This Reap New Business Cashback Offer (the "Promotion") is offered by Reap Technologies Limited, a company incorporated in Hong Kong with company registry number 2714427 ("Reap", "we", "us" or "our").
These terms and conditions (the "Promotion Terms") are issued under, and form part of, the Master Services Agreement between you and Reap (the "Agreement"), specifically as a supplement to the Reap Card terms set out in Addendum II of the Agreement. Capitalised terms used but not defined in these Promotion Terms have the meaning given in the Agreement.
If there is any conflict between these Promotion Terms and the rest of the Agreement in relation to the Promotion, these Promotion Terms prevail to the extent of the inconsistency. Except as expressly varied by these Promotion Terms, all other provisions of the Agreement continue to apply to the Promotion, including its provisions on governing law and dispute resolution, notices, amendment and limitation of liability. By taking part in the Promotion, you accept these Promotion Terms.
The Promotion starts on Oct 1, 2026. To participate, a business must receive its first KYB approval on or before Dec 31, 2026, inclusive. All dates and times in these Promotion Terms are Hong Kong time.
Each eligible business has one 30-calendar-day spend window (its "Spend Window"). The Spend Window begins on the calendar date on which KYB approval is granted, inclusive, and ends at 23:59 on the 29th calendar day after that date. A business approved on Dec 31, 2026 retains its full Spend Window, which ends at 23:59 on Jan 29, 2027.
Only Qualifying Spend charged to a Reap Card and recorded by us during the business's Spend Window counts towards the Promotion.
The Promotion is open to Reap Business Account customers who are notified by us that they are eligible and who, at the time we determine eligibility:
(a) receive their first KYB approval for the relevant Reap Account on or after Oct 1, 2026 and on or before Dec 31, 2026;
(b) hold a Reap Account and Card Account that are open and in good standing, meaning not suspended, closed or subject to any default under the Agreement;
(d) are not internal, test or staff accounts; and
(e) have not previously been approved by Reap under any other Reap Account.A business is not excluded solely because it makes a Card transaction on its KYB approval date or before receiving our eligibility notification. Businesses approved before Oct 1, 2026 or after Dec 31, 2026 are not eligible for this Promotion.
Eligibility and Cashback are limited to one award per business. Reap determines eligibility in its sole discretion, and its determination is final.
Eligible customers can earn cashback equal to 5% of their Qualifying Spend during their Spend Window, up to a maximum of USD 200, or the equivalent in their Card Account's Settlement Currency, per business (the "Cashback"). The 5% rate applies to Qualifying Spend until the cap is reached. One Cashback award is available per business for the Promotion.
"Qualifying Spend" means card spending on advertising, software and cloud services charged to your Reap Card during your Spend Window. Whether a transaction qualifies is determined by the merchant category recorded for that transaction at the time it is processed, not by the merchant's name. Examples may include payments to advertising platforms, software subscriptions and cloud-hosting services.
Reap may update the qualifying categories prospectively by updating these Promotion Terms.
Qualifying Spend is measured, and the Cashback cap is applied, in your Card Account's Settlement Currency. Where a transaction is made in another currency, it is converted in accordance with the exchange-rate provisions of the Agreement.
The following shall not constitute Qualifying Spend:
(a) transfers, payments and any spending that is not card spending;
(b) card spending outside the qualifying categories;
(c) transactions that are refunded, reversed, disputed or charged back;
(d) transactions we reasonably consider fraudulent, abusive or made to generate Cashback artificially, including transactions that are not genuine third-party business purchases; and
(e) fees, charges, interest and similar amounts.
At the end of each business's Spend Window, we total the eligible business's Qualifying Spend, apply the 5% rate and apply the cap described in clause 3.
Cashback will be credited in the next monthly payout run after the Spend Window ends and, in any event, within 30 days after the end of the Spend Window. It will be applied against your account balance. Your account must be open and in good standing when the Cashback is due to be credited. If the account is closed, suspended or not in good standing at that time, the Cashback is not payable.
Cashback is not exchangeable for cash and is not transferable, except that it is applied against your account balance as described above.
If a transaction that earned Cashback is later refunded, reversed, disputed or charged back, we may deduct the corresponding Cashback from a future credit or from your account balance, in accordance with the set-off and deduction rights given to us under the Agreement. If we award Cashback in error or in breach of these Promotion Terms, we may reverse or reclaim it on the same basis.
We may amend, suspend or withdraw the Promotion for future participants at any time, in accordance with the amendment provisions of the Agreement. We will update or end related advertising as soon as reasonably practicable.
Unless a change is required to comply with law or regulation, address fraud or abuse, or protect the security or integrity of Reap's services, an amendment, suspension or withdrawal will not shorten a Spend Window that has already begun or reduce Cashback already earned in accordance with these Promotion Terms.
We may disqualify any customer from the Promotion, and withhold or reclaim Cashback, if we reasonably believe the customer has breached these Promotion Terms or the Agreement, abused the Promotion, or acted fraudulently or in bad faith, consistent with our rights under the default and termination provisions of the Agreement.
Any dispute, question or complaint relating to these Promotion Terms, including eligibility, Qualifying Spend or the calculation, crediting or withholding of Cashback, will be determined by Reap in its sole and absolute discretion, and Reap's determination is final and binding.
You are responsible for any tax arising from the Cashback and for reporting it where required. Cashback is provided without any representation by Reap as to its tax treatment.
To the fullest extent permitted by law, and without limiting the liability provisions of the Agreement, Reap is not liable for any loss or damage arising from the Promotion, from any inability to take part, or from any suspension, change or withdrawal of the Promotion, except where such liability cannot be excluded under applicable law.
We handle personal data in connection with the Promotion in accordance with the Agreement, including the Reap Privacy Policy incorporated into it.
These Promotion Terms are written in English. If they are translated into another language, the English version prevails.
(Last updated: 1 October 2026)
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