Hot Deal: Get S$25 Cash With Instarem Amaze
Not yet an Instarem Amaze user? You can now get 2,000 InstaPoints worth S$25 cash when you sign up and spend just S$100 with the Amaze card.
These are very easy requirements and Instarem Amaze is a very useful tool for anyone interested in card rewards. It gives you a better forex spread than your credit card, allows you to earn rewards (on some cards), and lets you check MCCs of transactions.
It’s definitely worth signing up especially with the largest sign-up reward we’ve seen for the wallet app yet.
Instarem Amaze
Promo code iQYZTH for 325 points
🎁 New Users
Get 225 2,000 InstaPoints (worth S$25) when you sign up with referral code iQYZTH and make an overseas transfer of at least S$1,000 or spend a total of S$100 on amaze.
💳 Features
- Save on forex fees (typically around 2% spread compared to credit card forex charges of more than 3%)
- Convert offline to online spending (for cards like Citi Rewards)
- Store and swap between 5 credit cards on one Amaze card
- Find out Merchant Category Code of transactions
Note that local transactions incur a 1% fee with a S$0.50 minimum per transaction.
For reference only; refer to exact details in terms and conditions
InstaPoints can now be converted into cash again
In early 2025, Instarem removed cashback redemptions, leaving KrisFlyer miles as the only option. As of 8th September 2026, they are back and Instarem users can once again use InstaPoints for cashback.
Along with transfer discounts and miles, you can now redeem InstaPoints for the following:
| Option | Points Required | Value Per Point |
|---|---|---|
| S$5 cashback | 1,000 InstaPoints | 0.5¢ |
| S$25 cashback | 2,000 InstaPoints | 1.25¢ |
| S$5 discount on transfer | 400 InstaPoints | 1.25¢ |
| S$25 discount on transfer | 2,000 InstaPoints | 1.25¢ |
| 400 KrisFlyer miles | 1,200 InstaPoints | ~0.5¢* |
The best option is redeeming 2,000 InstaPoints for S$25 cashback, which puts each InstaPoint at a value of 1.25¢. Cashback is credited to your Instarem wallet which can be transferred to your bank account via PayNow, making it as good as cash.
This option can redeemed only once a month.
You have to choose between earning InstaPoints or credit card rewards
When using Instarem Amaze, you can either use it linked to your Amaze wallet, or with a linked Mastercard.
| Amaze Wallet | Credit Card | |
|---|---|---|
| Conversion Rate | Around Mastercard rate | ~2% markup above Mastercard rate |
| Rewards | 0.5 InstaPoints per S$1 (0.625% cashback) | Depends on card |
| Min. Transaction to Earn Rewards | S$10 | Depends on card |
With just 0.5 InstaPoints per S$1 spent, it would take S$4,000 of spend for someone to get 2,000 InstaPoints required for S$25 cashback. Given the relatively poor rewards of using the Instarem Amaze linked with the wallet, you would likely want to use it paired with a credit card.
Here are the best cards to use with Instarem Amaze:
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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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