Nets, following the trend of the EZ-link, has decided to charge a non-refundable $5 for each CashCard. Since this policy is to kick in from 1st May 2008, many people are rushing to get their CashCard, resulting in a temporary repletion of the cards. If this were to persist, one can’t help but wonder if this is going the path of the rice and fuel.

THE rush is on for the cheaper $7 Nets CashCard while stocks last.

Petrol kiosks and convenience stores island-wide report brisk sales of the blue butterfly-designed CashCard in the last three weeks, with some outlets running out of supplies.

This comes on the heels of the electronic payment provider’s announcement in late March that it would start charging consumers a non-refundable $5 for its new orange laser-designed CashCards from May 1, bringing the total price to $10 per card, inclusive of $5 in stored value.

Now, consumers only pay a refundable $2 deposit on each $5 card. Since the cards were technically ‘free’, the deposit is to encourage consumers to return the cards – which have a five-year life span.

Twenty of the 25 stores contacted by The Straits Times reported a rise in blue CashCard sales, some by as many as seven times more. At least four stores had run out of the cards completely.

Article obtained from on 18th April 2008

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