Enjoy unparalleled convenience at your fingertips literally,
as the newly launched physical FSMOne Debit Card is now available.
FSMOne is the 1st wealth platform in Singapore to offer investors a Debit Card full of rewards, including cashback on your spending in more than 200 countries and across more than 140 currencies!
Exclusive Promotion: check out the 8% Dining Cashback promotion running from 1st to 28th February 2023 here.
The FSMOne debit card is THE all-in-one card. It allows you to spend directly from your investment proceeds and dividend payouts, spend overseas at highly competitive foreign exchange rates (hint: save 3-5% on FX with our card, versus some of the banks’ cards), and earn cashback on your expenses.
Read on to find out how to apply for a physical card with the FSM Mobile App.
[EXCLUSIVE PROMO] Earn 8% cashback** and 5,000 rewards points*** – only in February!
Be savvy over the GST increase to 8% in 2023 and manage your money smarter! Join in on the 8% cashback on your dining expenses from 1st to 28th February 2023.
That’s not all, we are giving 5,000 rewards points*** to the first 200 new card applicants who have made their first transaction from 1st to 28th February 2023!
What is the difference between the digital and physical debit cards?
When you sign up for the FSMOne Debit Card, it comes with the convenience of a digital card. The new exciting feature is that from January 2023, you can also sign up for the physical card.
If you prefer to pay by tapping your physical card at merchants in Singapore and when you travel overseas, the FSMOne Debit Card will meet your needs conveniently! Tap your card at merchants that rely on the MasterCard network and earn cashback that will be credited back to your SGD Cash Account!
Both the digital and physical cards are linked to the same SGD Cash Account and you can conveniently choose to use either the digital or physical card at any time – it really is up to your own preference!
|
Activities |
Digital Card |
Physical Card |
|
Online Transactions |
Available |
Available |
|
In-store Physical store spend |
GooglePay for Android users only |
Available |
|
Cashback |
1% cashback on eligible
spending during non-promotional periods |
|
|
Overseas / Foreign in-store card transactions |
GooglePay for Android users only |
Available Globally, supported by Mastercard network |
|
ATM Withdrawal |
Not Available |
Not Available |
Fun Fact: The serial numbers for the physical and virtual cards differ.
You will find that the physical and virtual cards have different serial numbers as an added form of security. If your physical card is stolen or misplaced, you can lock the physical card immediately on the FSM Mobile App or website. Usage of the virtual card is unaffected even if the physical card is locked.
You can also lock your digital debit card after each payment, ensuring you are the only person who can transact with your card.
View of the digital card on FSM Mobile App
View of the physical card on FSM Mobile App.
Key benefits of having FSMOne Debit Card:
Feature #1: Directly spend your investment proceeds and dividends….and earn Cashback!
The first wealth platform to launch a debit card, the FSMOne Debit Card bridges the gap between a debit card and a brokerage account. With the linked FSMOne Cash Account, you no longer have to withdraw your investment proceeds to your bank account.
Fancy pampering yourself on a new gadget? You can spend your dividend income from your funds or stocks and treat yourself! What’s more, you get to earn Cashback and other rewards such as the FSM Rewards Points (you can redeem these points easily here).
This greatly benefits FSMOne users who can now pay for their daily expenses from their income and dividend-paying products with one card, removing the additional step of making regular withdrawals. You can now invest to treat yourself!
Key feature #2: Save on overseas payments with competitive FX rates.
Sick of paying hefty overseas transaction fees? One of the biggest advantages of the FSMOne Debit Card is that it also functions as a multi-currency card, making it the perfect travel debit card. You can save up to 3-5% compared to the cards you have with banks, because of their steep mark-up!
We have NO FX admin fee, NO annual fee, NO minimum spend and NO minimum balance required. Save more on your expenses overseas, and when you spend online on non-SGD items!
Furthermore, currency conversion is automated. This eliminates the manual process of currency conversion other major multi-currency card players have. As the card supports over 140 currencies (wherever Mastercard is accepted worldwide in more than 200 countries), it offers the best value for any international traveller.
How to apply for a physical card?
For FSMOne.com web users:
Step 1: Head to your Debit Card Summary on FSMOne.com. (Login is required)
Step 2: Click on “Get an additional card”
Step 3: Under Card Type, select “Physical Card’ and proceed to fill in your information.
