BOC Family Card Sign Up Here:
Bank of China Family Card Overview:
- A credit card made for everyday family spending— enjoy high cashback on common daily transactions such as dining, movies, public transport, and even hospital! This offers up to 10% cashback which is a pretty high earn rate among other credit cards.
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 (locals/PRs); S$60,000 (foreigners)
- Annual Fee: $205.20, first year waived
Key Benefits:
- Earn 10% cashback for dining and movies
- Earn 5% on Family Club Merchants (BEST Denki, POPULAR Bookstore, Unity Pharmacy, Watsons and Welcia-BHG (except for retail stores in schools, roadshows, expo and events))
- Earn 3% cashback on groceries, online shopping, telco bills and even hospital bills.
- 0.3% cashback on other spends
- Cashback is subjected to a monthly sub-limit of $25 on each category and monthly maximum $100 cashback
Where Can I Use it:
With S$800 minimum spend in a billing cycle, this card can be used on these merchants:
MCC | Category | Earn Rate | Eligible Categories | Cashback Cap |
MCC 5812 MCC 5814 MCC 7832 | Dining & Movies | 10% | Restaurants, cafes, fast food restaurants & other eating establishments worldwide; Transactions at any movie theatre in Singapore | S$25 |
Family Club Merchants | 5% | – BEST Denki – POPULAR Bookstore – Unity Pharmacy – Watsons – Welcia-BHG (except for retail stores in schools, roadshows, expo and events) | S$25 | |
MCC 4111 | Public Transport | 3% | Contactless card transit transactions on MRT Trains & SBS/SMRT Busses via TransitLink ABT System | S$25 |
MCC 5411 | Supermarkets | 3% | Transactions at major supermarkets & hypermarkets | S$25 |
All online purchases with exclusions | Online | 3% | Retail transactions made via the internet (exc. apply) | S$25 |
MCC 8062 (those who don’t belong in this MCC will earn 0.3% cashback) | Hospital Bills | 3% | Transactions made at hospitals in Singapore | S$25 |
Is it Worth it:
Advantages:
- One of the highest cashback card for hospital bills with MCC 8062
- not too shabby cashback rate of 6.44%
Disadvantages:
- Minimum monthly spend of $800
Frequently Asked Questions:
When is Cashback credited: It will be credited into the card account in the next billing cycle. And will be reflected on the monthly statement.
Exclusion List:
a) payments to government institutions and payments for government related services;
b) payments to financial institutions (including banks and brokerages) and payment for financial services;
c) utility bill payments;
d) any form of donations
e) payments of funds to prepaid accounts and merchants who are categorised as “payment service providers”;
f) payments for parking lots;
g) payments for cleaning, maintenance, and janitorial services;
h) payments made via AXS and SAM; and
i) any other transactions as determined by BOC from time to time.
Online Spend Exclusions:
Category | Examples |
Government Institutions / Services | ACRA CPF HDB SEASON PARKING ICA LTA MOM Town Council URA |
Financial Institutions / Services (including banks and brokerages) | helloPay MatchMove Pay Saxo Cap Markets IGMARKETS FOREX.COM MONEYBOOKERS.COM OANDA PACIFIC Swiss Money Transfer |
Money Transfer and Remittance Services | Swiss Money Transfer TransferWise WorldRemit |
Utility Bill Payments / Other Payments | SP Services AXS SAM payments |
Prepaid accounts and payment service providers | EZLINK (FEVO) EZLINK (IMAGINE) v TransitLink NETS FlashPay SingTel Dash Youtrip GrabPay Top up MatchMove Pay HelloPay |
Cleaning, Maintenance, and Janitorial Services | Helpling Sendhelper |
With the S$25 cashback per category, here is a strategy on how much to spend to hit the minimum spend and earn maximum cashback:
You would yield a 6.44% cashback with a minimum spend of S$800.
Category | Rate | Max Cap | Spend to Cap |
Dining & Movies | 10% | S$25 | S$250 |
Family Club Merchants | 5% | S$25 | S$500 |
Public Transport or Supermarket,Online, Hospitals | 3% | S$1.5 | S$50 |
Total Amount | 6.44% | S$51.50 | S$800 |
Read Terms and Conditions Here
Final Thoughts:
- This is one of the highest cashback card for hospital bills with MCC 8062. You may read my post on best cards for hospital bills. Assuming we use this card for solely hospital bills, we would max out a 3% cashback (S$25) at S$833.33 spending!
Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
BOC Family Card Sign Up Here:
We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
