Inecobank is one of Armenia’s leading banks, allowing you to open a card within minutes through its mobile app. The bank offers a wide range of Visa and Mastercard products across all major tiers — from standard to premium. In addition to physical cards, Inecobank also issues virtual cards in different currencies, suitable for everyday payments, online shopping, and international services.

In this guide, we’ll break down which cards you can open at Inecobank, their key benefits, and how to complete the application process step by step.

In our “Debit Cards in Armenia” section, you can compare all Inecobank cards and choose the one that best fits your needs — whether you’re looking for low fees, a convenient account currency, cashback benefits, premium privileges, or free maintenance.

This comparison helps you quickly see the strengths of each card and avoid unnecessary expenses.

Why Consider Opening a Card with Inecobank

Inecobank was among the first banks in Armenia to offer full online card servicing without the need to visit a branch. Through the mobile app, you can:

1. open a Visa or Mastercard without visiting a branch;
2. instantly issue a virtual card;
3. manage limits and currencies in real time;
4. pay with Apple Pay, Google Pay, and InecoPay;
5. block or reissue your card in just a couple of minutes.

Inecobank Card Fees and Terms

Data as of October 2025, according to Inecobank’s official tariffs.

Full List of Inecobank Cards

Data is current as of October 2025.

InecoPay Virtual Cards – Instant Issuance, No Branch Visit Required

If you need a card specifically for online payments or international subscriptions, an InecoPay virtual card is a great option. You can open it directly in the app; it is issued in AMD, activates instantly, and works with all major online services — including Spotify, Netflix, and the App Store.

However, if you frequently shop on international marketplaces or pay for subscriptions, keep in mind: when paying with an AMD-denominated card, double currency conversion may occur – first from AMD to the card network’s base currency, and then to the merchant’s currency.

Inecobank Terms for Non-Residents

Inecobank actively works with foreign customers, including citizens of Russia, Belarus, the EU, and CIS countries.

Key points to know:

1. opening an account requires a personal visit to Armenian branch of the bank if you don't have SSN;
2. a passport and a migration card are needed for identification;
3. cards can be issued in AMD, USD, RUB or EUR;
4. international transfers are available via SWIFT and InecoOnline;
5. the mobile app is fully available in English.

How to Open an Inecobank Card: Step-by-Step Guide

Method 1: Through the Mobile App

This method works if you have previously interacted with the bank.

1. Download the InecoMobile app if you don’t already have it (available in the App Store and Google Play).
2. Log in or register using your SSN and phone number.
3. In the menu, select “Open a card”, then choose Visa or Mastercard.
4. Select the currency.
5. Enter the delivery address or the branch if you need a physical card.
6. Confirm the issuance, and the card is activated instantly.
7. Add it to Apple Pay, Google Pay, or InecoPay and start using it right away.

Method 2: At a Bank Branch

1. Bring your passport or visa with registration if you are a non-resident.
2. Visit the nearest Inecobank branch.
3. Sign the application for opening an account and issuing a card.
4. Receive your card immediately or within 7 days.
5. Activate it through a terminal or the mobile app.

Frequently Asked Questions About Inecobank

Can I open a card without visiting Armenia?

Yes, but only if you are already a client of the bank and have previously completed in-person identification at a branch.

If you are an Armenian citizen, you can open a card without visiting the branch if you have an Armenian phone number, SSN and passport.

Can I have one card in multiple currencies?

No. However, you can open several separate accounts – in AMD, USD, and EUR. Each account can have its own card or function without a card.

Are there transfer limits?

Yes. Limits depend on your card type and identification level.

For residents – up to 5 million AMD per day; for non-residents – limits are set in agreement with the bank.

Is the card suitable for international purchases?

Yes. All Inecobank Visa and Mastercard cards work outside Armenia, including online payments and ATM withdrawals.

Conclusion

Inecobank is one of the Armenian banks actively developing digital services, allowing customers to open cards remotely through its mobile app.

If you need a simple debit card for everyday payments, Visa Classic or Mastercard Standard are good options – both can be opened in just a few minutes through the app.

For travel and international purchases, Visa Gold or Visa Platinum are more suitable, they offer higher limits, insurance, and airport lounge access.

And if you frequently pay for subscriptions or online services, consider the virtual InecoPay card, it’s issued for free and ready to use immediately.

To choose the best option in terms of currency, card tier, and maintenance cost, compare Inecobank cards with offers from other banks on AFM – the service provides up-to-date terms and helps you find the card that fits your needs.