Guide To Using OCBC STACK Rewards – Is that this Loyalty Programme A Worth Joining And taking advantage of?

Reward points are like currencies, they are unique and various from each other, and to manage different reward points can also be a hassle.

But what if you can exchange or trade them with different reward points much like how you exchange for any different currency?

Enter the OCBC STACK Programme. Launched in September 2021, STACK is a multi-partner loyalty platform that enables members to consolidate their reward points in a single platform, and it includes two major features:

Points Exchange allows members to trace, exchange and redeem across participating rewards in one portal.

Marketplace offers discounted deals or special promotions for members.

We let you know that STACK works below.

Points Exchange

As mentioned earlier, Points Exchange works just like a marketplace for trading and exchanging of points across participating rewards programme.

Currently you will find 5 reward partners taking part in STACK programme, offering 7 different reward programmes for exchange via the platform.

Points could be traded and exchanged across different programmes, with the exception of OCBC$, where the points are only able to be exchange to other rewards, although not the other way around.

To convert what exactly, members will be required to select the rewards that they like to transform using “from” and “to”, and also the platform will indicate the number of points you will receive in the exchange. The world's your oyster to the quantity of transfers one can make, and also the conversions are made real-time.

A 2% admin fee of the total value of the outgoing rewards points will be charged for every exchange transaction, with a minimum and maximum cap around the admin fee per transaction.

STACK Marketplace

Another feature STACK offer is industry.

STACK Markplace is definitely an online catalogue for deals and rewards, and it carries an assortment of deals, for example discounts on drinks and food, shopping, travel as well as entertainment.

Members can use either their rewards points or their credit/debit card to redeem or purchase the deals.

Vouchers are issued electronically via SMS, which will make you a distinctive URL link. For redemption of vouchers at retailers, the voucher ought to be presented when prepared to pay at the cashier, while redemption at e-commerce retailers is by way of entering the voucher number in the payment checkout.

What You Need To Take Note Prior to signing Up

Signing up for a STACK account is free-of-charge and is open to anyone with a valid Singapore mobile number.

To start using STACK Points Exchange, you will need to be enrolled into a minimum of two participating rewards programme. As each partner programme has its own group of login credentials, you will have to verify each account individually.

For STACK Marketplace, do observe that there is no option to redeem deals utilizing a mixture of reward points and funds for now.

In general, STACK provides users a platform to trade their points for attractive promotions, in order to their exchange points in one programme to another, giving users the flexibleness to decide the way they desire to use their points.

In addition, STACK also enables users to use every point in their enrolled programme. Instead of the usual programmes where redemption is performed in multiples of 10 or 100, STACK allows users to redeem or exchange 1 point, subject to a minimum exchange.