Chocolate Finance¶
Baseline Sources and Facts¶
No official/secondary baseline facts imported yet.
| Field | Values |
|---|---|
| Programme type | other |
| Source layers | official, user_reported |
| Currencies | cash, interest, miles |
Community-Learned Rules and Datapoints¶
Claim 11901 (user verified, risk: low)¶
Chocolate Finance offered a targeted promotion allowing users to convert their earned interest into miles at an equivalent purchase rate of 1.6 cents per mile (cpm).
| Field | Value |
|---|---|
| Status | context-dependent |
| Confidence | medium |
| Source layer | user_reported |
| Merchant | Chocolate Finance |
| Programme | Chocolate Finance |
| Programme type | other |
| Points currency | miles |
| Transfer ratio | 1.6 cpm |
| Devaluation risk | low |
| Last verified | 2026-03-30 |
| Last seen | 2026-03-30T13:00:55+00:00 |
| Observed result | Users confirmed the interest earned from February could be converted to miles at an equivalent rate of 1.6 cpm. |
| Caveat | The offer is targeted and not available to all users, even those with significant balances. |
Claim 15463 (user verified, risk: low)¶
Chocolate Finance calculates daily returns using a compound interest formula assuming a 1-year holding period, resulting in slightly lower daily payouts than a simple interest calculation.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | official |
| Merchant | Chocolate Finance |
| Programme | Chocolate Finance |
| Programme type | other |
| Points currency | cash |
| Devaluation risk | low |
| Last verified | 2024-11-26 |
| Last seen | 2024-11-26T08:47:11+00:00 |
| Observed result | Daily interest received is slightly lower than the simple interest calculation (Rate/365). |
| Public/official layer | Returns are calculated using compound interest assuming compounding over 1 year. |
| Caveat | The advertised rate (e.g., 3.6% p.a.) is only fully realized if the interest is left to compound for a full year. |
Chocolate Finance: via Chocolate Finance to DBS (exception, user verified, risk: medium)¶
User reported that chocolate Finance withdrawals under $20,000 are normally instant, but can experience delays or get stuck when withdrawing to DBS/POSB due to connection issues between the platforms.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | Chocolate Finance |
| Route | Chocolate Finance to DBS |
| Programme | Chocolate Finance |
| Programme type | other |
| Devaluation risk | low |
| Last verified | 2024-11-24 |
| Last seen | 2024-11-24T13:37:09+00:00 |
| Observed result | Withdrawal was stuck for hours due to connection issues between Chocolate Finance and DBS. |
| Public/official layer | Withdrawals under $20k per day are normally instant. |
| Caveat | Delays can occur particularly on weekends, and no returns/interest are earned on the pending amount while the withdrawal is stuck. |
Chocolate Finance (exception, user verified, risk: medium)¶
User reported that in Chocolate Finance, if your total balance exceeds S$20,000, any negative returns incurred on the amount above S$20,000 can be deducted from the returns of the first S$20,000.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | user_reported |
| Merchant | Chocolate Finance |
| Programme | Chocolate Finance |
| Programme type | other |
| Points currency | cash |
| Devaluation risk | low |
| Last verified | 2024-10-30 |
| Last seen | 2024-10-30T04:11:09+00:00 |
| Observed result | Negative returns on amounts above $20k are deducted from the returns of the first $20k. |
| Public/official layer | Target return for amounts above $20k is 3.5% p.a. but actual daily return may fluctuate and be negative. |
| Caveat | It is recommended to keep the balance at or below S$20,000 to avoid this deduction |
Claim 18758 (risk: low)¶
The Chocolate Finance Visa Debit Card allows spending directly from the invested balance (earning 3.6% p.a. on the first S$20,000) with no FX or annual fees, but does not support Apple Pay, Google Pay, or ATM withdrawals.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | official |
| Card | Chocolate Finance Visa Debit Card |
| Programme | Chocolate Finance |
| Programme type | other |
| Points currency | interest |
| Miles / points | 3.6% p.a. |
| Devaluation risk | low |
| Last verified | 2024-10-14 |
| Last seen | 2024-10-14T05:11:28+00:00 |
| Public/official layer | 3.6% p.a. on first S$20k, no FX fees, no annual fee, no Apple/Google Pay, no ATM withdrawals. |
| Caveat | Apple Pay, Google Pay, and ATM withdrawals are not supported. |
Claim 18751 (risk: low)¶
The Chocolate Finance Visa Debit Card allows spending up to S$20,000/day directly from the invested balance (earning 3.6% p.a. on the first S$20,000) with no FX or annual fees, but lacks Apple/Google Pay support and ATM withdrawal capabilities.
| Field | Value |
|---|---|
| Status | active |
| Confidence | high |
| Source layer | official |
| Card | Chocolate Card |
| Programme | Chocolate Finance |
| Programme type | other |
| Points currency | interest |
| Miles / points | 3.6% p.a. |
| Fees / surcharges | No FX fees, no annual fee |
| Devaluation risk | low |
| Last verified | 2024-10-14 |
| Last seen | 2024-10-14T05:11:28+00:00 |
| Public/official layer | 3.6% p.a. on first S$20k, no FX fees, no annual fee, no Apple/Google Pay, no ATM withdrawals |
| Caveat | No Apple Pay, Google Pay, or ATM withdrawals supported |