EZ-Link Reload Credit Cards
In a bid to streamline payments for public transport, the Singapore Land Transit Authority introduced the EZ link card in 2001. For almost a decade, the EZ link card had monopoly over smart card payments for public transportation. In September of 2009, NETS FlashPay card also entered the market. During this time, the original EZ-Link card was replaced by the new CEPAS EZ link card.
The EZ link card today has a multitude of uses. Not only is it commonly used as a smartcard for paying fares on the MRT and LRT systems but also doubles up as a form of ID for students that attend national recognized education centres. It even acts as concessionary card for these students, senior citizens, full time national service personnel, and for the Singapore police force.
The cards also allow for online shopping at select merchant outlets and come with a renewed limit. Earlier, the limit for storage of funds on the card was at S$100. This has now been changed to S$500. The CEPAS card, since its introduction has been the go to choice for commuters. The whole process of payment has been whittled down to under a second making travel on buses and trains a much smoother experience. No longer do commuters have to carry exact fare for their journeys. With the CEPAS EZ link card, commuters simply have to tap their cards at the payment terminals to begin their journey.
The new EZ link cards also have an auto top-up facility that recharges your card automatically when you are running low on funds.
EZ-Link is a contactless card with a stored value that is provided in Singapore. This amazing card is offered by EZ-Link Pte Ltd. The card was initially introduced for commuting by buses and trains conveniently. Now, the card is used to make payments for purchasing both goods and services. EZ-Link offers a topping up service known as EZ-Link Reload (Auto Top-Up). This facility recharges your card by default when you do not have adequate money in your card account.
These are some of the salient features of EZ-Link Reload:
When you have the EZ-Link Reload card, you need not wait in long lines to recharge your card with funds. This is an effortless process for you as the topping up of money gets done automatically.
With the EZ-Link Reload card, you will have adequate funds all the time. You need not worry if you will suffer from lack of funds at any point of time. These funds can be utilised at any place that accepts EZ-Link as a mode of payment. Your EZ-Link account will always have money for all types of payments such as for parking tickets, for commuting by trains and buses.
if you enroll for EZ-Reload (Auto Top-Up) with any of your credit cards, you will get special rebates on your purchases.
Generally, when an automatic top-up is done for your card, you will be required to pay a convenience fee of S$0.25. However, if you have a MasterCard or Visa credit card offered by Citibank, POSB or DBS, you can enjoy a waiver of the convenience fee on all your recharge transactions.
Let us take a look at some of the benefits offered by EZ-Link Reload credit cards:
You can reload your EZ-Link credit card account by GIRO or by a card. When you choose this mode, you can enjoy top-ups for your debit and credit card accounts through GIRO. For this option, you can connect your EZ-Link card only to your POSB or DBS account. When you select the EZ-Reload facility by card, an EZ-Link card will have EZ-Reload with the help of a card. When you want to modify the automatic recharge amount, you will be required to deactivate your EZ-Reload facility from your system and then apply again.
In order to apply for the EZ-Reload facility, here is a list of the best credit cards that suit the purpose
EZ-Reload Benefits:This card from Citibank allows cardholders to use their credit card as an EZ-Link card by activating it at the TransitLink office. All EZ-Reload transactions carry a 2% rebate it with it. This means more savings on a yearly basis when cardholders decide to reload more than S$30 per transaction. When performing EZ-Reload transactions, the default transaction amount is set to S$30, and while this can be lowered, it results in only a 1% rebate being earned. There is no administrative fee charged for reload transactions.
Other Benefits: Citibank SMRT Platinum Visa credit Card comes with other features and benefits as well. It offers a 7% rebate on grocery expenses. This 7% rebate consists of 5% SMRT$ rebate and an additional 2% Citi Rebate. The card also earns up to 10% Citi rebate in addition to the 5% SMRT$ rebate on select expenses such as coffee. The card also provides savings of up to 14% on fuel at Esso petrol stations and Shell petrol stations. The rebates earned through SMRT$ can be redeemed for vouchers. The rate of conversion is 1 SMRT$ is equal to S$1 worth of vouchers. The card need to be charged with S$600 worth of expenses every month to earn the rebates and the maximum rebates that can be earned on a card is 280 SMRT$ every calendar year.
Fees and Charges:The annual fee of the card is S$160.50 per annum for primary credit card and S$85.60 per annum for supplementary card and is waived for the first two years on the principal card and two of the supplementary cards. It requires the cardholder to earn an annual income of S$30,000 for Singaporean Nationals or Permanent Residents and S$42,000 for Foreign Nationals. The interest rate of the card is 28% per annum.
