virgin wines bank - Half price case and/or 33% interest

Maximillion

evening all

Thought I'd post this offer I recieved

virgins wines are doing this "wine bank" thing (see copy of terms/conditions below) to start it up you have to buy a pretty nice case of wine worth 105 quid - good thing is you get for only 50 odd pounds. You have to start paying into the "bank." However as far as I can make out there is no reason you can't buy the case and cancel the whole thing asap getting your first twenty quid back.

12 Wine Bank
12.1 A WineBank - not a normal Bank! To be crystal clear, the Virgin Wines WineBank is NOT a bank in the same sense that Barclays and NatWest are. It is a scheme where you pay us money to buy wine.
12.2 The beauty is that instead of US choosing which cases of wine will be discounted, we give YOU the discount in the form of "WineInterest" every 3 months - so you can put it towards the case of your choosing (there are a few very reasonable exceptions where you won't be able to use your WineBank balance - see point 10).
12.3 How it works is we bill your credit card an agreed amount each month. Every 3 months, if you are still a member of the WineBank, we pay an EXTRA instalment ("WineInterest") equal to your monthly payment. So if you are paying £20 a month, every 3 months you will end up with £60 you've paid in PLUS £20 we've paid in.
12.4 We will bill you your first month's instalment the day you join the WineBank, and subsequent months' on the 1st day of each month.
12.5 WineInterest will be paid on the 28th of every third month you remain in the WineBank.
12.6 Your money is safe. We keep any money you pay into the WineBank scheme in a different bank account, separate from Virgin Wines, so you are protected.
12.7 We keep the teeny-weeny bit of (real) interest our own bank pays on your deposits. But then we are paying you 33% (!) of what you've paid in every 3 months in "WineInterest", so that's all right then.
12.8 You are free to cancel your WineBank membership at any point. We will gladly refund any money you have paid into the WineBank. Any money Virgin Wines has paid in will not be refunded but will be converted into vouchers on your account, which must be used within 6 months of the date you cancel.
12.9 Cases bought partly or wholly with your WineBank balance are not eligible for free 13th bottles (normally associated with Wineclubs but also including 13th bottle promotions)
12.10 As you would expect, from time to time we run some fantastic offers - such as Buy One Get One Free - where we have to prevent you using your WineBank balance to buy them (we are already giving you 33% WineInterest after all!).
12.11 Customers with a VAA Flying Club number registered on their account will not receive any airmiles for orders bought partially or completely using WineBank, and the collection of monthly payments will also not generate airmiles.
12.12 Customers with an Egg credit card who normally receive cashback for placing orders will not be entitled to any cashback for orders bought partially or wholly using WineBank balance, and the collection of monthly payments will also not generate cashback.
12.13 We reserve the right to close the WineBank scheme at any time without prior notice. In such circumstances you will be refunded any money you have paid in to the WineBank, and any money Virgin Wines has paid in will be converted into vouchers on your account, which must be used within 6 months of the date the scheme is closed.