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Credit Cards Charges

(For all BOC Credit Cards)


Credit Cards Charges (with effect from 01 December 2018)

Product Name BOC Credit Card
Interest free period 23 days from statement date if bills are paid in full
Interest on purchases (where applicable) Applied rate - 2.41% per month
Effective interest rate - 28.88% per annum, minimum charge ^¥/S$3.00
If payment is not made in full by the Due Date, interest will be calculated on a daily basis on the outstanding balance from the previous Statement Date and on all new transactions from the date they are posted to Card Account. No interest will be levied if payment is received in full by the Due Date and there is no balance carried forward from the previous statement.
Interest on Cash Advances Applied rate - 2.41% per month
Effective interest rate - 28.88% per annum, minimum charge of ^¥/S$3.00
Interest is compounded daily and levied on the amount withdrawn from the withdrawal date until receipt of full payment.
Important: Interest charges for cash advance shown on billing statement represent interest accrued up to the billing statement date. Interest will continue to accrue up to the day of payment. For full payment of cash advance borrowings, customers are advised to call our 24hour customer hotline at 1800 338 5335.
Minimum monthly payment 3% of the monthly balance outstanding, plus any outstanding Minimum Payment Sum, plus the amount in excess of the Credit Limit, or ^¥/S$50, whichever is greater.
Late payment charges 5% per month of the Minimum Payment Sum, subject to a minimum of ^¥/S$100 per month; if minimum monthly payment is not made by due date#
Annual membership fee S$190 for principal card, S$95 for supplementary card
BOC Visa Infinite Card: S$350 for principal card, S$175 for supplementary card
BOC Sheng Siong Card: S$30 for principal card, S$15 for supplementary card
Cash advance fee Other Credit Cards:
^¥/S$20 or 6% of amount withdrawn, whichever is greater.
mBusiness Card:
^¥/S$15 or 5% of amount withdrawn, whichever is greater.
Fees for foreign currency transactions Our administrative fee: 2%/2%*/2.4% of the transaction amount for Visa/Mastercard/UnionPay Credit Cards
*Administrative fee for Mastercard is effective from 15 Jan 2019
Cross-border fee charged by Card associations:Additional 1%/1%/0.6% of the transaction amount to be charged by Visa/Mastercard/UnionPay respectively
Dynamic Currency Conversion Fee All Visa or MasterCard transactions effected in Singapore dollars and processed overseas are levied a fee of 1% by Visa and MasterCard International.
Payment hierarchy Payment made to the credit cardmember's account will be settled in the following order, with 1 being the highest priority for settlement:
1. Cash Advance
2. Retail Transaction
3. Flexi-Balance/ Instalment Payment Plan (IPP)
4. Fund Transfer
Lost/stolen card liability The Cardmember shall at all time exercise all possible care to ensure the safety of the Card and PIN and that the PIN is only known to the Cardmember and not disclosed to any other person. The Cardmember shall immediately report to the Bank if the Card is lost, stolen or misused or the PIN is disclosed to any other person by calling the Bank's Customer Service Hotline (1800 338 5335) or by notifying the Bank in writing.
The Cardmember shall lodge a police report accompanied by written confirmation of the loss, theft or misused of the Card or disclosure of the PIN and to provide to the Bank any other information that the Bank may require. The maximum liability for the Cardmember due to any unauthorized use of the Card is S$100 provided that the Cardmember has not acted fraudulently or was not grossly negligent or has not otherwise failed to inform the Bank promptly after becoming aware that the Card has been lost,stolen or misused or the PIN is disclosed to other person.
There may be circumstances in which you have to pay other fees. See the full list of terms and conditions(Cardmember Agreement):
NOTE: ^Fees in ¥ are only applicable to BOC Dual Currency Cards RMB account
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