Originally Posted by ogg

Look, I know all these agreements have a clause that the bank can close your accounts without a reason. Often they add that they will confiscate all rewards when an account is closed. But that doesn't prevent arbitration on a number of grounds. For example, suppose a bank said it would pay you 10% cash back at the end of six months for all your purchases with no limits on rewards earned--and then closed all accounts that earned $1K or more after five months. Could it really win a court case or arbitration by saying the terms gave it the right to confiscate rewards and close accounts without giving a reason at any time? I don't think our system works that way. It's bait and switch, false advertising--likely many other legal violations of consumer and advertising and banking laws, regardless of what the bank says in its terms. And whether ultimately successful or not, you can still make a stink and get paid to shut up.