Bank of China Qoo10 Platinum Mastercard®

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Key Features

Up to 10%
Rebate on Zaobao & SPH newspaper subscriptions
^S$200
Min. Spend per month
^S$60
Cashback cap per month

Promotion

Entertainment

Up to 3% Qmoney Rebate on Entertainment Spend
Min. Spend of S$200/mo, cap at S$20 on out-of-Qoo10 spend

Online Shopping

Up to 3% Qmoney Rebate on Qoo10 and Online Spend
Min. Spend of S$200/mo, cap at S$10 rebate on Qoo10 spend and S$20 rebate on out-of-Qoo10 spend

Overseas Spending

Up to 10% Qmoney Rebate on Public Transport Spend
Up to 3% Qmoney Rebate on Taxi/Grab and Overseas Spend
Min. spend of S$200/mo, cap at S$20 Qmoney rebate on out-of-Qoo10 spend

Dining

Up to 3% Qmoney Rebate on Fast Food Spend
Min. Spend of $200/mo, with cap of S$20 Qmoney rebate on out-of-Qoo10 spend

Other Features

Enjoy up to 10% Qmoney rebate on your Public transport spend

Up to 3% on your Qoo10 Spend and all other purchases

$500 Credit Limit

Eligibility

Singaporean/PR Minimum Income

Students, 18 years & above: No min. income.
Working adults, 21 years & above: $18,000 to $30,000

Fees and Charges

Annual Principal Fee: S$32.40
Supplementary Annual Fee: S$16.20
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 Qoo10 Platinum Mastercard offers attractive rebates on various categories such as newspaper subscriptions, entertainment, online shopping, overseas spending, and dining. The card provides up to 10% rebate on Zaobao and SPH newspaper subscriptions and up to 3% Qmoney rebate on entertainment, online shopping, and dining. The card also offers up to 10% Qmoney rebate on public transport spend and up to 3% Qmoney rebate on taxi/Grab and overseas spend. The annual fee is affordable, and the first-year fee waiver is an added benefit.

The minimum income requirement is relatively low, making it accessible to students and working adults. However, the high-interest rate and foreign currency transaction fee should be taken into account before using the card. Overall, the Bank of China Qoo10 Platinum Mastercard is a decent card option for those looking for rebates on a variety of categories.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.