facebookBank of China Family Card Reviews and Comparison - Seedly

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Credit Cards/Bank of China Family Card
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Summary

Product Page Transparency

  • Pays to access additional features

Highlights of Bank Of China Family Card

The BOC Family Card has many cashback features:

  • 10% cashback on dining (local and overseas)
  • 10% cashback on movies (local and overseas)
  • 5% cashback on family club merchants
  • 3% cashback on public transport
  • 3% cashback on online shopping, groceries and hospital bills

Find out about the card's host of benefits, charges, promotions and eligibility criteria below.

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Bank of China Family Card

10% Cashback on Dining and Movies

CASHBACK

$100

CASHBACK CAP

$800

MINIMUM SPEND

Bank of China Family Card

10% Cashback on Dining and Movies

CASHBACK

$100

CASHBACK CAP

$800

MINIMUM SPEND

Reviews (12)

3.5

12 Reviews

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      Posted 16 Mar 2022

      Purchased

      Bank of China Family Card

      Manual sign up. Drop in rebates overall means I have cancelled the card since. Was good for shopping at Sheng Siong

      0

      What are your thoughts?

      27 Jun 2020

      Purchased

      Bank of China Family Card

      The key benefits for using this card are (1) to clock qualifying spend for BOC SmartSaver and (2) 10% dining rebate. For other spending categories, there are normally better deals out there.

      0

      What are your thoughts?

      02 May 2020

      Purchased

      Bank of China Family Card

      [Updates on 2th May 2020] Since the benefits has reduced since 2019, it is no longer beneficial for most except those choose to save with the bank's high interest savings account which needs to spend min $500 on their card. Otherwise it is a no go for this card as other card might provide better benefits. Been using this card for the past 8 months plus and in the past their other services. BOC is still NKOTB, so kinda in the past not really good in their offers until recent 1 to 2 years. Still my main card due to : Pros: - One of the highest for dining + Movie at 10% but capped at $30 per billing cycle - Telco/supermarket/hospital bill /netflashpay[first 4 auto top up with fees at $0.50 each auto top up]/best denki, Bigbox, Toys r us , Unity, Watson, all shared at 5% BUT Cap at $40! (So max spend is $800) - Online spend at 5% but cap at $30 (max spend $600) - Good to consolidate all your household charges/ spending to get the max cash back out of it! Cons: - They changed the min spend from $500 to $700, effective 24th April 2018! TOO MUCH! - Need to call up CSO to find out your billing period and it is based on book-keeping date (posting date), and different CSO actually gave me different date! Furious! - With everyone posting date different, and transaction may post 2 to 3 days after transaction date(depends on merchant), you need to buffer: (a) 2 day before the starting of the posting date and (b) 3 days before end of posting date => to ensure your transaction safely fall into the cash back period for yourself eg. If your posting date is: 17th Mar to 16th Apr, you need to spend on 15th Mar to 13th Apr to ensure it safely falls into your billing period to fulfill the $700 min spend and then ensure each cash back category doesn't get over the max cashback cap of each category. - Probably they realize they are paying too much cash back due to many pro user using their card! haha.. so they started consolidating spending category and limit the cash back. sigh... - Worst Internet banking and apps ever, confusing bill, troublesome to login, LONGEST 2FA code in the world!!! Very hard to calculate the cash back transactions validity. Overall, still the only good cashback cash in the market than the rest with easier spending to meet.

      0

      What are your thoughts?

      20 Jan 2020

      Purchased

      Bank of China Family Card

      [Cashback Card] A powerful card to earn rebates for daily shopping ( groceries, online) and dining (fast food, restaurants). Despite several change in tnc, still rather straightforward to use. [Promotions and Perks] Get step up interest for BOC smartsaver account if u spend $500 per month. Sweet!

      0

      What are your thoughts?

      Posted 23 Nov 2019

      Purchased

      Bank of China Family Card

      BOC a bit messed disorganized - took more than a month to get card going - almost gave up before call out of blue 3 weeks in asking for some more documents and then another week before approval letter/card received. The cashback benefits used to be quite strong but then the bank keeps on changing around requirements (witnessed two program changes in 12 months) and a hassle to use really. Gave up on first year renewal coz wavier was more trouble than it is worth.

      0

      What are your thoughts?

    • Well, this card is alright. nothing much i can complain about. serve as a decent credit card for casual spending monthly. 1 thing to note is that the annual fee is $230 and the fee waiver process takes at least 2 working week before you get any notification.

      1

      What are your thoughts?

