Earn cash rebates on your purchases according to your monthly spend on the BOC Shop! Card. Earn rebates when shopping, dining, making travel arrangements and more.
Bank of China (BOC) Travel Card is a great credit card to carry if you’re travelling, especially if the destination is China. It rewards your overseas purchases, and comes with travel benefits including dining discounts, golfing offers and shopping rebates.
You can redeem the rewards by calling the bank’s Customer Service Hotline at 1800 338 5335, or filling out a redemption form and faxing it to (+65) 6532 6318. You can redeem the points and get vouchers for your favourite participating stores or restaurants, as available in the BOC Rewards Catalogue. You can also use the points to pay your card’s annual fees, or convert it into cash rebates for products. The reward vouchers are valid for 3 months from issuance.
Bank of China’s 0% Instalment Payment Plan (IPP) allows you to pay for your large purchases over a period of 6 to 36 months at no finance charge. This plan can be used at 322 outlets in Singapore, which includes health and beauty clinics, educational institutions, travel planners, departmental stores, watch showrooms, and jewellery stores. Transactions of S$500 or more qualify for this plan. Let’s say you want to buy a S$4,000 Chopard Happy Sport from Cortina Watch, you could swipe your credit card and convert the payment into an IPP for a period of 12 months. This way, you will pay S$334 per month for 12 months instead of paying the whole amount in one go and piling up interest rate on the bill. If you delay your payment of the instalments, or fail to make the payment, the regular credit card late payment charges and interest rates will apply on your purchase.
Fees And Charges
|Type of fee||Amount payable|
|Supplementary card fee||S$75|
|Interest rate||25.88% p.a.|
|Late payment fees||S$80 or 5% of the outstanding bill, whichever is greater|
|Cash advance fee||6% of the advance amount or S$20, whichever is higher|
|Interest on cash advance||28% p.a.|
|Interest-free grace period||23 days|
Transactions made in foreign currency outside or inside Singapore will attract a cross-border fee of 2.1% of the payment, of which 1.5% will go to the bank and 0.6% to UnionPay. The same UnionPay rate (0.6%) applies to transactions in Singapore dollars outside the country.
You can use your BOC Travel Card for any urgent cash requirements. Simply go to any BOC ATM in Singapore, or UnionPay, Cirrus or PLUS ATMs overseas, and withdraw cash as you would from a debit card. Within Singapore, you can also call the Customer Service Hotline and request for cash to be transferred from your credit card to your bank account. The applicable interest rate is 28% and a one-time cash advance fee of 6% of the amount, subject to a minimum of S$20, will be levied.
You can apply for the BOC Travel Card by going to the nearest branch of Bank of China. You will need to take with you all the documents required, so that there is no hitch in the application and processing. Once your card is approved, you will receive the card and PIN by mail to your registered address.
The minimum payment you are required to make every month is 3% of the billed amount (at least S$50). You can pay your bill in various ways
If you have lost or misplaced your card, or it has been stolen fom you, you have to immediately call BOC credit card hotline number and report it. You can also inform the bank in writing. A police complaint should be registered in case of theft or forceful disclosure of PIN, and a copy of the report should be given to the bank. You are not liable to pay the bank more than S$100 in such cases, unless it is proved that the card was lost or stolen because of your negligence or that you faked the loss of your card or helped someone steal it in order to cheat the bank. The liability could also be higher if you fail to inform the bank about the loss of the card.