Where to Get a Credit Card in Armenia with the Maximum Grace Period?

Have you seen the moment in the movies when the main character pays and suddenly hears: “payment rejected, not enough funds”? This is exactly what we are talking about. A credit card is a tool that can help in a difficult situation, give you financial flexibility, and if used correctly, can be interest-free. Therefore, it is important to understand how it works.

Why do you even need a credit card?

Unlike a debit card, where you only spend what's in your account, a credit card allows you to use the bank's funds within an established limit. And if you repay the debt within the grace period, no interest is charged at all.

How does a credit card differ from a debit card?

What is a grace period and how does it work?

A grace period is the time during which you can repay the money you've spent without incurring interest. It typically ranges from 30 to 45 days.

It's important to understand: the grace period countdown doesn't start from the moment of purchase, but from the beginning of the card's billing cycle. For example, if your billing cycle starts on the 1st, and you spend money on the 5th, you will have almost 40 days to repay the debt interest-free.

If you don't meet the deadline, the bank will charge interest on the entire amount, starting from the date of the transaction.

TOP-7 Credit Cards in Armenia with the Longest Grace Period (up to 45 days)

Below are the cards that stand out with the maximum interest-free period.

Cards with a High Limit and 30-Day Grace Period

Yes, 30 days is standard, but if a high limit is important to you, pay attention to Ameriabank's offers. With this bank, you can get a card with a limit of up to ֏18,000,000, making it a leader in this indicator.

Best Ameriabank Cards with Maximum Limit and 30-Day Grace Period

Most Ameriabank cards offer free issuance and convenient online application. The limit can reach ֏18,000,000, allowing the card to be used even for large purchases and as a reserve fund.

Do Not Confuse a Credit Card with an Overdraft!

Many people still confuse a credit card with an overdraft — these are fundamentally different products.

An overdraft is a negative balance on your debit account, where the bank automatically lends you a small amount. Interest starts accruing immediately, and there is no grace period.

A credit card, on the other hand, is specifically designed around the idea of deferred, interest-free repayment — if you manage to pay back the debt on time. It is a full-fledged credit line, often with bonuses, benefits, and more flexible terms.

How to Use a Credit Card Wisely and Avoid Going into Debt?

A credit card is a convenient tool, but careless use can lead to overspending. To avoid this, stick to simple rules:

1. Pay cashless. Cash withdrawals often incur fees, and the grace period does not apply.
2. Limit your spending. If your card limit is ֏5,000,000, set a mental limit for yourself — for example, ֏2,000,000, and leave the rest as a reserve.
3. Separate expenses. Everyday purchases are best paid with a debit card, while large and planned purchases are better with a credit card.
4. Keep track of deadlines. Make large purchases at the beginning of the billing cycle to get the maximum number of interest-free days, and don't forget the payment due date — set reminders or auto-debit.
5. Monitor spending in the app. Push notifications help you react in time to debits and maintain control over your balance.
6. Don't accumulate cards. An excessive number of credit cards increases your credit burden and can affect your history.
7. Avoid minimum payments. This is convenient but leads to the accumulation of interest.
8. Do not exceed 30–40% of the limit. This reduces risks and positively affects your credit reputation.
9. Compare prices before purchasing. A credit card creates an illusion of affordability, but mindfulness is key: spend only what you are truly ready to repay.

By following these recommendations, you can use your credit card beneficially — as a financial cushion, not a source of debt.

FAQ: Frequently Asked Questions

Can I get a credit card without an income certificate?

Yes, in some banks it's possible to obtain a credit card without an income certificate, especially if you are already their client and have stable deposits to your account. In such cases, the bank can assess your solvency based on fund movements. However, the limit on such a card will typically be lower.

What is the real cost of a credit card?

Issuance is almost always free. Paid maintenance ranges from ֏1,600 to ֏18,000 per year. However, there are also free cards, for example, from Ameriabank.

What happens if I don't repay the debt within the grace period?

An effective interest rate of 13.7% to 23.14% per year is applied. And interest begins to accrue from the date of purchase, not from the end of the grace period. This means that if you fail to repay the entire amount within the set period, the bank will recalculate the debt from the moment of each transaction – that is, it will, in essence, "roll back" time and charge interest from the day you made the purchase. Therefore, even a one-day delay can significantly increase the overpayment amount.

How can I increase my card limit?

Most often, the limit is increased with a positive credit history – if you repay your debt on time and avoid delinquencies. The bank sees that you are a reliable client and may offer a higher limit. A request for an increase can usually be submitted through internet banking or the mobile application, and in some cases, the limit is reviewed automatically.

How to choose the optimal credit card?

Through AFM: to find suitable offers, use the filters – this will help immediately exclude unsuitable options. Our platform allows you to compare cards by rates, limits, grace period duration, and currency. It's convenient and transparent.

Conclusion: Which Credit Card to Choose in Armenia?

When used wisely, a credit card allows you to:

1. use bank funds for free (up to 45 days)
2. cover unexpected expenses
3. build a positive credit history
4. gain access to premium services — from airport business lounges to cashback and bonuses

If a long grace period is important, choose cards from IDBank, Acba Bank, or Byblos Bank.

If a maximum limit is crucial, Ameriabank offers up to ֏18,000,000, with flexible terms and many digital cards.

All of this can be compared and applied for through AFM — the financial marketplace where offers from all banks in Armenia are gathered. Set your filters, choose the best option — and don't overpay for credit.

Want to pay no interest and control your budget?

Find a suitable credit card on AFM — and use your money wisely.