HSBC ArCa Classic Card

This card not only makes cash and non-cash transactions easy but also offers flexible repayments.

Benefits

With the HSBC ArCa Credit Card you'll get:

  • Flexible card
    ArCa Classic card is a convenient payment method with up to AMD 500,000 credit limit, and as low as AMD 250 encashment from HSBC ATMs.
  • Flexible repayment
    Choose your payment and statement date at your convenience.
  • Save money when you pay with your card
    Enjoy discounts at more than 100 sales and service centres in Armenia when you pay with your ArCa classic card.
  • Up to 45 days grace period
    Get up to 45 days of grace period for all your non-cash transactions, in case you fully repay your statement balance.
  • Free SMS service
    Get instant confirmation of your transactions via free SMS service.

Fees and charges

Fee or charge Amount
Card currency
AMD
Card issuance fee
Free of charge
Card account monthly service fee
Free of charge
Additional card issuance fee
Free of charge
Additional card monthly service fee (charged in accordance with the primary card tariffs)  AMD 500
Annual nominal interest rate1
18%
Annual Percentage Rate
Starting from 19,56%
Encashment fee when using HSBC Bank Armenia ATMs and POS terminals
AMD 250
Encashment fee when using other ATMs and POS terminals within ArCa system
1.5% (minimum AMD 500)
Encashment fee when using other ATMs and POS terminals outside ArCa system
2.5% (minimum AMD 1 000 from ATMs, minimum AMD 3,000 from POS terminals)

Card to card money transfer (via ArCa website www.arca.am)

  • 0.75% of transfer amount will apply to transfers between "HSBC Bank Armenia" credit cards
  • 1.5% of transfer amount will apply to transfers from "HSBC Bank Armenia" credit cards to other payment cards within ArCa system
Card reissuance fee
AMD 2,500
Card PIN unblock fee
AMD 1,000
Charge slip retrieval
AMD 5,0002
Dispute of genuine transaction
AMD 10,000
Card limit permanent and temporary review
Free of charge
SMS service
Free of charge
Monthly statement delivery (within Armenia)
Free of charge
Fee for each copy of card account statement (if earlier than 6 months)
AMD 3,0002
Late payment fee
10% of overdue amount, maximum AMD 20,000
Credit overlimit fee
10% of overlimit balance, maximum AMD 20,000

Fees and charges

Fee or charge Card currency
Amount AMD
Fee or charge Card issuance fee
Amount Free of charge
Fee or charge Card account monthly service fee
Amount Free of charge
Fee or charge Additional card issuance fee
Amount Free of charge
Fee or charge Additional card monthly service fee (charged in accordance with the primary card tariffs) 
Amount AMD 500
Fee or charge Annual nominal interest rate1
Amount 18%
Fee or charge Annual Percentage Rate
Amount Starting from 19,56%
Fee or charge Encashment fee when using HSBC Bank Armenia ATMs and POS terminals
Amount AMD 250
Fee or charge Encashment fee when using other ATMs and POS terminals within ArCa system
Amount 1.5% (minimum AMD 500)
Fee or charge Encashment fee when using other ATMs and POS terminals outside ArCa system
Amount 2.5% (minimum AMD 1 000 from ATMs, minimum AMD 3,000 from POS terminals)
Fee or charge

Card to card money transfer (via ArCa website www.arca.am)

Amount
  • 0.75% of transfer amount will apply to transfers between "HSBC Bank Armenia" credit cards
  • 1.5% of transfer amount will apply to transfers from "HSBC Bank Armenia" credit cards to other payment cards within ArCa system
Fee or charge Card reissuance fee
Amount AMD 2,500
Fee or charge Card PIN unblock fee
Amount AMD 1,000
Fee or charge Charge slip retrieval
Amount AMD 5,0002
Fee or charge Dispute of genuine transaction
Amount AMD 10,000
Fee or charge Card limit permanent and temporary review
Amount Free of charge
Fee or charge SMS service
Amount Free of charge
Fee or charge Monthly statement delivery (within Armenia)
Amount Free of charge
Fee or charge Fee for each copy of card account statement (if earlier than 6 months)
Amount AMD 3,0002
Fee or charge Late payment fee
Amount 10% of overdue amount, maximum AMD 20,000
Fee or charge Credit overlimit fee
Amount 10% of overlimit balance, maximum AMD 20,000

Other conditions

Condition
Amount
Maximum cash withdrawals per day
AMD 300,000
Number of cash withdrawals per day
Maximum 2
Maximum limit for each non-cash transaction
AMD 1,000,000
Total number of transactions per day (including cash and non-cash transactions and balance enquiries)
20
Lost card liability, after the customer has informed the Bank3
Up to AMD 25,000
Minimum payment due
10% of closing debit balance (minimum AMD 5,000)
Credit limit and currency4
From AMD 100,000 to AMD 500,000 
Grace (interest free) period5
Up to maximum 45 days (Maximum 15 days from the statement generation date)

Other conditions

Condition
Maximum cash withdrawals per day
Amount AMD 300,000
Condition
Number of cash withdrawals per day
Amount Maximum 2
Condition
Maximum limit for each non-cash transaction
Amount AMD 1,000,000
Condition
Total number of transactions per day (including cash and non-cash transactions and balance enquiries)
Amount 20
Condition
Lost card liability, after the customer has informed the Bank3
Amount Up to AMD 25,000
Condition
Minimum payment due
Amount 10% of closing debit balance (minimum AMD 5,000)
Condition
Credit limit and currency4
Amount From AMD 100,000 to AMD 500,000 
Condition
Grace (interest free) period5
Amount Up to maximum 45 days (Maximum 15 days from the statement generation date)

1Information regarding Annual Percentage Rate can be found here.

