How Easy It Is to Opt Out of Apple Card Link Arbitration
Want to use your new Apple Card? Before you start spending money, you need to consider another additional challenge: to eliminate compulsory arbitration.
You will notice binding arbitration clauses in many financial agreements because they help protect banks and their business partners from litigation. If you agree to binding arbitration, you cannot take legal action against the company or join a class action lawsuit; your question can only be resolved by a third-party arbiter. If you don’t like what the arbiter decides, you still have to come to terms with it.
Not all credit cards allow you to opt out of mandatory arbitration, but Apple Card does. And it makes it easy for you to opt out by letting you do it via text message. In fact, if you have any questions about using Apple Card, you can get help via text message (instead of using your phone like a regular phone and waiting on hold).
Nick Guy shared a screenshot on Twitter to illustrate how easy it was to get rid of arbitration on his new Apple Card:
Take a moment to submit your opt-out request, and then relax in the knowledge that if you end up running into a major problem with your Apple Card, you have access to all the options to fix the problem.