Chase has made some changes to account terms, the two major changes are as follows:
- All references to Chase Bank USA, N.AÂ will now be JPMorgan Chase Bank. Some people have received alerts from Credit Karma/Credit Sesame saying that a new account has been added, but I think this is just a result of this name change. This is also showing up as JPMCB on those sites.
- Chase has added a binding arbitration provision. Â It looks like those are eligible for the Military Lending Act are automatically opted out of this provision. If you don’t want binding arbitration then you can reject this by mailing a rejection letter to Chase by 8/9/19
The other changes are as follows:
- Addition of My Chase Loan & My Chase Plan. These are flexible financing offers
- Minimum payment will now be $35.
Hat tip to reader @GOSavorLA & Travel With Grant
