For those who are not well-versed in cryptocurrency, it is essentially a form of digital currency that has gained popularity in the past couple of years since the adoption and acceptance to put it into practical use from a couple of bigger companies like Tesla and Paypal. Unlike a regular currency, the value of cryptocurrency is determined by the market and tradeable on the exchange.
Bitcoin is one of the biggest and most popular cryptocurrency with the largest market cap today.
How To Earn Cryptocurrency For Free Without Investing
Despite the popularity, many are still skeptical and reluctant to put their money because of the volatile nature of the currency.
In this article, I will show you how you can earn cryptocurrency for free without putting any of your money in your investment.
This campaign is one of a kind and is probably the first that a collaboration Singsaver has done with Seedly in relation to cryptocurrency as a campaign giveaway.
When you sign up for the American Express Credit Card from the period 13 September – 10 October 2021 as a new user, you will be entitled to a free bitcoin worth $265 credited to your account. For the first 2,000 successful applicants, you will get an additional $100 worth of bitcoin on a first come first serve basis so it pays that you sign up as early as the launch date if this is something that interests you.
The value of the bitcoin to be fulfilled, will be equivalent to the stated amount in Singapore dollars, at the effective exchange rate of Singapore dollars at the point of crediting the reward to the wallet account (more instruction details will be issued to you once you sign-up and are eligible for the reward).
Here are the 5 available American Express cards that are eligible for the campaign:
The American Express® Singapore Airlines KrisFlyer Credit Card
This is a decent entry-level card for beginners who are looking to accumulate miles.
Compared to the other AMEX KrisFlyer miles card such as the Ascend card (shown next), the earn rate is comparatively decent and is only 8% lower (1.1 vs 1.2) than the next level miles card.
The one thing that stands out is also the relatively lower eligibility requirement of only requiring S$30,000 per annum in income so this would put accessibility to most people who are already employed.
Personally, I have been using this card on my own to accumulate miles and AMEX runs occasional savings promotions where it gives you a good cashback on your utilities or dining requirement for instance.
I also like the fact that AMEX is generous with the waiving of the annual fee if you use the card regularly.
- Welcome Bonus: 5,000 KrisFlyer miles upon first spend on Card (for first-time applicants)
- Spend Bonus: Receive 5,000 bonus KrisFlyer miles when you spend S$3,000 in the first 3 months of Card membership
- Earn 1.1 miles for every S$1 local eligible spend (and up to 3.1 KrisFlyer miles)
- Receive S$150 Cashback for use on your next purchase on Singaporeair.com when you spend S$12,000 on your card from 1 July 2021 to 30 June 2022
- KrisFlyer Ascend Upgrade Bonus of 12,000 KrisFlyer miles upon meeting Card membership and spend criteria
- Eligibility: Minimum income requirement of S$30,000 per annum for Singapore Citizens and Residents; $60,000 per annum for Expatriates
- Annual Fee of S$171.60 (inclusive of GST) waived for the first year
Apply Here for the KrisFlyer Blue Card
The American Express® Singapore Airlines KrisFlyer Ascend Credit Card
This is the next level miles card if you are looking for something that’s more generous with your spending and travel requirement.
As mentioned in the previous card, the earn rate is 8% higher for the Ascend Card than the normal blue card but you get to enjoy an accelerated bonus and upgrades if your spending is significantly higher.
Furthermore, you also get to enjoy complimentary lounge access when you travel and a complimentary night stay each year at any participating Hilton Properties in Asia Pacific – which helps to offset the annual fee requirement if you ask me.
- Welcome Bonus: 5,000 KrisFlyer miles upon first spend on Card (for first-time applicants)
- Earn 1.2 miles for every S$1 spent on your everyday spend (up to 3.2 KrisFlyer miles)
- Enjoy a complimentary night stay each year at participating Hilton Properties in Asia Pacific
- Enjoy four complimentary lounge access passes to any participating SATS Premier and Plaza Premium Lounge each year
- Enjoy accelerated upgrade to KrisFlyer Elite Gold membership tier with minimum spend of S$15,000 within 12 months of Card approval
- Enjoy Double KrisFlyer miles Accrual Voucher with minimum spend of S$15,000 on Singaporeair.com from 1 July 2021 to 30 June 2022
- Eligibility: Minimum income requirement of S$50,000 per annum for Singapore Citizens and Residents; S$60,000 for Expatriates
- Annual Fee of S$337.05 (inclusive of GST) – required
Apply Here for the KrisFlyer Ascend Card
The American Express® True Cashback Card
Like the name itself suggests, this is a card if you are looking into cashback rebates rather than miles earn.
