Bank of China Great Wall International Gold Card review 2021

Bank of China (UK) Great Wall International Gold Credit Card review 2021

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Bank of China customers can enjoy a well-below-average interest rate with this solid credit card.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 12.7% (variable) p.a. with a fee of £40 per annum, your representative rate is 20.1% APR (variable).

20.1%

Representative APR

£40

Yearly account fee

Earn 10 points

per £1 spent

Up to 50 days

Interest-free each billing period

Details

IssuerBank of China (UK)
NetworkVisa
Annual/monthly fees£40 per annum
Purchases12.7%
Purchases interest-free periodUp to 50 days
Cash advances12.7%
Min credit limit£250
Max credit limitSubject to status: £10,000
Additional cards available1
IncentiveEarn 10 points per £1 spent on card; points can be redeemed for selected gifts or card annual fee waiver.

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

With up to 50 days of 0% interest on your purchases each billing cycle if you clear your debt in full every month, this card is a comparatively cheap and flexible way to borrow money. The higher annual fee is compensated by a lower interest rate than the one offered by its twin, Bank of China’s classic credit card option.

Technically, you also earn rewards while you’re spending. With such a limited choice of gifts and the number of points they’ll cost you, it probably isn’t the case to get overexcited about it, but if you spend enough, you may still be able to use the points to waive the annual fee completely, thus getting the card for free.

The Bank of China (UK) Great Wall International Gold Credit Card is issued on the Visa network (used by a whopping 3.3 billion cards), so you'll be able to use it at more than 46 million merchants across more than 200 countries and territories.

Pros and cons

Pros

  • Earn points on day-to-day spending

Cons

  • £40 annual account fee
  • Applicants with low credit scores are unlikely to be eligible
  • Each additional card incurs a fee (£20)
  • Only available to existing customers

How does this card compare with other similar cards on the market?

Table: sorted by representative APR, promoted deals first
Data updated daily
Name Product Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
M&S Bank Transfer Plus Mastercard
0% for 3 months reverting to 19.9%
£0
19.9% (variable)
Check eligibility
More Info
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
M&S Bank Reward Plus Mastercard
0% for 6 months reverting to 19.9%
£0
19.9% (variable)
Check eligibility
More Info
Double points on spend in M&S for first 12 months (2 points per £1). Then earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
M&S Bank Shopping Plus Credit Card
0% for 18 months reverting to 19.9%
£0
19.9% (variable)
Check eligibility
More Info
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
American Express Platinum Cashback Everyday Card
22.2%
£0
22.2% (variable)
Check eligibility
More Info
New Cardmember offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
American Express Rewards Credit Card
22.2%
£0
22.2% (variable)
Check eligibility
More Info
As a new Cardmember, earn 5,000 Membership Rewards® points when you spend £2,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
British Airways American Express Card
22.2%
£0
22.2% (variable)
Check eligibility
More Info
New Cardmember offer: Earn 5,000 bonus Avios when you spend £1,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a., your representative rate is 22.2% APR (variable).
Santander All in One Credit Card
0% for 20 months reverting to 17.9%
£3 per month
23.7% (variable)
Check eligibility
More Info
0.5% cashback after £1 of monthly spend. Cashback paid monthly into card account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a. with a fee of £3 per month, your representative rate is 23.7% APR (variable).
The American Express Nectar Credit Card
22.2%
Year 1 - £0, Year 2 onwards - £25 per annum
27.3% (variable)
Check eligibility
More Info
As a new Cardmember, earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months of Cardmembership.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 27.3% APR (variable).
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Compare up to 4 providers

Data updated daily
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Link
TSB Advance Credit Card Mastercard
0% for 3 months reverting to 7.95%
0% for 3 months
(0% fee)
£0
7.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 7.95% (variable) p.a., your representative rate is 7.9% APR (variable).
More Info
The Co-operative Bank 3 Year Fixed Rate Credit Card
8.9%
8.9%
(0% fee)
£0
8.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 8.9% (variable) p.a., your representative rate is 8.9% APR (variable).
More Info
MBNA Long Term Low Interest Credit Card
4.9% for 48 months reverting to 8.9%
4.9% for 48 months
(0.5% fee)
£0
8.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 8.9% (variable) p.a., your representative rate is 8.9% APR (variable).
More Info
Ulster Bank Credit Card Mastercard
9.9%
6.9%
(0% fee)
£0
9.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
More Info
The Royal Bank Credit Card
9.9%
6.9%
(0% fee)
£0
9.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
More Info
The NatWest Credit Card
9.9%
6.9%
(0% fee)
£0
9.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
More Info
Tesco Bank Low APR Card
9.942%
10.362%
(4% fee)
£0
9.9% (variable)
1 point per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco, must have available credit to earn points. Card can also be used as a Clubcard to collect standard points at 1 point per £1 spent on shopping and 1 point per £2 spent on fuel. Points are converted to Tesco vouchers which can be used towards shopping or exchanged for Partner Rewards.
Representative example: When you spend £1,200 at a purchase rate of 9.942% (variable) p.a., your representative rate is 9.9% APR (variable).
More Info
Lloyds Bank Platinum Low Rate Credit Card
9.94%
9.94%
(5% fee)
£0
9.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.94% (variable) p.a., your representative rate is 9.9% APR (variable).
More Info
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Compare up to 4 providers

Repayment options

You can make manual repayments through Bank of China (UK)'s app, by logging in to your online banking or over the phone (020 7282 8763). Alternatively you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply

If you've compared cards and want to apply, here's what to do:

  • Check the eligibility criteria. You can only apply if you're 18 or more and already have a current account with Bank of China, with no history of missing payments or bad debt.
  • Download and fill in the application form. It's available on Bank of China's website. You'll have to provide your personal information and details of your employment.
  • Visit a branch. Bring the application form, your ID, a bank statement of the last three months and proof of your current employment.

Bank of China has five branches in the UK: two in London and one in Manchester, Birmingham and Glasgow. Unfortunately, you cannot apply for this card online.

Frequently asked questions

What credit limit will I get with the Bank of China (UK) Great Wall International Gold Credit Card?

If Bank of China (UK) is able to offer you this deal, the offer will specify a personalised credit limit based on Bank of China (UK)'s assessment of your situation. The minimum limit offered on the card is £250, while the maximum is £10,000. Once you've had the card for a while and shown Bank of China (UK) that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Bank of China (UK) Great Wall International Gold Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Bank of China (UK) Great Wall International Gold Credit Card is 2%.

The interest rate on this part of your balance will be 12.7% (chargeable from the day of the transaction – the card's usual "up to 50 days interest-free" grace period won't apply).

How much does it cost to use the Bank of China (UK) Great Wall International Gold Credit Card abroad?

Non-sterling transactions are subject to a 2% charge. For example, if you spend 200 euros (£172.52), it'll cost you around £3.45.

What is the minimum payment on the Bank of China (UK) Great Wall International Gold Credit Card?

Each month you must pay at least 5% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £90.00 outstanding, you'd pay £5.00, and if you had £400.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Can I request an additional Bank of China (UK) Great Wall International Gold Credit Card?

Yes, you can request one more. Each card comes with an additional fee of £20. Plus, with additional cards, you could earn points at a faster rate. Bear in mind that card debt accrued by additional cardholders is the sole responsibility of the account holder – not the additional cardholder.

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Our experts score rewards credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any caps or restrictions on the points you can earn, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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