All things too good to be true must come to an end, and so it did. Bank of China has finally clamped down on their “charity program” that dishes out 5% rebate on all online transactions, including payments to government services. Here is the official announcement.
I will no longer enjoy a 5% rebate for my HDB season parking payment, but the terms and conditions did not specifically mention about payments to Telcos (according to my credit card bill it seems the payment made to Telcos still count towards the 5% rebate), though there is the overarching clause that the benefits can be revoked at any time at their sole discretion.
Also, it is mentioned that the 5% rebate promotion applies from April to June 2016, which means it may be terminated completely after June. Moreover, the 5% rebate is now capped at S$30 (was S$50).
Well, i’ve enjoyed the very generous rebates for more than a year, and i must say Thank you, Bank of China!