|Highlights||Credit Card Feature|
|Things We Like||Earn 3X Reward Points on overseas spend|
|Our Least Favourite||High annual income requirement|
|Our Verdict||Great card that frequent travellers would appreciate despite the usual foreign transaction fees|
The BOC World MasterCard is a rewards credit card that specifically caters to the elite frequent traveler. Its rewards programme benefits people who travel often and use their card overseas by letting cardholders earn 3 points on overseas spending. This card also boasts an extensive selection of discounts and perks on hotels, dining and entertainment worldwide.
If a rewards credit card is what you're looking for but you're not sure whether BOC World MasterCard is the right choice for you, read on! Here I will evaluate the card, taking into account all of the small print.
|Credit Card||Features||Intro Interest p.a.||Standard Interest p.a.||Annual Fee||Minimum Income||We least like||Related links|
BOC World MasterCard
|28.88% per annum||S$190 (waived for 2 years)||S$80,000 p.a.||Related Links Read our review of BOC World MasterCard or view more details of BOC World MasterCard. See more BOC credit cards.|
Things We Like About BOC World MasterCard
Annual fee waived for the first two years. This card has a $190 annual fee (waived the first 2 years). That means you can enjoy no annual fees for the first two years of your membership.
Earn 3 bonus points on overseas spending. For every $1 charged to your card overseas will earn 3X BOC reward points, helping you earn rewards faster.
Up to 20% off dining at restaurants islandwide. Benefit from special dining deals and reductions of up to 20% at selected restaurants islandwide. Some of the restaurants include The Fullerton Hotel, the Marriott Hotel and the Peninsula Excelsior Hotel.
Hotel and lifestyle privileges. Take advantage of hotel and lifestyle privileges around the world with the BOC World MasterCard. Privileges include 10% off best available rates at the Peninsula Excelsior Hotel (Singapore), best available rates and a free room upgrade at Hotel Equatorial Shanghai (China), and an upgrade and breakfast for up to 2 people, among other perks, at Capri by Fraser (Changi City, Singapore).
Wellness privileges. Pamper yourself with special wellness discounts. Cardholders will benefit from 10% off all a la carte services at Adeva Spa, 20% off all a la carte services at Spa Rael and 30% off all a la carte services at The Ultimate.
Complimentary Starwood Preferred Guest® Gold membership. Upgrade to Gold Preferred Status with Starwood after staying just one night at participating Starwood Hotels & Resorts in Asia Pacific. Normally this status is only available to people who have spent 25 paid nights at participating hotels. This special status will grant you potential room upgrades and a late checkout as well as 50% more Starpoints®.
Discounts at Hertz car rental. Cardmembers will benefit from a complimentary Hertz Gold Membershipas well as a discount of up to 15% on selected services and at participating Hertz locations worldwide. Free one-car-class upgrades are also available to BOC World MasterCard members, subject to availability.
SISTIC ticketing privileges. Don't worry about postage or pick up fees when you book events tickets through SISTIC using your BOC World MasterCard. This card allows you to enjoy free mail delivery or collect your tickets free of charge from SISTIC authorized agents.
24-hour concierge service. Need help with travel advice or booking tickets abroad? Consult the BOC concierge team any time day or night to get dining recommendations, golf course recommendations, entertainment tickets and much more.
Flexi-Balance 0% interest instalment programme. Spread the costs of retail purchases over 6 to 36 months with 0% interest with the Flexi-Balance programme. As long as you spend a minimum of $500 on your card you will be able to choose from a variety of plans with very low processing fees and no interest to help you pay back your purchase slowly in convenient instalments. Terms and conditions apply.
0% funds transfer option. Help clear any current outstanding bills with your bank's savings, current, credit line or credit card accounts with the BOC 0% funds transfer option. Take advantage of a 0% interest rate for 3 to 6 months by paying a one time processing fee, potentially saving you a significant amount. Terms and conditions apply.
Cash advances available. You will be able to get extra cash immediately at BOC ATMs or by ringing the BOC customer service hotline. Keep in mind that there is a 5% fee of the amount withdrawn or $15, whichever is higher. There is also a finance charge for the service with an interest rate of 28% per annum will be calculated on a daily basis and levied on the amount withdrawn from the withdrawal date until receipt of full payment. Further terms and conditions also apply.
Our Least Favourite Things About BOC World MasterCard
Eligibility requirements. The minimum annual income required to be eligible to apply for this card is $80,000, making it not accessible to everyone.
Interest rates. There is no low introductory interest rate. The interest rate is 28.88% interest per annum with a minimum charge of $2.50. However, if you pay your bills back in full before the due date (23 days from statement date), then you will not have to pay any interest at all.
Late payment charges. If you fail to pay off your minimum payment on time then a charge of 5% of the owed minimum payment or $55 per month (whichever is greater) will apply.
BOC World MasterCard is a rewards card which would mainly benefit the frequent traveler. With the chance to earn 3 bonus points for spending overseas and a large selection of hotel benefits and discounts worldwide, BOC World MasterCard makes a great travel companion for big spenders. Its car rental perks, concierge service and entertainment offers also underline this.
This card also helps you manage your finances better by paying off large purchases slowly with the 0% interest instalment plan. In conclusion, this card is a rewarding credit card for big spenders and travellers who want to benefit from exclusive benefits and perks on their spending at home and abroad.