We all want a simpler way to live life while our money manages itself, so we built one app that helps you save, spend, invest, earn, be insured, and rewarded!
And how you may ask?
With our Save, Spend, Earn Campaign, you can earn more, save more while being insured, as you spend on your Singlife Card. All with the Singlife Account.
*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.
Just as there are 3 stages on a carnival ride
This is your spending period.
As this campaign starts from 1 Jul 2021, this means your first card spend period begins from 1 Jul 2021 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 31 Dec 2021. If you’re already an existing cardholder and/or participating prior to 1 Jul 2021, this is merely an extension of the campaign. Your existing cycles of card spend and bonus return earning periods remain.
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.
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 1.0% p.a.
After accumulating your bonus return, it will be credited into your Singlife Account on your next crediting date.
Just keep spending at least S$500 per Card Spend Period till 31 Dec 2021, and keep enjoying up to 1.5% p.a. return.
1.5% p.a. is derived from 1.0% p.a. base return + 0.5% p.a. bonus return from the Save, Spend, Earn campaign and applies to the first S$10,000 in your Singlife Account.
If you’d like to earn up to 2% p.a. on your first S$10,000 in the Singlife Account (additional 0.5% p.a. bonus return), check out the Grow Bonus Return Campaign here.
Enter your policy start date here
Your policy start date is:
If you’re already an existing cardholder and/or participating prior to 1 Jul 2021, this is merely an extension of the campaign. Your existing cycles of card spend and bonus return earning periods remain.
*Terms & conditions apply, find out more.
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 return, 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 return 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.