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Russia’s Raiffeisenbank Visa card travel benefits

Raiffeisenbank and Visa announce a new offer for card holders. Now customers can enjoy a rebate on spending abroad.

The more Visa debit or credit card holders spend until November 15, 2013, the more they can get back. The cardholder will receive 1% of the total amount paid on one purchase, 2% on two purchases, and so on.

Most card holders prefer to shop abroad. Average card turnover in foreign countries is much higher than in Russia  by 15-20%. This is mainly because using a card abroad is convenient and there is no need to exchange currency before the trip, said Alexey Kapustin, Head of Retail Products and Customer Relations at ZAO Raiffeisenbank.

According to the Visa Global Travel Intentions Study 2013, conducted at Visas request among European travellers, Russian tourists are the most willing to spend money on trips (USD 2569 on average). Moreover, they plan to increase their travel expenses by a record-breaking 36% to USD 3501, said Andrey Vylegzhanin, Head of the Visa Business Development Department in Russia. These numbers assure us that this offer will be popular with Raiffeisenbank Visa card holders who can not only spend their money conveniently, but also save on trips.

To participate in this offer, please sign up at the Visa Web site or send an sms with Visa to 7243.

For offer terms, please visit the ZAO Raiffeisenbank Web site.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 11th among the Russian banks in terms of assets, based on H1 2013 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of liabilities of individuals and 10th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the worlds financial centres and in Asia, the groups further geographical area of focus. In total, more than 59,000 employees serve some 14.2 million customers through more than 3,000 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBIs shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the countrys largest banking group, and serves as the group head office of the entire RZB Group, including RBI.


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