The entry criteria is pretty straightforward and relatively easy to meet, and you get to earn a healthy 1.5% cashback on most of your local day to day spend and up to 2.5% for any foreign currency spend.
The annual fee is also waived for the first year, so there’s absolutely no downside costs in giving it a try.
- Welcome bonus of 3% Cashback – Earn S$150 Cashback on your first S$5,000 spend within the first 6 months
- Earn 1.5% Cashback on subsequent local currency spend
- Earn up to 2.5% Cashback on foreign currency spend
- Register your Card to enjoy additional 1% Cashback on top of the 3% Welcome Bonus or 1.5% Cashback thereafter
- Eligibility: Minimum income requirement of S$30,000 per annum for Singapore Citizens and Residents; $60,000 per annum for Expatriates
- Annual Fee of S$171.60 (inclusive of GST) waived for the first year
Apply Here for the True Cashback Card
The American Express® CapitaCard
This American Express CapitaCard is suitable if you are into shopping particularly in your regular CapitaLand Malls near your area.
The entry is relatively straightforward and you get to earn higher rebates in the form of STAR$ which you can convert your dollar spend into points when you use them at the participating malls.
- Earn up to 3% Rebate (awarded in 6X STAR$® or 30 STAR$®)* when you spend at participating merchants in CapitaLand Malls in town
- Earn up to 2% rebate (awarded in 4X STAR$® or 20 STAR$®)* when you spend at participating merchants in CapitaLand Malls in the heartlands
- Earn an additional 5% rebate (awarded in 10X STAR$® or 50 STAR$®) at participating STAR$® X’tra Partners in CapitaLand Malls
- Enjoy 3-hour complimentary parking per mall, per day across participating CapitaLand Malls when you spend S$1,200 in a calendar month
- Eligibility: Minimum income requirement of S$30,000 per annum for Singapore Citizens and Residents; $60,000 per annum for Expatriates
- Annual Fee of S$171.60 (inclusive of GST) waived for the first year
Apply Here for the CapitaCard
The American Express® Platinum Credit Card
The American Express Platinum card appeals to an affluent group of people who are looking to seek privileges and comfort in their own social circle by owning one of the most prestigious card in the world.
In particular, the benefit features impressive dining perks, which allow access up to 50% savings on dining at selected restaurants through the Love Dining program.
- Earn up to 3.44 miles for selected luxury spend (E.g: designer watch, jewellery, fashion)
- Enjoy Love Dining @ Restaurants privileges which offers up to 50% savings on food orders at a handpicked selection of popular restaurants
- Exceptional year-round privileges and savings of up to 50% on food bills for unlimited visits at selected 5 star hotels around Singapore
- Enjoy a complimentary drink with purchase of at least one item from the merchant’s menu at over a dozen fashionable bars in Singapore
- Eligibility: Minimum income requirement of S$80,000 per annum
- Annual fee of S$321 (inclusive of GST) – required
Apply Here for the Platinum Card
How to Redeem Your Rewards After You Sign-Up
Unfortunately, there is still some minor administrative last bit that you have to do to redeem your rewards but I promise it’s not rocket science or anything.
To redeem your rewards:
- Once you apply to the desired credit card of your choice, you will receive an application form sent to your email (do remember to check your junk)
- Complete the application form and note the application reference number
- Once the application is approved, check your email for the reward redemption instructions from SingSaver
- Sign up for an Account on SingSaver website to obtain the redemption form
- Fill up the form with your application reference number and send it back to them at [email protected]
- Wait for your gifts/rewards
For the full Terms & Conditions that has incorporated all the details, do refer them here.
Disclaimer: #ownthefuture This post contains affiliate links as part of collaboration with SingSaver. However, all information and opinions stated are purely mine. Also, Seedly and SingSaver will never ask you for your wallet address nor conduct airdrops. Do reach out to [email protected] for any questions on the campaign.
