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Find out which one gives the most exciting promotions for Apple Pay users
“Did you say cashback?”
Yesterday, Apple announced its partnership with DBS/POSB, OCBC, Standard Chartered, and UOB in Singapore enabling Apple Pay for Visa and MasterCard credit and debit card holders. It got many of us excited at the e27 office and lunch today was pretty much about “first-time user” stories bordering on the magical with high hopes for the future.
My firsthand account: I enjoyed roughly 30 seconds of fame while making my first Apple Pay purchase at the supermarket. The queue behind me had curious looks as I placed my Apple Watch next to the reader and I would like to believe it was akin to watching someone use a Star Trek transporter for the first time.
Anyway, the raving and fanaticism was later followed by a Slack war on which Singapore banks gave the best promotions when using Apple Pay.
We thought it’d be a waste not to share the information, so here’s what we found:
| Bank | Promotion | The fine print at a glance |
| DBS/POSB | 20% cashback | 20% cashback is given for a single or accumulated spend of up to S$50. Cashback is capped at S$10 per customer, for the first 50,000 eligible customers. Valid till 24 Aug 2016. Credited within 60 days following the end of the Promotion Period. Full T&C. |
| OCBC | 3% rebate | Only transactions below S$100 accepted. Rebate Promotion will be capped at S$15 per customer between 25 May 2016 until 25 June 2016. Credited and reflected in the billing statement for the following month. Full T&C. |
| Standard Chartered | 20% cashback | 20% CashBack on your Apple Pay spend amounts, subject to a cap of S$50 per cardholder. The promotion is valid from 25 May to 25 June 2016 (both dates inclusive). Limited to the first 10,000 cardholders who make at least one eligible transaction through Apple Pay. Eligible cardholders who have qualified to receive the CashBack will be notified either by mail or SMS by no later than 31 July 2016. Full T&C. |
| UOB | S$10 cash rebate | First 10,000 customers paying with a UOB Visa Credit or Debit Card during promotion period 25 May 2016, 12:00 am until 25 May 2016, 11:59 pm (Singapore date/time). Eligible Customers will receive an SMS notification at their registered mobile number with UOB on or before 12 June 2016. The Prize will only be credited on or before 31 August 2016. Full T&C. |
So how’d your bank fare? In the meantime, you can start redeeming those rebates and cashbacks at merchants bearing the payWave or Apple Pay logos. Here’s a ‘featured’ list from Apple:
Source: http://ift.tt/1Vz3p7o
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Disclaimer: Information is collected from the respective banks’ websites and correct at time of publish. e27 is not responsible for any changes to these T&Cs. We recommend you consult the full T&Cs for further details.
Image Credit: Dariusz Sankowski on Unsplash
The post Sssst. Apple Pay users, here’s your cheat sheet for available rebates in Singapore appeared first on e27.
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