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Mastercard World Black Edition Credit Card

Premium credit card with exclusive benefits to fit your lifestyle

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 Edition 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 and 3D secure technology and you also get confirmation of your card transactions via free SMS service.
  • Travel Insurance
    Travel insurance free package offers various insurance services, with up to EUR 50,000 coverage worldwide. Enjoy your trip while Mastercard World Black Edition card takes care of the rest.
  • 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 Mastercard Airport Experience with 1 annual free of charge entrance to airport VIP lounges1.
  • Emergency services abroad
    Get your card re-issued within 48 hours, or receive cash within 24 hours in case of an emergency abroad.

1 Additional cardholder does not have free access.

How the Mastercard World Black Edition card can help you

Security and comfort

Mastercard World Black Edition card guarantees high level of security. Make fast and secure payments via innovative contactless technology.

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.

Travel insurance free package offers various insurance services, with up to EUR 50,000 coverage worldwide. Enjoy your trip while World Mastercard Black Edition card takes care of the rest. 

Travel insurance covers the following:
Insurance services Refund limit applies Currency Refund maximum limit Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
Emergency evacuation & repatriation expenses
Per event EUR 50,000 100
Emergency medical expenses Per event EUR 50,000 100
Personal accident full trip (accidental death & disability) Per event EUR 50,000 Not applicable
Hospital daily benefit Per day (max 30 days) EUR 50 48 hours
Loss of baggage Per event EUR 1,200 50
Loss of money Per event EUR 800 50
Trip cancellation Per event

EUR 2,000 Not applicable
Missed departure Per event

EUR 2,000 Not applicable
Travel delay Per hour (max 12 hours) EUR 60 4 hours
Baggage delay Per hour (max 12 hours) EUR 60 4 hours
Documents replacement Per event
EUR 400 Not applicable
Personal liability Per event
EUR 50,000 Not applicable
Travel insurance covers the following:
Insurance services Emergency evacuation & repatriation expenses
Refund limit applies Per event
Currency EUR
Refund maximum limit 50,000
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
100
Insurance services Emergency medical expenses
Refund limit applies Per event
Currency EUR
Refund maximum limit 50,000
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
100
Insurance services Personal accident full trip (accidental death & disability)
Refund limit applies Per event
Currency EUR
Refund maximum limit 50,000
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
Not applicable
Insurance services Hospital daily benefit
Refund limit applies Per day (max 30 days)
Currency EUR
Refund maximum limit 50
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
48 hours
Insurance services Loss of baggage
Refund limit applies Per event
Currency EUR
Refund maximum limit 1,200
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
50
Insurance services Loss of money
Refund limit applies Per event
Currency EUR
Refund maximum limit 800
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
50
Insurance services Trip cancellation
Refund limit applies Per event

Currency EUR
Refund maximum limit 2,000
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
Not applicable
Insurance services Missed departure
Refund limit applies Per event

Currency EUR
Refund maximum limit 2,000
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
Not applicable
Insurance services Travel delay
Refund limit applies Per hour (max 12 hours)
Currency EUR
Refund maximum limit 60
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
4 hours
Insurance services Baggage delay
Refund limit applies Per hour (max 12 hours)
Currency EUR
Refund maximum limit 60
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
4 hours
Insurance services Documents replacement
Refund limit applies Per event
Currency EUR
Refund maximum limit 400
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
Not applicable
Insurance services Personal liability
Refund limit applies Per event
Currency EUR
Refund maximum limit 50,000
Nonrefundable amount/ nonrefundable period (EUR / HOUR) for each person
Not applicable

Mandatory condition: travel insurance is applicable only in case 50% or minimum EUR 300 amount (whichever is less) of the trip cost has been paid by using your Mastercard World Black Edition Card.

For more information:

Be more confident with your Mastercard World Black Edition card when travelling, even if you have lost your cash or card.

  • Your card will be re-issued within 48 hours.
  • Get emergency cash of up to USD 2,000 for your needs within 24 hours. 
  • Mastercard Airport Experiences gives access to airport VIP lounges in over 1200 airports around the world.
  • As a Mastercard World Black Edition cardholder you receive one free access to VIP lounges on an annual basis1.

Mastercard Airport Experiences service considers 1 free entrance for main cardholder to more than 1200 airport Mastercard Airport Experiences VIP lounges worldwide during calendar year from 01 January till 31 December inclusive. Unutilised free of charge access during the calendar year not transferred to next year. If main cardholder utilises 1 free access, then all consecutive entrances are available after appropriate payment. Before visiting airport lounges, please familiarise yourself with the applicable terms and conditions, as well as other details by visiting https://airport.mastercard.com/.

Mastercard Airport Experiences is available on our mobile application, which you can download from the App Store or Google PlayTM by entering Mastercard Airport Experiences and signing up according to the instructions.

Via application, the current discounts and special offers will be available. 

1 Additional cardholder does not have free access

Use exclusive discounts and special treatment in more than 100 sales and service centers in Armenia and in various hotels, restaurants, SPA and shopping centers abroad which are mentioned in Bank’s home&Away site.

