Customers can instantly earn 375,000 Asia Miles for every HKD500,000 placed as a Time Deposit¹.
Hong Kong, 21 December 2023 – Mox Bank Limited (“Mox”) announced that customers can now earn Asia Miles instantly upon placing a Time Deposit² without waiting until maturity. Mox is the first and only bank in Hong Kong to offer such a reward, allowing customers to use Asia Miles immediately to redeem their flights and lifestyle rewards.
Barbaros Uygun, CEO of Mox, said: “While the travel peak season is around the corner, we are thrilled to be at the forefront of innovation to offer instant Asia Miles reward on Time Deposits. We are here to change the game with this revolutionary feature, allowing our customers to maximise the rewards from their deposits and plan their dream vacations in advance. We are committed to enhancing our products and services to deliver the best experience in digital banking.”
Mox aims to transform the banking experience to be more meaningful for customers by seamlessly integrating lifestyle rewards and benefits into financial products. With initiatives like offering instant Asia Miles reward, Mox is redefining banking and savings in the digital era and giving greater flexibility and convenience to customer needs.
With the industry’s first instant Asia Miles rewards, when Mox customers place a 24-month Time Deposit with Mox, they can earn 375,000 Asia Miles instantly for every HKD500,000, which is eligible for redeeming 5 business class round-trip tickets to Tokyo or 2 business class round-trip tickets to London. Customers can also place up to 5 Time Deposits³ to earn Asia Miles instantly. With the instant Asia Miles earned upon placing a Time Deposit, customers can also enjoy the below benefits:
This announcement follows Mox's recent launch of Upfront Interest Time Deposit Promotion, which provides customers with interest in cash instantly when setting up a Time Deposit. With instant Asia Miles, Mox extends its commitment to transforming the Time Deposit experience and delivering unmatched value to customers.
¹This refers to the amount of Asia Miles that customers can earn instantly after the placement of a Time Deposit with HKD500,000 New Funds with a tenor of 24 months, subject to the Mox Asia Miles Time Deposit Promotion (Dec 2023 – Feb 2024) Terms and Conditions.
²Mox Asia Miles Time Deposit Promotion (Dec 2023 – Feb 2024) Terms and Conditions apply.
³Customers can place a maximum of 5 Time Deposits, each up to HKD1,000,000.
⁵The comparison is based on the price reference of an economy roundtrip direct flight ticket on CX524 and CX509 between Hong Kong and Tokyo (Narita) on Cathay Pacific website for December 20 to 23 2023 as of December 15, 2023. Please note the actual air ticket price is subject to change without prior notice.