BOC Chill Card Review

BOC Chill Card Review

The BOC Chill Card boasts a perpetual fee waiver and easy application. Plus, enjoy up to 10% cashback with a generous $500 welcome offer! Dive into 10% cashback on select purchases, including streaming, entertainment, and leisure spending. Earn up to 5% cashback on overseas and online transactions, too. Discover the best ways to maximise your rewards with MoneySmart’s analysis!

Table of contents: BOC Chill Card review

BOC Chill Card: Is it worth applying? MoneySmart credit card rating

BOC Chill Card — Is it Money Smart?
Overall: ★★★★☆
Best for: Dining, Entertainment and Cashback


Category Our rating Explanation
Earn rates: cashback ★★★★☆
  • Designated spending categories: 10% cash rebate*
  • Online Spending: 5% cash rebate*
  • Overseas Spending: 5% cash rebate*
  • Other Spending: 0.4% cash rebate

*The total additional monthly rebate cap is HK$150 (the 5% and 10% rebate caps are shared)

Earn categories ★★★☆☆
  • Entertainment (all cinemas in HK, online video/music streaming service, gaming platform)
  • Online shopping
  • Overseas spending
Annual fees and charges ★★★★☆
  • Perpetual annual fee waiver for main and additional BOC Chill Cards
  • Foreign Currency Transaction Fee at 1.95%
Accessibility ★★★★☆
  • An annual income of HK$150,000 is required
  • Available for Full-time University/Tertiary Students
Extras/periphery rewards ★★★☆☆
  • Octopus automatic top-up service at 0.4% cash rebate
  • Installment posted transactions at 0.4% cash rebate
  • Payment service and auto-pay via eBanking at 0.4% cash rebate
  • Chill Easy Instalment 3-month Installments with handling fee rebate (single transaction of HK$1,000 or above)
  • “Chill Date” Movie, Concert and Entertainment Events
Welcome offer ★★★☆☆
  • Credit card users are required to accumulate spending of HK$5,000 or above within the first month, and following two calendar months of card issuance, they can enjoy a HK$500 cash rebate as a welcome offer

BOC Chill Card: $500 cash rebate welcome offer from $5,000 Spending in first 3 months (promo till June 30, 2024)

Quick heads up: With the BOC Chill Card, both main cardholders and extra cardholders can pool their spending to earn rewards. But not all transactions count, like cash advances, Octopus top-up service, or annual fees.

About that welcome offer: If you’ve already got a BOC Credit Card or BOC Dual Currency Credit Card—main card, extra card, business card—or you’re part of Bank of China (Hong Kong) Limited, sorry, no welcome deal for you. The same goes if you’ve cancelled or had those cards in the last year.

But there are still loads of perks with the Chill Card, even if you miss out on the welcome offer. So, let’s dive in and chill out with those rewards!

BOC Chill Card: 10% cash rebate on designated spending categories

With your BOC Chill Card, you can score 10% cashback on purchases at “Chill Merchants,” up to HK$150 per month. These Chill Merchants cover a range of categories, including fast-food, dining, entertainment, leisure, and streaming brands. The promotion period is from 1 January until 30 June 2024.

Be reminded that the 10% cash rebate includes the earning of 1 Gift Point upon HK$1 spending from BOC “Gift Point Rewards” (equivalent to 0.4% cash rebate). The Extra cash rebate is 9.6% per month.

Chill Rewards Chill Earnings
  • Emperor Cinemas
  • MCL
  • Broadway Circuit
  • Cinema City
  • Cine-Art House
  • Apple TV / Music
  • App Store
  • Disney+
  • Google Pay
  • JOOX
  • KK Box
  • MOOV
  • Netflix
  • Nintendo
  • PlayStation
  • Spotify
  • Youtube
  • McDonald’s
  • McDonald’s App
  • Pacific Coffee
  • Starbucks
  • GU
  • IKEA
  • LOG-ON

BOC Chill Card: 5% cash rebate on overseas spending and online shopping

For sverseas retail spending made at overseas merchants and settled in foreign currency, and online retail spending conducted via online channels (whether local or overseas), card holders can also earn a 5% cash rebate.

