My gym offers a membership - $30/month with credit card and a one year term, no initiation fee, or $50/month, $75 initiation fee on a month-by-month basis. When I sign up for the one year membership, I put my signature on a contract, indicating that I will oblige by all the conditions.
Should I be allowed to sign up for the one year term, and then cancel my credit card after a couple months?
Whenever you enter a contract, there are conditions that must be fulfilled to cancel that contract. Simply saying "I didn't read those conditions" or "I don't want the product anymore" is not a sufficient condition to terminate the contract. And thinking that you can get out of it by "canceling the credit card" is naive in my opinion.
Should I be allowed to sign up for the one year term, and then cancel my credit card after a couple months?
Whenever you enter a contract, there are conditions that must be fulfilled to cancel that contract. Simply saying "I didn't read those conditions" or "I don't want the product anymore" is not a sufficient condition to terminate the contract. And thinking that you can get out of it by "canceling the credit card" is naive in my opinion.