[PSA] Up to 49% Discount for Ryde Vouchers

 

Previously, there was a flash sale on Ryde Vouchers that I have posted here.

I explained how we can get about 37-39% discount by having Flash discounts / Bundle Discount + Shop Discount + Platform Discount

However, in the last CEE sale on 25 May, I’ve noticed a slight change in their strategy and I managed to get around 49% discount in total.

The next sale is 6 Jun 23 so let’s keep our eyes open.

Base item Discount

During a sale, the base price of the vouchers will drop 25-26%, and the one with the best marginal discount is normally the $30 Voucher.

At times there might be a bundle discount at the $100 - $120 vouchers so you need to compare first.

Shop Discount

There are only 2 kinds of discount, either the shopee coin cashback or direct $$ discount.

The shopee coin discount will normally be better as it gives about 10% at a certain cap of about 2K coins or 3K coins

This is more generous as it encourages more transactions for shopee

 

While direct $$ discount really depends. I’ve seen cases where more 10% discount was given and I have also used them.

To get the ultimate discount, it would be better to opt for Shopee coins.

 

Platform Discount

 This is similar to the Shop discount, there will be coin cashback or direct discount too.  There will also be a discount for UOB Card payments but it’s typically less than 10%

In this example. I’ve opted for shopee coins in the shop discount, the 10% coin cashback will apply to the same final price and I get the same number of coins.

 

UOB One Cashback

This is something that’s less known, the UOB One X Shopee partnership. Details here

TLDR: Shopee is one of the partners that are eligible for UOB Cashback.

The quarterly cashback applies to all eligible spending so let’s just ignore the rebates from it.

Additional cashback of 5 - 6.67% is given as long as you buy from Shopee.

 

Enhanced cashback is applicable to the same set of partner merchants if you are a new UOB One CC applicant over a 6 mth period.

Full TnC can be found here.

Other things to note:

1)     Cashback is awarded on a quarterly basis

2)     The cap of additional Cashback and enhanced Cashback is $100 each on a per-month basis.
Which is a cap of $2000 @ 5% or $1499 @ 6.67%

In my case, I am still eligible for enhanced cashback, so the total cashback would be 5% + 6.67% = 11.67%.

In Summary

This is the total discount with UOB Additional + Enhanced Cashback:

 This is the total discount with UOB Additional Cashback only:

The final cashback from UOB is substantial as the checkout price wasn’t affected by the shopee coin rebates.

In the end, everyone wins.

Riders get a substantial amount of discount, Ryde gains ridership, shopee and UOB gains more transactions.

Bonus

Head to GPAY > June Lobang> you should see a $6 Ryde Voucher. 

Also if you're new to Ryde, click the referral link here. We both get rewarded with $5 of rydeCoins 

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