FlyerTalk Forums - View Single Post - Elan Financial Services closed my Fidelity account without notice; forfeited all of m
Old Sep 3, 2019 | 9:28 am
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cestmoi123
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Originally Posted by mia
In any event other banks that have confiscated rewards balances when closing accounts have agreed to compensate the account holders: https://topclassactions.com/lawsuit-...on-settlement/
As that article notes, a key portion of the claim was that "Chase reportedly failed to inform cardholders that their credit card points could be forfeited at any time for any reason at Chase’s discretion."

So, no claim that Chase didn't have the right to do what they did, but just a debate over whether Chase had sufficiently informed the plaintiffs that they had the right.
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