Bank of Cyprus Classic
Cheapest local credit card · Builds Cyprus credit history · Antamivi rewards
Score Breakdown
Last updated: March 2026
Quick Facts
Full Fee Table
| annual Fee | €8.50 (Visa Classic) / €12.50 (Mastercard Classic) / ~€30 (Aegean Mastercard) |
| monthly Fee | €0 |
| fx Fee | ~1.5% |
| atm Fee | Fee applies — check current schedule |
| apr | ~17–19% on purchases |
| cash Advance Fee | ~3% or minimum fee |
| late Fee | Fee applies |
Bank of Cyprus offers the cheapest traditional credit card in Cyprus — from €8.50/year for the Visa Classic. It builds local credit history, is accepted everywhere, and comes with the Antamivi rewards scheme. The catch: you need an existing BOC bank account and proof of local income.
🎯 Best for: Building local credit history at lowest cost
Overview
The Bank of Cyprus Classic credit card is the most affordable way to get a traditional Cypriot credit card — €8.50/year for the Visa Classic is genuinely cheap by any standard. The problem is eligibility: you need an existing BOC account and proof of local income, which rules out most new arrivals.
Fees & Costs
At €8.50–€12.50/year, the annual fee is the lowest among local Cypriot bank credit cards. The 1.5% FX fee is standard for local banks — expensive compared to Bunq or Revolut for international spending. The 17–19% APR is high but standard for Cyprus; always pay the full balance monthly.
Card Acceptance
Fully accepted everywhere — car rentals, hotels, online shopping, international use. This is a real Visa/Mastercard credit card with no restrictions.
Perks & Rewards
The Antamivi points scheme allows you to earn points on spending, redeemable for various rewards. The Aegean Mastercard variant earns Aegean miles and includes a €40 flight discount — worth considering for frequent Aegean Airlines users.
Our Verdict
The right card for established Cyprus residents who want the cheapest possible local credit card and want to build a local credit history. Not suitable for newcomers who haven't yet established local income.
✅ Pros
- ✓Cheapest local credit card — from €8.50/year
- ✓Builds local Cyprus credit history
- ✓Accepted everywhere including car rentals and hotels
- ✓Antamivi points rewards scheme
- ✓Up to 50 days interest-free if paid in full
- ✓Apple Pay and Google Pay supported
- ✓Aegean Mastercard option for frequent flyers
❌ Cons
- ✗Requires existing Bank of Cyprus bank account
- ✗Requires proof of local income — hard for new arrivals
- ✗~1.5% foreign transaction fee
- ✗17–19% APR if balance not paid in full
- ✗Application takes 2–4 weeks
- ✗Branch visit required
Who Can Apply
- →Existing Bank of Cyprus current account
- →Cyprus proof of address
- →Proof of local income (payslips or employment contract)
- →Valid passport or ID
- →Minimum income threshold (varies)
How to Apply
- 1 Open a Bank of Cyprus current account (if you don't have one)
- 2 Visit your local BOC branch
- 3 Request a credit card application form
- 4 Submit proof of income and address
- 5 Wait 2–4 weeks for credit assessment and approval
- 6 Card delivered by post to your Cyprus address
Learn More About Bank of Cyprus Classic
Visit the official website for current terms and to apply.