IDBank in cooperation with Idram has released a new card Rocket Visa

ArmInfo. IDBank, in cooperation  with Idram, has released a new Rocket Visa card, which provides the  holder with the opportunity to get cashback and use modern  technological capabilities.

As the press service of the bank told ArmInfo, the card can be  ordered online, from IDBanking system, Idram's website, Idram mobile  application or in the branches of the Bank and, if you prefer, you  can get it via delivery, within 2-5 business days after ordering the  card online. Card account openingisfreeof charge. 

As IDBank Retail Banking Director Vardan Gevorgyan explained , the  Rocket card is first and foremost a convenient tool for daily usage  that enables a cardholder to take advantage of the current  technological opportunities. The card can be replenished instantly  from Idram wallet account, IDBank accounts, from any card attached to  Idram wallet, terminals of the two companies and branches of IDBank  without commission fee. After the card is activated, its balance is  reflected on the Idram application, and whenever you want to make  payment, you may choose that card as a fund source. One can transfer  their free money on to the Rocket card and receive 4.5% annual  interest on the positive balance.

  Besides, in case of making non-cash purchases via Rocket card, the  customer gets cashback, and the card also has an opportunity of  making non-contact payments. Moreover, customers with positive  assessment of creditworthiness will have the opportunity to get a  credit line together with the Rocket card, the limit of which will be  set by the bank. There is no need to visit the bank for getting a  credit line; you only need to confirm your intention to get a credit  line while ordering the card," said Vardan Gevorgyan, adding that the  opportunities of the card would be expanded to make its usage more  convenient and attractive.

More information is available on the bank's website under the link:  https://www.idbank.am/retail/idram- rocket-visa/#2663

According to the analytical review "Armenian  Banks in the Card  Business", prepared by ArmInfo IC, the number of active IDBank cards  exceeded 49.2 thousand units by October 1, 2018, of which about 19.2  thousand were ArCa and more than 23.2 thousand - Visa, and the rest  over 6.8 thousand - MasterCard. The Bank increased the total number  of active cards by 32.2% annually due to a significant increase in  the number of Visa and MasterCard (by 49-72%). Namely, for the  considered annual period, the bank issued over 12 thousand cards, of  which 7.7 thousand - Visa. The total amount of plastic transactions  of IDBank in the first 9 months of 2018 amounted to 22.3 billion  drams, of which about 14 billion are ATM transactions.  The bank has  152 own POS terminals and 52 ATMs, mainly concentrated in the  capital. IDBank (formerly called Anelik Bank) was the first among  Armenian banks to issue and maintain international Visa and  MasterCard simultaneously with local cards.

To recall, IDBank (until June 2018, called Anelik Bank) has been  operating in the Armenian market since October 1996. The Bank's  shareholders are the Cyprus-based company FISTOCO LTD with a share of  59.68% and the Lebanese Bank CreditBank S.A.L - 40.32%. The indirect  majority shareholders are physical persons: Tarek J. Khalife  (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).