HomePay Sign Up Promotion:
Here’s what you get:
- $200 off project admin fee for your first project (code: IDREFERRAL)
- Additional $500 off your FIRST renovation project (code: 500FIRST)
- Extra S$50 off for IJUSTTRYLAH subscribers (code: IJUSTTRYLAH)
That’s a total of potentially $750 in savings off your Home Renovation bill as all codes are stackable!
How to use the Promo codes:
I recommend that you apply all promo codes to your project before signing contract, and you should see these discount reflected in your overall project value. But all discounts will be only applied to your final tranche payment. All promo codes are valid for your 1st renovation project.
Means, if total project value is S$100K:
Tranche 1: S$50K, Tranche 2: S$20K, Tranche 3: S$30K
In your app, you will see your project value being S$99,250 after application of promotion codes. However, tranche 1 payment will remain as S$50K, tranche 2 payment will be S$20K and tranche 3 (final tranche) will S$29,250 (discount applied here).
Exclusive “IJUSTTRYLAH” discount (code: IJUSTTRYLAH)
- No minimum project value required.
$200 Project Admin Fee Waiver (code: IDREFERRAL)
- No minimum project value required.
$500 HomePay Voucher (code: 500FIRST)
- Minimum project value of S$35,000
Managing your finances and your home renovation project can be very stressful, but what if there’s an app that can help you manage your project while ensuring that payments are done in a manner that protects both you and your ID or contractor’s interest? Here’s the thing: we want to make sure that the money we have saved for so long for our dream home will be secured and we are well-protected from any unforeseen circumstances during the renovation process! While the ID or contractor also wants to make sure that they are promptly paid for the work done. But fear not—this app is able to do just that!
Overview:
HomePay is Singapore’s 1st renovation escrow payment mobile app that streamlines secure payments for home renovations. It acts like a safe by holding onto the homeowner’s money until the project progresses according to agreed-upon stages/ milestones. This protects both homeowners, who are assured their money is secure, and interior designers, who receive payment as they complete milestones. They even have HomeProtect to ensure that in the unlikely event of the foreseen cessation of your ID firm or contractor, the work can be promptly completed with a secondary vendor with the remaining funds.
Why choose HomePay?
Their main goal is to provide homeowners with a more dependable and safe solution, given the yearly rise in reports of renovation scams and businesses closing unexpectedly in the middle of projects. HomePay keeps payments in escrow until the job is finished, allowing homeowners to make incremental payments in line with the renovation’s progress. This guarantees that the renovation deliverables will be delivered efficiently.
What’s in the App?
- An in-app directory of verified IDs where you can browse to find the perfect and suitable ID for your home renovation- there is a detailed description of the ID firm for you to check their projects, history, and accreditations. You can also ask your ID or contractor to sign up for an account! All they will need is their Director IC, ACRA & bank statement to get onboard.
2. A renovation checklist to keep track of your home renovation journey/
3. In-app wallet wherein your payments are securely safe kept
What is the payment process and how will I be assured that my payment is protected?
You can easily add funds to your Homepay wallet via bank transfer (free) or credit card (2% fee applies). Your funds directly go into a DBS custodian account and will only be released upon your approval. You can rest assured that even the Homepay team doesn’t have access to your funds. Your funds are safely secured in escrow and will only be released upon your approval after completed works. This in-app wallet is also MAS approved.
How does it work?
Step 1: Getting Started
- Download the app from Apple Store or Google Play Store
- Sign up for an account via Singpass
2. Key in IJUSTTRYLAH to receive extra S$50 off, on top of the S$500 + S$200 off your renovation project
3. Search in the directory to choose your preferred ID or have your own preferred ID to register for an account
Step 2: Connect
- ID creates project by uploading project details and progressive payment milestones for your (homeowner) approval
- Highly recommended that you apply all promo codes before signing the contract so that you can see the discounted project value and ensure that you got the discount
- You will then review and sign the official agreement, which will also be uploaded onto the app
Step 3: Start Renovating
- You will top up your Homepay wallet to make the first payment, which is held in escrow by DBS custodian account
- Then, the ID can now start with the renovation project!
What are the best credit cards for HomePay?
Homepay’s MCC is coded as 5734.
