*Base return will be revised to 1.5% p.a. for the first S$10,000 in your Singlife Account from 29 Jan 2021
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.
Spend:
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.
Earn:
Just as you watch your dough slowly rise, this is the time when you watch your return accumulating daily in the following month.
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
Enter your policy start date here
Your policy start date is:
What is Card Spend Period?“Card Spend Period” refers to the “First Card Spend Period”, “Subsequent Card Spend Periods” and “Final Card Spend Period” during the Promotion Period. Card Spend Period
|
What is Bonus Return Earning Period?“Bonus Return Earning Period” refers to the period that the customer earns the bonus return on their first S$10,000. This period occurs after the card spend period and willl last for one policy month. Bonus Return
Earning Period |
What is Bonus Return Crediting Date?“Bonus Return Crediting Date” refers to the same date on each month where the customer’s earned bonus return is credited to the customer’s Singlife Account after accumulating for one policy month. Bonus Return
Crediting Date |
---|
What is Card Spend Period?
“Card Spend Period” refers to the “First Card Spend Period”, “Subsequent Card Spend Periods” and “Final Card Spend Period” during the Promotion Period.
What is Bonus Return Earning Period?
“Bonus Return Earning Period” refers to the period that the customer earns the bonus return on their first S$10,000. This period occurs after the card spend period and willl last for one policy month.
What is Bonus Return Crediting Date?
“Bonus Return Crediting Date” refers to the same date on each month where the customer’s earned bonus return is credited to the customer’s Singlife Account after accumulating for one policy month.
*Terms & conditions apply, find out more.
Oh, wait
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.