Card Type

 CLASSIC/ ELECTRON/  salary cards 

Restrictions

Provided only to employees of employer-organizations-customers of Converse Bank CJSC, with whom an Agreement on providing of salary program with payment cards is signed, pursuant to which employees' salaries are paid to card accounts.

Currency

AMD

Card Term

24 months

Term for Card preparation and issue

maximum 10 business days

Credit Limit amount

Up to 4-fold of salary

Credit interest rate

According to agreement

Calculation of Repayment Interest

Transactions of customer within each month are reflected in a monthly statement. The 25-th of every month is deemed a statement preparation day.
In case of salary cards the statement preparation day is deemed the 25^th or 10^th of each month upon customer request.
A customer is provided with a 15-day grace period from the statement preparation day, in which course no interest is collected if the portion of the used loan limit is paid in full.
Customer must repay at least 10% of the debt stated but not less than AMD 5 000 by the end of the grace period.
Тhe Credit Limit used by a customer is recovered at the repaid amounts.
Interests are calculated on the non-repaid portion of liability formed at the end of grace period according to interest rates set by the Bank's tariffs at that moment.
The calculated interest is the aggregation of interests accrued from all the separate transactions for the period between transaction calculation and repayment of transaction amount.
Regular entries of salaries in the accounts are directed to the repayment of the limit used, after which the limit is recovered at the same amount.

In exceptional cases and depending on the place of card use and character of transaction, a credit limit may be exceeded as a result of one or several transactions, in which case a fine at 20% of the exceeded portion is calculated but no more than AMD 5,000.

• Application
• Passport
• Social cards
• On the Employer's Form: reference from place of employment with indication of the position, length of service, and net salary rate (the list of these documents doesn't refer to credit cards secured by cash assets)
• Other documents upon necessity
  *  term for provision of salary reference must not be more that 15 calendar days.