BOC offers unique rewards with each card, for people who like to shop, travel and dine out. These rewards are usually in the form of rebates, rewards points and air miles. However, to make the most of these rewards, you will have to fulfil certain. BOC also offers additional cash rebates with co-branded cards when you shop in-store or online with merchants who have a partnership with the bank. You can use the cash rebates that you get with BOC credit cards to offset a portion of your card bill amount or annual fees. The BOC rewards points, in contrast can be only redeemed for gifts or vouchers.
Spending Money Just Got Very Rewarding
BOC offers rewards in the form of cash rebates, rewards points/bonus points and air miles.
Cash Rebate: As part of the cash rebate programme offered by BOC, you will be awarded with cash rebates on the spending you make using your credit card. You can use these cash rebates to offset your credit card bills.
Air Miles: With BOC credit cards, you will also be rewarded in the form of air miles that you can use to pay for your air travel. BOC has partnership with KrisFlyer and Asia Miles and you can redeem the air miles of these merchants using your BOC Points.
Here are the rewards programme that you will enjoy by redeeming the rewards points that you earn with your cards:
- Bon Appetit: Redeem your BOC points at restaurants such as Bengawan Solo, Long Beach Seafood Restaurant and Swensen's in Singapore.
- Retail & Leisure: As part of this programme, you will be able to redeem your BOC points at retail stores in Singapore such as Golden Village, Popular Bookstore, OSIM, Nature's Farm, GNC, Crocodile, Watsons, Best Denki and United Square Shopping Mall.
- Hot Picks: As part of the programme, you can redeem your BOC points at stores such as Takashimaya, Al-Futtaim Retail Asia and Metro.
- Air Miles: Use your rewards points to redeem air miles with participating merchants.
It’s Raining Rewards With BOC’s Cash Rebate Programme
BOC offers cash rebate on the following cards:
|Card Name||Cash Rebate Earned||Cash Rebate Earned||Cash Rebate Earned||Cash Rebate Earned||Cash Rebate Earned|
|BOC Family Card||10% on cinemas and local and overseas dining||5% on online purchases, hospital bills, telco bills, supermarkets and other merchants||0.3% on everything else||Extra 2% on all other purchases made using your supplementary card.|
|BOC Zaobao Card||23% at Shell and SPC petrol stations||20% with SPH and Zaobao newspaper subscriptions||12% when you shop at BreadTalk||10% on dining, online purchases, department stores and Buzz Convenience Store||5% on all your expenditure done using the card in China|
|BOC Visa Infinite Card||1% on all purchases made in Singapore. There is no minimum cap or minimum spend requirement|
|BOC Sheng Siong Card||7% whenever you spend at Sheng Siong.||Extra cash rebate of 5% whenever you spend at Sheng Siong.||5% when you use Grab and other taxis within Singapore.||1% on all overseas expenditure.||0.3% on all other purchases.|
|BOC F1RST Card||0.5% for the entire amount billed in your credit card statement.|
|BOC Shop! Card||1% with an amount of over S$1,000 and 0.5% for the bill amount of S$1,000 and below.|
Other Things You Must Know About These Cards:
- BOC Sheng Siong Card:
- There are no minimum spend requirements with the 7% cash rebate, but the cash rebate is capped at S$70 per billing cycle.
- To get the additional cash rebate of 5%, you will have to amass an out-of-store spend of S$400 in total within the same billing cycle. This cash rebate is also capped at S$20 per billing cycle.
- To be eligible for the 5% cash rebate, you will have to amass a retail spend of S$400 in total in the respective billing cycle.
- There is no cap on the 1% rebate and there is no minimum spend required.
- There is no cap on the 0.3% cash rebate and there is no minimum spend required.
- With the BOC Shop Card, the rebate is capped at S$80 per month.
- On the BOC FIRST Card, the rebate applies only on a maximum spend of S$500.
