Bank of China Sheng Siong Card

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Key Features

Up to 6%
Cash rebate at Sheng Siong
1.5%
Unlimited cash rebate on all overseas spend (including online purchases)
^S$0
Min. Spend per month

Promotion

Overseas Spending

Earn an unlimited 1.5% cash rebate on your overseas spending, which includes online purchases.
Enjoy up to 6% cash rebate at Sheng Siong.

Groceries

Supports Grocery spends at Sheng Siong

Earn an unlimited 1.5% cash rebate on your overseas spending, which includes online purchases.
Enjoy up to 6% cash rebate at Sheng Siong.

CashBack

Enjoy Cashback on Grocery, Taxi and Overseas spend

Earn an unlimited 1.5% cash rebate on your overseas spending, which includes online purchases.
Enjoy up to 6% cash rebate at Sheng Siong.

Other Features

Earn an unlimited 1.5% cash rebate on your overseas spending, which includes online purchases.
Enjoy up to 6% cash rebate at Sheng Siong.
The annual fee for principal and supplementary cards is waived for the first year.

Eligibility

Singaporean/PR Minimum Income

S$30,000

Non-Singaporean Minimum Income

S$60,000

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, whicheer 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 Sheng Siong Card offers up to 6% cash rebate on purchases made at Sheng Siong, as well as an unlimited 1.5% cash rebate on all overseas spending, including online purchases.

There is no minimum spend required and the annual fee for the principal and supplementary cards is waived for the first year. However, the card has a high annual interest rate of 28.88% and late payment fees can be as high as 5% or S$100. Overall, this card is a good choice for those who frequently shop at Sheng Siong and make a lot of overseas purchases.

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.