      I wanted a bank of China card, thinking I can link it to Alipay. I was wrong. 😑

    • Have been using this card for the past 6 months plus. Hands down this was one of my favourite cards which I selected after doing an assessment here: https://blog.seedly.sg/best-cashback-cards-for-working-adults-in-2017/ Pros: - One of the highest for dining (10%) but capped at $30 per billing cycle - Same for online and supermarket purchases which stands at 5% - Additional interest for your savings account if you are on the BOC SmartSaver account - Ideal for larger family sizes where this can be your main utility cards Cons: - They changed the min spend from $500 to $700 last month (April 2018) which kinda sucks :( - Beyond that, some of the caps include categories like dining and online at $30 each a month - This is the main reason why I am giving it only 4 stars and not 5 stars - Cashback was delayed for 2 months before and the UI on the app kinda is not good LOL - But the customer service called me up to check on the status etc which is not bad Overall, I may be switching to a miles card depending on our progress as a couple. And if my spending drops below $700 per month. But we'll see, in the meantime, it's nice to get good cashback monthly :)

      2

      What are your thoughts?

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    • A new review after one year. The refused to waive the annual fee fully even though my spend is prolly above 10k per year. The still charged a total of $50 for one main and one supp card. That said, I'm still going to use it because the rebates are pretty good so far for rebates. I might stop once I change to a full points/miles system.

      0

      What are your thoughts?

    • Good for dining and Super marketing spending with a high cash back of 10%. Only draw back is the cash back cap and high minimum spending of $700.

      0

      What are your thoughts?

      08 Jun 2018
      This is the cash back card i will recommend to others. ATU NETS FlashPay for up to 4 times per month earns you 5%. So every $50 top up earns you $2.5 but only pay 50 cents service fee. You can use this on public transportation, make payments where credit card is not accepted, only NETS (like People Park Complex). The usual Ezlink Top Up doesn't earn you anything. Besides, telco bill, hospital bill also earn 5% which is not very common to other credit card. You can also use this card to pay income tax/property tax, insurance premium, seasoned parking, condo maintenance fee etc via CardUp earns you 5% cash back. There is no other credit card that can offer the same (as far as i know lar). However, you need to pay 2.6% service fee to CardUp. This transaction will be categorised under online transaction which cap at $600 spent per month. Grocery shopping at 5% is just normal cashback you can get from most credit card. Therefore, if you consolidate these expenses into one card, it is easy to achieve $700 min spent per month. The cashback is cap at $100.

      0

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    Discussions (0)

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      BOC Family Card

      BOC Family Card

      New to credit cards? Here's your complete guide to cashback credit cards.

      Eligibility for BOC Family Card

      • Be at least 21 years old
      • Income of S$30,000 and above per annum for Singaporeans and PR
      • Income of S$60,000 and above per annum for foreigners

      Fees and Charges for Bank of China Family Card

      • Annual Principle Fee: S$203.30
      • Annual Supplementary Card fee: S$101.65
      • Fee Waiver: First year annual fee waiver
      • Interest-Free Period: 23 days
      • Charges for Card Transactions: At the prevailing effective interest rate of 28.88% p.a. (subject to compounding if charges are not paid in full)
      • Foreign Currency Transaction Fee: 2%
      • Minimum Monthly Payment: 3% of the outstanding balance, in addition to: i) the total sum of any overdue minimum payment, ii) late payment charges, and iii) any amount exceeding your credit limit, or S$50 (whichever is greater)
      • Overlimit fee: S$40
      • Late Payment Charge: A charge of S$100 applies for outstanding balances
      • Cash Advance Fee: The fee for a cash advance is S$5 or 3% of the transaction, whichever is greater.

      Key Features and Benefits of BOC Family Card

      These are some features of the BOC Family Card and the cashback benefits it has to offer.

      Benefits of BOC Family Card

      What You'll Get

      Base Cash Rebate

      0.3% if you spend less than S$800 with a cap of S$25

      Family Cash Rebate

      Minimum spend of S$800

      • 10% cash rebate on Dining and Movies
      • 5% cash rebate on Family Club Merchants such as Best Denki, POPULAR Bookstore, Unity Pharmacy and Watsons

      It is capped at S$25 per billing cycle

      • 3% cash rebate on Supermarket, Online purchases and Hospital

      BOC Family Card - Benefits

      Terms and Conditions of BOC Family Card

      • 0.3% base cash rebate will be awarded on all retail transactions if the Bank of China credit card user spends less than S$800 in his/her billing cycle
      • Family cash rebates will be given after spending more than S$800 within the billing cycle
      • These are some transactions that does qualify for the cashback: payments to government institutions, payments to financial institutions, utilities payment, any form of donation, payment for parking lots, payment for cleaning, payment made via AXS and SAM
      • 0.3% cash rebate on all other spending is capped at S$25 per billing cycle

      Bank of China Contact Info

      • Credit card assistance: 1800 338 5335 (SG) or +65 6779 5566 (if overseas)
      • Banking and general enquiries: 1800 669 5566 (SG) or +65 6779 5566 (if overseas)

      About Bank of China

      Bank of China is a notable bank with the longest continuous operation among Chinese banks. Formally established in February 1912, they served as the central bank till 1949. Bank of China has a well-established global service network with institutions set up across mainland China and 57 countries. They provide services such as corporate banking, personal banking, financial markets and commercial banking.

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