(I really should be working on that trip report, but since some requests have come in, I figured I’d set this up first.)
Sometime late last year I’d shared about Dash, Singtel’s mobile wallet offering that allowed topping up of $200/month via Singtel bill. This offered opportunities for increasing the amount of online spend charged to your card, potentially allowing you the chance to earn 4mpd for that small amount (the crowdsourced Google Spreadsheet to check which cards have been successfully clocking miles on online payments to Singtel recently.).
2016 edition (recap)
Back then, the only way to really benefit from this was if you were a Singtel customer – the whole concept relied on the ability to get the relevant expenditure coded as part of your telco bill.
lalaisgongon left a comment that ended up saving me a whole bunch of time – it turns out that, with the Standard Chartered partner bank account, you were able to transfer money from your mobile wallet directly to your bank account, rather than away your balance at participating retailers…
Ultimately, this still took quite a bit of effort to set up (new bank account, fiddling with two apps on your phone), but was simple enough to do on a monthly basis for a modest payoff.
2017 edition (update)
There’ve been recent changes to the Dash account that might make it possible (and easier) for everyone to benefit from using Dash, though. Key changes:
- Standard Chartered Dash account app ceased functioning. I believe SCB has withdrawn from (or lowered commitment to) the Dash partnership.
- Singtel Dash now includes a virtual Visa card account, allowing you to use the mobile wallet for online purchases.
- The virtual Visa card also works with payWave, if installed on an NFC-compatible Android device.
- Singtel Dash now allows transfer of mobile wallet funds to bank accounts via FAST.
- Top-ups by credit/debit cards (Visa/Mastercard) now allowed, up to $500/month (updated Nov 2018). It looks like a fee of $1 will eventually apply, though it’s currently waived.
Addendum Feb 2018: FAST transfer no longer seems to require registration.
Addendum: simpledom has pointed out that FAST transfer requires a one-time registration at either Lucky Plaza or City Plaza. I wasn’t aware of this (didn’t need to) – HWZ indicates that this applies to users who have not previously used the SCB Dash account. I’m guessing they need a record of your details for anti-laundering reasons or something.
Dash is now a lot more flexible, allowing easy usage/transfer of mobile wallet funds. If you patronise its partners, you might be able to generate additional cashback by spending directly from the mobile wallet. The new channel to top up via credit cards effectively doubles the previous monthly limit for Singtel subscribers, while allowing non-Singtel subscribers to benefit as well.
At this point in time I haven’t discovered any 4mpd options for direct top-up just yet, though I believe some general spend cards (miles or cashback) would qualify. Since the card top-up fee is currently waived, it’s the perfect time to experiment!
In graphical form, here’s my Dash strategy for (late) 2017:
Singtel Dash allows you to top up its mobile wallet through a variety of ways. This can be done through:
- Singtel bill ($200 per month)
- Visa/Mastercard topup ($500 per month)
This balance can be used in the following ways, among others:
- Spend at retailers via Dash counter code (iOS, non-NFC) or Virtual Visa Paywave
- Transfer to bank account via FAST
(requires initial one-time registration at Lucky Plaza or City Plaza)
With strategic selection of cards, it’s possible to generate a limited amount of additional rewards/cashback every month for yourself. This could be potentially multiplied with every member of your household, especially if any of them are Singtel subscribers under a separate billing account. It’s a little bit of hassle for a moderate payoff, and even less worthwhile for non-Singtel subscribers, so I suppose you’ll need to weigh the pros/cons of this little trick and ask yourself…
Are you Dashing enough right now?