Miles Card | Earn Rate | Min Spend | Spend Cap | Notes |
4 miles per dollar | No Min Spend | S$1k per statement month | ||
4 miles per dollar | No Min Spend | S$1.5k per calendar month | ||
4 miles per dollar | No Min Spend | S$1k per calendar month | ||
 Updated: MCC 5734 is excluded from UOB Cards |
Even though you would incur a 2% credit card fee, the 4 miles per dollar or 5% cashback would be well worth it. You can optimise your miles or cashback by the following steps.
Step 1: Determine the tranches and the estimated time between each payment
Let’s use this example from HomePay website:
Tranche | Payment Amount | Payment Date |
Tranche 1 | S$15,200 | January |
Tranche 2 | S$22,800 | February |
Tranche 3 | S$22,800 | March |
Tranche 4 | S$15,200 | April |
Step 2: Know the spending cap of your credit cards and pre-top up HomePay within those caps.
Card | Top Up Amount | |
Tranche 1 (S$15,200) Payment to be made on 1st September | ||
Top-up Made in August | Citi SMRT | S$12,000 |
Citi Rewards | S$1,000 | |
DBS Woman's World Card | S$1,500 | |
HSBC Revolution | S$700 | |
S$15,200 | ||
Tranche 2 (S$22,800) Payment to be made in 30 November | ||
Top-up Made in September, October, November | Citi Rewards | S$1,000/month x 3 months = S$3,000 |
DBS Woman's World Card | S$1,500/month x 3 months = S$4,500 | |
HSBC Revolution | S$1,000/month x 3 months = S$3,000 | |
Updated: MCC 5734 is excluded from UOB Cards | ||
S$22,800 | ||
You can plan accordingly for the next few tranches.
Tranche 3 – S$22,800 (Payment to be made in Dec)
Tranche 4 – S$15,200 (Payment to be made in Jan)
This guide will allow you to maximise your HomePay payments with your credit card. Imagine getting 4 miles per dollar on S$52,000 of your home renovation project? That’s a pair of business class return flight tickets to Tokyo on Singapore Airlines for you and your partner. The 2% fee would amount to about S$1,040 in exchange for 4 miles per dollar. With return economy flights on going for S$500-S$700 currently, it is an exceptional value to pay S$520 (S$600+ max if we include credit card transfer fees) for a business class flight experience.
In summary, what’s not to love?
Renovations can be a rollercoaster, but what if you could enjoy the ride? HomePay takes the stress out of payments, ensuring both you and your interior designer are protected throughout the project.
Is it worth using? Yes!
- Reduced Risk: Escrow payments minimize the chance of scams or unfinished projects.
- Peace of Mind: Track progress and approve payments securely within the app.
- Reward Yourself: Maximize your HomePay payments with credit cards and earn miles towards dream vacations.
- Confidence in Every Step: HomeProtect ensures project completion even if your ID or contractor encounters unforeseen circumstances.
? Check out my TikTok video to learn more on how HomePay can help you make secure renovation payments effortlessly!
You can download HomePay today on Apple or Google Play Store!
HomePay Sign Up Promotion:
Here’s what you get:
- $200 off project admin fee for your first project (code: IDREFERRAL)
- Additional $500 off your FIRST renovation project (code: 500FIRST)
- Extra S$50 off for IJUSTTRYLAH subscribers (code: IJUSTTRYLAH)
That’s a total of potentially $750 in savings off your Home Renovation bill as all codes are stackable!
How to use the Promo codes:
I recommend that you apply all promo codes to your project before signing contract, and you should see these discount reflected in your overall project value. But all discounts will be only applied to your final tranche payment. All promo codes are valid for your 1st renovation project.
Means, if total project value is S$100K:
Tranche 1: S$50K, Tranche 2: S$20K, Tranche 3: S$30K
In your app, you will see your project value being S$99,250 after application of promotion codes. However, tranche 1 payment will remain as S$50K, tranche 2 payment will be S$20K and tranche 3 (final tranche) will S$29,250 (discount applied here).
Exclusive “IJUSTTRYLAH” discount (code: IJUSTTRYLAH)
- No minimum project value required.
$200 Project Admin Fee Waiver (code: IDREFERRAL)
- No minimum project value required.
$500 HomePay Voucher (code: 500FIRST)
- Minimum project value of S$35,000
