Tiger Brokers Singapore Teams Up with Wise for Debit Card Rewarding Spending with Fractional Shares
Xiaomi-backed online brokerage Tiger Brokers Singapore has teamed up with online money transfer service Wise to innovate the way we think about spending and investing. Launching the Tiger BOSS debit card, this partnership aims to integrate daily expenditure with investment by offering fractional shares as rewards for every dollar spent, transforming the conventional rewards system into an investment opportunity.
Revolutionizing Rewards with Investment Opportunities
The introduction of the Tiger BOSS debit card marks a significant shift from traditional reward systems. Unlike cashback or loyalty points that may expire or require a minimum spend to utilize effectively, the fractional shares earned as rewards on the Tiger BOSS card do not expire. This feature allows users to immediately convert their spending into investments, offering a seamless transition from transaction to investment. The card supports contactless payments through Apple Pay and Google Pay, enabling users to earn rewards on-the-go without the wait for a physical card. The real-time reflection of transactions and the rapid accrual of rewards further streamline the process, making it a hassle-free experience for the users.
Expanding Investment Horizons
With the Tiger Trade platform, cardholders are presented with a wide range of investment options, from stocks to ETFs and unit trusts across global markets. This vast selection empowers users to diversify their investment portfolios directly through their everyday spending. Additionally, the Tiger BOSS debit card offers competitive foreign exchange rates for overseas purchases, enhancing its appeal for those who travel or shop internationally. This unique combination of features positions the Tiger BOSS card as a valuable tool for both seasoned investors and those new to the investment world, looking to make their spending work harder for them.
Celebrating the Launch with Promotional Offers
To commemorate the launch of the Tiger BOSS debit card, Tiger Brokers Singapore is offering enticing promotional deals. A standout offer includes 1% cashback in Tesla fractional shares for purchases made by April 30, 2024, alongside additional rewards for successful referrals. This promotion, coupled with the absence of an annual fee, makes the Tiger BOSS card an attractive option for those looking to maximize their investments through everyday spending. Ian Leong, CEO of Tiger Brokers Singapore, emphasizes the card’s potential to reshape how consumers view their spending and investment strategies, aligning daily transactions with long-term financial goals.
The collaboration between Tiger Brokers Singapore and Wise through the Tiger BOSS debit card presents a novel approach to integrating spending with investing. By rewarding purchases with fractional shares, the initiative not only encourages smarter spending but also promotes investment among a broader demographic. As consumers become increasingly savvy with their financial choices, the Tiger BOSS card stands out as a pioneering tool that bridges the gap between expenditure and investment, potentially altering the landscape of personal finance and investment strategies.
