VUB Bank to Issue American Express Cards in Slovakia

VUB will be responsible for issuing the cards, managing the customer relationships, providing customer service, billing and credit management. American Express will be responsible for signing new merchants in Slovakia to accept the American Express Card at their establishments. Unique Benefits and Services for Slovak Consumers VUB will issue Blue from American Express to its customers, but also non-customers, in particular younger and aspirational ones. In addition to its unique design that includes a smart chip, the product offers Cardmembers 0.5% cashback on all purchases made by Blue Card, which is accounted for as a credit on a Cardmembers statement at year-end. It means, for example, that a Cardmember who makes monthly purchases totalling SKK 15,000 would receive SKK 900 as a statement credit at the end of the year. The card also offers payoff flexibility as it allows Cardmembers to pay off everything at once or spread out the payments over a longer period of time. The new Blue from American Express is a Smart Credit Card with an embedded Chip featuring ID Keeper. ID Keeper is an innovative application on the Cards Chip which allows Cardmembers to securely store their favourite website addresses, personal details, passwords, user names and auto-fill online shopping order forms. This enables Cardmembers to shop online more securely, swiftly and conveniently. The VUB Bank American Express Gold Card is designed to meet the financial and travel needs of VUBs private banking and premium customers. Within the Gold Card travel insurance, for example, a Cardmember could receive up to USD 750 for food, refreshment and accommodation if travellers plane is delayed. In case of luggage delay, the Cardmember could receive up to USD 750 for purchase of clothes and if the luggage is lost traveller could receive up to an additional USD 1,250. In medical emergency American Express will arrange medical assistance and pay for the expenses. When during travelling the Cardmember needs to suddenly return home, American Express will arrange the transportation and cover all costs related to the early return. In addition, the Gold Card exclusively offers Cardmembers Purchase Protection insurance, which is a unique benefit that protects Cardmembers in the event an item they purchase is lost or stolen. Both products will offer VUB Bank-American Express Cardmembers up to 50 days interest free period and a robust package of benefits and services including 24x7 customer service both in Slovakia and around the world; access to the worldwide network of more than 2,000 American Express Travel Service Offices where Cardmembers can seek assistance and receive 48-hour emergency card replacement. The VUB Bank-American Express Cards also provide exclusive Cardmember offers at many hotels, restaurants and retailers in Slovkia in dozens of countries around the world through the special programme called American Express Selects. In addition, the Card products will provide access to Travel Accident Insurance, which provides coverage for death or injury resulting from accident while traveling; and also Fraud Protection, which limits a Cardmembers liability if their Card is used for fraudulent purposes. Both the American Express Gold Card and Blue from American Express issued by VUB can be used to make purchases at the majority of Slovak merchants that accept the card, including large retailers, gas and petrol stations, hotels and restaurants, and the millions of establishments that accept the American Express Card for payment globally.