Russian turns tables on credit card company

[Stratman]

Man who created own credit card sues bank for not sticking to terms

When Dmitry Argarkov was sent a letter offering him a credit card, he found the rates not to his liking.
But he didn't throw the contract away or shred it. Instead, the 42-year-old from Voronezh, Russia, scanned it into his computer, altered the terms and sent it back to Tinkoff Credit Systems.
Mr Argarkov's version of the contract contained a 0pc interest rate, no fees and no credit limit. Every time the bank failed to comply with the rules, he would fine them 3m rubles (£58,716). If Tinkoff tried to cancel the contract, it would have to pay him 6m rubles.
Tinkoff apparently failed to read the amendments, signed the contract and sent Mr Argakov a credit card.

The bank sued him for fees and charges which were not in the altered version of the contract but the court found in favour of Agarkov, who only had to pay the outstanding balance.


It has to be worth a try

 

[Dieselman]

Surely, they could pursue him for obtaining the card and subsequent funds by deception.

 

[Steve_Perry]

Surely, they could pursue him for obtaining the card and subsequent funds by deception.

I presume not because they (the bank) willingly signed up to the terms and conditions, regardless of who wrote (re-wrote) them? Also, I would have no idea how the laws maybe different between Russia and the UK. Would be good to try something like that here hehe. My guess is, given the mercenary nature of our banks here, a trick like that would not last a second.

S.