If what this guy did was fraudulent, then each and every time the credit card companies rewrite their contracts in micro font, and add "unless we hear from you, the new terms apply", are also committing fraud. It will be an interesting case. This guy is a hero! This was nothing short of genius. They sent him an offer, he counter offered, and the bank accepted when they issued the card. Had he accepted the contract without reading it, the bank would have asked "Didn't you read the document you signed? The terms are clearly spelled out in the contract." There is no fraud here. Dmitry spelled out his terms, and it was up tot he bank whether or not to accept the agreement. They accepted his modified contract without reviewing it. Sucks to be them. I applaud the judge for seeing things as he did. I am feeling slightly compelled to try this one day.
A Russian man who decided to write his own small print in a credit card contract has had his changes upheld in court. He's now suing the country's leading online bank for more than 24 million rubles ($727,000) in compensation. Disappointed by the terms of the unsolicited offer for a credit card from Tinkoff Credit Systems in 2008, a 42-year-old Dmitry Agarkov from the city of Voronezh decided to hand write his own credits terms. The trick was that Agarkov simply scanned the bank’s document and ‘amended’ the small print with his own terms. He opted for a 0 percent interest rate and no fees, adding that the customer "is not obliged to pay any fees and charges imposed by bank tariffs." The bank, however, didn’t read ‘the amendments’, as it signed and certified the document, as well as sent the man a credit card. Under the agreement, the bank OK'd to provide unlimited credit, according to Agarkov’s lawyer Dmitry Mikhalevich talking to Kommersant daily. (Russia Today )