Omg tried to withdraw money from chocolate finance cannot immediate withdrawal. Say need up to 10 working days to withdraw

[sacredrays]

They also quite hypocrite. They did a rug pull by suddenly removing the rewards overnight. Not even a notification and grace period like what other companies would have done. Yet they are unhappy with a bunch of customers "suddenly" withdrawing due to it? What were they expecting?

they only stopped axs transactions. other transactions still earning miles just fine.. but of course those gian png gaming it via axs that's why.

 

[FinalTidus]

I tell you hor
I founded a hack to earn 1% cashback for payment to IRAS via AXS.
I also dun know if it’s a loophole or they purposely let me earn that 1%

Pm me how you did it. Thanks!

 

[tauntme]

wdym? they didn't lose money directly. it is a debit card after all. users have to fund it first.

what they are making a loss is the amount of miles they had paid out.

Yes, what i meant was, if people manage to top up and pay, immediately get the money back (churning) and earning the miles at the same time, even at 0.4mpd.. it would be a loss for chocolate. People did it with the grabpay card last time by paying CC bills.

Oh and btw, if you overpay iras, iras will send you a warning letter, fyi..

 

[win_man]

wah all these miles discussion thingy now involving IRAS really quite sus liao. Got ppl dare to play this kind of game ah. Purposely overpay IRAS for personal benefit?

 

[uselessbum]

they only stopped axs transactions. other transactions still earning miles just fine.. but of course those gian png gaming it via axs that's why.

But if those gian png one can affect (they form the majority?) the business until have to stop withdrawal, it seems to indicate that the main draw is the rewards for AXS and not the other transactions.

If they are only the minority, then there shouldn't be any need to stop withdrawals. I suspect the real reason is not the rewards for AXS.

 

[thekh21]

Then maybe they shld after those whom tried to gian their system.Y disallowed the rest whom had money inside purely for investment interest n can't withdr

 

[sacredrays]

But if those gian png one can affect (they form the majority?) the business until have to stop withdrawal, it seems to indicate that the main draw is the rewards for AXS and not the other transactions.

ya cause 2mpd is not as attractive as other miles card.

BUT very ***** attractive to pay for those commonly excluded (by other miles card) spendings. e.g. iras bill via axs...

plus, 0.4mpd unlimited thereafter.. siao ah.. those miles chasers..

 

[Rosanjinz]

Yes, what i meant was, if people manage to top up and pay, immediately get the money back (churning) and earning the miles at the same time, even at 0.4mpd.. it would be a loss for chocolate. People did it with the grabpay card last time by paying CC bills.

Oh and btw, if you overpay iras, iras will send you a warning letter, fyi..

but no real penalty right?

only warning letter not to do it again.

but if you don't intend to do it again cos you did a very large transaction?

 

[SageWolf]

precisely. badly thought out strategy, cannot blame customers for taking up what you offer

its like if I decide I want to sell chicken rice at $1 for some promo stunt, don't set any restrictions or controls and underestimate the number of people who buy 20 packs at a go, can I blame them for "gaming the system" ?

But you can stop selling the chicken rice.
People who queued half way just have to LLST.

Same situation right?

 

[Visor9999]

The government will arrest him if I don’t get back my money by Friday

Best to detain him before that in case they run road

 

[tauntme]

but no real penalty right?

only warning letter not to do it again.

but if you don't intend to do it again cos you did a very large transaction?

Wah iras I rather not play man

 

[mynickname]

Wah iras I rather not play man

Lol. Later iras say launch investigation for aml, your money stuck inside 5 years

 

[Travis_Touchdown]

They also quite hypocrite. They did a rug pull by suddenly removing the rewards overnight. Not even a notification and grace period like what other companies would have done. Yet they are unhappy with a bunch of customers "suddenly" withdrawing due to it? What were they expecting?

they ish expecting free $ for them to invest and earn %...

 

[sneggg]

choco CEO wasnt advised that sinkies are the most gian png gian sai ppl in the world. give them some benefits they will think of all the diff ways to get freebies.

ceo never do market research all these kena nerf till max by current credit card issuers alr due to the same problem

 

[Anghtj]

Best to detain him before that in case they run road

MAS should raid their office

 

[Acetron]

in sinkie land, if you make money legit or not, just keep quiet and keep play the game... why tell everyone and now no more game to play

 

[The_Davis]

Seems like the tax refund is through paynow and not the original payment method.
Really song song gao Jurong!

Pay with credit. Get cash?
Or pay with debit, get back cash + max miles?

 

[twodragon]

Chocolate isn't a bank to begin with, it's a fund management finance firm.

Bank will have SDIC insurance.

Correct me if I'm wrong but Singlife also got SDIC, no?

 

[The_Davis]

This is wrong. first 1k earn 2 miles

anything more than 1k will earn 0.4 miles per dollar with no cap

the thing is, so many people all gian png the 0.4 miles.

Sky is the limit. Imagine chiong $1m “spending” wow

 

[~sabaisabai~]

Correct me if I'm wrong but Singlife also got SDIC, no?

singlife is a insurance company leh, not a bank