Chocolate Finance has recently stirred up the local scene by teaming up with rewards platform Heymax to launch the Chocolate Visa Card—a debit card that promises to make every dollar spent a little sweeter.
Starting from 11 February 2025, cardholders can earn a delectable 2 Max Miles per S$1 on virtually every purchase (up to a monthly S$1,000 cap), with a fallback rate of 0.4 Max Miles per S$1 beyond that limit. Coupled with zero foreign exchange fees and a user-friendly digital banking experience, this card is set to transform the way Singaporeans earn rewards on everyday spending—from paying bills to buying your morning cuppa! In the sections below, we’ll unwrap its benefits, compare it with traditional cards, and reveal why it’s the must-have financial treat of the year.
What is the Chocolate Visa Card?
The Chocolate Visa Card is not your run-of-the-mill debit card. Developed by Chocolate Finance, it is designed to combine:
- Attractive Rewards: Earn 2 Max Miles for every S$1 spent on almost all transactions (up to the first S$1,000 each month) and 0.4 Max Miles thereafter.
- Zero FX Fees: Perfect for overseas shopping or travel—say goodbye to those pesky conversion fees.
- Integrated Digital Tools: Enjoy real-time notifications, the ability to freeze/unfreeze your card with a tap, and a seamless app experience.
- Daily Returns on Savings: When paired with Chocolate Finance’s managed account, your funds continue to grow with competitive interest rates (3.3% p.a. on the first S$20k, for example) while you spend smartly.
This innovative approach lets you earn rewards on even “non-traditional” spending—think charitable donations, education fees, insurance premiums, and more—making it a jack-of-all-trades in the world of financial products.
What are the Benefits of a Chocolate Visa Card?
- Generous Earning Structure:
- 2 Max Miles per S$1 on the first S$1,000 of spending each month
- 0.4 Max Miles per S$1 on any spend beyond S$1,000
- Zero Foreign Exchange (FX) Fees:
- Enjoy international purchases without the usual conversion costs.
- Wide Merchant Acceptance:
- Rewards apply to nearly all purchases—even those that typically don’t offer rewards (e.g. bills, donations, education fees, AXS payments).
- Robust Digital Security:
- Manage your spending on-the-go with instant notifications and card controls (freeze/unfreeze).
- Partnership with Heymax:
- Convert your hard-earned Max Miles to airline and hotel points, adding extra value for travelers.
How is the Chocolate Visa Card Better Than Other Cards?
| Feature | Chocolate Visa Card | Traditional Credit/Debit Cards |
|---|---|---|
| Reward Rate (up to S$1,000/month) | 2 Max Miles per S$1 | Typically 1.2 – 1.4 miles per S$1 |
| Reward Rate (beyond S$1,000) | 0.4 Max Miles per S$1 | Often no rewards or lower rates |
| Foreign Exchange Fees | Zero FX fees | 3.25% or higher |
| Spending Categories Covered | Almost all—including bills, insurance, education | Many exclude non-retail transactions |
| Digital Management | Real-time notifications, instant freeze/unfreeze | Varies; less integrated app controls |
Source: Details consolidated from Chocolate Finance’s website.
How Can You Maximize Rewards with the Chocolate Visa Card?
Imagine every S$1 you spend is like unwrapping a piece of chocolate—each purchase adds a little more sweetness to your rewards balance. Here’s the scoop:
- Spend Smart: Use the card for virtually every transaction. From your morning kopi to paying for tuition fees, you’re earning Max Miles on everything.
- Cap & Continue: The system rewards 2 Max Miles per S$1 for the first S$1,000 monthly. Spend beyond that? Don’t worry—you still rack up miles at 0.4 per S$1.
- No Hidden Costs: Forget the usual FX fees when you travel or shop online internationally. Your money goes further without extra charges.
- Link with Heymax: Easily convert your Max Miles into travel rewards. Whether you’re eyeing that business class upgrade or a luxury hotel stay, your miles are your ticket to extra perks.
It’s almost as if your money is saying, “I deserve a treat!” every time you swipe.
How Does the Chocolate Visa Card Simplify International Spending?
- Everyday Wins: Most reward cards are picky about what qualifies for miles. Not the Chocolate Visa Card—it loves every transaction, no matter if it’s a grocery run or a hospital bill!
- Seamless International Spending: With zero FX fees, this card makes overseas transactions a breeze. Say “selamat jalan” to extra charges and “hello” to more miles.
- Integrated Financial Benefits: Besides earning miles, your cash continues to earn daily interest on your managed account, making your overall financial picture even sweeter.
How to Apply Online for a Chocolate Visa Card?
Ready to start enjoying the benefits? Here’s how you can obtain your Chocolate Visa Card:
- Download the App: Head to the Apple App Store or Google Play Store and search for the Chocolate Finance app. The installation process is quick and simple.
- Sign Up & Verify Your Identity: Once the app is installed, sign up by providing the necessary details and verify your identity using Singpass. This ensures a secure and speedy registration process.
- Top-Up Your Account: After your identity is verified, top up your Chocolate Finance managed account. Enjoy competitive interest rates (like 3.3% p.a. on your first S$20k) while your money works for you.
- Apply for the Chocolate Visa Card: Within the app, navigate to the “Apply Now” section for the Chocolate Visa Card. Fill in the required details and follow the prompts to complete your application.
- Start Spending & Earning Miles: Once approved, you’ll receive your card (physical or virtual) and can immediately start earning 2 Max Miles per S$1 on eligible spending.
If you encounter any issues while signing up, you can contact the Chocolate Finance Support Team at hello@chocolatefinance.com.
Hi, my name is Nikita Joshi, a graduate of Hindu College, Delhi University, and a passionate blogger. With 8 years of experience in On-Page SEO and Proofreading, I specialize writing content that not only resonates with readers but also ranks well on search engines. My work also includes moderating content at APPE, where I ensure high-quality content by maintaining the standards of accuracy and relevance. I focus on delivering valuable information, particularly covering Nationwide Announcements and Finance, and consistently aim to provide insightful content to my audience.