Chocolate x Heymax: 2MPD on (almost) ANYTHING?
- blogthebrokestuden
- Mar 3
- 4 min read
Updated: Mar 12
Is it too sweet to be true? (haha)
If you love maximising MILES while spending on everyday purchases, the latest partnership between Chocolate and HeyMax is here to supercharge your goals.
With this new collaboration, Chocolate debit card users can now earn 2 Max Miles per S$1 spent—making it one of the best ways to rack up miles without a credit card.
This is ideal for students and NSFs who do not meet the age or income requirements for an entry-level credit card.
Why is this a gamechanger? Don't some credit cards give 4 mpd?
Yes, you're right. But if you're reading this, you're probably not eligible for one. Regardless, it is still valuable to own and use one.
Oftentimes, high mpd credit cards may have high minimum expenditure per month or are limited to specific categories (dining, entertainment, etc). With the Chocolate Card, you can earn on (almost) ANYTHING. Yes, this includes taxes, insurance premiums, utilities, medical bills, etc.
AXS payments and E-wallet top-ups do not earn Max Miles as of March 2025.
How do I start earning MILES?
1️⃣ Sign up for a Chocolate account.
2️⃣ Activate your Chocolate debit card and link it to your HeyMax account and Apple/Google Pay.
3️⃣ Spend as usual on eligible purchases (both online and offline work!)
You can occasionally check for 'Limited Time Deals' where certain merchants or products may have upsized mpd. Pelago has up to 10 mpd form now till 16 March! (you can book USJ tickets here!)
Even when you need some retail therapy after long days at school, you can browse through Shopee on Heymax and look for products with especially high mpd (even 26 mpd is within the realm of possibility nowadays)
VOUCHERS 🎟️
Lazy and tired of going to school and thinking of Grabbing? The exorbitant prices on ride-hailing apps nowadays may put you off, but maybe earning some Miles will convince you otherwise.
Snag Tada (2.75 mpd), Grab (up to 2.5 mpd), Gojek (up to 4.5 mpd) vouchers on Heymax. But you gotta be quick, they're always out of stock :(
(In which case you can head to Shopback to buy them and get some Cashback, using the Chocolate Card of course)
4️⃣ Redeem your Max Miles
Here's the exciting part, you can transfer your Max Miles to many partners (airlines and hotel rewards programs) including Hilton Honors, Shangri-la Circle, Qatar Airways Privilege Club, etc. They have different options for different types of travellers (economy vs business) so there's always something for you.
Who Should Get This?
✔ Students & young professionals who want to earn miles without a credit card.
✔ Frequent travellers looking to optimise their rewards strategy with more cards (i.e you exceed maximum mile-earning expenditure on other cards)
✔ Anyone who prefers using a debit card but still wants to earn miles.
✔ Any adult (unless you don't pay taxes.... https://www.iras.gov.sg/)
FAQs
Q: Is the Chocolate Card a credit card?
A: No. It is a debit card where you have to deposit money into the Chocolate app and whatever you spend will be automatically deducted from its balance.
Q: Is this the same as KrisFlyer Miles?
A: No, it is a different rewards program. KrisFlyer Miles are specifically used for the Star Alliance members. However, you could transfer them over if you'd like (though that wouldn't be the 'best' use of it, given the large variety of partners Max Miles has).
Q: How does Chocolate work?
A: Well, if you have been following the news you would have probably heard a bit about the controversy behind Chocolate Finance. It is not SDIC insured because it is NOT a bank, but it holds a Capital Market License (CMS) from MAS (Monetary Authority of Singapore), so it is legally allowed to operate. It ensures the safety of your funds by holding them separately through trusted custodians HSBC and State Street. Also, Chocolate Finance's CEO is Walter de Oude, the same guy who started Singlife (yes, the insurance company).
Q: How does Chocolate work?
A: What Chocolate Finance does is they make use of the funds you deposit and invest it in highly liquid money market funds to generate returns (i.e the daily interest you earn on the app), and take a small chunk of the profit. Currently they offer 3.3% p.a on deposits up to $20,000 which is higher than fixed deposits in the major local banks, with the unique selling point of instant withdrawals (though this has been temporarily extended to 3-6 days as of 12 March 2025) as opposed to the month/year long lock-in periods for FDs.
Referral Programs
