"Offset Spending with Gift Points" service allows you to redeem your Gift Points to offset merchant transactions settled by BoC Pay QR payment in Hong Kong Dollars (not applicable to FPS transactions). To enjoy "Offset Spending with Gift Points", you must first bind your BoC Pay with your BOC Dual Currency Card or Smart / Payment Account. You can choose the "Offset Spending with Gift Points" option while making a BoC Pay transaction. Every 250 Gift Points can be used to offset HKD1 of your transaction amount. If you have held your credit card for 11 years or above, you are eligible for the Year of Cardholding offer, which every 200 Gift Points can be used to offset HKD1 of the transaction amount.