Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
JPMorgan Chase & Co. and Chase Bank USA NA have reportedly agreed to pay more than $2 million to settle a class action lawsuit accusing them of unlawfully forfeiting credit card holders’ rewards points upon the closure of Chase credit card accounts.
If you held a credit card issued by Chase Bank USA and your rewards points were forfeited upon the closure of your credit card account since June 2009, and you were not given a chance to redeem your points after the credit card account was closed, you may be entitled to benefits from the Chase class action settlement.
Plaintiffs Harry Gao and Roberta Socall allege that the Chase defendants “engaged in a ubiquitous, pervasive media marketing campaign promoting their various credit card rewards programs.” The reward cards were allegedly promoted as having points that “never expire.” This campaign was designed to encourage consumers to apply for and use Chase rewards credit cards.
“Chase’s relentless, omnipresent media campaign made their rewards cards some of the most widely held and used credit cards in the nation,” the Chase class action lawsuit alleged.
However, Chase reportedly failed to inform cardholders that their credit card points could be forfeited at any time for any reason at Chase’s discretion. The plaintiffs assert that this information was not disclosed on any of the marketing, advertising or promotional materials.
Gao and Socall allege in the Chase class action lawsuit that they were persuaded to sign up for Chase rewards cards based on the effective marketing campaign. However, according to the Chase class action lawsuit, their rewards credit card accounts were terminated, even though their accounts had never been in default and they had never missed a monthly payment.
“In terminating their accounts, Chase stripped plaintiffs of all the unredeemed rewards points that they had earned – without any form of compensation whatsoever,” the Chase rewards points class action lawsuit asserts.
The Chase defendants deny the allegations but agreed to settle the rewards points forfeiture class action lawsuit to avoid the cost and uncertainty of trial.
If you would like to exclude yourself from or object to the Chase rewards class action settlement, you must do so no later than Feb. 15, 2017.
Who’s Eligible
You are a Class Member of the Chase rewards settlement if, between June 2009 and the present, you forfeited points when your Chase credit card account was closed, and you were not given the opportunity to redeem your points after the account was closed.
Potential Award
Varies.
The amount each Class Member will receive depends on how many timely and valid claims are filed.
Proof of Purchase
N/A
Claim Form Deadline
3/17/2017
Case Name
Gao, et al. v. JPMorgan Chase & Co., et al., Case No. 1:14-cv-04281, in the U.S. District Court for the Southern District of New York
Final Hearing
9/12/2017 UPDATED
UPDATE: The Chase Credit Card Rewards class action settlement was granted final approval on September 12, 2017. Let Top Class Actions know when you receive a check in the comments section below or on our Facebook page.
Settlement Website
www.ChaseRewardsProgramSettlement.com
Claims Administrator
Chase Rewards Program Settlement
c/o Kurtzman Carson Consultants (KCC)
P.O. Box 43428
Providence, RI 02940-3428
1-855-306-9709
admin@ChaseRewardsProgramSettlement.com
Class Counsel
Richard M. Golomb
Kenneth J. Grunfeld
GOLOMB & HONIK PC
Ted Trief
Barbara Olk
TRIEF & OLK
Defense Counsel
Noah A. Levine
Alan E. Schoenfeld
WILMER CUTLER PICKERING HALE AND DORR LLP
ATTORNEY ADVERTISING
Top Class Actions is a Proud Member of the American Bar Association
LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2024 Top Class Actions® LLC
Various Trademarks held by their respective owners
This website is not intended for viewing or usage by European Union citizens.
21 thoughts onChase Credit Card Rewards Points Forfeiture Class Action Settlement
Any chance there will be another lawsuit?
I never received anything from this after review-odd