Friday, April 17, 2015

Public Transport made Interesting - LTA's scheme to manage morning peak crowd

(Image credits to its owner)

Taking the train to work every morning?? Read on.

Travel Smart Rewards - Earn rebates while doing (really) nothing when you travel on trains

It has been about 1.5 months since I joined Travel Smart Rewards - TSR (www.travelsmartrewards.sg).

In brief, this programme is LTA's move to encourage people to adjust their travelling schedule and move out peak period and into the less peak period. You get points for every km travelled. The incentive is that when you travel in one of the less peak period they designate (they call it decongesting period), you get your points multi folds to up to 8X. These points can either be used to redeem for cash at a very low rate: 1000 points = S$1 or they can be used to play their Spin to win game and win cash along the way. 1000 points can win you a few dollars (up to $200 as the say) depending on your luck. [You can set it in your settings page -See below]

(Screenshot from www.travelsmartrewards.sg)

The amazing thing about this is that there is an automatic spin feature which they will help you play the game every week and what you need to do is really NOTHING except to wait for the winnings to come in, and they will email you every week if you have a $1 or more winning(s).  Even crediting the cash out of the programme doesn't take you any effort. They will just credit your winnings into your EZlink card which you can use to offset your future trips.

(Screenshot from www.travelsmartrewards.sg)

I am not sure if I can be considered lucky compared to others out there who has been using this scheme but to have a rebate of $8 for 1.5 months into the programme, I am rather pleased. Of course, I travel a considerable distance from home to my work (about 20km) and I travel at the time the TSR people encourages us to travel every week day (ie: 8:45am to 9:45am), hence i believe I get more points than many people. 

As comparison, my sis whom I encouraged, has enrolled herself into this programme. She also travel 20+km everyday but she doesn't have the opportunity to travel many times in the decongesting period, hence her points is much less. Her winnings is about $2 for about a month of travel. Actually that's not bad at all in terms or rebates. Here's why:

Considering credit card rebates which is one of the other programmes which give you rebates back from your spendings on public transport. Citibank SMRT credit card gives $0.60 rebate but charges you $0.25 transaction fee for every auto-reload of $30 (default I think). Hence, the net rebates is $0.35. On a $90 or 3 reloads basis, the rebates for the month is $1.05. 

Hence even if winnings is $2 from TSR, the rebates is already double of what the credit cards are offering. What's more, the money savvy people will register and use their Citibank SMRT cards into the TSR programme and earn rebates from both sides. (It's allowed)

So start register yourself into the programme and start earning the rebates. Anyway, all the effort you need is the registration process and everything afterwards is automatic - no effort required.

(This is not a sponsored post and I just want to share my experience on something that's I feel is beneficial to me and I would like you, my readers to know about it and take advantage of it)

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