who prevails. as delinquent if you do not pay the amount we…”
“…its parent company, and their direct and indirect subsidiaries and affiliates, together with with the Claim as a lawsuit in court, in which case the Class Action Waiver set forth below allocated in arbitration by a single arbitrator. A final and binding award is subject to judicial Finance Charges....................…”
You waive your right to have a dispute heard by a jury.
Show the exact wording ↓Hide wording ↑
“…hase. to the account. The word Claim includes, but is not limited to, any claim, controversy the right to proceed as part of any class action and (2) waive the right to a trial by jury except for any right of appeal provided by the FAA. Costs will be allocated in the same within 10 days telling us that you still refuse to pay. If yo…”
“…ient representative of any of the foregoing, and anyone claiming through such person or incident right to proceed as part of any class action and (2) waive the right to a trial by jury of any Paying Interest...............................................................................................................................…”
The issuer reserves the right to change your rates, fees and terms at any time.
Show the exact wording ↓Hide wording ↑
“…fy our Banking Online Department if you change your e-mail limiting or disallowing refunds, you will be bound by it. If you make travel or lodging or Changes In Terms. You consent and agree that at any time we may add, delete, If the periodic interest charge calculated for a billing cycle in the manner described in a member of the Armed Forces and his or…”
“…licable Cash Advance Fee(s)). The the Cash Advance balance for each day of the monthly billing cycle by subtracting payments Online Department if you change your e-mail address by following the instructions in your Changes In Terms. You consent and agree that at any time we may add, delete, remove, the applicable margin ( Margin ). Margin means the percentage points added to the Prime amount of interest charged will b…”
“FIRST HORIZON VISA?? SIGNATURE Credit Card Disclosures PLEASE READ THESE TERMS AND CONDITIONS. We may change the rates, fees, and terms of your account at any time in accordance with the Cardholder Agreement to be sent with your card and with applicable law. CREDIT CARD DISCLOSURES Current Information: The infor…”
Slip up and your rate can jump to a much higher penalty APR.
Show the exact wording ↓Hide wording ↑
“….75%. APR for Cash Advances market based on the Prime Rate. Application of Payments: We will determine, at our discretion, the amount of and order in Penalty APR and which minimum payments will be applied to Purchases, Balance Transfers, Cash Advances, None When It Applies Interest, Finance Charges, and other…”
The contract lets you reject arbitration (usually within a short deadline) and keep your right to sue.
Show the exact wording ↓Hide wording ↑
“…ency concerning your Visa Signature claiming through such person or incident to the account.. The word Consumer any other Claim. If the Administrator declines to administer a Claim in arbitration, then award that is greater than our last written settlement offer, the arbitrator shall have the question, along with applicable interest and fee…”
“…t for Payment Processing............................................................................................................................3 declines to administer a Claim in arbitration, then either party shall have the right to proceed If you receive our explanation but still believe your bill is wrong, you must write to us conti…”