BOC i-card: Rapid Rewards for Online Spend and Mobile Pay

BOC i-card: Rapid Rewards for Online Spend and Mobile Pay

Rapid Miles for Online Shopping and Mobile Pay

Good for

  • Budget-savvy consumers looking for top rewards in specific spending categories
  • People looking for a flexible rewards program
  • Consumers who don’t want to pay an annual fee

Bad for

  • Wealthy consumers looking for high, uncapped miles rewards
  • Travellers looking for hotel discounts and airport perks
  • Shoppers who dislike using mobile pay

Editor's Rating

4.0/5.0

BOC i-card is a great choice for consumers with a limited budget looking to maximise their rewards by spending in specific categories. Consumers earn 0.67 miles per HK$1 spend or 4% cashback for mobile payments and online transactions, significantly higher than the market average. BOC i-card’s impressive rewards are available with a minimum income requirement of HK$150,000 and a perpetual annual fee waiver, making this an accessible card that lets you keep the rewards you earn.

ProsCons
  • 0.67 miles/HK$1 spend or 4% cashback for online spending and mobile pay
  • Interest-Free Cash Installment Loan up to HK$80,000 (not available to online applicants)
  • No annual fee
  • Elevated rewards for mobile and online spend limited to first HK$1k spend per month in each category
  • Low 0.067 miles/HK$1 spend or 0.4% cashback for general spend
  • No dual currency functionality or travel perks
Promotions:
  • Receive HK$10 cashback on every HK$30+ mobile pay in 1st 2mo (max HK$300), OR:
  • Receive HK$500 cashback w/ HK$8k min. spend in 1st 2mo
  • Interest-free Cash installment of up to HK$80k (not applicable to online application)
  • Receive HK$100 cashback w/ online application
Card Overview
Pros:
  • 0.67 miles/HK$1 spend or 4% cashback for online spending and mobile pay
  • Interest-Free Cash Installment Loan up to HK$80,000 (not available to online applicants)
  • No annual fee
  • Promotions: Receive HK$10 cashback on every HK$30+ mobile pay in 1st 2mo (max HK$300), OR:
  • Receive HK$500 cashback w/ HK$8k min. spend in 1st 2mo
  • Interest-free Cash installment of up to HK$80k (not applicable to online application)
  • Receive HK$100 cashback w/ online application
Cons:
  • Elevated rewards for mobile and online spend limited to first HK$1k spend per month
  • in each category
  • Low 0.067 miles/HK$1 spend or 0.4% cashback for general spend
  • No dual currency functionality or travel perks

What Makes BOC i-card Stand Out

BOC i-card offers one of the highest rewards rates on the market when shoppers spend online and with mobile pay. The general rewards rate of 0.067 miles per HK$1 spend or 0.4% cashback is boosted 10 times in these select categories, for an excellent 0.67 miles per HK$1 spend or 4% cashback.

Cardholders enjoy these elevated rates on their first HK$1,000 of online spend and transactions through mobile pay, including Apple Pay, Google Pay, Samsung Pay, WeChat Pay and Alipay HK.

Consumers can earn Gift Points on their purchases at a rate of one point per HK$1 spend, or ten points per HKD when transacting online and via mobile pay. Gift Points can then be redeemed through the BoC Pay app. Consumers can convert Gift Points into cash and offset purchases at dozens of BOC-affiliated merchants, including restaurants, department stores, fast food chains, travel agencies and more.

You can also redeem points for eVouchers at ParkNShop, Gift Vouchers, or miles rewards including Asia Miles, Air China’s PhoenixMiles, or China Eastern Airline’s Eastern Miles.

BOC i-card isn’t suitable for all consumers, however. People looking for consistent miles rewards across their entire budget might be better off with a card like BEA Flyer World Mastercard, which offers 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies and government agencies, boosted to 0.200 miles everywhere else.

Furthermore, while BOC i-card’s 4% cashback or 0.67 miles per HK$1 online and mobile spend is high by market standards, wealthy consumers who spend HK$2,000 or more in these categories every month can earn greater rewards with lower, uncapped rates.

Cashback Rewards Earned for Online Spend with Different Credit Cards

Card and online rebateHKD 1k online spendHKD 2kHKD 3kHKD 4k
BOC i-card (4% on 1st 1k, then 0.4%)HKD40HKD44HKD48HKD52
HSBC Red Credit Card (2%)HKD20HKD40HKD60HKD80
SC Simply Cash Visa (1.5%)HKD15HKD30HKD45HKD60

While wealthier consumers may earn greater rebates with a flat cashback credit card, the BOC i-card remains a great choice for consumers seeking to optimise rewards with a limited budget. If you are looking for flexible rewards and tend to spend a significant portion of your budget online or with mobile pay, this BOC credit card may be a good choice for you.

How Does BOC i-card’s Rewards Programme Work?

