Get your exchange fees for Commodities waived when you buy/sell precious metals

Revolut Singapore

 · 02/23/2022  · 02/23/2022

1. What is this Campaign about?

This Campaign allows you earn cashback in an amount equivalent to the exchange fees associated with buying and selling precious metals through the Revolut Commodities feature for the duration of the Campaign Period (the “Campaign”).

The total amount of cashback payable under this Campaign is capped at an amount equivalent to the exchange fees you would incur by buying and or selling precious metals up to a value of $5,000 SGD.

The Campaign is governed by these terms and conditions (the “Terms”).

2. Who is eligible for the Campaign?

Anyone who is a customer of Revolut Technologies Singapore Pte Ltd (“Revolut”, “we”, or “us”) who has an active account (meaning it is not not suspended or restricted), and who is legally residing in Singapore, is eligible for the Campaign.

This Campaign is limited to the first 1,000 customers of Revolut Technologies Singapore Pte Ltd who meet the $500 SGD minimum transaction requirement (please read the “How do I earn cashback” section for more information on how to earn the cashback reward).

Unfortunately, employees and contractors of Revolut and their immediate family members (spouses, parents, children, siblings and their respective spouses, regardless of where they live) or persons living in the same households are not eligible.

To remain eligible for the Campaign, you must follow these Terms at all times.

If you are disqualified from the Campaign, we will ask you to return any cashback you received as part of the Campaign back within three days. If you do not, we may deduct it from your Revolut Account.

3. What is the duration of the Campaign

The Campaign is happening from 28 February 2022 GMT +8 to 30 April 2022 GMT +8 (the “Campaign Period”).

4. How do I earn cashback?

To earn a cashback, you must:

  • Top up your Revolut account; and
  • Purchase $500 SGD or more worth of precious metals through the Revolut Commodities feature.

You must do all of these things before you during the Campaign Period.

For the avoidance of doubt, multiple precious metal transactions that cumulatively amount to $500 SGD or more will qualify for cashback under this Campaign.

The cashback earned under this Campaign is in addition to the regular cashback earned by Metal customers for spending their Revolut card.

5. How much Cashback will I get?

The amount of cashback that you will get depends on the subscription plan you hold on the Cashback Payment Date (as defined below), as set out below.

In particular:

  • Standard customers are entitled to receive cashback in an amount equivalent to the exchange fees incurred - limited to exchange fees related to a maximum transaction amount of $2,500 SGD (including both buy and sell) of precious metals. Any exchange fees incurred when transacting over an aggregate sum of $2,500 SGD worth of precious metals will not be eligible for cashback under this Campaign.
  • Premium and Metal customers are entitled to receive cashback in an amount equivalent to the exchange fees incurred - limited to exchange fees related to a maximum transaction amount of $5,000 SGD (including both buy and sell) of precious metals. Any exchange fees incurred when transacting over an aggregate sum of $5,000 SGD worth of precious metals will not be eligible for cashback under this Campaign.

The “Cashback Payment Date” is the date upon which any cashback under this Campaign is paid to you. If you downgrade your plan at any time prior to the Cashback Payment Date, the cashback amount will be adjusted to reflect the cashback rate applicable to your new plan.

If you earn a cashback, we will deposit the cashback into your Revolut Account within ten business days after the end of the Campaign Period.

6. What other legal information  should I know?

  • These Terms govern the Campaign and the relationship between us (Revolut Technologies Singapore Pte. Ltd.) and anyone who participates in the Campaign.
  • You will be deemed to be participating in the Campaign if you do not reach out to us via in-app chat to inform us that you do not wish to participate within five business days of either receiving a cashback reward or receiving an email from us notifying you of your cashback reward (whichever is earlier).
  • We may, at our sole discretion, suspend, terminate or change the Campaign or these Terms without notice.
  • These Terms are published in English and any translation is a courtesy translation only. This means you cannot derive any rights from any translated version and only the English version can be used in legal proceedings.
  • To be eligible for the Campaign, you must comply with these Terms, and any other terms and conditions that apply to your account, at all times. We will determine your eligibility at our sole discretion, and reserve the right at any time to disqualify participants if we consider they have breached these Terms, breached applicable laws, or are otherwise not eligible.
  • If we believe that you have engaged in any fraud or material abuse of this Campaign we may in our sole discretion take any actions we see fit in the circumstances.
  • All decisions made by us under these Terms or in relation to the Campaign shall be final. We may, but are not required to, justify any of our decisions.
  • Only you and we have any rights under these Terms. They are personal to you and you cannot transfer any rights or obligations under it to anyone else.
  • These Terms shall be governed and construed in accordance with the laws of Singapore. Any disputes arising out of or in connection with these terms shall exclusively be submitted to and dealt with by the exclusive jurisdiction of the competent court in Singapore.
  • By participating in this Cashback Campaign you consent to Revolut’s, collection, holding, storage use, processing, transfer, disclosure and/or reporting (directly or indirectly) of your personal data to relevant third parties (including any persons who are involved in operating, administering or promoting this Cashback Campaign on behalf of Revolut), including but not limited to for the purposes of administering this Cashback Campaign, for contacting you regarding the same and for marketing purposes. You can find more information about how we use your personal data in our Privacy Policy (available at www.revolut.com/en-SG/legal/privacy). Save for the above, personal data relating to Revolut customers are kept confidential and will otherwise not be given to any other person except with the consent of the Revolut customer or as permitted by the Personal Data Protection Act 2012 (and subsidiary legislation)