Russian customers amends credit card offers and sues bank

  • Dmitry Argarkov amended a credit card offer from Tinkoff Credit Systems by changing the terms and adding the right to impose heavy fees on the bank if it failed to honor the contract. The bank approved the deal without noticing the fine print. 

    Argarkov's lawyer said the credit limit was unlimited and that he only had a $575 balance on his account when Tinkoff tried to shut down the card following overdue fees. The bank sued when Argarkov refused to pay but the judge gave him partial victory. He owed only $575 but not the fees since that wasn't a part of his version of the contract. 

    The man has now sued the bank for $730,000 for not honoring the contract. 

    Tagged as: Tinkoff credit systems, Credit Card offer amended, Tinkoff, Money News, Business News