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9 Hard to Believe Credit Card Facts (Credit cards beginning with the digit 1 or 2 are issued by airlines)

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https://www.explosion.com/130106/9-hard-to-believe-credit-card-facts/

 


 

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Fact #9: Terms & Conditions apply

No matter where one applies for a credit card, there is always a disclaimer stating ‘Terms and Conditions apply’. In 2008, the Russian citizen Dmitry Agarko turned the tables on his bank by modifying the terms and conditions on his credit card application. The bank signed off on the document and effectively allowed Dmitry to use the card without paying any interest, fees or charges. Both parties later finally settled out of the court in 2013.

 

 

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Here is the back-story on Dmitry's fandango with the Russian bank... http://www.lifedaily.com/story/clever-customer-turns-the-tables-on-bank-with-legal-loophole/

 

Also, https://www.themoscowtimes.com/2013/08/14/man-who-outwitted-bank-ends-700k-lawsuit-a26770

 

Obviously it harkens back to the old days when we actually had to fill in a paper application and mail it in and then wait...and wait...and sometimes wait a little longer.  The kids around here might not remember those days LOL! 

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Here is the back-story on Dmitry's fandango with the Russian bank... http://www.lifedaily.com/story/clever-customer-turns-the-tables-on-bank-with-legal-loophole/
 
Also, https://www.themoscowtimes.com/2013/08/14/man-who-outwitted-bank-ends-700k-lawsuit-a26770
 
Obviously it harkens back to the old days when we actually had to fill in a paper application and mail it in and then wait...and wait...and sometimes wait a little longer.  The kids around here might not remember those days LOL! 
We still have those paper apps with pre-qualifiers or approvals come in mail. They also come with terms on paper. If a customer mails in the filled and signed app, won't the terms that came with the app apply?

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13 hours ago, credit_help said:
On 5/18/2019 at 7:16 AM, centex said:
Here is the back-story on Dmitry's fandango with the Russian bank... http://www.lifedaily.com/story/clever-customer-turns-the-tables-on-bank-with-legal-loophole/
 
Also, https://www.themoscowtimes.com/2013/08/14/man-who-outwitted-bank-ends-700k-lawsuit-a26770
 
Obviously it harkens back to the old days when we actually had to fill in a paper application and mail it in and then wait...and wait...and sometimes wait a little longer.  The kids around here might not remember those days LOL! 

We still have those paper apps with pre-qualifiers or approvals come in mail. They also come with terms on paper. If a customer mails in the filled and signed app, won't the terms that came with the app apply?

I was browser some random community site recently and instructions to apply for a credit card started with "download and print our application... then mail it or bring it to a branch"

 

I was tempted to do it just for the flashback experience

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