Earn additional 0.5% p.a.

on top of your 1.5% p.a. base return* as you spend on the Singlife Card from 1 Nov 2020 till 30 June 2021

*Base return will be revised to 1.5% p.a. for the first S$10,000 in your Singlife Account from 29 Jan 2021


Save with
Singlife Account

at least S$500

Earn additional 0.5% p.a. on your first S$10,000 on top of your base return

Why the Save, Spend, Earn Campaign?

We wanted to live in a world which allows us to do all we need and more with our money. And so we built one app with an ecosystem to help you save, spend, earn and be insured.

Our Save, Spend, Earn Campaign helps us bring this to you. Earn more, save more and be insured as you spend on your Singlife Card.

*The Singlife Account is an insurance savings plan. It is neither a bank savings account nor fixed deposit. Each person is only entitled to one Singlife Account policy.

How does the Save, Spend, Earn
Campaign work?

Imagine the process of making a perfect loaf of sourdough.

First, you need to knead your dough.


Just as you spend the energy kneading the dough before you can enjoy your loaf, you would need to spend S$500 over a specified card spend period to qualify for the bonus return.

Next, you need to leave your dough to proof and rise.


Just as you watch your dough slowly rise, this is the time when you watch your return accumulating daily in the following month.

Finally, it is only after the first two steps are done that you can bake and enjoy your sourdough!

Save More:

Just as you can finally enjoy your baked bread, you can finally see your accumulated bonus return credited into your Singlife Account.

Just as there are 3 phases to making bread

There are 3 periods to this campaign

1. The Card Spend Period

This is your spending period.

As this campaign starts from 1 Nov 2020, this means your first card spend period begins from 1 Nov 2020 to the last day of your current policy month.

Your subsequent card spend periods last between the first day to the last day of the same policy month (see illustration below). Your final card spend period ends when the campaign ends on 30 June 2021.

Within each card spend period, you need to spend at least S$500 on your Singlife Visa Debit Card in order to qualify for the bonus return.

2. The Earning Period

Your bonus return earning period begins on the first day of your following policy month, right after your spending period and lasts till the last day of that policy month.

During this period, if you qualify, you will earn 0.5% p.a. bonus return for the first S$10,000 in your Singlife Account on top of your base return of 1.5% p.a.

3. The Crediting Date

After accumulating your bonus return over one policy month during the previous earning period, your bonus return will be credited into your Singlife Account. The day this happens is called your “crediting date.” This is when you enjoy your sourdough.

Just keep spending at least S$500 per Card Spend Period from 1 November 2020 till 30 June 2021, and keep enjoying up to 2.0% p.a. return month on month.

2.0% p.a. is derived from 1.5% p.a. base return + 0.5% p.a. bonus return, and applies to the first S$10,000 in your Singlife Account.

Let’s see how the 3 periods work with your policy start date

Enter your policy start date here

Your policy start date is:

*Campaign begins on 1st November 2020
and ends on the 30 Jun 2021

*Terms & conditions apply, find out more.

VIEW Terms and conditions

Oh, wait

Not sure how to get started? Let us show you the way!

Start to
Save, Spend and Earn now!


Explore more

Commonly Asked Questions

  1. You must have an in-forced Singlife Account policy
  2. You must have ordered and activated your Singlife Visa Debit Card
  3. You must spend the minimum of S$500 within a card spend period to qualify for the 0.5% p.a. bonus return on your first S$10,000 in the next policy month.
  4. You can spend the minimum of S$500 in any or all of the individual card spend periods to qualify for the 0.5% bonus return in the next policy month as each card spend period is independent of each other. Spend the minimum of S$500 in all of the card spend periods throughout the Promotion to maximize your bonus return earnings.

First, head onto the Home screen of the Singlife app, and tap on the menu bar on the top left-hand corner. Tap on the “Order Card” option and confirm the address that your card is being sent to. After being directed to the next page, tap on “Proceed”. Your card should arrive in 9-12 business days at your selected address.

You may find the step by step illustration here: https://faq.singlife.com/articles/Knowledge/how-do-I-order-my-card.

*Remember to activate your card upon receiving it!
There will be expected minor delays in card delivery during this Safe Reopening period. We seek your understanding as we work to ensure your card is successfully delivered.

Firstly, the Singlife card is a Visa Debit Card, not a credit card.

Secondly, the amount you receive from cashback is tied to your spending amount. Say a user spends S$500, and they are entitled to 0.5% cashback, that will be 0.5% x S$500 = S$2.50 cash back.

By contrast, although the qualification of the bonus return is tied to a minimum spend within a specific card spend period, the amount received from bonus return of 0.5% p.a. is tied to your Singlife Account value. Say a user spends S$500 and qualifies for the bonus returns, he will get 0.5% p.a. return on his Singlife Account value, so it’s actually (0.5% p.a. x S$10,000) which amounts to more than S$4 a month on the same S$500 spend.

Crediting of earned returns will happen on the following day (e.g. policy start date was 31st August 2020, so crediting date in September will fall on 1st October).

No, the minimum qualifying spend of S$500 has to be achieved within a specific card spend period in order to earn the bonus return for a period of one month. The spending in one card spend period has no bearing on any other card spend period.

Yes, card spend periods are independent of one another, you can choose to fulfill the spend criteria of minimum S$500 in any card spend period and you will then earn the bonus return for a period of one month after that card spend period.

Important Notes
  • The information on this page is meant for your general knowledge and does not regard any specific investment objectives, financial situations or particular needs any person might have. Nothing on this page constitutes the provision of financial advice.
  • Before making a commitment to purchase this product, you should consider whether the product is suitable for you by referring to the product summary, terms and conditions and FAQs. Alternatively, you may wish to seek advice from a financial adviser before making a commitment to purchase this product.
  • We hereby disclose to you that:
    (a) Your relevant money as defined under Payment Services Act (“PSA”) from Singlife Account will be held by us on behalf of you in a trust account opened with a safeguarding institution;
    (b) Your relevant money from Singlife Account will be deposited in a trust account together with, and commingled with, the relevant money received by us from our other Singlife Account customers;
    (c) There is no foreseeable risks of such commingling and you are able to withdraw your account value anytime via FAST;
    (d) The relevant money in the trust account with the safeguarding institution is insured by SDIC. Pursuant to section 23(7)(b) of the PSA, the customers’ relevant money deposited in a trust account are not liable to be taken in execution under an order or any court process, such as in insolvency proceedings. In the event of the insolvency of the safeguarding institution, the Monetary Authority of Singapore may make regulation under section 103 of the PSA on the manner in which the customers’ relevant money must be treated and dealt with; and
    (e) The safeguarding institution is not liable to compensate you for your claims against Singlife.
  • This policy is protected under the Policy Owners’ Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme, as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association or Singapore Deposit Insurance Corporation Limited (SDIC).
  • Information is correct as at 1 Mar 2021.
  • This advertisement has not been reviewed by the Monetary Authority of Singapore.