BOC SmartSaver

[ekardo]

boc smartsaver interest actually quite good
card spend up to 0.8%
salary credit up to 2.5%
payment 0.9%
base interest 0.3%

total up to 4.5% on $100k

Ok, maybe can revisit after my ocbc FD is back in Nov.

If 1600 salary, 500 card spend, 3 bill payment can get 4.6% seems higher than ocbc.

 

[FlyGuardX]

boc received my credit card application on 16 aug. i know this as they sent me a sms.
but up till now, i haven't got an update on my credit card application status. are they usually this slow?

 

[ice_angel]

Ok, maybe can revisit after my ocbc FD is back in Nov.

If 1600 salary, 500 card spend, 3 bill payment can get 4.6% seems higher than ocbc.

BOC salary requirement and card spend requirement are much higher than OCBC..

 

[ice_angel]

boc received my credit card application on 16 aug. i know this as they sent me a sms.
but up till now, i haven't got an update on my credit card application status. are they usually this slow?

Yes..

 

[FlyGuardX]

Yes..

received an sms today that they just approved my card lol

 

[ice_angel]

received an sms today that they just approved my card lol

Yeah.. Then you can expect the rcv the physical card in a week's time..
3-4 week's time for from CC application date till the date you rcv the card is pretty normal for BOC..

 

[Trazora]

BOC salary requirement and card spend requirement are much higher than OCBC..

lol but BOC requirements are easier to meet if u know how

 

[ice_angel]

lol but BOC requirements are easier to meet if u know how

I know how. I am earning full rebate every month. Just replying 1600 salary and 500 card spend is no enough.

 

[itchying]

received an sms today that they just approved my card lol

Wah 1mth to receive yr card.

 

[sohguanh]

Wah 1mth to receive yr card.

Normal. My credit card waiver from phone in until receive SMS waived is close to 2 weeks. Their recorded message say it will take about that long and they really is that long sia!

 

[devion]

After contact Grab helpdesk for failed adding BOC debit card, they responded for me to contact the bank. Its nerfed for sure on this one.

 

[FlyGuardX]

maybe applied for another boc debit card?

 

[RedsYWNA]

I know how. I am earning full rebate every month. Just replying 1600 salary and 500 card spend is no enough.

That's provided certain workarounds continue to work and not nerfed

 

[Sambuca78]

lol but BOC requirements are easier to meet if u know how

Hmmm... I am new to this BOC, but it sound very similar to UOB ONE.

So basically I just need to do this?

CC spent $500 - 0.80%
Salary $6000 - 2.5%
3 Giro - 0.90%
Base - 0.30%

Total 4.50 for up till $100k, correct ma?

And this $100k is not tiered, unlike UOB, correct ma?

thanks!

 

[ThreeSteps]

Hmmm... I am new to this BOC, but it sound very similar to UOB ONE.

So basically I just need to do this?

CC spent $500 - 0.80%
Salary $6000 - 2.5%
3 Giro - 0.90%
Base - 0.30%

Total 4.50 for up till $100k, correct ma?

And this $100k is not tiered, unlike UOB, correct ma?

thanks!

refer: https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348761.html

 

[Trazora]

Hmmm... I am new to this BOC, but it sound very similar to UOB ONE.

So basically I just need to do this?

CC spent $500 - 0.80%
Salary $6000 - 2.5%
3 Giro - 0.90%
Base - 0.30%

Total 4.50 for up till $100k, correct ma?

And this $100k is not tiered, unlike UOB, correct ma?

thanks!

cc spend $500 give 0.5% not 0.8%

 

[Sambuca78]

cc spend $500 give 0.5% not 0.8%

Thanks, 4.2% sounds good too.

Btw, how about this?

5. Extra Savings Interest

• Extra Savings bonus is applicable to your account balance above S$100,000 and subject to a maximum of S$1,000,000.
• Enjoy 0.60% p.a. Extra bonus interest when you fulfil any one of the requirements for Card Spend, Salary Crediting or Payment bonus interest.
• Prevailing interest rate will apply to your account balance above S$1,000,000.

 

[RedsYWNA]

Thanks, 4.2% sounds good too.

Btw, how about this?

5. Extra Savings Interest

• Extra Savings bonus is applicable to your account balance above S$100,000 and subject to a maximum of S$1,000,000.
• Enjoy 0.60% p.a. Extra bonus interest when you fulfil any one of the requirements for Card Spend, Salary Crediting or Payment bonus interest.
• Prevailing interest rate will apply to your account balance above S$1,000,000.

0.6% (extra) + 0.3% (prevailing) = 0.9% for amounts > $100k......Thats far too low

 

[Sambuca78]

0.6% (extra) + 0.3% (prevailing) = 0.9% for amounts > $100k......Thats far too low

Ya, i just realised that's for amount exceed the 100k.

Btw, anyone has any recommendations which BOC credit is good or with good promotion now? Thanks!

 

[ahnyaahnya]

Ok, maybe can revisit after my ocbc FD is back in Nov.

If 1600 salary, 500 card spend, 3 bill payment can get 4.6% seems higher than ocbc.

4.6% is on top tier? Or is overall?
The salary , can we FAST it in ourselves? Or must be from a company ?