Woman՚s card belongs to the MasterCard Standard international payment cards class and it has all the advantages peculiar to its card type:

• unlimited cash receipt and performance of non-cash transactions in all trade/service and encashment points all over the world where sign exists,
• ability of virtual trade and payments in the internet environment,
• from card to card fast money transfers,
• free receipt of extracts in the way preferred by a cardholder,
• SMS receipt on transaction at the moment of conduction,
• transfer of salary immediately on a card account,
• ensuring of secrecy and security of cardholder՚s personal data, card flow and balance,
• additional card provision to family members under a card account,
• ability of credit line acquisition,
• transfer of amount available on the cardholder՚s card account in case of loss of the card outside the RA territory.
• Ensuring in the virtual /internet/ environment the modern 3D Secure security system consonant with the international criteria 

Attention! Specially for Woman՚s card cardholders: 

• Attractive and multifunctional card wrapping in a form of a women cosmetic bag.
• Discounts in over 40 trade points. 

Restrictions

• None

Currency

• AMD, USD, Euro

Secured with funds

• AMD, USD, Euro

Amount of the credit limit

• AMD 150 000 -1 000 000 or its equivalent in foreign currency

Validity term

• 60 months

Period of provision of the credit limit

• Until submission by the client of the card closing application or closing of the limit based on the Bank’s justified opinion

Period of preparation and provision

• Maximum 5 working days

Interest rate

• Is approved by the Management Board

Setting the limit

• For card holders and not cardholders of “Converse Bank” CJSC, up to three fold of the net salary or average monthly income /from entrepreneurial activity, pension, rent, and other documentarily evidenced income/, depending on the client’s creditworthiness.

Procedure of repayment and calculation of interest

• The transactions performed by the client each month are reflected in the monthly statement. The statement date is the 1st, 10th, or 25th day of each month /if it’s a non-working day, then the next working day/.
• For salary cards, statement date is the 25th or 10th day of each month, at the client’s choice. / if it’s a non-working day, then the next working day /.
• The credit limit can be repaid by 2 options:

Option 1. Credit cards with a grace period

• The client is granted with a grace period of 15 days starting from the statement date, and in case of paying the full used part of the credit limit during the grace period no interest is charged.
• The client shall repay the debt specified in the statement until expiry of the grace period, in accordance with the Tariffs and Rates set by the Bank.
• The part of the credit limit used by the client is restored for the size of the repaid amount.
• In case of failure to repay fully the liability created at the end of the grace period, interest is accrued at the interest rates set by the Bank’s tariffs at the given moment. After preparation of the statement the client shall credit to the account at least 10% of the credit limit used by the client plus the interest accrued for the current month, of which the interest calculated for each month shall be deducted and the remaining amount of the credited amount shall be directed for restoration of the credit limit used by the client. In case of failure to make the minimum 10% payment set for the credit limit, the used limit is considered overdue for the respective amount, and daily penalty of 0.15% of the overdue amount is accrued.

Option 2. Credit cards without a grace period

• The credit limit is provided without a grace period for repayment, interest is accrued to the used credit limit daily.
• On the preferred day of each month, the client shall repay the interest accrued to the used portion of the credit limit as of the given day / and/or the penalty. In case of failure to repay the interest within the required period, penalty of 0.4 percent of the overdue interest amount is accrued.
• The client is offered the opportunity to repay the accrued interest preliminarily, 15 days in advance.
• The accrued interest is the sum of interest accrued to separate transactions for the period starting from the date of recording a transaction until the date of repayment of the transaction amount.
• Regular credits made by the client are used for repayment of the used limit, after which the limit is restored for the same amount.

Penalties

• In certain cases, depending on the place of usage of the Card and the character of the transaction, the credit limit of the card can be exceeded in the result of one or several transactions, in case of which a penalty is accrued in the size set by the Bank’s Tariffs and Rates.

“WARNIGN: IF YOU FAIL TO REPAY THE INTEREST AND PRINCIPAL AMOUNT OF THE LOAN IN TIME, INFORMATION ABOUT YOU WILL BE SENT TO THE CREDIT REGISTER”

List of required documents

• Application;
• Passport;
• Public services number or a reference on having no public services number;
• Reference from the place of employment printed on the employer’s letterhead, specifying the position held, length of service, and size of the net salary. The client can be also required to present a copy of his/her available annual individual statement submitted for the client by the employer to the RA Social Insurance Fund. (this list of documents doesn’t apply to cards secured with pledge of funds or to corporate credit cards);
• If cards are provided to private entrepreneurs:
• PE’s certificate;
• TIN;
• Results of business analysis approved by the CFD, according to "Converse Bank" CJSC's Regulation on Provision of Individual Loans;
• Other documents evidencing income;
• Other documents, if required.