Aspire Card Promotions

Effective from

Aspire Card Promotions

Effective from

1 DEFINITIONS AND INTERPRETATION

1.1 In this Agreement:

1.1.1 “Aspire” means Aspire FT Pte. Ltd., its successors and assigns;

1.1.2 “Aspire Card” means each Aspire debit card, virtual or physical, requested by you and powered and issued by NIUM, and any substitution, replacement or renewal thereof; and

1.1.3 “Business Account” means each and any of your virtual business debit accounts maintained with Aspire and/or Aspire’s banking partners designated as the account for the settlement of transactions made on the Aspire Card.

2 CASHBACK PROMOTION

2.1 The Aspire Card cashback promotion (the "Cashback Promotion") allows Eligible Cardmembers (defined below) to earn up to 1% cashback of monies spent on Qualifying Spends (defined below), subject to the eligibility requirements in the following Section 2

2.2 "Qualifying Spend" means online marketing and software-as-a-service expenses transacted on the Aspire Card with qualifying merchants. You may refer to the full list of qualifying merchants (which Aspire retains the sole and absolute discretion to change from time to time) on Aspire's website (see aspireapp.com or here). Where any doubt exists as to whether a transaction qualifies as an "online marketing" or "software-as-a-service" expense for the purposes of the Cashback Promotion, Aspire shall be the sole and final arbiter as to whether the expense in question constitutes “Qualifying Spend”.

2.3 Cashback earned by you will be credited to your Business Account in the month after the Qualifying Spend is made.

2.4 This Cashback Promotion is valid until such time as may be extended or determined by Aspire in its sole and absolute discretion ("Cashback Promotion Period"). Aspire may terminate the Cashback Promotion with 14 days’ written notice of such termination.

3 ELIGIBILITY FOR CASHBACK PROMOTION

3.1 To qualify for the Cashback Promotion ("Eligible Cardmembers"), you must:

3.1.1 Open a Business Account and be issued an Aspire Card;

3.1.2 Have your Business Account opened and Aspire Card approved during the Cashback Promotion Period;

3.1.3 Be invited to participate in the Cashback Promotion by Aspire; and

3.1.4 Have your Business Account and Aspire Card with no unpaid amounts past due during the Cashback Promotion Period.

4 REFERRAL PROMOTION

4.1 The Aspire Card referral promotion (the "Referral Promotion") entitles holders of Aspire Cards who successfully refer eligible customers to sign up for the Aspire Card (the "Referrer"), and those who are referred (the "Referred Customer") to earn rewards under the Referral Promotion. The Referrer and Referred Customer are each entitled to a referral reward of SGD$50.00 if the eligibility criteria set out in the following Section 4 are satisfied.

4.2 This Referral Promotion is valid until such time as may be extended or determined by Aspire in its sole and absolute discretion ("Referral Promotion Period"). Aspire may terminate the Referral Promotion with 14 days’ written notice of such termination.

4.3 The referral reward will be credited to the Business Accounts of the Eligible Referrer (as defined below) and Eligible Referred Customer (as defined below) upon verification by Aspire that a qualified referral has taken place.

4.4 Referrers must respect the spirit of the Referral Promotion by refraining from engaging in dishonest practices, including but not limited to creating fake accounts or harassing potential referral sources.

5 ELIGIBILITY FOR REFERRAL PROMOTION

5.1 The Referral Promotion is void where such referral promotions are prohibited by any law, regulation or rule of any authority having jurisdiction over Aspire.

5.2 To qualify for the Referral Promotion as a Referrer ("Eligible Referrer"), you must:

5.2.1 Open a Business Account and be issued an Aspire Card;

5.2.2 Have your Business Account opened and Aspire Card approved during the Referral Promotion Period;

5.2.3 Be invited to participate in the Referral Promotion by Aspire; and

5.2.4 Have your Business Account and Aspire Card in good standing with Aspire during the Referral Promotion Period.

5.3 To qualify for the Referral Promotion as a Referred Customer ("Eligible Referred Customer"), you must:

5.3.1 Not have an existing Aspire Account at the time of the referral;

5.3.2 Have been validly referred, in good faith, by an Eligible Referrer of good standing;

5.3.3 Apply for your Aspire Account and Aspire Card and have them approved under the Referral Promotion during the Referral Promotion Period; and

5.3.4 Make one purchase transaction, with a minimum invoice amount of S$5.00, on your new Aspire Card after being referred by the Eligible Referrer.

6 GENERAL TERMS REGARDING ASPIRE CARD PROMOTIONS

6.1 Aspire reserves the right to deduct, withdraw or cancel any cashback or referral reward awarded to you (including by deducting the referral reward from your Business Account) without liability in the event the cashback or referral reward was credited to your Business Account erroneously, or if it was later found that any of the eligibility criteria had not been satisfied. You will not be entitled to any payment or compensation whatsoever in respect of such deduction, withdrawal or cancellation.

6.2 Aspire's decision on all matters relating to the Cashback Promotion and the Referral Promotion shall be final.

6.3 In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the Business Account or Aspire Card, these terms and conditions shall prevail insofar as the subject matter is the Cashback Promotion or the Referral Promotion.

6.4 Aspire may vary these terms and conditions or suspend the Cashback Promotion and/or the Referral Promotion without any notice or liability to any party. This includes, but is not limited to, changing the percentage of cashback or amount of referral reward.

6.5 By participating in the Cashback Promotion and/or Referral Promotion, you consent under the Singapore Personal Data Protection Act (Cap 26, 2012) to the collection and use of your personal data by Aspire, and the disclosure of your personal data by Aspire to such other third party (including Aspire’s related entities, payment intermediaries, agents and the relevant qualifying merchants) as Aspire may reasonably consider necessary for the purposes of the Cashback Promotion and the Referral Promotion.