Hello janfromct! Yes, I'm assuming all members with the AARP Chase credit card received the same letter. Here's the thing which REALLY SURPRISES ME - the Barclays credit card terms and conditions include a binding arbitration clause. This REQUIRES card holders to deal only with an arbitrator assigned by Barclays and that their decision on any dispute is absolute and cannot be appealed. Over 90% of arbitrated disputes are found in favor of the credit card company. I recently wrote to AARP management/board of directors and said this:
"As I understand the letter AARP sent to all members on July 2, 2021, notifying us of the program in place to cancel our existing AARP/Chase credit cards to transition to a new AARP/Barclays credit card, the new Barclays Terms and Conditions Agreement will contain a binding arbitration clause, with no “opt out” option.
AARP has been a champion supporter of consumer rights in the past and particularly supportive of fighting against binding arbitration clauses in consumer credit card agreements. This new program - moving members to Barclays - is contrary to that fight and support AARP has given members in the past.
So, I do not understand why the AARP Board of Directors, or management, has chosen to take this path and include a binding arbitration clause in the proposed new AARP Credit Card with Barclays. I for one, will not be transitioning to it. There are plenty of other credit card options out there which do not include a binding arbitration clause.
If management, or the BOD, have an explanation for members as to why it is now in support of binding arbitration in member financial agreements I’d love to hear it."
I encourage other members to do the same.