Same as “10% cash rebate”, 5% cash rebate includes the earning of 1 Gift Point upon HK$1 spending from BOC “Gift Point Rewards” (equivalent to 0.4% cash rebate). The Extra cash rebate is 4.6% per month.

BOC Chill Card: 10%/5% monthly cash rebate cap

The total maximum reward under eligible 10% cash rebate on designated spending categories, 5% cash rebate on overseas spending and online shopping is HK$150 per month for each credit card account.

For Example, you’ll earn the maximum rebate by spending HK$1,563 on designated spending categories each month, or by spending HK$3,261 on overseas spending and online shopping if you solely spend on one of the categories.

Eligible Transactions

Eligible Transactions include retail transactions and the spending via mobile payment (includes Apple Pay, Google Pay and Samsung Pay), but excludes Alipay HK and WeChat Pay transactions, amount redeemed under “Instant Reward” transactions, Cash Advances, Cash Before Card amounts, balance transfer amounts, autopay transactions, Octopus Add Value/Automatic Add Value transactions, instalment transactions (including but not limited to cash instalments, statement instalments, online bill payment instalments and monthly payments of merchant interest-free instalments), annual fees, finance charges, arrangement fees, payments for public utilities/bill payments (including but not limited to payments for tax, telecommunication, membership fees, educational institution fees/tuition fees, rental or utilities bills), transactions via online banking bill payment, online payment system payments to designated merchants (including but not limited to PayPal or Alipay), purchases and/or reloads of stored value cards/gift cards or e-wallets, product/service transactions at financial/non-financial institutions (including but not limited to deposits, purchases of foreign currency, money transfers, speculation transactions, insurance transactions, mutual fund payments and stock monthly contribution and property purchases), casino and gambling transactions, transactions for charity donations and to non-profit organisations, person to person (P2P) fund transfers via mobile device/app/electronic platforms, any other transactions without sales slips, any unauthorised transactions and any other categories as may be defined by The Company at its sole discretion from time to time.

BOC Chill Card: Annual income requirement

The minimum annual salary of HK$150,000 for applying for a BOC Chill Card.

BOC Chill Card: Fees and charges

While many banks offer credit cards with waived annual fees for the first year or two, the BOC Chill Card takes it up a notch with a permanent fee waiver. That means no fretting over unnecessary fees and no need to make those dreaded calls to the bank every year or quarter to waive the fee. So relax, enjoy the perks, and leave those annual fee worries behind!

BOC Chill Card: Basic information

Feature Details
Annual principal fee HK$3,800
Supplementary annual fee HK$1,900
Fee Waiver Perpetual annual fee waiver
Interest Free Period Up to 56 days
Annual Interest Rate Credit Purchase: 35.7%; Cash Advance: 35.31%*%
Minimum Monthly Repayment HK$230 or the summation of item (i) to (iv) (whichever is higher)

  • (i) total outstanding billed interest, fees and charges
  • (ii) any overdue minimum payment amount from previous monthly statement (where applicable)
  • (iii) total of over-limit amount (where applicable) (excluding items (i) and (ii) above)
  • (iv) 1% of the remaining principal balance (excluding items from (i) to (iii) above)
Foreign Currency Transaction Fee 1.95% is imposed by the BOC on foreign currency transactions. A 0.95% transaction fee is imposed by Mastercard.
Cash Advance Transaction Fee 4% plus HK$20 (HK$25 through PLUS / CIRRUS ATM) per transaction. (subject to a minimum of HK$100)
Overlimit Fee HK$180 per statement cycle

Review: Should you apply for the BOC Chill Card?

In addition to the welcome offer being exclusive to those without any BOC credit cards in the last 12 months, your daily spending will only earn a modest 0.4% cashback. Plus, there’s a cap of HK$150 on the additional cashback for the 10% & 5% cash rebates. Compared to similar credit cards, this cap may seem small, so it’s essential to keep tabs on your limits and maximise your rewards whenever possible!

Frequently asked questions: BOC Chill Card

Is there an annual fee for the BOC Chill Card?

No, there isn’t. The BOC Chill Card offers customers a permanent fee waiver.

Is the application threshold high for the BOC Chill Card?

No, it’s quite low. The application threshold for the BOC Chill Card is low; you just need to be 18 years old, and students don’t need to provide income proof.

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