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How are my rewards on the Chocolate Finance Card calculated?

V
Written by Vinit Nair
Updated over a week ago

You will earn 1 Max Mile per SGD spent on your first S$1,000 spent each calendar month, and 0.4 Max Miles per SGD thereafter on relevant MCCs.

(Note: Bill payments earn miles too, but are capped at 100 miles per month)

Max Miles earned on valid transactions will be calculated on a transaction basis and rounded up to the nearest 1 decimal point. Transactions below $0.50 will not earn Max Miles on the Chocolate card.

Example: If you make a payment of S$8.44 with a merchant with a non-blacklisted MCC, you would earn 8.5 Max Miles (rounded up from 8.44).

The S$1,000 bonus spend cap applies at a account level, so linking a different or multiple Chocolate Finance cards to your current HeyMax account will not reset the bonus spend cap.

Each month, you will also receive a Miles Multiplier of up to 2x based on your average monthly balance in your Chocolate Finance account! The more you save, the more every dollar you spend rewards you:

Balance range

Miles Multiplier Boost

S$0.00 to S$4999.99

No bonus (1x)

S$5,000.00 to S$10,999.99

5%

S$10,000.00 to S$14,999.99

10%

S$15,000.00 to S$19,999.99

15%

S$20,000.00 to S$24,999.99

20%

S$25,000.00 – S$29,999.99

25%

….

….

S$95,000.00 – S$99,999.999

95%

>S$100,000.00

100%

The Miles Multiplier will be credited to your HeyMax account within the first week of the following calendar month.

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