All posts tagged: Bank of China

Bank of China slashes BOC Elite Miles card earn rate from 15 Jun

The revised rates are abysmal, so remember to cash out your points by 15 Jun BOC with its spectacular BOC Elite Miles card, has finally blinked. The card, which has one of the highest local spend earn rates for a general spending card, will be effectively reducing the earn rate of BOC Elite Miles card from 15 Jun, according to a revised terms and conditions document sent out to cardmembers yesterday (via SMS, no less). The keyword here being ‘effectively’ because of the way the change is made. Most other banks will usually change the earn rate of the cards, but BOC has taken the other approach by changing the conversion rate. BOC will be changing the conversion rate of your BOC points to miles from 15 Jun, as follow: Frequent Flyer Programme Currently From 15 Jun Krisflyer 30,000 points to 10,000 miles 45,000 points to10,000 miles Asia Miles 18,000 points to6,000 miles 27,000 points to6,000 miles This means that the conversion cost of your BOC points has gone up by 50%, effectively reducing your …

BOC Elite World MasterCard revised terms & conditions

The good ol’ days are over. Bank of China is now tightening what used to be a quick and easy way to earn miles. So back in July 2018, Bank of China created an uproar in the miles chasing community in Singapore with what was possibly the best miles card ever launched in Singapore. Of course, if you were one of those like me and applied for the card, you would have experienced the very rudimentary application process (read: paper and pen, coupled with snail mail), the incredibly long wait for the card to turn up before enjoying the absurdly good miles earning ratio. As with many new programmes, all good things must come to an end. As MileLion have explained in a few articles, Bank of China has slowly, but surely, introduced changes to tighten the ways they dish out miles. The latest set of terms and conditions was strangely postdated 15 March 2019, and is probably a sign of things to come. So what have changed since the launch? (1) Definition of local …

Bank of China introduces Elite Miles card, possibly the best miles card ever

Banks are probably one of the last few advertisers who still believe and benefit from print ads in newspapers, because this caught my eye today: Bank of China is relatively new foreign retail bank operating in Singapore. They offer a very decent banking account offer for customers but in terms of credit cards, they have predominantly been offering in cash back cards. Exceptionally high earning rates So what is BOC Elite Miles card offering? Local spend: promotional rate of 2 miles per dollar spent (usually 1.5 mpd) Overseas spend: promotional rate of 5 miles per dollar spent (usually 3 mpd) 4 complimentary entry to Plaza Premium lounge per year And a chance to win Singapore Airlines return economy ticket to Bangkok The promotional earn rates are valid for spend till 31 December 2018, but in any case these trump any promotions made by banks locally so far. Miles credit card punters will be incredibly familiar that the market norm for Singapore is anything between 1 to 4 miles per dollar spent, or maybe up to …