Members of the public can now use a credit card to pay for your
MRT or bus ride, and use the points acquired to redeem free
rides.
This was announced in a joint partnership initiative on Thursday by
SMRT and Citibank.
The new SMRT-Citibank credit card is a 2-in-1 card, which comes
with an EZ-link function.
"When they charge, when they spend, they can get rebates in terms
of SMRT dollars; and in that they can get free rides. Basically
it's something that you are going to spend, and you are going to
save on it," said Saw Phaik Hwa, President and CEO, SMRT.
The two companies have calculated that if you spend an average of
$700 per month on your card, you can get up to 400 free rides
annually.
However, as with all credit cards, a minimum income is needed to
qualify - in this case, a $30,000 annual income.
Passengers will have to make sure they have just one stored value
EZ-link card in their wallets when they go through the gates, as
there have been problems recently when passengers carry 2 EZ-link
cards and the system does not know which card to deduct from.
A debit card will be launched in the first quarter of next
year.
For now, SMRT is only offering this service with Citibank.
