Opt Out

Many financial organizations have programs for customers to protect them from over-charges and things like job loss.

However, such programs are not always free: One may have to agree to certain fees or charges to enroll. Since such things are voluntary, one can decide not to sign on the dotted line and agree to the terms of the programs.

When you say no to enrolling or participating, you are then opting out. To opt out of a program, one may need to sign a form saying so since some banks will automatically enroll customers once they sign up for an account.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!