Which Banks Offer the Highest Cashback on Cards in Armenia?

Prepared in partnership with Earlyone (Google Play, iOS).

Would you like to get money back for every purchase — from a cup of coffee to a plane ticket? In Armenia, cashback is still a relatively new feature. If debit and credit cards used to be just a convenient way to pay, now — thanks to cashback — they can also become a real savings tool, rewarding you for every transaction.

How Does Cashback Work?

1. Percentage on purchases: Armenian banks usually return between 0.5% and 2%.
2. Categories: supermarkets, restaurants, online services, gas stations, etc.
3. Limits: almost always there is a monthly cap.
4. Format of payouts: cashback can be credited directly to your card or issued as bonus points.

Banks in Armenia With the Highest Cashback on Debit Cards (Fall 2025)

Other debit cards in Armenia (Visa Signature, Infinite, Digital, etc.) usually offer 0.5% or less, so they are not included in the top 5.

Example: How It Works

If you spend 150,000 AMD per month:

1. With Acba Bank American Express® Cashback (2%) you get 3,000 AMD back.
2. With Armeconombank Visa Guru Travel (1%) you get 1,500 AMD back.

Cashback on Credit Cards in Armenia (Fall 2025)

Cashback on credit cards is lower – usually around 0.5%. The reason is simple: the main benefit of credit cards is the grace period and the ability to use the bank’s money interest-free. Cashback is more of a bonus and is typically available only on premium cards.

Example: Spending 150,000 AMD/month and repaying within the grace period

1. With Visa Signature (0.5%), cashback = 750 AMD, but with a 6,000 AMD fee, the net result is –5,250 AMD. Bonus: 4 lounge visits/year.
2. With Visa Infinite (0.5%), cashback = 750 AMD, but with a 10,000 AMD fee, net result is –9,250 AMD. Bonus: 6 lounge visits/year.
3. With Visa Platinum (0.5%), cashback = 750 AMD, fee = 1,600 AMD, net result = –850 AMD. Bonus: 2 lounge visits/year.

What Else Should You Consider When Choosing a Cashback Card?

A high cashback rate doesn’t always mean real savings — sometimes service fees or limits eat away at the benefits. When choosing a card, look at the full set of conditions:

1. Service fee: Some high-cashback cards come with higher monthly costs.
2. Limits: If you spend a lot, make sure the monthly cashback cap is high enough.
3. Payout format: Real money is always better than bonus points.
4. Promotions: Banks often run temporary offers with increased cashback rates.

Tips to Maximize Your Cashback

1. Use multiple cards: One for supermarkets, another for restaurants or online services.
2. Track promotions: For example, Ameriabank and IDBank frequently offer higher rates in specific categories.
3. Add your card to mobile wallets (Apple Pay, Google Pay): Speeds up payments and doesn’t affect cashback.

Conclusion

In Armenia, only a few banks offer truly high cashback rates on cards.

1. Leader: Acba Bank’s American Express® Cashback card — up to 2% on all purchases.
2. Strong competitors: IDBank and Evocabank — up to 1.5% cashback.

Most other banks don’t exceed 1%, which makes these three players the main choices for generous cashback programs.

If maximum cashback is your priority, focus on cards from Acba Bank and IDBank — they combine higher rates with flexible conditions.