Earn Rebates on Bill Payments with AXS Rewards to 800+ Organizations
AXS has introduced a new loyalty program called AXS Rewards, allowing users to earn rewards for bill payments. This exciting initiative lets customers earn AXS coins when paying their bills at over 800 organizations. These include various categories such as income tax, utilities, school fees, and more.
How AXS Rewards Works
To participate in the AXS Rewards program, users must make payments through the AXS m-Station mobile app. Payments made via desktop do not qualify for earning AXS coins. By using the referral code SQRZUZ5R, new users can receive 50 bonus coins on their first bill payment.
Earning AXS Coins
Users can earn AXS coins at the following rates:
- 10 coins for each non-recurring bill payment
- 15 coins for each recurring bill payment
- 30 coins for every three bills paid
For example, if you pay three non-recurring bills, you will earn a total of 60 coins (3 x 10 + 30). There is no minimum amount required to earn coins, but specific categories may have minimum payments of S$5 or S$10.
Redemption of AXS Coins
AXS coins can be redeemed for vouchers at different rates:
- S$2 voucher for 400 coins
- S$5 voucher for 1,000 coins
- S$10 voucher for 2,000 coins
This equates to a maximum rebate of 1% for non-recurring payments and 1.5% for recurring payments. Additionally, users may redeem mystery boxes for 10 coins, with potential rewards ranging from small vouchers to larger amounts.
Additional Benefits of AXS Payments
Paying bills through AXS does not generate traditional credit card rewards; however, it offers significant cash flow advantages. Customers can schedule bill payments at strategic times, utilizing the interest-free period associated with credit cards.
For example, making a payment a day before your credit card statement can delay the actual cash outflow from your account for over 55 days, depending on the billing cycle.
Setting Up Recurring Payments
AXS also allows users to set up recurring bill payments, facilitating hassle-free management of regular expenses. This service enables users to pause or skip payments without canceling their entire billing arrangement.
Conclusion
The AXS Rewards program is a welcome development for users looking to earn rewards on their bill payments. By making payments through the AXS mobile app and leveraging referral bonuses, customers can maximize their rewards while enjoying enhanced cash management options. Keep an eye out for future updates on expanded rewards and features within the AXS Rewards program.
