Mastercard Student card
The Student Card is a simple, modern way to make everyday life easier and enjoy new opportunities.
- No annual card fee
- Choose your favorite digital card design
- Get a Welcome Bonus of AMD 5,000*
- Earn 3.3% annual interest on your positive card account balance
- Join the “My Card and I” campaign by December 31 for a chance to win one of 140 prizes.
*The Welcome Bonus will be credited to your account by the 15th business day of the month following your card order.
Fees and Rates
|
Type of Transaction |
Fees |
|
Card currency |
AMD |
|
Annual service fee |
Free |
|
Card validity period |
4 years |
|
Statement delivery by email |
Free |
|
Free SMS notification service |
For transactions over AMD 1,000 |
|
Digital card cash withdrawal at ARARATBANK ATMs for Armenian citizens |
0% for transactions totaling up to AMD 500,000 per calendar month 0.5% for transactions totaling more than AMD 500,000 per calendar month |
|
Digital card cash withdrawal at ARARATBANK ATMs for foreign citizens |
0% for transactions totaling up to AMD 500,000 per calendar month 0.8% for transactions totaling more than AMD 500,000 per calendar month |
|
Digital card cash withdrawal at ArCa cash withdrawal locations |
1% |
|
Digital card cash withdrawal abroad |
11.5%, min. AMD 1,500 |
|
Cash withdrawal at ARARATBANK cash desks without a digital card |
1% |
|
Digital card cash withdrawal at ARARATBANK cash desks** via POS** for RA citizens |
0% for transactions totaling up to AMD 500,000 per calendar month 0.5% for transactions totaling more than AMD 500,000 per calendar month |
|
Digital card cash withdrawal at ARARATBANK cash desks** via POS** for foreign citizens |
0% for transactions totaling up to AMD 500,000 per calendar month 0.8% for transactions totaling more than AMD 500,000 per calendar month |
|
Annual interest rate on positive card account balance |
3.3% |
|
Maximum number of digital card cash withdrawal transactions per day |
30 |
|
Maximum number of digital card transactions per day |
30 |
|
Maximum digital card cash withdrawal amount per day |
AMD 1,500,000 |
|
Maximum amount per digital card transaction |
AMD 1,500,000 |
|
Maximum daily digital card transaction amount |
AMD 3,000,000 |
|
Card-to-card transfer fee* |
0.3% |
|
Card blocking and Card Recovery Bulletin listing (effective the following Saturday for two weeks) |
AMD 15,000 |
|
Card unblocking |
AMD 500 |
|
Cash-In at ARARATBANK ATMs |
0% |
|
Cash-In at ArCa ATMs |
0.8% |
|
SMS notification for transactions |
15 |
|
SMS notification for 3D Secure online transactions |
0 |
|
Card transaction disputes following an acquirer’s response (second presentment) and/or pre-arbitration disputes (AMD)*** |
AMD 5,000 |
* Transactions conducted through ATMs, terminals, or other online platforms of banks that are members of the “Armenian Card” system may also be subject to an acquiring bank fee, as determined by the respective bank.
Please note that transactions involving cards issued by banks other than ARARATBANK at ARARATBANK service locations, including its online platform, are subject to an acquiring bank fee of 0.5%, in addition to any fee charged by the card-issuing bank. The acquiring bank fee is charged at the time of the transaction and added to the transaction amount.
** Not applicable to amounts credited to card accounts of individuals (excluding sole proprietors) from credit facilities provided by ARARATBANK, interest accrued on term deposits and ARARATBANK bonds. Cash withdrawals from payment cards issued by other banks at ARARATBANK cash desks via POS terminal are subject to a 3% fee, regardless of currency.
*** Additional fees set by the Mastercard international payment network may apply during the arbitration process.
“Your financial directory” is an electronic system which facilitates the search, comparison and selection of the best options in the services offered to natural persons.
You have the right to communicate with the financial institution by any convenient way - by post or e-mail. Receiving information electronically is the most convenient option. It is available 24/7, is free from the risks of loss of paper information and ensures privacy.
The Bank, for the purposes of conducting customer due diligence as required by the RA Law “On Combating Money Laundering and Terrorism Financing,” may, based on the “Know Your Customer” (KYC) standards, request additional documents or information, as well as ask supplementary questions during verbal communication.
In accordance with the agreement signed with the USA under the Compliance Act (FATCA), the Bank may collect additional information to determine if you are a US taxpayer.
Page updated 03.11.2026 | 12:04
In case of discrepancy between Armenian and English versions of the information, the priority is given to the Armenian version.