Card fees and charges

Card type Mastercard World Black Edition card
Card currency
AMD
Card issuance and monthly service fee
Free1
Additional card issuance and service fee2
Free
Annual nominal interest rate of credit line
18%
Annual Percentage Rate of credit line3
Starting from 19.56%4
Encashment fee when using HSBC Bank Armenia ATMs and POS terminals
Free
Encashment fee when using other ATMs and POS terminals within ArCa system
1.5% of encashment amount (minimum AMD 500)
Encashment fee when using other ATMs and POS terminals outside ArCa system
2.5% of encashment amount (minimum AMD 1,000 from ATMs, minimum AMD 3,000 from POS terminals)
International Concierge membership service fee Free
Priority Pass membership fee Free
Fee for usage of Priority Pass card in airport lounges5 AMD 20,000 per visit
Travel insurance
Free
Emergency cash advance fee abroad (up to USD 2,000)6 AMD 50,000

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

0.75% of transfer amount

From bank credit card money transfer to other debit cards within ArCa system (via ArCa website www.arca.am)

1.5% of transfer amount

Card reissuance fee
Free
Additional card reissuance fee Free
Card emergency reissuance fee abroad6 AMD 75,000
Card PIN unblock fee
Free
Charge slip retrieval
AMD 8,000*
Dispute of genuine transaction
AMD 15,000
Card limit permanent and temporary review
Free
SMS service
Free
Monthly statement delivery (within Armenia)
Free
Fee for each copy of card account statement (if earlier than 6 months)
AMD 3,000*
Late payment fee
10% of overdue amount, maximum AMD 20,000
Overlimit fee
10% of overlimit amount, maximum AMD 20,000
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 Bank

Up to AMD 25,000
Minimum payment due 10% of closing debit balance (minimum AMD 10,000)
Declined authorization fee (applied by Mastercard) AMD equivalent of USD 0,25 (for each case)
Credit limit and currency

Minimum AMD 1,000,000

Maximum AMD 5,000,000

Grace (interest free) period7 Up to maximum 45 days (Maximum 15 days from the statement generation date)

Card fees and charges

Card type Card currency
Mastercard World Black Edition card AMD
Card type Card issuance and monthly service fee
Mastercard World Black Edition card Free1
Card type Additional card issuance and service fee2
Mastercard World Black Edition card Free
Card type Annual nominal interest rate of credit line
Mastercard World Black Edition card 18%
Card type Annual Percentage Rate of credit line3
Mastercard World Black Edition card Starting from 19.56%4
Card type Encashment fee when using HSBC Bank Armenia ATMs and POS terminals
Mastercard World Black Edition card Free
Card type Encashment fee when using other ATMs and POS terminals within ArCa system
Mastercard World Black Edition card 1.5% of encashment amount (minimum AMD 500)
Card type Encashment fee when using other ATMs and POS terminals outside ArCa system
Mastercard World Black Edition card 2.5% of encashment amount (minimum AMD 1,000 from ATMs, minimum AMD 3,000 from POS terminals)
Card type International Concierge membership service fee
Mastercard World Black Edition card Free
Card type Priority Pass membership fee
Mastercard World Black Edition card Free
Card type Fee for usage of Priority Pass card in airport lounges5
Mastercard World Black Edition card AMD 20,000 per visit
Card type Travel insurance
Mastercard World Black Edition card Free
Card type Emergency cash advance fee abroad (up to USD 2,000)6
Mastercard World Black Edition card AMD 50,000
Card type

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

Mastercard World Black Edition card

0.75% of transfer amount

Card type From bank credit card money transfer to other debit cards within ArCa system (via ArCa website www.arca.am)
Mastercard World Black Edition card

1.5% of transfer amount

Card type Card reissuance fee
Mastercard World Black Edition card Free
Card type Additional card reissuance fee
Mastercard World Black Edition card Free
Card type Card emergency reissuance fee abroad6
Mastercard World Black Edition card AMD 75,000
Card type Card PIN unblock fee
Mastercard World Black Edition card Free
Card type Charge slip retrieval
Mastercard World Black Edition card AMD 8,000*
Card type Dispute of genuine transaction
Mastercard World Black Edition card AMD 15,000
Card type Card limit permanent and temporary review
Mastercard World Black Edition card Free
Card type SMS service
Mastercard World Black Edition card Free
Card type Monthly statement delivery (within Armenia)
Mastercard World Black Edition card Free
Card type Fee for each copy of card account statement (if earlier than 6 months)
Mastercard World Black Edition card AMD 3,000*
Card type Late payment fee
Mastercard World Black Edition card 10% of overdue amount, maximum AMD 20,000
Card type Overlimit fee
Mastercard World Black Edition card 10% of overlimit amount, maximum AMD 20,000
Card type Maximum cash withdrawals (per day)
Mastercard World Black Edition card 40% of credit limit or AMD 500,000 (whichever is higher)
Card type Number of cash withdrawals (per day)
Mastercard World Black Edition card Maximum 3
Card type Maximum limit for each non-cash transaction
Mastercard World Black Edition card AMD 10,000,000
Card type Total number of transactions per day (including cash and non-cash transactions and balance enquiries)  
Mastercard World Black Edition card 20
Card type

