The Ameriabank Visa Classic offers convenience, security, and flexibility for everyday spending in Armenia and abroad.
Cardholders can access contactless payments, online banking, and multiple currency options while managing expenses efficiently.
This guide covers the benefits, fees, and application process to help you determine if it suits your financial needs.
Key Benefits of the Ameriabank Visa Classic
The Ameriabank Visa Classic provides essential features for convenient and secure transactions in Armenia and internationally.
It offers flexibility in payments, online banking access, and multiple perks for everyday use. Below are the key benefits:
- Global Acceptance – Use the card for in-store, online, and contactless payments worldwide.
- Multi-Currency Options – Available in AMD, USD, and EUR for seamless transactions.
- Cash Withdrawals – Access funds at Ameriabank ATMs and international networks.
- Online and Mobile Banking – Manage transactions, check balances, and make payments remotely.
- Contactless Payments – Tap-and-go technology for faster, secure purchases.
- Security Features – Fraud protection, transaction alerts, and card-blocking options.
- Flexible Credit Limit – Adjusted based on income and financial history.
- Easy Repayment Options – Pay balances through bank transfers, auto-payments, or in-branch services.
Interest Rates and Fees
Understanding the specific rates and fees associated with the card is essential for effective financial planning. Below are the key details:
- Annual Service Fee: AMD 2,500
- Interest Rate on Purchases: 16.5% per annum
- Cash Withdrawal Fees:
- Ameriabank ATMs: 2.0% of the withdrawn amount
- Ameriabank branch counters: 2.2% of the withdrawn amount
- Other ATMs and encashment centers: 2.5% of the withdrawn amount (minimum AMD 2,500)
- Foreign Exchange Fee: Ameriabank's exchange rate plus a 2% Visa fee
- Late Payment Fee: 0.13% daily fine on overdue loans or interest
- Card Replacement Fee: AMD 1,500 for reissuing due to loss, damage, theft, or PIN disclosure
Rates and fees may change; check Ameriabank’s website or contact customer service for updates.
How to Apply for the Ameriabank Visa Classic
Applying for the Ameriabank Visa Classic is straightforward, whether online or at a branch.
Meeting eligibility criteria and preparing the required documents can speed up approval. Below are the steps to apply:
Eligibility Requirements:
- Must be at least 18 years old.
- Must have a stable income and meet Ameriabank’s creditworthiness criteria.
- Armenian residency or legal documentation for foreign applicants.
Required Documents:
- Valid passport or national ID
- Proof of income (salary statement or tax declaration)
- Additional documents if applying for a higher credit limit
Application Process:
- Online Application:
- Visit Ameriabank’s website and fill out the credit card application form.
- Upload the required documents and apply.
- Await review and approval notification.
- In-Branch Application:
- Visit any Ameriabank branch.
- Submit the completed application form and required documents.
- A bank representative will process the request.
Approval and Card Issuance:
- Processing time varies but generally takes a few business days.
- Once approved, the card can be collected at a branch or delivered based on bank policy.
- Activation instructions are provided upon receipt.
Managing and Using the Card
Proper card management ensures security, convenience, and financial control.
Ameriabank provides multiple ways to monitor and use the Visa Classic efficiently. Below are key aspects of managing the card:
Card Activation:
- Activate through Ameriabank’s online banking, mobile app, or at a branch.
- Follow the provided PIN setup instructions for secure use.
Online and Mobile Banking:
- Check balances, view transactions, and make payments via Ameriabank’s digital platforms.
- Enable alerts for transactions and security notifications.
Security Features:
- Fraud protection with real-time transaction monitoring.
- Block or freeze the card instantly through the mobile app in case of loss or theft.
- Change PIN through ATMs or online banking.
Payment Methods:
- Pay the outstanding balance through bank transfers, in-branch payments, or auto-payment setup.
- Set reminders to avoid late fees and interest charges.
Using the Card Abroad:
- Make international transactions where a Visa is accepted.
- Foreign exchange rates apply, including a 2% Visa fee.
Cash Withdrawals:
- Access funds at Ameriabank ATMs, branches, or other Visa-supported ATMs worldwide.
- Withdrawal fees apply based on location and transaction amount.
Customer Support:
- Report lost or stolen cards immediately via Ameriabank’s 24/7 hotline.
- Request assistance for transaction disputes or technical issues.
Rewards and Special Offers
Ameriabank Visa Classic cardholders can enjoy various perks, including cashback, discounts, and exclusive promotions.
Below are the key rewards and special offers:
- Cashback Offers – Earn a percentage of spending back on select purchases.
- Discounts at Partner Merchants – Special shopping, dining, travel, and entertainment deals.
- Loyalty Programs – Redeem points for discounts, gift cards, or other benefits.
- Travel and Insurance Benefits – Potential discounts on airfare, hotels, and select insurance coverage.
- Seasonal Promotions – Limited-time deals are available during holidays and special sales events.
- Referral Bonuses – Rewards for referring new card applicants
Credit Limit and Repayment Options
Managing the credit limit and repayment effectively helps maintain financial control and avoid unnecessary charges.
Ameriabank offers flexible credit limits and various repayment methods. Below are the key details:
- Credit Limit Determination – Assigned based on income, credit history, and Ameriabank’s policies.
- Credit Limit Increase – Possible upon request, subject to eligibility and financial review.
- Minimum Payment Requirement – A fixed percentage of the outstanding balance must be paid monthly.
- Full Balance Payment – This avoids interest charges and helps maintain a good credit score.
- Installment Payment Options – Certain purchases may be converted into fixed monthly installments.
- Auto-Payment Setup – Enables automatic deduction to prevent missed payments.
- Late Payment Consequences – Interest charges and penalties apply for overdue amounts.
For the most accurate terms, checking Ameriabank’s website or contacting customer service is recommended.
Customer Support and Assistance
For assistance with the Ameriabank Visa Classic, cardholders can contact customer support through the following channels:
- Contact Number: +374 10 561111
- Address: 2 Vazgen Sargsyan St, Yerevan 0010, Armenia
To Wrap Up
The Ameriabank Visa Classic offers convenience, security, and flexible payment options for everyday use.
It provides a reliable financial solution with competitive rates, rewards, and strong customer support.
For more details or to apply, visit Ameriabank’s website or contact customer service.
Disclaimer
Information about the Ameriabank Visa Classic, including fees, rates, and benefits, is subject to change based on the bank’s policies.
For the most accurate and up-to-date details, refer to Ameriabank’s official website or contact customer service.
