Bank of China offers numerous BOC credit cards specifically to target certain sections of the Singaporean audience such as family credit cards, shopping credit cards, travel credit cards, etc. For students and employees just starting off with their career, BOC offers the BOC F1RST Card which will earn you cash rebate on purchases and annual fee waiver.
BOC charges a monthly interest rate of 2.16% and an annual interest rate of 25.88% on this credit card. The minimum interest charged per month is S$3. If you do not make the full outstanding payment on your credit card by your payment due date, the interest on your outstanding balance will be computed every day from the date of your previous credit card statement and the same will be applied to all new transactions made on your card.
Interest will not be charged if the outstanding balance is paid in full every month by the payment due date and you do not carry any balance forward from your last statement date.
The interest free period on this credit card is 23 days from your credit card statement date if you pay your outstanding balances in full.
|Product/Item||Fees and charges|
|Interest rate||25.88% p.a.|
|Cash advance fee||6% of the withdrawn amount or S$20, depending on whichever of the two is higher.|
|Interest on cash advance||28% p.a. with a minimum fee of S$3.|
|Late payment fee||5% of the minimum amount due on your monthly credit card statement with a minimum fee of S$100.|
|Minimum payment per month||S$50 OR 3% of your credit card statement balance + outstanding minimum payment due (if applicable) + excess amount of your credit limit (if applicable), depending on whichever of the two is higher.|
|Fees charged on foreign currency transactions||
• Administrative fee charged by BOC - 1.5% of the transaction amount.
• Cross-border fee charged by Visa - 1% of the transaction amount.
|DCC or Dynamic Currency Conversion charges||All transactions made in Singapore Dollars (SGD) but processed overseas will be charged a fee of 0.8% by Visa.|
|Credit card liability in case of loss/theft||S$100|
You must meet the following eligibility criteria in order to apply for this credit card:
Tertiary students must submit the following documents to apply for this credit card:
Working adults must submit the following documents to apply for this credit card:
You can follow the simple steps below to apply for this credit card:
For further enquiries, feel free to contact BOC on 1800 338 5335.
If you wish to cancel your BOC student Card, please contact BOC's Customer Service at 1800 338 5335. This number is available for assistance 24 hours a day.
You can also email the bank at firstname.lastname@example.org or fax the bank at (65) 6532 6318.
Alternatively, you can visit the BOC Correspondence Address at "133 Middle Road #03-01, BOC Plaza, Singapore 188974."