Why The BOC Sheng Siong Credit Card Is really a Must-Have Cashback Card For Food shopping At Sheng Siong

If you do grocery shopping at Sheng Siong regularly, we will assume that you are already using the BOC Sheng Siong Credit Card to pay for. However, within the off-chance that you're not, we will explain why applying and taking advantage of this card for all your future Sheng Siong transactions is really a no-brainer.

The BOC Sheng Siong Card is what's known as a co-branded charge card. This means that while it's issued by the Bank of China, it predominantly targets customers of its marketing partner Sheng Siong. Co-branded credit cards tend to offer attractive perks to customers who are paying while using cards. It makes sense a win-win-win.

Bank of China can reach out to a wider base of customers.

Sheng Siong can offer its customers attractive perks, while at the same time, enjoy fees from the partnership.

Existing and new Sheng Siong customers get additional benefits for spending money on their transactions at Sheng Siong by using this co-branded charge card.

With over 60 stores in Singapore, many of which operate 24-hour and are typically located within the heartlands for example neighbourhood shopping malls or HDB housing estates, Sheng Siong is one of Singapore's most widely used supermarkets. Sheng Siong can also be listed on the SGX mainboard since 2011 so that you can invest in the company as well.

If, like us, you often buy groceries from Sheng Siong regularly, then your card is a must-have due to the attractive cashback it offers a superior on your Sheng Siong spend.

6% cash rebate on Sheng Siong spend

You get a 6% cash rebate around the first dollar for transactions made at Sheng Siong as much as $45 per card each billing cycle (i.e. each month). This translates into an optimum spending of $750 each month at Sheng Siong. The best part is that there is no minimum spend required. So, even if you're an occasional shopper at Sheng Siong, will still be equally helpful for earning the cashback.

Additional 6% cash rebate on Sheng Siong Spend

This part is a little confusing so bear around once we try our best to explain it.

You could possibly get an additional 6% cash rebate in your Sheng Siong spend, up to and including cap of $30 per billing cycle, if you charge at least $600 of outdoor spend towards the card.

For example, should you spend $750 on Sheng Siong and the other $600 in spend beyond Sheng Siong during each billing cycle, you won't just get the initial 6% cash rebate in your Sheng Siong spend, but additionally one more 6% cash rebate on your Sheng Siong spend, up to and including cap of $30 per billing cycle.

0.3% cash rebate on other spend beyond Sheng Siong. 1.6% whether it's an overseas spend

You get 0.3% for those other spends outside of Sheng Siong.

0.3% is not great and there are other cards such as the Standard Chartered Unlimited that gives you 1.5% in cashback. However, the point for using the BOC Sheng Siong card for out of doors spending is not because of the 0.3% cashback, but to achieve the $600 in outside spend to enjoy the additional 6% cash rebate in your Sheng Siong spend.

From our example above, we are able to see that by spending $750 at Sheng Siong, we are able to benefit from the cash rebate of $45 (6%). However, if we spend an additional $600 outside of Sheng Siong, we also qualify for the additional 6% rebate on Sheng Siong spend (max of $30). We also obtain a nominal 0.3% rebate on our non-Sheng Siong spend.

This gives us an overall total cashback of $76.80, which means a cashback rate of 5.7%.

If you intend to spend more than $750 a month in Sheng Siong, get 2 BOC Sheng Siong Card

The BOC Sheng Siong card is a great cashback card for those who shop regularly at Sheng Siong.

At 6% cashback, this really is pretty much unbeatable. However, the utmost cashback cap of $45 is a limitation as it means any spending made at Sheng Siong above $750 isn't valuable.

Here's an easy hack. For bigger families who're likely to save money on their groceries, consider applying for two BOC Sheng Siong cards. By having two cards, it will permit you to enjoy the 6% cashback up to a maximum spend of $1,500 during each 30-day billing cycle. This translates into a cashback of $90 across both cards.

If you also want to accumulate $600 in non-Sheng Siong spend to obtain the additional rebate, charge the non-Sheng Siong transactions to simply among the cards only.

If you want to apply online for that BOC Sheng Siong card, you receive make an application for it here. Alternatively, you will get the approval as well from most Sheng Siong retail stores or print out the PDF form from their website. Terms & conditions for that BOC Sheng Siong card can be found here.