What are the minimum and maximum credit limits applied?
The following credit limits apply:
- ArCa Classic Card - Minimum AMD 100,000 Maximum AMD 500,000
- Mastercard Standard Flexi Card - Minimum AMD 100,000 Maximum AMD 1,000,000
- Mastercard Standard Card - Minimum AMD 350,000 Maximum AMD 1,000,000
- Mastercard Gold Card - Minimum AMD 500,000 Maximum AMD 3,000,000
- Mastercard Platinum Card - Minimum AMD 1,000,000 Maximum AMD 5,000,000
- Mastercard World Black Edition Card - Minimum AMD 1,000,000 Maximum AMD 5,000,000
How is the credit limit determined?
Salaried account holders
For bank customers and other banks account holders - up to 4 times of net monthly salary
Non-salaried account holders
Bank account holders - up to 4 times of the lower of last 3 months average monthly balance and average monthly balance of the last month.
Other banks’ account holders - up to 2 times of the lower of last 3 months average monthly balance and average monthly balance of the last month.
Important notes
Credit card limit may vary from AMD 100,000 up to AMD 5,000,000
The loan amount will be decreased by the existing unsecured credit facility outstanding amount
The ratio of overall monthly loan payments to net monthly income cannot exceed 60% if net monthly income is less than AMD 700,000 and 70%, if net monthly income is greater than or equal to AMD 700,000
The Bank makes the decision on provision of credit card at its discretion taking into consideration the conformity of the credit card application to the announced requirements as well as evaluating such essential factors as the creditworthiness of the applicant, any overdue payments and other factors.
