Bank of China (UK) Great Wall International Gold Credit Card review 2020
Bank of China customers can enjoy a well-below-average interest rate with this solid credit card.
You say: ★★★★★We say: ★★★★★
Doing its job: 4/5
In a nutshell:
Yearly account fee
Earn 10 points
per £1 spent
Up to 50 days
Interest-free each billing period
|Issuer||Bank of China (UK)|
|Annual/monthly fees||£40 per annum|
|Purchases interest-free period||Up to 50 days|
|Min credit limit||£250|
|Max credit limit||Subject to status: £10,000|
|Additional cards available||1|
|Incentive||Earn 10 points per £1 spent on card; points can be redeemed for selected gifts or card annual fee waiver.|
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.
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.
This card is offered on the Visa network, so it’s accepted at over 30 million locations worldwide.
Pros and cons
- Earn points on day-to-day spending
- £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?
When it comes to repayments, you can make manual repayments online or over the phone (020 7282 8763), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee 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 for the Bank of China (UK) Great Wall International Gold Credit Card Visa
If you’ve compared cards and want to apply, here’s what to do:
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.