Rewards Updates : Nerfed: Chocolate Card Drops Earn Rate to 1 Max Mile Per Dollar From 1st July 2025, Adds Bill Payment Limits and Miles Multiplier

Source : 

https://sethisfy.com/chocolate-card-nerf-july-2025/?utm_source=feedly&utm_medium=rss&utm_campaign=chocolate-card-nerf-july-2025

Apple Intelligence : 

• Earn Rate Reduction: Chocolate Card’s earn rate will be reduced to 1 Max Mile per dollar from 1st July 2025.

• Bill Payment Limit: Bill payments will earn a maximum of 100 miles each month.

• Miles Multiplier Programme: Chocolate Finance is introducing a Miles Multiplier programme for users to earn more miles based on their average monthly balance.

• Bill Payment Limit: Limited to 100 miles per month.

• Excluded Merchant Categories: Medical & health, Government services, Utilities, Real estate and property management, Insurance, and Business Services.

• Miles Multiplier Programme: Offers up to 100% more miles based on the average monthly balance in the Chocolate Finance SGD account.

• Miles Earning Rate: Every S$5,000 of balance earns an additional 5% miles, with a maximum of 100% for balances over S$100,000.

• Bill Payment Limit: Bill payments are capped at 100 miles per month.

• Bonus Miles Tier: Maintaining a higher balance earns bonus miles, calculated as a percentage of total miles earned.

• Post-Incident Consumer Behavior: Two main groups emerged: those who stopped using Chocolate entirely and those who remained comfortable with the product.

• Relevance of Funding Chocolate Finance Account: More relevant to those who are undecided about Chocolate, with a more in-depth analysis to come.

• Recommendation: Consider Vanilla Money as an alternative.