Everyone knows cooking at residence as a substitute of consuming out is one of the simplest ways to save cash and stave off diabetes on the similar time.
However for actually hardcore savers, grocery purchasing at Chilly Storage or NTUC FairPrice doesn’t lower it. Nope, Sheng Siong is the place to be.
If you’re an everyday with the grocery store, it’s best to positively get the Financial institution of China (BOC) Sheng Siong bank card, as a result of it enables you to save much more with a whopping 7% to 12% money rebate at what’s already Singapore’s most cost-effective grocery store chain.
BOC Sheng Siong Card phrases & situations
| BOC Sheng Siong Credit score Card | |
| Annual payment & waiver | $30 p.a. |
| Supplementary annual payment | $15 p.a. |
| Curiosity free interval | 23 days |
| Annual rate of interest | 28.88% |
| Late cost payment | 5% per 30 days of the minimal cost sum, topic to a minimal of $100 per 30 days |
| Minimal month-to-month compensation | 3% or $50, whichever is greater |
| International forex transaction payment | 1.5% of transaction quantity |
| Money advance transaction payment | $20 or 6% of quantity withdrawn |
| Overlimit payment | – |
| Minimal earnings | $30,000 |
| Card affiliation | Financial institution of China |
| Wi-fi cost | N/A |
Overview of BOC Sheng Siong Card advantages
The BOC Sheng Siong Card is the perfect card in case you are an everyday at Sheng Siong Grocery store. You may get pleasure from 7% money again on Sheng Siong spending with no minimal spending, capped at $70 a month.
In the event you meet the minimal spending requirement of $400 a month outdoors of Sheng Siong, you additionally get a further 5% money again, capped at $20 a month.
Plus, these advantages come comparatively cheaply, because the annual payment of the BOC Sheng Siong Card prices solely $30 per 12 months and also you get pleasure from first-year annual payment waiver.
Different advantages of the BOC Sheng Siong Card
- 5% rebate on Seize, Uber and taxi rides with $400 retail spending a month (capped at $20 per 30 days)
- 1% money rebate on abroad spending, with no minimal spending requirement and no cap on money rebates earned
- Base cashback fee of 0.3% on all different purchases
Is the BOC Sheng Siong Card annual payment value it?
Irrespective of how a lot or how little you spend on the cardboard, you’re assured not less than 7% money rebates everytime you store at Sheng Siong. That is very enticing in comparison with many of the playing cards which supply money again for groceries.
So as to qualify for the utmost of 12% rebates at Sheng Siong, the minimal spending requirement is $400 spent outdoors of Sheng Siong.
That is the place issues can get problematic for some, as apart from purchasing at Sheng Siong you’re solely rewarded for Seize/Uber/taxis and abroad spending.
One other downside is that if you store at different supermarkets you’ll qualify just for the base cashback fee of 0.3% when you use this card.
Nonetheless, for Sheng Siong buyers, even the minimal 7% cashback of the BOC Sheng Siong Card is enticing sufficient to justify signing up for this card. The low annual payment of $30 makes it all of the extra value it.
Who ought to use the BOC Sheng Siong Card?
Finally, your resolution will hinge on whether or not you primarily store at Sheng Siong, or additionally depend on different supermarkets. Whereas the 7% to 12% cashback may be very enticing, it’s solely legitimate at Sheng Siong.
So perhaps you don’t need to have to purchase each rattling factor at Sheng Siong, or simply need to see if you may get a fair higher cashback fee with one other card.
Right here’s how different playing cards stack up in opposition to the BOC Sheng Siong Card.
Citi Money Again Card – A really beneficiant 8% on groceries, eating, seize rides and petrol when you can spend not less than $888 a month. There’s a cap of $25 cashback in every of those 4 classes every month. This can be a good different when you usually store at supermarkets apart from Sheng Siong or get groceries delivered.
Citibank SMRT Card – The utmost cashback you may get on groceries is 5%. You get a base cashback of two.7% + a further 2% in case your invoice is over $50 + 0.3% when you spend not less than $300 a month on the cardboard. The grocery supply is legitimate not only for Sheng Siong but in addition FairPrice and Big.
Maybank Household & Buddies Card – Get 8% money rebates on groceries, bus/prepare/taxi rides, petrol and a choice of different retailers if you spend $1,000 in a month. In the event you solely spend $500 in a month, you get 5% rebates on the entire above.
POSB On a regular basis Card – This card will get you 5% cashback if you store at Sheng Siong. Rebates capped at $50 a month. This pales compared to what the BOC Sheng Siong Card is providing.
Finally, your resolution will hinge on whether or not you primarily store at Sheng Siong, or additionally depend on different supermarkets. Whereas the 7% to 12% cashback may be very enticing, it is just legitimate at Sheng Siong.
Do you personal the BOC Sheng Siong Card? Inform us why or why not within the feedback!
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