Third phase of ‘Eat Shop Spend’ scheme approved, offering 20% cashback

By The Nation

 

 

The Cabinet today (November 12) approved the third phase of ‘Eat Shop Spend’ scheme, offering 20 per cent cashback and giveaway of Bt1,000 vouchers, said Finance Minister Uttama Savanayana.

 

The new phase, intended as another stimulus to the economy, will start on Thursday( November 14), he added.

 

However, there will be no giveaway of 1,000 vouchers to the first wallet as in the first two phases. Users will have to top up for their spending to be eligible for the cash-back reward. For purchases under Bt30,000, users will receive 15 per cent cashback, while the portion exceeding Bt30,000 will be rewarded with 20 per cent cashback.

 

There will also be adjustments to the location regulation, limiting the areas of shopping for users. For instance, they could no longer enjoy the privileges in their hometowns as in the previous phases.

 

Registration for the third phase of the scheme is scheduled from November 14 to January 31, 2020.

 

Source: https://www.nationthailand.com/news/30378269

 

-- © Copyright The Nation Thailand 2019-11-12

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15 minutes ago, webfact said:

they could no longer enjoy the privileges in their hometowns as in the previous phases.

Could always drive to a 7/11 in another province.

Cool! I only had to borrow 30,000 to spend but I got 4,500 back. Cool!

I didn't hear much about Phase 2...I'm guessing it didn't fare so well as Phase 1?

Eat Shop Spend '''The trilogy''....

To give credit it looks like 3rd time lucky. Looks more like the annual gift to the rich. 

6 hours ago, RotBenz8888 said:

Could always drive to a 7/11 in another province.

It all depends on how close you are to the provincial border.

19 hours ago, webfact said:

Third phase of ‘Eat Shop Spend’ scheme approved

Economic stimulus schemes are like heavy drinking - you never want to stop because the hangover would kill you.