Isn't the likely outcome of opting out that Chase just closes your account?
Chase did a bad thing, so we did a good thing
21–30 of 246 posts
Re: Chase did a bad thing, so we did a good thing
#22I read somewhere that Chase will close out your account if you opt out. Is this true?
Re: Chase did a bad thing, so we did a good thing
#23I just want to point out that, as a user, opting out of this portion of Chase's agreement could result in Chase deciding to close your account. Not advocating what course of action to take, but merely pointing out that there is risk associated with this action.
That being said, I have read through the email from Chase, and there is nothing that explicitly states that they will close it as a result of the user opting out of arbitration.
Does anyone have experience with similar situations with Chase or other banks and agreement opt-outs that they could share?
Re: Chase did a bad thing, so we did a good thing
#24Thanks, I'd been meaning to do this but couldn't be arsed.
This seems to be, at least in part, advertising for your bank. I clicked on it, but could get no real information about it. Would be curious for more info about it, as I'm generally tired of dealing with bad online presence.
Re: Chase did a bad thing, so we did a good thing
#25How secure is this website? What prevents a phishing site from pretending to be an opt-out site?
Hey there, Maker of the site here! Our servers don't touch any of this data, it goes straight to Very Good Security and lives in a PCI compliant vault ... We ourselves are building a new kind of bank so we take security very seriously and are not phishing. Happy to talk through in more details but the FAQs do a pretty good job of that too!
FYI - there is some duplicated content under the "How does this site work?" heading.
Re: Chase did a bad thing, so we did a good thing
#26Link to the "full privacy policy" 404s, which is not a good thing, given you are asking people to enter their full names, addresses, CC numbers.
Re: Chase did a bad thing, so we did a good thing
#27Under the "What is the actual language in the agreement sent by Chase?" FAQ item, it says --
"Can I (the customer) reject this agreement to arbitrate?
Yes. You have the right to reject this agreement to arbitrate if you notify us no later than 8/9/2019. You must do so in writing by stating that you reject this agreement to arbitrate and include your name, account number, address and personal signature. Your notice must be mailed to us at P.O. Box 15298, Wilmington, DE 19850-5298. Rejection notices sent to any other address, or sent by electronic mail or communicated orally, will not be accepted or effective." (emphasis mine)
How does this service handle the "personal signature" requirement?
Re: Chase did a bad thing, so we did a good thing
#28I just want to point out that, as a user, opting out of this portion of Chase's agreement could result in Chase deciding to close your account. Not advocating what course of action to take, but merely pointing out that there is risk associated with this action. That being said, I have read through the email from Chase, and there is nothing that explicitly states that they will close it as a result of the user opting…
This is a reasonable consideration in my (non-legal) opinion. Chase has apparently come out and said they will not be closing accounts however: https://milestomemories.boardingarea.com/chase-says-they-wil...
Re: Chase did a bad thing, so we did a good thing
#29Assuming that you're completely legit and utterly competent, there's still a big security problem here: it's encouraging people to put their PII and CC info into arbitrary Web sites.
On top of that, it's further identifying them as both Chase CC holders and receptive to scams, qualifying them as leads for further phishing/scamming.
Re: Chase did a bad thing, so we did a good thing
#30This is great!
What would be really cool is to see this extended to many types of opt-out-by-email things — I know it's a pretty widely-used dark pattern by e.g. newspapers and spam mail companies.