EZ-Reload Benefits:The POSB Everyday card provides cardholders with a rebate of 0.3% for every EZ-Reload Transaction and albeit not as high as the Citibank SMRT card, it still is some savings. Unlike Citibank SMRT card, cardholders are provided an activation code via text 10 days after applying for the card and activating it will allow cardholders to use their POSB Everyday card at any ticketing machine. The default reload amount on the card is set at S$50 and the card charges no fees for reload transactions.
Other Benefits:The card lives up to its name and offers cashback on almost every daily expense. The card earns a 9% cash rebate on dining expenses incurred on the weekend and 3% rebate on dining expenses incurred on weekdays. The card also provides up to 20.1% savings on fuel expenses incurred at SPC stations. Grocery expenses at Sheng Siong and personal care expenses at Watsons provide the cardholder with rebates of 5% and 3% respectively. Recurring utility bills and telecommunication bills paid using this card earns a rebate of 1%. The rebate earned on all other retail spend charged to the card is 0.3%.The card can also be used as an all in one card and be linked to the cardholder’s POSB savings account.
Fees and Charges:The annual fee of the card is S$128.40 per annum for primary credit card and S$64.20 per annum for supplementary card with the fees being waived for the first year. The rate of interest charged on the card is 25.90% per annum. It requires the cardholder to earn an annual income of S$30,000 for Singaporean Nationals or Permanent Residents and S$45,000 for Foreign Nationals.
EZ-Reload Benefits: Unlike the above cards, the DBS Live Fresh card earns reward points when used for EZ-reload transactions. There is no cap on the reward points one can earn using this card. Like the POSB card, this card does not require queuing up at the TransitLink office to activate the EZ-Link function. Cardholders are provided an activation code 10 days after their approval following which the card can be used at any ticketing machine.
Other Benefits: The card is a rewards card but does offer cashback on a promotional basis. The cardholder can receive S$160 in cashback when they apply for the card online and charge S$500 to the card within the first month of having the card approved. The cardholder can also earn a cashback of 5% on select online expenses and PayWave expenses provided the cardholder makes a minimum spend of S$700 on a monthly basis. The cashback availed is capped to S$70. Both cashback offers are valid till 31st December 2016. The card does earn reward points on a standard basis. It earns 1 point for every S$5 charged to the card with select expenses such as qualifying Visa PayWave expenses and online shopping expenses fetching 3 reward points for every S$5 charged to the card. These reward points can be redeemed for vouchers from Takashimaya or CapitalMall Asia or even frequent flyer miles from KrisFlyer or AsiaMiles.
Fees and Charges: The annual fee of the card is waived for the first year with subsequent annual fees being charged at S$128.40 per annum for primary credit card and S$64.20 per annum for supplementary card. The interest rate of the card is 25.90% per annum. It requires a minimum annual income of S$30,000 for Singaporean Nationals or Permanent Residents and S$45,000 for Foreign Nationals.
These credit cards serve the purpose of providing EZ-Reload facilities and can double up and act as an EZ-Link card saving some valuable wallet space as well as becoming an all-in-one card.
Let us take a look at the fees and charges for the EZ-Reload card by GIRO:
|Application fee for each card||S$1|
|Administrative fee for any failed deduction from your bank account||S$2|
|Convenience fee for each auto recharge||S$0.15|
|Refundable deposit amount||This will be equal to the recharge amount that you select for EZ-Reload by GIRO.|
These are the fees and charges for the EZ-Reload card by GIRO:
|Convenience fee for each auto recharge||S$0.25|
If you have a MasterCard or Visa card that is offered by POSB or DBS or Citibank, you will not have to pay this convenience fee for any charge.
If you want the EZ-Link reload facility for your card, you can sign up at AXA. Here, you will have to choose POSB or DBS and then choose ‘Services’. Next, you will need to choose ‘apply for GIRO’ and then choose ‘EZ-Link’. You will then have to follow the simple instructions in order to complete the process.
You will have to fill the online form and submit it. You will then get an email that acknowledges your application has been received. You will then get an activation code via SMS. You will then get an update about the status of your application via email.
To activate EZ-Link Reload through GIRO, you can do it with the help of My EZ-Link Mobile App or GTM. For this, you will have to keep your AXS receipt that has your ARN number and your EZ-link card ready.
To activate EZ-Link Reload through card, you will need your AXS receipt with your ARN number. This is for activating through My EZ-Link Mobile app. When you want to activate at any GTM, you will need your AXS receipt with the ARN number and your EZ-Link card.
You can deactivate your existing EZ-Link Reload service on your card by visiting a TransitLink Ticket Office. Here, you will have to submit your EZ-Link card and your NRIC if you are a Singaporean or a passport if you are a foreigner.