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Converse Bank offers the best option for summer vacation - it launches ConverseQvota service, thus expanding the opportunities for the Bank’s cardholders to make use of a credit line/limit.

“It’s an unprecedented offer for Armenia, which allows making advantageous purchases with a credit card in the Bank’s partner network of service and trade sectors, paying for the purchase gradually, without any interest or fees. In particular, within the framework of ConverseQvota service, an amount equivalent to the cost of the purchased product or service will be separated from the customer’s credit line/limit and will be recorded for repayment as interest-free loan with maturity up to 12 months. The cost of the purchased product will be repaid within the loan maturity, in equal installments, allowing customers to optimize their expenses and plan the family budget, without paying a large amount at once”, - said the release issued by the Bank, emphasizing that no interest will be accrued to the cost of the purchased product during the loan service term.

In parallel, the funds used from the credit limit will be automatically replenished for the amount of the monthly installment of the cost of the purchased product or service.

It was mentioned at the Bank that during the first stage of introduction of ConverseQvota service, the cardholders having a credit limit/credit line provided by Converse Bank will get the opportunity to make use of the services of travel agencies “Visa Concord”, “Tatev”, “Liberty”, “Gasa”, and “Sputnik”, as well as “Fly Dubai” air company, and buy a travel voucher, air ticket, incoming and outgoing tourism packages.

“Currently, negotiations are under way to expand the partner network in the service and trade sectors and provide the customers with more comprehensive services. Within days, “Armenia” air company will join the list of partner organizations for ConverseQvota service,” the release added.