Visa PayWave card advantages

• Payment with Visa payWave card is fast
• For payments of up to 20,000 AMD, PIN code is not required,
• Making payment with the card, it is not required to give the card to the service staff or put it into the terminal and sign the payment order.

The number of trade points, offering the convenience of being serviced with Visa payWave cards is increasing worldwide, and today Visa payWave cards are serviced in thousands of trade and service points around the world.

Visa payWave technology enables you to make contactless payments by simply approaching the card to specific terminals.

• Visa Gold card is a credit card, which allows you to make all transactions, envisaged for Visa Classic card, providing a credit line with a longer grace period (by the 14^th of the following month).

Moreover, travelling with Visa Gold card, you can have medical and legal advisory services free of charge.

Take your Visa Gold card with you and be relaxed and confident travelling abroad.

With the card you can:

• Make Card-to-card transactions via ATMs,
• Make payments with tokenized cards
• Receive bank statement of your last ten transactions via ATMs,
• Register a Virtual Card to make payments with the card on the Armenian websites, pay for Utility Fees and make card-to-card transactions,
• Apply for a card credit line,
• Activate SMS notification service,
• Medical and legal advisory services.

In case of internet transactions, the one-time password application system (3D Secure) is used.

Service fee - 18,000 AMD annually, via acba digital - 15,000 AMD annually
Currency - AMD, USD, EUR
Credit Line Opportunity - Up to 18,000,000 AMD
Annual nominal interest rate on credit line 1 - Cards in AMD - 19․5-21%
Annual real interest rate of the credit line - AMD՝ 14.58-17.69%

Cash withdrawal fee from ATMs and POS terminals - 1%
Attachment - free (maximum 2 attachments)

In case of opening the first bank account (current, card, deposit) to non-resident individuals, a one-time commission of AMD 15,000 is charged, except when the account is opened to purchase ordinary (ordinary) shares of the Bank or to subscribe to the latter.

Find out more about all Visa Gold card issuance and service tariffs

Past terms of card tariffs.

1 Unless otherwise specified in the Bank's salary service plans.

The PIN code of the card is provided by the option chosen by the cardholder when ordering the card.

paper, in which case the PIN code is provided in a sealed envelope,
By SMS, in which case a six-digit one-time code is sent to the phone number registered in the Bank to receive the SMS message, which is used to define a new PIN via ATM.
The cards are reissued until the 10th business day of the last month of the validity period of the card.

The decision on card reissuance is made by the Bank based on the volume of card transactions, card service commission payments and funds available on the account, and in case of credit line cards, the number of overdue days.

The card shall be closed within three business days after the card has been previously processed, provided that the account balance is sufficient to process the card transactions and to charge the fees charged by the Bank.

The card can be closed only after fulfilling all monetary obligations.

In case of failure to return the card to the Bank when filing the Card Termination Application, the Cardholder bears full financial responsibility for transactions that do not require card-based certification (validity check) until after the Card Termination.

Card seizure is done by ATMs if:

After receiving cash / balance request, the customer did not withdraw his card from the ATM,
an ATM connection failure or other technical malfunction has occurred.
In case of confiscation of bank cards within 3 business days with the identification document presented to the Bank, the card is returned to the customer by the branch that confiscated the card, if the customer does not wish to receive the card from another branch.

In case of confiscation of the cards of another Armenian Bank within 3 business days, if the card is presented to the Bank, the card is returned to the customer. If the cardholder fails to appear, the card shall be transferred to the issuing bank in accordance with the Bank's current procedure.

In case of confiscation of the card of the foreign bank within 1 business day, the card is returned to the cardholder upon presentation of the Bank with the identification document. If the cardholder fails to appear, the card shall be transferred to the issuing bank in accordance with the Bank's current procedure.

The Card may be unblocked only if the Cardholder confirms that the transactions in question have been made orally or in writing.

The Bank may unilaterally block the Card in case of Credit Card overdue or other overdue loans in the Bank, up to the first business day following the day of repayment of the overdue liabilities, as well as in other cases stipulated by the Contract or by Armenian legislation.

The Bank may block the Cardholder Card without notifying the Cardholder if there is a risk of fraudulent transactions with the Card.

The Cardholder has the right to appeal the operation performed with his Card within 55 (fifty-five) calendar days after its performance.

The Bank shall provide a valid reply to the Cardholder within 90 (ninety) calendar days after the date of submission of the application.

If the transaction complained of by the Cardholder is a cash transaction, it shall be subject to Bank's approval only if the ATM or the bank serving the cash point accepts the fact of non-provision of cash.
If the transaction complained of by the Cardholder is a payment, internet payment or Card Payment transaction, then it is subject to satisfaction by the Bank if the Bank receives back the amount of the disputed transaction from the bank servicing the payment transaction within the scope of the Payment System rules.
If the Bank decides not to proceed with the appeal process under the Card Payment Payment System rules, but the Cardholder wishes to apply to the final stage of the appeal process, apply to the Arbitration Committee of the Payment System, and to the Arbitration Committee as well as the other fees set by the Arbitration Committee. In case of making a decision of the party the expenses incurred by the Bank shall be reimbursed by the Cardholder.

The Bank is not responsible.

a) Delayed, incorrect or unfulfilled transactions arising out of the fault of merchants or service providers or the Payment System or for technical reasons that were beyond the Bank's reasonable control;

(b) Failure to make cash or payment transactions with funds not belonging to the Bank if the Bank has not been found guilty of the failure.

c) for unlawful transactions carried out through Card or Card data, unless this is a consequence of the Bank's failure to perform its obligations under the Contract

d) for operations carried out using a PIN code with a microprocessor (chip) card, if this was not a consequence of the Bank's failure to fulfill its obligations under the Agreement,

e) for operations carried out via the Internet, if this was not a consequence of the Bank's failure to fulfill its obligations under the Agreement.

f) for the operations that were performed in violation of the security rules defined in the Agreement.

g) for disputes arising between the cardholder and trade and service points.

h) account, PIN code, Card number, password and other Card information to become known to third parties for reasons independent of the Bank.

Every month, the Bank informs the Cardholders about the operations performed with the Card during the previous month, providing them with a statement from the card account.

In case of non-fulfilment or improper fulfillment of the obligations, the information about the Cardholder will be provided to the credit register of the Central Bank of the Republic of Armenia and the credit bureau of the Central Bank of Armenia in accordance with the procedure established by the RA legislation and the internal legal acts of the Bank.