Credit cards and arbitration clauses
We just received a notice from our credit card company notifiying us that, effective the beginning of the new year, that all disputes will be subject to binding arbitration. This means that one gives up the right to sue and cannot enter a class action suit.
I take a dim view of this, but may keep the card and find another one for those times when I want to use one. I would keep the original card since we've had it a long time which is good for one's credit rating.
Do other's credit cards have such clauses?