IDBank extends the promotion

ArmInfo.IDBank extends the  campaign "Additional cashback with Idram Rocket Visa card" until the  end of the year.

As ArmInfo was explained in the press service of the  bank, the card holder, when choosing an Idram Rocket Visa card while  making contactless payments via the Idram application using QR or  NFC, receives a 5% additional cashback from the bank.  According to  the source, each cardholder can receive from the bank cashback up to  20 thousand drams per month. Cashback for the current month is paid  out until the 25th of the next month.

The Idram Rocket Visa card  offers many advantages: the card is free; interest income is  calculated on the positive balance of the card account daily at the  rate of 4.5% per annum; 0.5% cashback from non-cash purchases; free  replenishment of the card from the Idram wallet, from any card  attached to it, from IDBank accounts, from the terminals of two  companies, from branches of the Bank.

Idram Rocket Visa card can be ordered online through the IDBanking.am  system, from the Idram website and mobile application, as well as  from IDBank branches. If necessary, the card can be delivered to the  address specified by the client.

When ordering a free Idram Rocket Visa card online from September 5  to October 5 (via the Idram mobile application or IDBanking.am  system), two invitation tickets to the KinoPark movie theater will be  presented to watch your favorite movie.

A more detailed description is available under the link:  https://www.idbank.am/ru/news/?news=2825 Note that in May 2019, in  cooperation with Idram, IDBank issued a new Rocket Visa card, which  provides the holder with the opportunity to receive cashback and use  modern technological capabilities. In addition, when transferring  their free funds to the Rocket card, the client receives 4.5% per  annum. And customers whose credit rating will allow them to get a  credit line will be able to open it on a Rocket card within the limit  set by the bank, and for this there is no need to visit the bank,  just give consent to the loan when ordering the card online. The bank  plans to expand the capabilities of the card, as a result of which it  will become even more convenient and attractive.

According to the 19th edition of the Armenian Banks in the Card  Business analytical survey, prepared by IR ArmInfo, the number of  active IDBank cards reached 53 thousand by April 1, 2019, of which  about 26 thousand are Visa. The bank increased the total number of  active cards on an annualized basis by 16.8%, in particular,  increasing the number of Visa by 17.4%. So, for the considered annual  period, the bank issued over 7.6 thousand cards, of which about 3.9  thousand cards. - this is Visa. The total volume of IDBank plastic  transactions in 2018 amounted to 66.9 billion drams (with an annual  growth of 2.1 times), most of which are cashless transactions (incl.  Internet transactions). The bank has 249 own POS-terminals and 53  ATMs, mainly concentrated in the capital. IDBank (formerly called  Anelik Bank) was the first among Armenian banks to issue and service  international Visa and MasterCard simultaneously with local cards.   Recall that IDBank (until June 2018 called Anelik Bank) has been  operating in the Armenian market since October 1996. The Bank's  shareholders are: the Cypriot company FISTOCO LTD with a 59.68%  ownership interest and the Lebanese CreditBank S.A.L Bank, 40.32%.  Indirect majority shareholders are individuals: Tarek J. Khalefe  (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).