For FSMOne Mobile app users
Step 1: Head to the FSM Mobile App and click on “Holdings” at the bottom of the screen.
Step 2: Tap on the “Debit Card” Option'.
Step 3: Select “Get an additional card”.
Step 4: Select “Physical Card” and proceed to fill in your information.
You will receive your physical cards by post in about 2-3 weeks. Remember to top up your Cash Account and activate the physical card on your FSM Mobile App after receiving it.
For Android users only:
If you are an android user, you can load your virtual card details onto your GooglePay app. Don’t forget to set the FSMOne Card as your default card to ensure you earn cashback on your card!
Note: After adding your card details, you might see a minimal temporary charge on your card from Google. This charge checks that your debit card is valid. It will not affect your balance and the amount will be reversed.
*Terms and Conditions – 1% Cashback
1. Eligible transactions are identified via their category codes. These category codes are assigned by Mastercard/ issuers. If the merchants are not classified, transactions made at these merchants will not be eligible for the cashback. For the avoidance of doubt, the list of category codes is not under the purview of iFAST Financial Pte Ltd and we are not responsible for the category code assigned to a transaction.
2. Spending in the following categories will not be eligible for cashback:
Merchant Codes Category Exclusion
Non-Financial Institutions - Stored Value Card Purchase/Load (6540)
Financial Institutions - Automated Cash Disbursements (6011)
Financial Institutions - Merchandise, Services, and debt Repayment (6012)
Money transfer (4829)
Non-Financial Institutions (6051)
Insurance Sales, Underwriting, and Premiums (6300)
Direct Marketing, Insurance Services (5960)
Parking Lots, Parking Meters and Garages (7523)
Real Estate Agents and Managers - Rentals (6513)
Financial Institutions - Automated Cash Disbursements (6010)
Security Brokers/Dealers (6211)
Utilities – Electric, Gas, Water, and Sanitary (4900)
3. Cashback earned for the current month’s transactions (e.g. September) will be credited 4 to 6 weeks after the end of the current month.
4. FSMOne.com reserves the right to reject or clawback any cashback granted or to be granted to a FSMOne Debit Card cardholder in the case of any fraudulent, dishonest and inappropriate conduct, as determined in the sole discretion of FSMOne.com. Such activities include but are not limited to the following: the provision of any false details; the provision of any third party’s information without consent; and any other fraudulent or malicious actions.
5. Cashback granted under this Promotion are strictly non-refundable under all circumstances (including but not limited to any closure, suspension, loss or expiry of an awardee’s FSMOne.com account). For the avoidance of doubt, a FSMOne Debit Card cardholder shall not be entitled to any compensation, refund or alternative prize due to a failure to claim or use of the cashback.
6. FSMOne.com reserves the right to deduct the relevant cashback which were granted due to any fraudulent, dishonest and inappropriate conduct by a FSMOne Debit Card cardholder as described in clause 4 above.
7. FSMOne.com’s decision on all matters regarding the promotional cashback are final.
8. FSMOne.com reserves the right to amend the Terms and Conditions without prior notification.
9. Additional promotions may be offered from time to time. Please refer to the terms and conditions listed in the relevant promotional articles.
** Terms and Conditions – 8% Cashback on Dining Promotion
1. The 8% Cashback on Dining Promotion is valid from 1 February 2023 to 28 February 2023 (the “Promotional Period”).
2. The Cashback Programme is applicable to the following cards (collectively “Qualifying Cards”)
a. FSMOne Crimson Debit Card
b. FSMOne Black Debit Card
Read more about the differences here.
3. Eligible Cardmembers (“Cardmember”) are defined as customers who are currently holding on to FSMOne qualifying cards and have not cancelled any FSMOne Debit Card within the last 6 months.
4. By participating in this Promotion, the clients agree that they have read, understood and agree to be bound by all terms and conditions stated herein.
5. To successfully be eligible for the Promotion, the client has to fulfil these criteria :
a. Client must have an activated FSMOne Debit Card;
b. Client has spent using the FSMOne Debit Card; and
c. Client is amongst the first 200 persons to start spending on dining expenses as denoted by Merchant Category Codes (MCC) based on their Qualifying Card’s transaction date:
i. 5812 (Eating Places and Restaurants)
ii. 5813 (Bars, Cocktail Lounges, Discotheques, Nightclubs and Taverns–Drinking Places (Alcoholic Beverages)
iii. 5814 (Fast Food Restaurants)
6. 8% cashback amount will be credited on the first S$500 spent.
