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 …