2Inclusive of VAT.

3Refer to Section 7 of Card Products Terms & Conditions

4Applicable for individuals only

5Grace period is applicable in case of non-cash transactions and if the payment of the whole statement Closing Balance is received by the bank on or before the Payment Due Date. Depending on the day of month when the transaction has been posted to card account, duration of the grace period may vary.

Important notes

  • Loan interest amount is being calculated based on the annual nominal interest rate, whereas the annual percentage rate or APR indicates how much would loan cost to borrower in case of repayment of interest amount and other payments under the defined timeline and terms.
  • No interest is calculated against the credit balance of card account
  • Cardholder's minimum age should be 18, maximum age 65
  • ArCa Classic cards are valid for three years period. Cards are subject to renewal upon bank's discretion.
  • Credit card limit is provided with indefinite term. The limit, however, may be reviewed upon Bank's discretion.
  • From time to time the Bank may review the Card nominal rates in order to reflect market trends
  • All terms and charges related to products and services offered by HSBC Bank Armenia are subject to amendments and modifications with reasonable notice
  • The decision to issue a credit card is made and the card is delivered to the address specified by the  customer, during maximum 10 working days after the presentation of all necessary documents.
  • In case you have outstanding obligations towards the creditor, the following repayment order will apply, when you fulfil your obligations:
  1. Penalties
  2. Interest
  3. Principal

Statements

The bank will provide customers with statements for their card accounts in the manner and terms stipulated by the RA legislation. The statements can be delivered to the customer's postal address, sent via email or collected from any branch of the bank. You can familiarise yourself with the conditions, terms and fees for provision of statements, copies of statements or other information by referring to Tariff of Charges and Terms and Conditions.

 

ATTENTION: IF YOU DON'T PAY THE DUE AMOUNT OF YOUR CREDIT CARD OR MAKE AN INCOMPLETE PAYMENT, INFORMATION ABOUT CREDIT HISTORY WILL BE SUBMITTED TO CENTRAL BANK OF ARMENIA AND ACRA CREDIT REPORTING CJSC IN THREE WORKING DAYS, RESULTING IN NEGATIVE IMPACT ON YOUR CREDIT HISTORY, SHOULD YOU DECIDE TO APPLY FOR ANOTHER LOAN IN THE FUTURE. YOU HAVE A RIGHT TO OBTAIN YOUR CREDIT HISTORY FROM CREDIT BUREAU FREE OF CHARGE ONCE A YEAR.

 

BEFORE SIGNING THE CARD AGREEMENT, INDIVIDUAL BULLETIN WITH CREDIT CARD TERMS TO BE PROVIDED, AS PER CENTRAL BANK OF ARMENIA REGULATION  8/05  “ON BUSINESS CONDUCT RULES OF FINANCIAL ORGANIZATIONS".

Deposit compensation guaranteed limits

Funds in bank accounts are guaranteed by the Deposit Guarantee Fund of Armenia in accordance with RA Law on Guaranteeing Compensation of Bank Deposits. Amounts of guaranteed deposits defined by the law are as follows6 :

  • If you have only a dram denominated bank deposit in the bank, the maximum amount of the guaranteed deposit is AMD 10 million.
  • If you have only a foreign currency denominated bank deposit in the bank, the maximum amount of the guaranteed deposit is AMD 5 million.
  • If you have dram and foreign currency denominated bank deposits in the bank, and the dram denominated deposit exceeds AMD 5 million, only up to AMD 10 million of the dram denominated deposit is guaranteed.
  • If you have dram and foreign currency denominated bank deposits in the bank, and the size of the dram denominated bank deposit is less than AMD 5 million, subject to guarantee is the full amount of the dram denominated bank deposit and the foreign currency denominated bank deposit in the amount which is equal to the difference between AMD 5 million and the reimbursed dram denominated bank deposit.

 

6 For more details, please visit www.adgf.am, the official web site of the Deposit Guarantee Fund of Armenia.

Important Notice

A customer’s right to manage their bank account and the funds available on it can be restricted due to decisions issued by the Judicial Acts Compulsory Enforcement Service or tax authorities based on court verdict. The customer may be informed about this after the bank has executed the decision on hold.

Levy of monetary funds without order of the customer can be executed on decisions issued by Judicial Acts Compulsory Enforcement Service and tax authorities based on court verdict. The customer may be informed about this after the bank has executed the decision on levy of funds from the customer’s account.

Apply by phone

Call us: +374 60 655 000

Apply in branch

Visit your nearest branch and speak to our staff, who would be delighted to help you.

Frequently Asked Questions

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Last updated on: 15/7/2019 05:46:39