7. Cashback is subject to a cap of S$40 in total per customer for this promotion regardless of the number of Qualifying Cards held by the customer.
8. Eligible Transactions are identified via their Merchant Category Codes (“MCCs”). These MCCs are assigned by Mastercard and/or the FSMOne Debit Card issuer, and may be subject to changes at any point of time. If the merchants are not classified and/or classified under another merchant category not related to dining, transactions made at these merchants will not be eligible for the Cashback. For the avoidance of doubt, the list of category codes is not under the purview of iFAST Financial Pte Ltd (“iFAST”) and iFAST is not responsible for the category code assigned to a transaction.
9. Cashback is calculated based on the date of transaction in that calendar month. Cashback earned for the current month’s transactions will be credited 4 to 6 weeks after the end of the current month and reflected in your debit card/account statement.
10. iFAST reserves the right to not to credit and/ or clawback any cashback in the case of any fraudulent, dishonest and inappropriate conduct including where the Cashback is awarded due to error, voided, cancelled, as determined in the sole discretion of iFAST. Such activities include but are not limited to the following: the provision of any false details; the provision of any third party’s information without consent; and any other fraudulent or malicious actions.
11. Cashback granted under this Promotion are strictly non-exchangeable under all circumstances (including but not limited to any closure, suspension, loss or expiry of an awardee’s FSMOne.com account). For the avoidance of doubt, a FSMOne Debit Card cardholder shall not be entitled to any compensation, refund or alternative prize due to a failure to claim or use the cashback.
***Terms and Conditions – 5,000 Rewards Points for first 200 new-to FSMOne Debit Card applicants
1. Promotion is valid from 1 to 28 February 2023 for the first 200 new-to FSMOne Debit Card members.
2. Eligible New-to FSM Cardmembers (“New Cardmembers”) are defined as customers who meet all the following conditions during the Promotional Period:
a. Apply for a new and approved FSMOne Debit Card from 1 February 2023 onwards;
b. Currently not holding on to any FSMOne Debit Card;
c. Have not cancelled any FSMOne Debit Card within the last 6 months.
d. Has made at least one eligible transaction using the FSMOne Debit Card from the Promotional Period; and
e. Ensure that FSMOne account and debit card are both active (not cancelled, terminated, closed or blocked) at the point of Rewards Points crediting.
3. Rewards Points will be credited 4 to 6 weeks after the end of the promotion period.
4. iFAST reserves the right to, at any time and in its sole and absolute discretion, replace and/or substitute any of the rewards with any other item of a similar value and further reserves the right to do so without reference to the Cardmember.
5. All decisions made by iFAST on any matters regarding this promotion are final, conclusive and binding on all clients. No appeals and/or correspondences shall be entertained.
6. iFAST reserves the right at any time to add, delete, vary and/or amend these terms and conditions by way of posting on the FSMOne platform, or any other methods which iFAST deems practicable. The client acknowledges and agrees to access the FSMOne platform regularly to ensure that he/she is kept up to date with any changes or variations made to these terms and conditions.
7. The terms and conditions set out herein shall be without prejudice and in addition to the terms and conditions governing your FSMOne Investment Account and the FSMOne Debit Card, including but not limited to: the iFAST Standard Investment Account Terms and Conditions, the iFAST Platform Terms and Conditions, and all other applicable terms and conditions, disclaimers, risk disclosures and warnings.
8. In addition and without prejudice to any other right or remedy which may be available (whether under these terms and conditions or under applicable laws), and in the absence of fraud on the part of iFAST, iFAST shall not be liable to the clients or any other party in any respect of any losses, damages, costs and expenses suffered or incurred by the clients or any other party arising out of this Promotion. iFAST shall not in any event be liable for any indirect or consequential loss, or for punitive damages.
All debit cards are issued and powered by Nium, an entity regulated by the Monetary Authority of Singapore as a major payment institution under License No. PS20200276. iFAST is obligated to act accordingly to withdraw monies held under trust in your iFAST Cash Account to your debit card separately issued by the card issuer for payment services independently administered by card issuer.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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