I came across this promo and this type of deal would typically go on the Telegram group but I think it’s compelling enough to get its own post: get up to $78 simply by withdrawing cash.
3 Easy Steps:
- Download soCash (iOS / Android) and use code SETH0693 for additional $3 (remember to input the code before using Facebook or Google to sign in)
- Go to a Sheng Siong outlet and look for the green $TM machine
- Withdraw $500 by scanning your QR code
What happens is that you will get $500, but only $497 would be deducted (because you used my promo code 😉). Your next withdrawal will be $7.50 cheaper (1.5% cashback on $500), which means $492.50 would be deducted from your bank account for a $500 withdrawal.
Because the maximum per day is $1,000 and the monthly maximum is $2,500, here is how you should maximise this promotion before July ends:
- Day 1: withdraw $500 twice (get $18 cashback)
- Day 2: withdraw $500 twice (get $15 cashback)
- Day 3: withdraw $500 once (get $7.50 cashback)
Limited: Get 1.8% p.a. on your savings
Whether or not this is a hassle depends on your proximity to a Sheng Siong outlet, and even if you do only one trip, it’s still a good part of your groceries paid for.
Currently, it seems like this promo would last until the end of August, which means you could repeat the above next month… but I have a nagging suspicion the promo would be yanked anytime. It’s a free lunch, and free lunches don’t last for long.
Update 27/07/20: Here’s one situation I hate to be right: it seems like soCash has now changed the end date of this promo to 31st July 2020, so there’s only a few days left for this promo, and we won’t be able to get the same rate next month. Oh well.
Update 02/08/20: Multiple reports from the Telegram group that first $500 transaction still gets $7.50 cashback reward.
Update 04/08/20: it seems like you are still able to get 1.5% cashback for the first transaction of the day, which likely means you can still get $30 across 4 $500 transactions this month. Join my Telegram channel to keep updated.
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Notable promos at the moment: