Nerfed? AXS Stops Accepting Chocolate Card For Payments
Update: AXS has reached out to say that it was Chocolate Finance who requested for the removal. Statement from AXS spokesperson: The removal of Chocolate Visa Card as a payment option on AXS was made at the request of Chocolate Finance. We work closely with our partners and have honored their request to implement the change. AXS strives to offer as many payment options as possible and welcomes issuers who wish to use our platform to reach more users.
Earlier in the afternoon, Chocolate Finance received word from AXS that Chocolate Card is no longer accepted for payments on the AXS platform. While no official reason has been stated yet, the company has indicated that it is likely to be relating to the volume of transactions as well as transaction issues.
In a support document, Chocolate Finance has indicated that they are working to resolve the issue, but until then, this takes away one of the most compelling use cases for the Chocolate Card. Subscribe for updates and leave notifications turned on so you don’t miss anything.
Chocolate Finance
Get up to 2% p.a. returns with Chocolate Finance and 1 Max Mile per dollar with Chocolate Card.
💰 Welcome Reward
Sign up by 31st August 2026
| Funding | Reward |
|---|---|
| Fund S$1,000 | S$30 Cash or S$40 Grab Vouchers |
| Fund S$10,000 | S$50 Cash or S$60 Grab Vouchers |
| Fund S$20,000 | S$120 Cash or S$130 Grab Vouchers |
Holding period: 60 days
💳 Chocolate Card
Get 1 Max Mile per dollar spent and no forex fees.
See airlines that Max Miles can go to. You need a HeyMax account first.
💰 Top-up Programme
| Balance | Rates |
|---|---|
| Up to S$20,000 | 2% p.a. (with top-up) |
| S$20,000 to S$50,000 | 1.8% p.a. (with top-up) |
| Above S$50,000 | Target 1.8% |
For reference only; refer to exact details in terms and conditions
Still a great card for overseas payments and commonly excluded transactions
With no forex fee and the miles given, Chocolate Card remains a good card for overseas payments. This is for the first S$1,000 of spend per calendar month that gets 2 Max Miles per dollar. It is less good once it drops to 0.4 miles per dollar for spending above S$1,000, after which you can simply switch to another travel card.
Chocolate Card is also great for commonly excluded transactions like insurance. With nearly every insurer on the platform, AXS was the easiest way to make payments for one’s coverage. If your insurance company accepts payments via Visa cards, however, you can still use Chocolate Card to make payment for your policies and earn your Max Miles.
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This change, of course, means that payments to things like income tax via AXS will no longer be supported (unless Chocolate does manage to resolve things with AXS). I will be publishing a piece on ways to earn rewards from things like income tax payments, so stay subscribed to the Telegram to be notified of news and deals.
Leave notifications turned on so that you don’t miss time-sensitive updates, and updates will certainly be pushed out if any developments happen.
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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