American Express cards celebrate three years of presence in Armenia

28.11.2013 17:07
American Express cards celebrate three years of presence in Armenia

YEREVAN, November 28. /ARKA/. "Three years ago ACBA-CREDIT AGRICOLE BANK in partnership with American Express ® Gold issued the first American Express ® Gold cards in Armenia, making the services of this 150 year-old company available also to clients in Armenia,’ ACBA- CREDIT AGRICOLE BANK said today in a press release on the occasion of the three- year presence of American Express in Armenia.

ACBA-CREDIT AGRICOLE BANK holds the exclusive right to issue and service American Express cards.

Presently ACBA- CREDIT AGRICOLE BANK offers two types of American Express cards –American Express ® Gold, which provides cardholders with a wide range of exclusive opportunities and privileges associated with the American Express brand, including a full package of travel insurance, purchase insurance and insurance of financial resources against fraud, as well as road assistance.

Besides, cardholders are eligible to American Express Membership Rewards bonus program, enabling them to collect points and exchange them for various goods and services. Cardholders can also take advantage of American Express Selects’ special offers of international and local retail -service businesses.

"The arrival of American Express in Armenia has contributed to the development of healthy competition for the benefit of domestic consumers,” the press release says.

In September 2011, the bank issued American Express Blue cards, designed for advanced users. It is a credit card providing financial flexibility, world class customer service, as well as a variety of reward and benefit programs aimed at meeting the requirements of creative people leading active lifestyle.

On the occasion of the three-year presence in Armenia the bank and American Express have prepared special offers for their Armenian cardholders.

As part of Membership Rewards program American Express Gold cardholders, as well as those who will obtain it from November 1, 2013 to January 31, 2014 will have a unique opportunity to gain additional 40,000 MR points, which is equivalent to the cost of an air ticket from Yerevan to Paris and back to Yerevan. Additional points will be provided to all those customers who will make one million drams worth monthly payments within six subsequent months.

Beginning from November 11, 2013 it takes only 72 hours for issuance of American Express Blue cards without additional documents and guarantors.

In addition, the bank offers its customers an opportunity to choose a service payment option - monthly or annually. The average service fee for American Express Gold card is 5000 drams per month or 50,000 drams a year. The service fee for American Express Blue card is 1,500 drams a month or 15,000 drams a year. More information is available at

ACBA- CREDIT AGRICOLE BANK is one of the leading banks in Armenia in terms of some financial indicators. As of September 30, 2013 it boasted the largest capital and was third by size of total assets.

The assets of ACBA- CREDIT AGRICOLE BANK amounted to 263.9 billion drams on September 30, 2013 (6.68 % growth from the year before), its liabilities upped 6.32 percent to about 211 billion drams, while its capital soared by 8.17 percent to 52.8 billion drams.

ACBA- CREDIT AGRICOLE BANK is the leading bank by size of lending to farmers and agribusiness, playing also an important role for SME sector with a wide and well-organized network of branches and franchises.
The bank was founded in 1995 within the European Union TACIS program. In 2006 Credit Agricole became its largest shareholder by acquiring a large portion of its shares. Thanks to financial stability and reliability the bank has gained fame and credibility both in Armenia and outside it.

American Express, founded in 1850, is a leading international company in production and servicing of credit cards and traveler's checks, as well as in the field of tourism. The company is represented in 139 countries. For more information visit -0-

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Tags: , , Новости Армении АМИ Новости-Армения

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