Lost card liability, after the customer has

informed the Bank

Mastercard World Black Edition card Up to AMD 25,000
Card type Minimum payment due
Mastercard World Black Edition card 10% of closing debit balance (minimum AMD 10,000)
Card type Declined authorization fee (applied by Mastercard)
Mastercard World Black Edition card AMD equivalent of USD 0,25 (for each case)
Card type Credit limit and currency
Mastercard World Black Edition card

Minimum AMD 1,000,000

Maximum AMD 5,000,000

Card type Grace (interest free) period7
Mastercard World Black Edition card Up to maximum 45 days (Maximum 15 days from the statement generation date)

1For non-STATUS customers no issuance fee, monthly service fee AMD 5 000.

2Additional card’s tariffs are regulated in accordance with the primary card tariffs.

3For more information about Annual Percentage Rate please refer to our website at www.hsbc.am or see “Card Products Tariffs and Other Conditions” booklet.

419,99% for non-STATUS customers and does not include luxury privileges fee.

5Mastercard Airport Experiences service considers 1 free entrance for main cardholder to more than 1200 airport Mastercard Airport Experiences 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 cardholder utilizes 1 free access, then all consecutive entrances are available after appropriate payment. Before visiting airport lounges, please familiarize with applicable terms and conditions, as well as other details by visiting https://airport.mastercard.com/.

6For emergency cash advance within 24 hours and emergency card replacement within 48 hours outside of Armenia, please call +374 60 655 000 Bank call centre. 

7Grace 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. Annual nominal fixed interest rate is calculated after moment of making encashment from credit by daily basis on utilized amount.

* Inclusive of VAT.

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 TIMELINES AND TERMS.
  • No interest is calculated against the credit balance of card account.
  • Cardholder's minimum age should be 18, maximum age 65.
  • 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 approve applied product with respective credit line is made and customer is informed accordingly within 3 business days after the presentation of all necessary documents. 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
  • The customer has the right to unilaterally terminate the card agreement within 7 (seven) working days from the date of signing, in which the customer is obliged to pay the amount of the credit limit used and the interest amount accrued for these days, which is calculated with the respective APR. 
  • The customer has the right to terminate the card agreement and close the credit card without paying any penalties. Customer is obliged to pay the amount of the credit limit used and the interest amount accrued for the used days of credit line, which is calculated with the respective APR.
  • The bank may require the customer’s obligations to be secured with guarantee at its discretion, based on risk assessment results.

General terms

  • All tariffs and charges related to products and services offered by “HSBC Bank Armenia” CJSC may be changed with reasonable notice.
  • All types of charges are paid in AMD.
  • Special tariffs and offers may not apply for products and services provided within special offer.
  • As a rule, all charges will be debited/paid from the account to which the banking transaction has been effected. If the subject account is in foreign currency, the bank reserves the right to conduct a foreign exchange transaction for the amount to be charged in AMD. The foreign exchange transaction will be conducted at the average/mean foreign currency rate published by the Central Bank of Armenia (CBA) as of the previous/current day of transaction (depending on the time of the  transaction), unless it is specified otherwise in this Tariff of Charges.

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".

Before signing the loan agreement, you have the opportunity to get acquainted with the essential terms of the loan and, if desired, compare it with the essential terms of the loan offered by other creditors.

The Individual Bulletin defines the essential terms and tariffs of the given credit, consumer rights and obligations applicable to all customers and the negative consequences in case of non-fulfillment in time.

The Individual Bulletin includes, but is not limited to:

  • type of credit
  • credit amount
  • credit provision term
  • credit annual nominal interest rate
  • credit annual percentage interest rate
  • credit related payments
  • if the fulfillment of the consumer's obligations is secured by a pledge and (or) guarantee, security section should cover:

- type of pledge

- note on the guarantor

  • and other conditions

We would also like to inform you that there may be differences between the Individual Bulletin and mortgage lending agreements due to changes in the repayment schedule and (or) the exchange rate.

The terms of the Individual Bulletin are valid for 10 working days after informing you, as a consumer, about the positive decision of the credit application. In case the consumer (guarantor) wants to sign the Individual Bulletin immediately, the Bank gives sufficient time to the consumer (guarantor) to read the Individual Bulletin in detail. If the consumer submits the signed Individual Bulletin to the Bank later than the established term, the Bank decides whether to sign the lending or mortgage lending agreement under those conditions in accordance with its internal legal acts or no.

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 1 :

  • If you have only a dram denominated bank deposit in the bank, the maximum amount of the guaranteed deposit is AMD 16 million.
  • If you have only a foreign currency denominated bank deposit in the bank, the maximum amount of the guaranteed deposit is AMD 7 million.
  • If you have dram and foreign currency denominated bank deposits in the bank, and the dram denominated deposit exceeds AMD 7 million, only up to AMD 16 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 7 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 7 million and the reimbursed dram denominated bank deposit.

 

1 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.

Frequently Asked Questions

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Last updated on: 30.11.20, 11:29