Araratbank starts issuing debit-credit Autocards

Arminfo
2007-03-10 00:47:00

Araratbank has started to issue debit-credit ArCa cards – Autocards.

The head of the plastic card department of the bank Gagik Shahinyan
says that there are three types of Atuocards: Classic, Gold (for
physical entities) and Business (for legal entities). The partner
network of the project consists of seven car services: Mercedes
Service, BMW Service, KIA Motors, KARKOMAUTO, Bosh Car Service, Flash
network of fuelling stations, Tufenkyan Hotel Network, where
card-holders can enjoy up to 15% discounts.

One of the key advantages of Classic card is INGO-Armenia third car
insurance policy and of Gold cards – additional 1.5mln AMD accident
insurance policy. Besides, the bank provides bonuses: return of 0.25%
of total transaction amount to Classic card holders, 0.5% to Gold card
holders. The annual fee of Classic card is 5,000 AMD, Gold – 12,000
AMD, Business – 10,000 AMD for main card and 5,000 AMD for additional
one.

The bank is negotiating about discounts with the Georgian car services
situated along the roads heading for the Black Sea coast as tens of
thousands of Armenian cars pass by them every year.

Today, Araratbank has 5 bancomats and is going to redouble their
number by the end of this year. By the end of this year the bank is
planning to have 8,000 card holders. In the autumn the bank is going
to become an associate member of Master Card system.