  • Earn 1 Gift Point per HK$1 spend on general purchases
  • Earn 10 Gift Points per HK$1 spend on first HK$1k/month for online transactions and via mobile pay
  • Convert Gift Points into cash with the BoC Pay mobile app at a rate of 250 points for HK$1
  • Use redeemed cash to offset purchases at BoC Pay Merchants, receive ParkNShop eVouchers, earn a cash rebate or receive gift vouchers
  • Alternatively, convert Gift points into flights by redeeming Asia Miles, Eastern Miles or PhoenixMiles

BOC i-card's Features and Benefits:

Card Overview
  • Annual Fee: Free
  • Income Requirement: HKD 150,000
Rewards Rate Details
  • 0.67 miles per HK$1 online and mobile pay spend, OR:
  • 4% cashback on online and mobile pay spend
  • 0.067 miles per HK$1 spend or 0.4% cashback general spend
Benefits & Perks
  • Interest-free instalment plan available at select merchants
  • Perpetual annual fee waiver
Promotions:
  • Receive HK$10 cashback on every HK$30+ mobile pay in 1st 2mo (max HK$300), OR:
  • Receive HK$500 cashback w/ HK$8k min. spend in 1st 2mo
  • Interest-free Cash installment of up to HK$80k (not applicable to online application)
  • Receive HK$100 cashback w/ online application

BOC i-card’s Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

  • Annual fees
  • Handling fees
  • Cash advances
  • Balance transfers
  • Cash instalment plans
  • Gift Points cannot be exchanged for cash and are not transferrable
  • Accepted redemptions cannot be cancelled or changed
  • Redeemed Gifts cannot be changed or refunded
  • Redeemed Gift Points cannot be returned
  • Gift Points are not applicable to bill payments made to payees such as the “Inland Revenue Department”, “Banking and Credit Card Services”, “Securities Broker”, “Credit Services” and under the bill type of “Policy Loan Repayment”

How does BOC i-card Compare Against Other Cards?

Read our comparisons of BOC i-card with other air miles credit cards and discover which card best fits your budget and lifestyle.

BOC i-card v. DBS Black World Mastercard
  • Annual Fee: HKD 2,000
  • Stand-Out: 45% discount on flights when redeeming miles through iGO
DBS Black World Mastercard offers wealthier consumers competitive miles rates plus impressive discounts through its flight redemption platform. While this DBS card’s 0.250 miles per HK$1 overseas spend and 0.167 miles on local transactions are technically lower than the BOC i-card’s online and mobile pay miles rates, the BOC card’s top rates are capped after just HK$1,000 spend.


When cardholders redeem miles through DBS’s iGO platform, they can receive a 45% discount on the price of listed flights. Consumers can convert points to Asia Miles, KrisFlyer Miles, Avios and PhoenixMiles without paying a handling fee.

Consumers can earn impressive miles rewards and enjoy significant discounts with DBS Black World Mastercard, but its high HK$240,000 minimum income requirement and HK$2,000 annual fee make it less accessible than the BOC i-card.

BOC i-card v. Standard Chartered Asia Miles Mastercard
  • Annual Fee: HKD 2,000
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
Foodies looking for the best miles rates on the market for their dining spend should consider Standard Chartered Asia Miles Mastercard. Besides an impressive 0.167 miles per HK$1 local spend and 0.250 for overseas, online and general dining transactions, dining at select restaurants on Mondays can earn up to 1.250 miles.


Frequent flyers who prefer to earn miles rewards in Asia Miles and spend a significant portion of their budget on dining should consider Standard Chartered Asia Miles Mastercard. However, online spenders looking to easily avoid paying an annual fee may be better off with the BOC i-card.

BOC i-card v. DBS Black World Mastercard _ _
  • Annual Fee: HKD 2,000
  • Stand-Out: 45% discount on flights when redeeming miles through iGO
_ DBS Black World Mastercard offers wealthier consumers competitive miles rates plus impressive discounts through its flight redemption platform. While this DBS card’s 0.250 miles per HK$1 overseas spend and 0.167 miles on local transactions are technically lower than the BOC i-card’s online and mobile pay miles rates, the BOC card’s top rates are capped after just HK$1,000 spend.


When cardholders redeem miles through DBS’s iGO platform, they can receive a 45% discount on the price of listed flights. Consumers can convert points to Asia Miles, KrisFlyer Miles, Avios and PhoenixMiles without paying a handling fee.

Consumers can earn impressive miles rewards and enjoy significant discounts with DBS Black World Mastercard, but its high HK$240,000 minimum income requirement and HK$2,000 annual fee make it less accessible than the BOC i-card.

BOC i-card v. Standard Chartered Asia Miles Mastercard
  • Annual Fee: HKD 2,000
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
Foodies looking for the best miles rates on the market for their dining spend should consider Standard Chartered Asia Miles Mastercard. Besides an impressive 0.167 miles per HK$1 local spend and 0.250 for overseas, online and general dining transactions, dining at select restaurants on Mondays can earn up to 1.250 miles.


Frequent flyers who prefer to earn miles rewards in Asia Miles and spend a significant portion of their budget on dining should consider Standard Chartered Asia Miles Mastercard. However, online spenders looking to easily avoid paying an annual fee may be better off with the BOC i-card.

Kevin Schwartz

Kevin is a Junior Research Analyst at ValueChampion specialising in credit cards in Hong Kong. He previously worked for the U.S. Congress as a Legislative Fellow as well as in international education in Beijing. He holds a B.A. in International Studies and Chinese from the College of the Holy Cross and received multiple scholarships for Chinese language studies, including the State Department Critical Language Scholarship.