The cash rebate for BOC Sheng Siong Card works in the following way:
|Amount Spend||Cash Rebate||Cash rebate earned|
|Sheng Siong spend||S$400||7% with no minimum spend required||S$28 (the cash rebate is capped at S$70 per billing cycle).|
|Extra 5% on whatever you spend at Sheng Siong||S$20. The rebate is capped at S$20 per billing cycle.|
|Overseas spend||S$700||1% with no minimum spend required||S$7|
|Transport (taxi rides)||S$400||5%||S$20. The rebate is capped at S$20 for each billing cycle.|
|All other purchases||S$500||0.3%||S$1.50|
|Total expenditure||S$2,000||Total rebate earned||S$76.50|
Redeem Your Cash Rebates for Discounts
The cash rebates that you earn using your BOC credit cards will be directly credited to your card account. However, the cash rebate that you earn can only be used to offset the transactions that you have made using your principal credit card. The cash rebates that you earn cannot be swapped for cash. You also cannot transfer the rebates to any other person. The cash rebate that you earn will no longer be valid if you fail to use it in two calendar years from the date it was credited to the card account or if the card is cancelled/terminated.
Rewards Points Programmes of BOC
BOC offers Rewards Points/BOC Bonus Points on the following cards:
|Card name||Rewards points earned||Rewards points earned|
|BOC Travel Card||2X rewards points on all expenditure made overseas||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC World MasterCard||3X rewards points on all expenditure made overseas||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Great Wall Platinum Card (VISA/MasterCard)||3X rewards points on all expenditure made overseas||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC SCCCI Great Wall Affinity Card Platinum||2X rewards points on all spending made overseas||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Chinese Scholars & Students Association Platinum Elite Card||Up to 2X rewards points for overseas spending||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Dual Currency Diamond Card||2X rewards points on all spending made overseas (excluding transactions made in RMB)||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Zaobao Credit Card||Use this card overseas and enjoy 2X BOC rewards points with every dollar spent (not including the transactions made in RMB).||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Family Card||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Visa Infinite Card||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Sheng Siong Card||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC F1RST Card||Earn 1X BOC rewards points for every dollar spent in Singapore|
|BOC Shop! Card||Earn 1X BOC rewards points for every dollar spent in Singapore|
Let us say your expenditure across various categories when using the BOC Travel Card for a year looks like the table below. Then the points you earn, will be as follows:
|Spend categories||Annual spend||Points earned|
|Dining (weekends in Singapore)||S$1,000||1,000|
|Other retail spends||S$1,500||1,500|
The 11,500 rewards points that you have earned can be used to redeem dining vouchers, latest gadgets and cash rebates from the BOC Rewards Programme.
What Can You Do With Your BOC Bonus Points?
To redeem the rewards that you are eligible for, you will just have to call the customer service hotline number. You have the freedom to choose the gift that you want to redeem. You also have the option of faxing the redemption form in case you want to redeem your gifts. If you want reward vouchers, you can exchange them for the reward points earned.
However, the vouchers can only be redeemed for select items from the Rewards Catalogue of the bank. The vouchers that you get will be valid only for three months from the date they are issued. Even the cash rebates you earn can be used to redeem rewards.
Travel More With BOC’s Miles Programmes
BOC offers miles programmes on the following cards, allowing you to convert your accumulated rewards points into miles:
|Card name||Miles earned||Miles earned|
|BOC World MasterCard||10,000 KrisFlyer miles for every 60,000 rewards points||6,000 Asia Miles for every 36,000 rewards points|
|BOC Travel Card||10,000 KrisFlyer miles for every 60,000 rewards points||6,000 Asia Miles for every 36,000 rewards points|
|BOC Great Wall Platinum Card||10,000 KrisFlyer miles for every 60,000 rewards points||6,000 Asia Miles for every 36,000 rewards points|
How to Redeem Air Miles
According to the redemption policy of BOC, you can only redeem your air miles in blocks of 6,000 and 10,000 for Asia Miles and KrisFlyer Miles respectively. You will need 60,000 rewards points to redeem a block of 10,000 air miles. The reward points earned can be converted to KrisFlyer Miles as part of the Frequent Flyer Miles Programme. You will have to pay a small fee of S$30 every time you redeem points for miles.
If you have more than one BOC credit card or credit card accounts, the rewards points you earned on all such cards or card accounts will be grouped together and you can use the aggregated rewards points to redeem the rewards as part of the Rewards Points Programme of BOC.
Banks in Singapore also offer rewards in other ways such as welcome gifts, card renewal bonus, and more. Check with BOC from time to time to see if they offer any such rewards that you can benefit from.