HSBC Mastercard World Black Edition

A premium credit card which offers high level of security, worldwide acceptance and exclusive privileges at home and abroad.

Benefits

With the HSBC Mastercard World Black Ediiton Credit Card you'll get:

  • Worldwide acceptance
    Experience special treatment and acceptance at more than 25 mln locations worldwide with up to AMD 5 mln credit limit on you card.
  • Extra security for your convenience
    Our Mastercard World Black Edition cards are secured with Chip&Pin technology and you also get confirmation of your card transactions via free SMS service.
  • Access to Mastercard Premium Clubs©
    As a World Black cardholder you have access to special offers, shopping and leisure discounts designed for Mastercard World Black Edition cardholders only.
  • Exclusive benefits
    With your World Black card we offer free international concierge service, free annual travel insurance and free Priority Pass card with 1 annual free of charge entrance to airport VIP lounges.
  • Emergency services abroad
    Get your card re-issued within 48 hours, or receive cash within 24 hours in case of an emergency abroad.

How the Mastercard World Black Edition card can help you

Order different services, make enquiries, arrange your everyday shopping, order air-tickets, make bookings both in Armenia and abroad, all this only with a phone call 24 hours a day, 7 days a week.

As a Mastercard World Black Edition cardholder you are offered free Travel insurance, with up to EUR 30,000 coverage worldwide yearly. In order to avail of this benefit please apply to the Bank.

  • Re-issue your Mastercard World Black Edition card within 48 hours if it has been stolen or lost
  • Get emergency cash of up to USD 1,000 within 24 hours
  • Priority pass card gives access to airport VIP lounges in over 600 airports around the world
  • As a Mastercard World Black Edition cardholder you receive one free access to VIP lounges on an annual basis

Get special discounts in more than 100 sales and service centres in Armenia and in various hotels, restaurants, spa and shopping centres abroad.

Fees and charges

Fee or charge Amount
Card currency
AMD
Card issuance fee
Free of charge
Card account monthly service fee
AMD 5,0001
Additional card issuance fee
Free of charge
Additional card monthly service fee (charged in accordance with the primary card tariffs)  Free of charge
Annual nominal interest rate2
18%
Annual Percentage Rate
Starting from 20,98%
Encashment fee when using HSBC Bank Armenia ATMs and POS terminals
Free of charge
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 5,000
Card PIN unblock fee
Free of charge
Charge slip retrieval
AMD 8,0004
Dispute of genuine transaction
AMD 15,000
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 3,0003
Late payment fee
10% of overdue amount, maximum AMD 20,000
Credit overlimit fee
10% of overlimit balance, maximum AMD 20,000
Emergency card replacement AMD 75,0004
Emergency cash advance AMD 50,0004

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 AMD 5,0001
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 Free of charge
Fee or charge Annual nominal interest rate2
Amount 18%
Fee or charge Annual Percentage Rate
Amount Starting from 20,98%
Fee or charge Encashment fee when using HSBC Bank Armenia ATMs and POS terminals
Amount Free of charge
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 5,000
Fee or charge Card PIN unblock fee
Amount Free of charge
Fee or charge Charge slip retrieval
Amount AMD 8,0004
Fee or charge Dispute of genuine transaction
Amount AMD 15,000
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 3,0003
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
Fee or charge Emergency card replacement
Amount AMD 75,0004
Fee or charge Emergency cash advance
Amount AMD 50,0004

1The fee is not applicable for STATUS Customers. 

2Information regarding Annual Percentage Rate can be found here.

3Inclusive of VAT.

4For emergency cash advance within 24 hours and emergency card replacement within 48 hours outside of Armenia, please call +1 (636) 722 711 1 Mastercard support.

Other conditions

Condition
Amount
Maximum cash withdrawals per day
40% of credit limit or AMD 500,000 whichever is higher
Number of cash withdrawals per day
Maximum 3
Maximum limit for each non-cash transaction
AMD 10,000,000
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 Bank1
Up to AMD 25,000
Declined authorisation fee (applied by MasterCard)
AMD equivalent of USD 0.25 (for each case)
Credit limit and currency2
From AMD 1,000,000 to AMD 5,000,000
Minimum payment due
10% of closing debit balance (minimum AMD 10,000)
Grace (interest free) period3
Up to maximum 45 days (Maximum 15 days from the statement generation date)
Priority Pass card issuance
Free of charge
Fee for usage of Priority Pass card in airport lounges4
AMD 20,000 per visit
Travel Insurance (annual)
Free of charge
International Concierge service
Free of charge

Other conditions

Condition
Maximum cash withdrawals per day
Amount 40% of credit limit or AMD 500,000 whichever is higher
Condition
Number of cash withdrawals per day
Amount Maximum 3
Condition
Maximum limit for each non-cash transaction
Amount AMD 10,000,000
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 Bank1
Amount Up to AMD 25,000
Condition
Declined authorisation fee (applied by MasterCard)
Amount AMD equivalent of USD 0.25 (for each case)
Condition
Credit limit and currency2
Amount From AMD 1,000,000 to AMD 5,000,000
Condition
Minimum payment due
Amount 10% of closing debit balance (minimum AMD 10,000)
Condition
Grace (interest free) period3
Amount Up to maximum 45 days (Maximum 15 days from the statement generation date)
Condition
Priority Pass card issuance
Amount Free of charge
Condition
Fee for usage of Priority Pass card in airport lounges4
Amount AMD 20,000 per visit
Condition
Travel Insurance (annual)
Amount Free of charge
Condition
International Concierge service
Amount Free of charge

1Refer to Section 7 of Card Products Terms & Conditions

2Applicable for individuals only.

3Grace 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. 

4Priority pass service considers 1 free entrance for main or additional (if applicable) cardholders to airport Priority Pass VIP lounges worldwide during calendar year from 01 January till 31 December inclusive. Unutilized free of charge access during the calendar year not transferred to next year. If main or additional cardholder utilizes 1 free access, then all consecutive entrances are chargeable. Before visiting airport lounges, please familiarise with applicable terms and conditions, as well as other details, by referring to Priority Pass Airport Lounges Directory available in our branches or by visiting www.prioritypass.com.

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
  • Mastercard World Black Edition 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 follows 5 :

  • 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.

 

5 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 in branch

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

Apply by phone

Call us: +374 60 655 000

Frequently Asked Questions

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Last updated on: 15/7/2019 06:14:25