Published on May 29th, 2019 | by William Charles41
Chase Changes: Binding Arbitration & JPMorgan Chase Bank, N.A Instead Of Chase Bank USA, N.A
Chase has made some changes to account terms, the two major changes are as follows:
- All references to Chase Bank USA, N.A 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. 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