Switching between apps and stores, finding different coupons, and checking payment options to find the most beneficial options — sounds like you? Well, we are all alike. And who does not like saving while buying? But now, forget saving; you can even earn AED 10,000 while spending!
Sounds too good to be true?
Dream Draw by Payit, powered by First Abu Dhabi Bank (FAB), is turning it into reality every month! Wanna win AED 10,000? Read on to know how.
Payit is bringing Dream Draw, where Payit users stand a chance to win AED 10,000 if they meet certain criteria. It is a monthly draw. You get a chance to win every single month if you qualify.
How to qualify to enter the Dream Draw? All you need to do is be a fully KYC-verified Payit or Payit Plus user and fulfill minimum balance requirements. You must maintain the Monthly Average Balance (MAB) of AED 1,000 in the Payit wallet. Upon fulfilling these conditions, you’ll get one entry into that month’s raffle draw.
You earn additional entries for every additional AED 1,000 MAB. So, if your MAB for that month is AED 3,000, for example, you get 3 entries to the draw, and thus, a 3X chance to win.
MAB will be calculated by dividing the total of the daily EOD balance in that month by the number of days. So, even if your balance falls below AED 1,000, you can still qualify if you average out that with a higher balance on other days.
Let’s take an example to simplify things.
Let’s say you keep the balance of AED 1,100 for the first 10 days of June.
For the next 10 days, the balance drops to AED 600.
Your total daily EOD balance for the first 10 days will be 1100×10=11000.
Your total daily EOD balance for the next 10 days will be 600×10=6000.
So, your total daily EOD balance for 20 days is 17,000.
But you need a total 1000×30=30000 daily EOD balance for a month of 30 days to qualify.
You are on the 20th day, wondering if you’ll be able to qualify.
Well, you still have the chance to make up for the low balance kept for 10 days.
For the next 10 days, you need a total of 30000-17000=13000 daily EOD balance.
So, to qualify, you need at least 13000/10=1300 balance daily for the next 10 days.
If you fail to maintain that, you are disqualified.
Maintain that, and become eligible for entry into the Dream Draw.
Once you get the gift voucher, you can use it via the Payit wallet. You can’t transfer it to someone else. Also, you can’t encash it or exchange it for other credit. You’ll get a specific time limit at the time of issuance. Within which, you have to use up that gift voucher.
The Dream Draw is just one offer we’ve talked about here. Payit also provides countless offers on buying groceries, furniture, luxury items, travel bookings, jewelry, and more. You can pay educational fees, bills, domestic help, friends, or transfer money. You can also request payment from someone using their contact name through the app.
If you need instant cash in case of an emergency, onDemand Payit got you covered. If you’re a low to mid-income earner in the UAE, getting access to traditional credit is difficult. Also, it demands high interest at times. And when you’re facing an emergency, running through all these formalities is daunting. onDemand Payit is a small, quick cash you can get directly in your Payit wallet, without any paperwork.
It costs you only a fixed fee based on the amount you ask for. No whopping interest. No long queues. No lengthy credit checks. If you earn less than AED 5,000 in the UAE, it is the best option for your short-term needs.
Expenses are a never-ending loop. The more you spend, the more needs arise. Having extra money is always welcome. And when you can earn AED 10,000 by just keeping your money in a wallet? That’s a deal to grab ASAP! Learn more about Payit mobile wallet app. Wishing you a lucky win!