Monday, October 20 2014

ACBA-Credit Agricole Bank has awarded the winners of its CASHBACK QUEST, the most active holders of American ExpressR Cashback cards.  The Bank's press-service told ArmInfo. The winner of the quest was Anzhela Stepanyan who collected the biggest number of bonus points and received a monetary prize in the amount of 1.5 million drams. The next ten winners by the number of points received 150,000 drams each. 

According to the source, the winners received their prizes on their personal accounts and will withdraw money with their American ExpressR Cashback cards. 

'American ExpressR Cashback is the third product by American Express system to be introduced in Armenia by ACBA-Credit Agricole Bank. Along with car account management, it enables the cardholders to get cashback,>  says Hakob Andreasyan, Chief Executive Office of  ACBA-CREDIT AGRICOLE Bank.  He thanked the participants for active, fruitful and creative approach to the quest. 'We are boasts of our cusotmers and will continue such campaigns to encourage then also in future,> he said. 

It is noteworthy that the first year of service will be free for the CASHBACK QUEST participants.  The CASHBACK QUEST contest starts on 27 September and will last till October 17, 2014. The contestants will be given various tasks. After settling each task, the participants will earn bonus points, and the participant with the biggest number of bonus points will be the winner. The more tasks are settled, the more bonus points are accumulated. Further information is available at www.cashbackcard.am.  - -    To remind, in July 2014 ACBA-Credit Agricole Bank and American Express announced the issue of the American ExpressR Cashback card, which is an innovative product allowing the cardholders to manage their funds and accumulate compensations by CASHBACK payments. CASHBACK makes the daily purchases of the cardholders more profitable because it covers all purchases made in Armenia. The holders of American ExpressR Cashback cards offer 1% cashback for all point of sale transactions made in Armenia or 2% cashback for all transactions in a number of supermarkets in Yerevan and regions of Armenia. The American ExpressR Cashback card is the first American Express card in Armenia, which can be provided without any credit line.  According to the Analytical Review "Armenian Banks in Card Business" prepared by ArmInfo, ACBA- Credit Agricole Bank initiated the introduction of American Express cards and opened a new field for development of the card market in Armenia. At the initial stage (in March 2010) the Bank received the right to service the AmEx cards in the trade outlets of Armenia. Afterwards, it became the exclusive agent of American Express and on 23 November 2010 the Bank launched the issue of American Express Gold cards. In October 2011 ACBA-Credit Agricole Bank introduced an unprecedented card product in the Armenian market - American Express Blue Card (AmEx Blue). Along with it, ACBA-Credit Agricole Bank issues and services local ArCa cards and international Visa and MasterCards. By the number of active ArCa cards, the Bank is among the TOP-3, and by the number of Visa and MasterCards it is among the TOP-5. The Bank is ranked 2nd in terms of plastic transactions and it is in the lead in the number of ATMs and POS terminals (187 and 1210, respectively).