Ranking of Debit Cards with Cashback in Armenia
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Author
Roman Galstyan
Source
AFMTopic
Debit Cards
Despite the wide variety of debit cards available in Armenia, cashback systems are still in their early stages — only 4 out of 17 banks currently offer debit cards with cashback on purchases. We analyzed the available offers and compiled a ranking of all current cashback debit cards in Armenia, including those available to non-residents.
Things You Should Know Before Choosing a Cashback Card
- Payment systems in Armenia: ArCa, Visa, MasterCard, American Express, UnionPay, Diners Club
- Types of cashback: Fixed % on all purchases, category-specific cashback, rewards in points or digital coins
- Activation requirements: Often require minimum spending or have a monthly cashback cap
- Availability for non-residents: Most cards can be issued without Armenian citizenship
1. IDBank — Leader in Cashback Card Variety
| Card Name | Cashback | Conditions | Features |
| Idram Rocket Visa | 1% (starting from 20,000 AMD/month), max 5,000 AMD | Plus 0.5% in idcoin | Installment card, online issuance |
| Visa Signature / Infinite / Infinite SE | 0.5% on all purchases starting from 5,000 AMD | Premium cards | Free lounge access, concierge service |
| Travel Card | Up to 1.5% on all purchases, +0.5% idcoin on travel | Only for Visa Platinum holders | Cashback on tickets, hotels, car rentals |
Cashback is credited in AMD or in idcoin (IDBank’s internal digital currency).
2. Armeconombank — Fixed Cashback with Simple Terms
| Card Name | Cashback | Limits | Notes |
| Visa Guru / Guru Travel | 0.5% (within Armenia), 1% (abroad) | Up to 10,000 AMD/month | Standard cards |
| ARMECs Standard / Gold | 1% on all purchases | No limit | Available to all clients |
One of the few programs where international cashback is higher than domestic.
3. Evocabank — Digital and Premium Cards with Cashback
| Card Name | Cashback | Card Type | Additional Features |
| Visa Infinite / UnionPay Gold | 0.25% on all purchases | Plastic, premium | Lounge access, Fast Track |
| Visa Digital / Mastercard Digital | 0.25% on all purchases | Digital, standard | Online issuance, secure transactions |
Cashback is credited evenly, without category restrictions.
4. Acba Bank — Minimal Cashback, Three Options
| Card Name | Cashback | Card Type | Notes |
| Visa Benefactor | 300 AMD/month | Classic | Fixed monthly cashback |
| ArCa Transfer | 300 AMD/month | ArCa | Valid only within Armenia |
| Visa Student | 300 AMD/month | Student | Targeted at students and youth |
This bank offers the lowest cashback, but with no category restrictions.
Cashback Comparison Table
| Bank | Numbers of Cashback Cards | Maximum Cashback | Non-Resident Access | Best Offer |
| IDBank | 4 | Up to 1.5% + 0.5% idcoin | Yes | Travel Card |
| Armeconombank | 4 | 1% | Yes | ARMECs Gold |
| Evocabank | 4 | 0.25% | Yes | Visa Infinite |
| Acba Bank | 3 | 300 AMD/month | Yes | Visa Benefactor |
Conclusion
The Armenian market currently offers a limited selection of debit cards with cashback, especially compared to developed markets. Only 4 out of 17 banks have such cards, and Acba Bank’s cashback rates are barely competitive. The most rewarding options come from IDBank, especially the Travel Card and premium Visa cards.
If you want to get the most out of your purchases in Armenia — choose a cashback debit card via AFM. Compare offers, review limits and conditions, and select a card that’s not only convenient but also financially rewarding.
Tips for Choosing a Cashback Card
- Check the minimum spending requirement for cashback eligibility
- Compare limits — is there a cap on monthly cashback?
- Pay attention to fees and annual maintenance charges
- If you travel often, look for travel cards with additional bonuses
Compare cashback debit cards via AFM — review the conditions, evaluate the rewards, and pick the one that benefits you most.
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