Discover the benefits of Acba bank’s ArCa Classic card: secure chip technology, affordable tariffs, a credit line option, and a fast issuance process. Order the card now and receive it within 7 business days.
With the card you can:
For internet transactions, a one-time password system (3D Secure) is used.
| Currency | Annual nominal interest rate | Annual effective interest rate |
| without collateral* | ||
| AMD | 19.5-21% | 16.59-22.92% |
| with collateral** | ||
| AMD | 18-21% | 15.48-22.92% |
1 Unless otherwise specified by the Bank within the framework of salary servicing programs.
* The credit line is provided based on cash flow.
Based on the assessment of the borrower's creditworthiness, guarantor(s) may be required.
** Collateral may be real estate, a vehicle, equipment, cash or other collateral.
Learn more about all tariffs for the issuance and servicing of ArCa Classic card
Learn more about the terms and conditions for the servicing of payment cards
How to apply for a card?
| Option I | Option II |
|---|---|
| Complete the card online application | Visit any branch of the Bank |
How long does it take to obtain the card?
After completing the card and card account application at any branch of the Bank, the Card will be issued to you within a maximum of seven business days, and the Card will be activated within a maximum of one business day from the date of issuance of the Card.
The Bank also provides an urgent card issuance, reissuance, and replacement service within one banking day. The service is available at all branches in Yerevan; however, the card may be ordered at any branch of the Bank. The service is available only for cards without a paper PIN code, in accordance with the tariffs in effect at the Bank at that time.
If the card and card account application is completed online, the card order will be placed after mutual agreement between the Bank and you.
What is required to obtain the card?
After applying for the Card through any of the above methods, in order to receive the Card you must visit the Bank branch of your choice and present your identity document and social services number.¹
¹The social services number is indicated on the identification card of a citizen of the Republic of Armenia, on the identity documents of a stateless person permanently residing in the Republic of Armenia or a refugee, on the previously issued social security card, as well as on a certificate issued by the state register authority, or on an original certificate issued by the state register authority confirming the absence of a social services number.
For more details regarding card delivery, please refer here.
Your financial informant
NOTE: "YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM THAT MAKES IT EASY TO SEARCH FOR, COMPARE, AND CHOOSE THE MOST EFFECTIVE OPTION FOR INDIVIDUALS.
IMPORTANT TO KNOW
*At the time of submission, the validity period of the documents must not exceed 15 days. Depending on various circumstances, additional documents and information may be required.
Note: Loan interest is calculated based on the nominal interest rate. The annual effective interest rate shows how much the use of the credit line will cost, provided that interest and other payments are made within the specified time limits.
The card PIN code is provided according to the option selected by the cardholder when ordering the card:
The card reissuance is carried out by the 10th business day of the last month of the card’s validity period.
The decision on card reissuance is made by the Bank, taking into account the volume of transactions carried out with the card, payment of the card servicing fee, and the funds available in the account, and in the case of cards with a credit line, also the number of overdue days.
The card is closed within three business days after all transactions previously carried out with the card are posted to the card account, provided that the account balance is sufficient to post those transactions and to charge the commissions stipulated by the Bank’s tariffs for them.
The card may be closed only after all monetary obligations have been fulfilled.
If the card is not returned to the Bank upon submission of a card termination application, the cardholder bears full financial responsibility for any non-authenticated transactions made after termination and until the card expires.
The card is seized by ATMs if:
after a cash withdrawal or balance inquiry transaction, the customer does not take the card from the ATM,
an ATM communication failure or other technical malfunction occurs.
In case of seizure of the Bank’s card, if the customer visits the Bank within three business days with an identity document, the card is returned to the customer by the branch that seized the card, unless the customer expresses a wish to receive the card from another branch.
In case of seizure of cards issued by other banks of the Republic of Armenia, if the customer visits the Bank within three business days with an identity document, the card is returned to the customer. If the cardholder does not visit, the card is transferred to the issuing bank in accordance with the Bank’s current procedures.
In case of seizure of a foreign bank card, if the cardholder visits the Bank within one business day with an identity document, the card is returned to the cardholder. If the cardholder does not appear, the card is transferred to the issuing bank in accordance with the Bank’s current procedures.
The card may be unblocked only if the cardholder verbally or in writing confirms that the transactions in question were carried out by them.
The Bank may unilaterally block the card in the event of overdue obligations under the credit provided with the card or other credit facilities at the Bank, until the first business day following the repayment of the overdue obligations, as well as in other cases stipulated by the Agreement or provided for by the legislation of the Republic of Armenia.
The Bank may block the Card without notifying the cardholder if there is a risk of fraudulent transactions being carried out with the Card.
The cardholder has the right to dispute a transaction made with their Card within 55 (fifty-five) calendar days from the date the transaction was carried out.
The Bank provides the cardholder with a substantiated response within a maximum of 90 (ninety) calendar days from the date of submission of the application.
If the transaction disputed by the cardholder is a cash withdrawal transaction, it is subject to satisfaction by the Bank only if the bank servicing the respective ATM or cash withdrawal point confirms the fact of non-dispensing of cash.
If the transaction disputed by the cardholder is a payment transaction, a payment made via the internet, or a payment made by presenting the Card details, it is subject to satisfaction by the Bank if, within the dispute resolution process provided for by the rules of the Payment System, the Bank recovers the amount of the disputed transaction from the servicing bank.
If, within the dispute resolution process provided for by the rules of the payment system servicing the Card, the Bank decides not to continue the dispute resolution process, but the cardholder wishes to proceed to the final stage of the dispute resolution process by applying to the arbitration committee of the respective Payment System, then the fees set for applying to the arbitration committee, as well as the expenses incurred by the Bank in the event that the Payment System makes a decision in favor of the other party, shall be reimbursed by the cardholder.
The Bank is not liable for:
a) delayed, incorrect, or unperformed transactions resulting from the fault of merchants and service points or the Payment System, or due to technical reasons beyond the Bank’s reasonable control,
b) failure of cash withdrawal or payment transactions carried out using funds not belonging to the Bank, provided that the Bank was not at fault for such failure,
c) unlawful transactions carried out using the Card or Card details, if this was not a consequence of the Bank’s failure to fulfill its obligations stipulated by the Agreement,
d) transactions 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 stipulated by the Agreement,
e) transactions carried out via the internet, if this was not a consequence of the Bank’s failure to fulfill its obligations stipulated by the Agreement,
f) transactions carried out in violation of the security rules defined by the Agreement,
g) disputes arising between the cardholder and merchants or service points,
h) disclosure of account details, PIN code, Card number, password, or other Card-related information to third parties due to reasons beyond the Bank’s control.
Each month, the Bank informs the cardholder about the transactions carried out with the Card during the previous month by providing a statement of the card account.
In the event of failure to fulfill obligations or improper fulfillment thereof, information regarding the cardholder shall be provided to the credit register of the Central Bank of the Republic of Armenia and to the ACRA credit bureau in accordance with the procedure defined by the legislation of the Republic of Armenia and the Bank’s internal legal acts.
