Ameriabank, Best Card unveil new cashback project, AYO card

PanARMENIAN.Net - Ameriabank and Best Card company on Tuesday, December 13 unveiled a new cashback project, as well as the AYO card and AYO program.

The AYO program enables all Ameriabank cardholders (except for gift and business cards) to receive cashback for every payment made at partner shopping centers and service points. The amount of the refund will vary depending on a particular program and could reach up to 20%. Payment cards AYO Visa Classic and Visa Gold are intended for non-cash payments and online purchases both in Armenia and abroad, allowing customers to also obtain a line of credit on Ameriabank’s terms.

According to Ameriabank Retail Director Arman Barseghyan, the program is implemented as part of the bank’s strategy to enhance the retail market through new services and changes of existing terms.

"AYO cashback project means that an amount will be returned to client’s card in case of non-cash payments, and it actually means a certain discount," said Barseghyan.

He also said that not only do the the card AYO Visa Classic and Visa Gold provide a payment mechanism with the cashback possibility, but they also allow the use of Ameriabank’s standard credit lines.

In turn, General Director of Best Card Marina Dallakyan noted that the difference between AYO project and other similar programs is that it comprises the largest list of partner companies operating in various fields, including supermarkets, gas stations, shoe stores, clothing stores, leisure and entertainment centers, insurance companies, etc.

According to her, cooperation with Rosgosstrakh makes virtually all users of AYO cards insured against accidents. In addition, holders of Visa Gold cards will be provided with certain discounts by partner companies.

AYO cards can be obtained by Armenian citizens, who are 18 and older, as well as foreign citizens, while the credit cards can be obtained by persons between the ages of 21 to 63 years if they comply with Ameriabank requirements. Soon, AYOCARD mobile application will be available on the App Store and the Google Play.

Ameriabank is a universal bank providing investment, corporate and retail banking services in a comprehensive package of banking solutions. It is the first investment bank in Armenia which has been providing a wide range of innovative banking services since 2008.