In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements
  • Your reviews

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

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Bank of China (UK) Great Wall International Gold Credit Card Visa
3.0
★★★★★
Finder score
Representative example:
When you spend £1,200 at a purchase rate of 12.7% (variable) p.a. your representative rate is 13.50% APR (variable).
Account fee
£0
Interest-free each billing period
Up to 50 days
Minimum credit limit
£250

Our verdict

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

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. Bank of China has recently removed its reward programme and scrapped annual fees.

Pros

  • A low ongoing interest rate (variable)
  • No annual fee

Cons

  • Applicants with low credit scores are unlikely to be eligible
  • Each additional card incurs a fee (£20)
  • Only available to existing customers
  • You may be offered an opening credit limit as low as £250

In this guide

  • Our verdict
  • Details
    • Product overview
    • Fees and charges
    • Application requirements
  • Your reviews

Details

Product overview

Issuer Bank of China (UK)
Network Visa
Representative APR 13.5% APR (variable)
Annual/monthly fees £0
Purchases 12.7%
Purchases interest-free period (days) 50
Potential costs 2.5 ★★★★★
Doing its job 3.0 ★★★★★
Extras 3.5 ★★★★★
Overall Finder Score 3.0 ★★★★★

Fees and charges

Minimum monthly payment 5% or £5 (whichever is greater) or the total of any interest, default fees and charges plus 5% of the outstanding balance.
Annual/monthly fees £0
Foreign usage charge (EU) 2%
Foreign usage charge (rest of world) 2%
Cash advance fee 2% (min. £0)
Late payment fee £12
Duplicate statement fee £3
Exceeding limit fee £0
Additional card fee £20
Dormancy fee £0

Application requirements

Minimum Age 18
Availability Available to existing customers

The Bank of China (UK) Great Wall International Gold Credit Card is issued on the Visa network (used by a whopping 4.2 billion cards), so you'll be able to use it at more than 100 million merchant locations across more than 200 countries and territories.

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

Table: sorted by representative APR, promoted deals first
1 - 8 of 50
Name Product Purchases Annual/monthly fees Representative APR Link Incentive Representative example
M&S Bank Credit Card Purchase Plus Offer Mastercard
0% for 20 months reverting to 24.9%
£0
24.9% APR (variable)
Check eligibility
1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
M&S Bank Credit Card Transfer Plus Offer Mastercard
0% for 3 months reverting to 24.9%
£0
24.9% APR (variable)
Check eligibility
1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Santander All in One Credit Card
0% for 15 months reverting to 23.9%
£3 per month
29.8% APR (variable)
Check eligibility
0.5% after £1 of monthly spend. Maximum of £10 cashback paid per month. 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 23.9% (variable) p.a. with a fee of £3 per month, your representative rate is 29.8% APR (variable).
American Express® Rewards Credit Card
31%
£0
31% APR (variable)
Check eligibility
Earn 1 Membership Rewards® point for every £1 spent thereafter. Earn up to 90,000 bonus points per year through refer a friend, 4,000 points awarded for every friend approved. 1 point = 0.45p (min 1,000 points) to shop, other rewards have differing conversions.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
British Airways American Express® Credit Card
31%
£0
31% APR (variable)
Check eligibility
Earn 5,000 points when you spend £1,000 within 3 months of account opening. Terms apply. UK 18+, subject to status. Earn 1 Avios for virtually every £1 spent.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
Amex® Cashback Everyday Credit Card
31%
£0
31% APR (variable)
Check eligibility
Welcome offer: Get 5% cashback on your purchases (up to £100) for the first 3 months of Cardmembership. Terms and minimum spend apply. 18+, subject to status.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a., your representative rate is 31% APR (variable).
Amex® Cashback Credit Card
31%
Year 1 - £0, Year 2 onwards - £25 per annum
36.7% APR (variable)
Check eligibility
Limited time offer: Get 5%* cashback (up to £125) for the first 3 months of Cardmembership and the first year free* for new Cardmembers. Offer ends 2 July 2024. Terms apply.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 36.7% APR (variable).
Nectar Credit Card
Finder Award
Nectar Credit Card
31%
Year 1 - £0, Year 2 onwards - £30 per annum
37.8% APR (variable)
Check eligibility
New welcome offer: Earn 20,000 bonus Nectar points when you spend £2,000 in your first 3 months. Earn a minimum of 3 Nectar points for virtually every £1 spent at Nectar partners, and 2 Nectar points for virtually every £1 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 31% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 37.8% APR (variable).
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1 - 8 of 10
Name Product Finder Score Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
The Co-operative Bank 3 Year Fixed Rate Credit Card
3.5
★★★★★
8.9%
8.9%
(0% fee)
£0
8.9% APR (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).
Tesco Bank Low APR Clubcard Credit Card
5.0
★★★★★
10.941%
11.457%
(3.99% fee)
£0
10.9% APR (variable)
5 points per £4 spent (£4 minimum) in Tesco and 1 point per £8 spent (£8 minimum) outside Tesco. Must have available credit to earn points. Points are converted to Tesco vouchers or can be exchanged for Partner rewards to receive money off a variety of restaurants, entertainment or Avios points.
Representative example: When you spend £1,200 at a purchase rate of 10.941% (variable) p.a., your representative rate is 10.9% APR (variable).
Lloyds Bank Platinum Low Rate Credit Card
3.5
★★★★★
10.94%
10.94%
(5% (0% fee if transfer is completed within the first 90 days) fee)
£0
10.9% APR (variable)
Everyday Offers - Earn up to 15% cashback from selected retailers when shopping with a Lloyds Bank credit card.
Representative example: When you spend £1,200 at a purchase rate of 10.94% (variable) p.a., your representative rate is 10.9% APR (variable).
Halifax Credit Card Mastercard
4.0
★★★★★
10.94%
10.9%
(5% (0% fee if transfer is done within the first 90 days) fee)
£0
10.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 10.94% (variable) p.a., your representative rate is 10.9% APR (variable).
Bank of Scotland Platinum Low Rate Credit Card
3.5
★★★★★
10.94%
10.94%
(5% (0% fee if transfer is completed within the first 90 days fee)
£0
10.9% APR (variable)
0.25% after £1 of yearly spend for introductory period of 36 months. Cashback paid On request into Card Account.
Representative example: When you spend £1,200 at a purchase rate of 10.94% (variable) p.a., your representative rate is 10.9% APR (variable).
TSB Advance Credit Card Mastercard
2.5
★★★★★
0% for 3 months reverting to 12.95%
0% for 3 months
(0% fee)
£0
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
The Ulster Bank Credit Card Mastercard
4.7
★★★★★
12.9%
12.9%
(0% fee)
£0
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
The Royal Bank Credit Card
4.7
★★★★★
12.9%
12.9%
(0% fee)
£0
12.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 12.9% (variable) p.a., your representative rate is 12.9% APR (variable).
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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) offers you this deal, it 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) 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" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) 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 (£169.19), it'll cost you around £3.38 in fees.

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 2 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.

Finder credit card scores

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score low rate credit cards to determine their value against similar products on the market. We look at a number of important factors, like exactly how low the low rate is, any perks/benefits, 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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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