Your credit card rights after you agree

It may surprise you to learn that you surrender a bevy of your legal rights when you agree to the “terms and conditions” of most major credit cards. “Most people don’t realize that in virtually every transaction that you enter into in your life — except for buying a pack of gum — you have agreed to arbitration and have given up your right to go to court, to a jury trial or to be part of a class- action suit,” Rep. Dennis Kucinich (D-Ohio) said. By marking the “I agree to the terms and conditions” box you have consented to relinquish your 7th Amendment right to a jury trial, your Constitutional right (Article 3) to use the courts, and your right to get the benefits of a class action under Rule 23 of the Rules of Civil Procedure. That means that any dispute you have must be settled in private arbitration. see credit card terms and conditions by banks