Converse Bank has launched a new service – “ConverseQvota”, thus enhancing the opportunities of credit line/limit usage by the bank’s cardholders.  

“This is an unprecedented offer for Armenia, which allows making advantageous purchases with credit card in the bank’s partner network in service and trade sectors, paying for them gradually, without interest amount or commission fees. Namely, within the framework of “ConverseQvota” service, an amount equal to the cost of the purchased product or service will be separated from the customers’ credit line/limit and will be scheduled as an interest-free loan with a maximum period of 12 months.  The cost of the purchased goods will be repaid during the maturity term of the loan in equal installments, allowing the customers to optimize their expenses and plan the family budget, without paying a big amount at once,” the bank informed, stressing that no interest will be accrued towards the cost of the purchased product within the period of service of the loan.

At the same time, the funds used from the credit limit will be automatically replenished in the amount of the monthly installment for the cost of the purchased product or service.

The bank emphasized that during the first stage of implementation of “ConverseQvota” service, the bank’s cardholders with a credit limit or line will have the opportunity to use the services offered by Visa Concord, Tatev, Liberty, and Gasa travel agencies, and buy a travel voucher, an air ticket, or a travel package on favorable terms.

“Currently, we are in the process of negotiations aimed at expanding the partner network in the service and trade sectors and providing the customers with more comprehensive services,” the bank concluded.