How to opt out of arbitration for the new Apple Card (and why you'd want to)

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How to opt out of arbitration for the new Apple Card (and why you'd want to)
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Read the fine print in your Apple Card contract — one clause means you give up your right to be heard in court.

, the bank that actually manages the card and handles the financing, you might have forfeited your right to sue either company. Instead, Goldman Sachs or Apple can choose to resolve the problem through an arbitration process, in which a theoretically neutral judge outside of the court system decides.

It should bring you to an automated text message chain labeled "Apple." Ask to opt out, and you should be done.Common in agreements "Mandatory arbitration is very common among credit card issuers," Rossman said. "23 of the 29 large credit card issuers we surveyed used mandatory arbitration." Arbitration is mainly used to kill class-action lawsuits where many customers band together to sue over what are often small, systemic mistakes, Bland said.

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