Decrease in annual nominal interest rates for Credit Cards and Overdraft

Decrease in annual nominal interest rates for Credit Cards and Overdraft

Effective from 01 February, 2017

Dear Customer,

We are glad to inform that we have reviewed and decreased HSBC Bank Armenia credit card and Overdraft annual nominal interest rates.

Changes are presented below:

ArCa Classic card – 20% annual (compared to previous 22%)

MasterCard Standard Flexi card – 16% annual (compared to previous 18%)

MasterCard Standard card – 20% annual (compared to previous 21%)

MasterCard Gold card – 20% (compared to previous 21%)

MasterCard Platinum card – 20% (compared to previous 21%)

Overdraft

  • If the utilization of Overdraft limit does not exceed 70%, 18%* annual nominal interest rate will apply
  • If the utilization of Overdraft limit exceeds 70%, 16%* annual nominal interest rate will apply to the amount exceeding
    70% of the limit

*Compared to previous 20% and 18% respectively

The changed interest rates enter into effect on 01 February, 2017. Credit card and Overdraft other related tariffs and terms remain unchanged.

For more details or in case of questions please call us at +374 60 655 000 or visit any of our branches.


Thank you,
HSBC Bank Armenia



Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 01/02/2017 15:00