2025 Card Review: Chocolate Finance Visa (ChocoFin)

Story Update: Chocolate Finance x AXS Drama Unfolding

• Initially, Chocolate Finance updated their FAQ to say:"AXS is no longer accepting the Chocolate Debit Card as a credit card payment mechanism. We are exploring with them to see if we can resolve this."

• Then, AXS released the following statement:"The removal of Chocolate Visa Card as a payment option on AXS was made at the request of Chocolate Finance. We work closely with our partners and have honored their request to implement the change. AXS strives to offer as many payment options as possible and welcomes issuers who wish to use our platform to reach more users."

• Now, Chocolate Finance has subtly updated their FAQ where the previous mention of "exploring with them to resolve" has been removed.

  
  

This is an evolving story, but if I were a betting man, I’d say AXS isn’t coming back. 🚨👀

The Chocolate Finance Card is making waves in the miles-earning space by allowing users to earn miles on almost anything (if your bill provider allow visa payment on their platform)

Chocolate Finance Card: MileWise Card Rating for 2025

☐ Core Card to Use 🔥

☑ Use Only When There Is a Promotion 🎯

☐ Apply Only for Sign-Up Bonus (SUB) 💰

☐ Don't Bother Applying 🚫

MileWise Commentary: With 2 miles per dollar (mpd) on almost all purchases up to S$1,000 per month, this is a fantastic choice for anyone who has bills to pay. Even after hitting the cap, earning 0.4 mpd on all spending still beats getting zero miles elsewhere. The best part? Max Miles never expire and can be transferred to 27 airline and hotel loyalty programs. If this doesn’t qualify as "free" miles, I’m not sure what does.

Not on Chocolate Finance yet? - Use my referral to get a S$5 will be credited to your Chocolate balance!

Not on HeyMax yet? - Get 250 Max Miles as a welcome bonus by using my referral link here.

Key Features of Chocolate Finance Card

• 2 Max Miles per S$1 on the first S$1,000 of spend per calendar month

• 0.4 Max Miles per S$1 on all spend above S$1,000 per calendar month

• No foreign currency fees, making it ideal for overseas spending.

• Minimal exclusions: Earn miles on donations, education, hospital bills, insurance premiums and utilities

• Exclusions: Money transfers or prepaid account top-ups (e.g. GrabPay, YouTrip).

• This is a debit card, which means also need to fund your account before spending. You will earn:

  • 3.3% p.a. on the first S$20,000 (guaranteed)

  • 3% p.a. on the next S$30,000 (guaranteed)

  • 3% p.a. on any amount above that (non-guaranteed)

Who Should Use the Chocolate Finance Card?

• Everyone, really – Surely you have one of these bills to pay?

  
  

Follow These Tips to Maximise Your Miles from the Chocolate Finance Card:

• Max Out the S$1,000 Monthly Cap – Ensure you hit S$1,000 in spend each month to earn the full 2 mpd. This is crucial since HeyMax doesn’t partner with KrisFlyer, so you'll need to accumulate enough points for transfers to alternative programs.

• Leverage No FX Fees – Use the card for overseas transactions and save on foreign currency charges while earning (some) miles. Although, I would recommend checking out "Best credit cards to use for overseas spend".

Final Thoughts: Should You Get the Chocolate Finance Card?

Despite the AXS setback, the Chocolate Finance Card still holds some serious value. Here’s why you should still get Chocolate Finance Card:

✔ You still can earn miles on your bills, if your bill provider allows credit card payment on their website – Some insurers, like GE, allow credit card payment on their website. Most credit cards don’t reward insurance payments, so earning 2 mpd on these transactions is better than nothing.

✔ Zero-Cost Foreign Currency Spending – No FX fees mean you can use this card for overseas spending without paying your typical ~3.25%. Sure, the miles earn rate isn’t stellar, but it is free miles.

To me, I still see a use case of using Chocolate Finance for foreign spending. Chocolate Finance is better then Youtrip (No miles) and Trust Cashback card ( because I value 2 HeyMax miles > 1% cashback)

What’s your take on the Chocolate Finance Card? Let me know in the comments/poll!

Not on Chocolate Finance yet? - Use my referral to get a S$5 will be credited to your Chocolate balance!

Enjoyed this article? Find more tips to accelerate your miles game! ✈️💳

📌 Beginner’s Guide: How should I start my miles journey?

📌 My 2025 Credit Card Strategy for Maximizing Miles 

📌 2025 Beginner’s Guide: The Best 4-6 mpd Credit Cards in Singapore

📌 How much is a KrisFlyer mile worth in 2025? 

📌 Fly to Bali for Free? The Stopover Trick That Gets You 2 Flights for the Price of 1!

Survey: Chocolate Finance Card

Chocolate Finance Card Technical specifications

Quick Recap on HeyMax Miles:

🔹Originally launched as an MCC lookup tool, but it has since evolved into a full-fledged rewards platform.

🔹Think of it as "Shopback", but for miles. Earn Max Miles via Shopping & Travel Bookings with over 500 merchants (Apple, iHerb, Marriott, Shopee, Singapore Airlines, Trip.com, and more).

🔹Convert to 27 Airline & Hotel Loyalty Programs at a 1:1 Ratio, with no conversion fees.

🔹Cannot be converted into Krisflyer or Cathay Pacific.

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