On April 7, 2019, I had written about various money transfer and remittance options from the UAE. I had discussed the size of remittances from UAE and the pros and cons of each option. Further, I had mentioned how exchange houses dominate the remittance market in UAE.
UAE Exchange – one of the exchange houses – is fast emerging as one of the leading providers of remittance services out of UAE. Transfers to currencies such as Indian Rupee, Pakistani Rupee and Phillipine pesos are done at minimum charges. And the exchange rates are one of the most competitive you will get.
Get Cashback on Remittance with UAE Exchange
In addition to the above, UAE Exchange frequently has cashback offers on remittance. Previously, it had multiple cashback offers and promotions during the World Cup Cricket.
The premise is simple. You need to remit above a threshold to get the cashback. This is usually in form of a voucher by Yougotagift.
The present promotion is valid till November 20, 2019 and is called ‘Double Treats’
There are four incremental steps to get the cashback
- If you are a new customer to UAE Exchange, you get AED 100 voucher on your first transfer (of over AED 1,000). You may use my referral link for this.
- For the fourth transfer you make (all above AED 5,000), you receive voucher worth AED 100
- For the eighth transfer you make (all above AED 5,000) you receive additional AED 100 voucher
- Finally, if you transfer more than AED 50,000 within the offer period, you receive voucher worth AED 800
Remember to use the offer code ‘TREATS’ to be eligible to earn the vouchers.
The present offer is not as good as the one launched earlier in the year. However, this is expected.
If you are a new customer, you can get vouchers of AED 800 for a transfer of AED 50,000. This means an effective cashback of 1.6%. This is impressive for remittance given UAE Exchange’s competitive exchange rates.