{"id":250367,"date":"2022-06-02T12:15:29","date_gmt":"2022-06-02T12:15:29","guid":{"rendered":"https:\/\/armbanks.am\/2022\/06\/02\/250367\/"},"modified":"2022-06-02T12:15:29","modified_gmt":"2022-06-02T12:15:29","slug":"three-armenian-banks-join-government-designed-cashback-for-senior-citizens-scheme","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/06\/02\/250367\/","title":{"rendered":"Three Armenian banks join government-designed cashback for senior citizens\u00a0scheme"},"content":{"rendered":"\n<p><strong>YEREVAN, June 2. \/ARKA\/.<\/strong> Three Armenia-based commercial banks &#8211; Armbusinessbank, Ardshinbank and VTB Bank (Armenia)\u00a0&#8211;\u00a0have joined the government-designed\u00a0scheme that will allow senior citizens to earn a certain amount of cashback if they use their credit or debit cards to pay for purchases.<\/p>\n\n\n\n<p>The decision comes into force on July 1, 2022. According to the decision, pensioners who hold cards of the banks which are government\u2019s partners will be refunded 10% of the total amount spent on payments and purchases in the previous month.<\/p>\n\n\n\n<p>However, the total amount of&nbsp;cashback&nbsp;may not exceed 5000 drams a month (a little more than $10). These amendments will also apply to payment of utility bills through ATMs of partner banks.<\/p>\n\n\n\n<p>&#8220;Out of 560 thousand pensioners&nbsp;in Armenia&nbsp;some 390 thousand use&nbsp;bank cards. Only 1,000 out of 80,000 socially disadvantaged&nbsp;pensioners&nbsp;use bank cards,&#8221; Labor and Social Affairs Minister Narek Mkrtchyan said&nbsp;today.<\/p>\n\n\n\n<p>According to him&nbsp;after July 1, when the decision comes&nbsp;into force, the number of bank card holders&nbsp;is expected to&nbsp;rise.&nbsp;There are currently 17 commercial banks in Armenia. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three Armenia-based commercial banks &#8211; Armbusinessbank, Ardshinbank and VTB Bank (Armenia)\u00a0&#8211;\u00a0have joined the government-designed\u00a0scheme that will allow senior citizens to earn a certain amount of cashback if they use their credit or debit cards to pay for purchases<\/p>\n","protected":false},"author":1,"featured_media":174236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-250367","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250367"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/174236"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}