Bank of China Zaobao Credit Card

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Key Features

Up to 23.5%
Savings on petrol transactions at Shell and SPC
Up to 10%
Cash Rebate on Zaobao
Up to 5%
Cash Rebate on Dining, Online Purchases and Departmental Stores

Promotion

Petrol

Best for: Petrol transactions at Shell & SPC

To enjoy up to 23.5% savings on petrol transactions at Caltex, Shell, Sinopec & SPC, the minimum spend per month is S$600, with a cap at S$60.

Shopping

Supports all major Department Stores in Singapore

Enjoy up to 5% cash rebate on Department Store purchases and up to 3% cash rebate on online transactions.

Dining

Supports all restaurants, cafes and fast food except spends in hotels

Up to 5% Cash Rebate on all dining except F&B in hotels

Entertainment

Earn savings on Newspaper subscription and movies

Enjoy cash rebates of up to 10% on Zaobao & SPH newspaper subscriptions, up to 5% on dining and department stores, and up to 3% on online spend and MCST fees
Cash rebate cap of S$60 per month applies.

Rewards

Earn Reward points for all local and overseas spend

2x Reward Points for every S$1 spent overseas (excluding transactions in RMB)
1x Reward Points for every S$1 spent locally

Online Shopping

Supports all Online spends

Up to 3% cash rebate on Online purchases

Overseas Spending

Enjoy up to 3% cash rebate on online purchases, including those made in foreign currency.
Earn 2x reward points for every S$1 spent overseas and 1x reward point for every S$1 spent locally.
Get a minimum spend of S$600 per month, with a cash rebate cap of S$60.
Pay using either RMB or SGD with no currency exchange fees. For other currencies, a 2.5% exchange fee applies.

Other Features

Get up to 23.5% savings on petrol transactions at Caltex, Shell, Sinopec & SPC.
Enjoy up to 10% cash rebate on Zaobao & SPH newspaper subscriptions.
Receive up to 5% cash rebate on dining, department store, online spend and MCST fees.
Earn an unlimited 1% bonus cash rebate on all retail spend above S$2,000.
Earn 2x BOC Rewards Points for every S$1 spent overseas (excluding transactions in RMB).
No currency exchange fees will be charged.

Eligibility

Singaporean/PR Minimum Income

S$30,000

Non-Singaporean Minimum Income

S$60,000

Fees and Charges

Annual Principal Fee: S$205.20
Supplementary Annual Fee: S$102.60
Fee Waiver: First year waived
Interest Free Period: 23 days
Annual Interest Rate: 28.88%
Late Payment Fees: 5% or S$100, whichever is higher
Minimum Monthly Repayment: 3% or S$50, whichever is higher
Foreign Currency Transaction Fee: 3.00%
Foreign Check Fee: N/A
Cash Advance Transaction Fee: 6% or S$20, whichever is higher
Overlimit Fee: S$40

Review

By LOANPANDA

The Bank of China Zaobao Credit Card offers excellent cash rebates on petrol, dining, online purchases, and department store transactions. Cardholders can also earn rewards points for all local and overseas spend. The card’s unique feature is its up to 23.5% savings on petrol transactions at Shell and SPC.

Additionally, there are cash rebate caps for certain categories and a bonus cash rebate for retail spend above S$2,000. The annual fee is relatively high, but the first-year fee waiver helps offset that cost. Overall, this card is ideal for frequent petrol users and those who frequently dine out or shop online.