Hello,
Talent
Introducing the new Talent Card by LytePay
Sign up for LytePay nowReceived your card? Activate it here.
This is not just another credit card.
No impact on your credit score.
No interest on late repayment.
Instantly access money from your unpaid invoices.
With a LytePay account, your unpaid commissions and invoices are instantly accessible as LyteMoney. Receive your LyteMoney immediately when you use it to top up your Talent Card, and use your Talent Card anywhere that accepts Mastercard.
Track your business expenses like a pro. Never overpay on taxes!
Use your Lyte’s Talent card to pay your home-office rent, marketing costs or a client lunch. Having a dedicated card for your business expenses makes accounting a breeze. Never overpay on taxes again!
Easily control the security features in the LytePay website.
Lost your card? Block your card from the comfort of your bed (but check behind the pillows first!)
Frequently asked questions
About the card
What is Talent Card?
The Lyte’s Talent Card is LytePay’s prepaid card. With it, you can instantly access your outstanding commissions by topping it up and using it at any Merchant that accepts Mastercard (in stores or online).
Is it a credit card or debit card?
The Talent Card is neither, it is a LytePay innovation. A credit card involves borrowing money from the bank, while a debit card draws upon your savings. The Talent Card utilizes your unpaid commissions. It doesn’t affect your credit rating, and you’ll never have to pay interest on ‘late payments’.
Do I need to pay for the card? What are the fees?
It is currently free to sign up for the card! There is a one-time transaction fee of 3.5% to top up your card from your LyteMoney, which is the same as the cashout fee.
Getting the card
How do I sign-up for Talent Card?
You will need to be an ERA agent and have a LytePay account first. If you haven’t sign up, you can do it here https://web.lytepay.co/register. After you’ve verified your identity and CEA, you can proceed to apply for a Talent Card on your dashboard.
Can I enter anything for my preferred name?
There is no restriction to what you choose to be your preferred name, but some merchants may require you to show your ID for verification, so if the preferred name you enter is drastically different from your ID, some merchants may not allow you to use the card.
How long will I receive the card from the day I apply?
It currently takes about 1-2 weeks for you to receive your card, after your application is approved.
Using the card
Can I use Talent card for LTA services like MRT or bus?
Yes you can. Please ensure you have a minimum balance of S$15 in your card at all times. This is a requirement by LTA. Failing that, LTA may ban the card permanently from being used on any LTA services.
Where can I use the card?
You can use the card at anywhere that supports Mastercard payments. Yes, even overseas!
I already have LytePay, why do I need Talent Card?
It makes access to your unpaid commissions even more seamless. Cashout also has a minimum sum of $500, while there is no minimum for the Talent Card. Need to spend $8.99 at Starbucks? Go for it! You can also use the Talent Card solely for business expenses to make accounting and tax deductions a breeze!
What are the benefits of Talent Card?
It gives you access to cash beyond your credit limit with no impact on your credit rating.
What if I lose my card?
You can block your card directly via your LytePay account. Please contact us at support@lytepay.co to enquire about a replacement card.
Can I add and use the card into Apple/Google Pay?
The card cannot be added into Apple/Google Pay at the moment.
Can I get a supplementary card?
Supplementary Talent cards are currently not offered.
Can I use it to pay my bills?
Yes, if your bills can be paid via Mastercard.
Are there any rewards if I introduce it to my friends?
There are no referral rewards, but we do run referral campaigns from time to time. Look out for your emails!
Can I withdraw cash from the card?
No, you cannot withdraw cash from the card. To withdraw cash, cashout via LyteMoney to your bank account.
Can I use it overseas?
Yes, anywhere that accepts Mastercard.
Is it like YouTrip card or EZ-Link ?
It functions similarly as a stored value card.
How do I report a fraudulent transaction
You can directly email support@lytepay.co.
Why do I need to top-up the card?
The card directly draws from your unpaid commissions. Without topping-up, the card has no stored value.
Can I top-down from card to LyteMoney?
No, LyteMoney that has been transferred to the card cannot be reversed.
What’s the card annual spending limit?
Currently, there is a S$30,000 spending limit per year. Please contact us if you need to increase that limit.
Is LytePay licensed?
LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act to provide (i) account issuance service; (ii) domestic money transfer service; and (iii) cross-border money transfer service. Please note that this does not mean you will be able to recover all the money you paid to if LytePay’s business fails.
Are there any other terms and conditions that I should be aware of?
You may refer to our Policy Centre at https://www.lyteventures.com/legal/ to find out more.
Based in Singapore, Lyte Ventures provides financing solutions to freelancers and SMEs around the world. Driven by the desire to empower individuals and businesses alike, Lyte Ventures is committed to create opportunities for everyone through our digital platforms. We hold fast to integrity, empathy, and being future-proof in our strategy, design, and innovation.
Learn more about Lyte Ventures