Spare8 Referral Code

The reward is a draw rather than a rate — its own terms describe scratch cards worth up to a stated maximum, and a draw behaves very differently from a fixed payment.

The reward is described as "scratch cards worth up to ₹1000 in Free Gold", and for the person signing up, "5 slot plays worth up to ₹500".

Those are draws, not rates, and the difference is the whole page. A randomised reward's headline is its maximum, not its expectation. It is possible to put a number on how far apart those usually are, because one randomised referral reward elsewhere in this catalogue had its distribution actually published by the company running it: three quarters of all payouts fell in the bottom band of the advertised range, and the top tier carried a chance of about 2%.

That company deserved credit for publishing the odds — almost none do. Where the odds are not published, as here, there is no way to value the reward at all, and the only rational assumption is the same shape: expect the bottom of the range. Read "up to ₹1,000" as "a small amount of gold, occasionally more", and tell your friend that rather than the headline.

What actually triggers it is the other half of the offer. You earn a scratch card when your friend completes their first Auto-Investment — not when they sign up. An "Auto-Investment" is a recurring commitment to buy gold, so the condition is not merely a transaction but the setting up of an ongoing one. The signup reward — the five slot plays — requires submitting a referral code within the first 7 days of joining, which is a genuine deadline worth passing on. Limits may also change over time, which is a fair warning stated plainly in the programme's own terms.

A word on the vocabulary, because it deserves naming. "Scratch cards" and "slot plays" are gaming language on a savings product. On the facts as described this is a rewards mechanic rather than a game of stake — the test is three questions: can the plays be bought with money? Can playing lose you something you already have? Are the prizes funded by other players' entries? Here the entries are earned rather than bought, playing cannot reduce your gold, and the prizes come from the company's marketing budget. Three noes, so this sits outside the definition of an online money game under section 2 of India's 2025 gaming Act, which turns on a fee, deposit or stake.

The point of naming the vocabulary is different: gaming mechanics on a savings app are designed to make saving feel like winning, and the two are not the same. A recurring gold purchase is a financial decision; a scratch card is a reward for making it. Keep them separate, and do not let the second drive the first.

Now the gold questions, which matter far more than the prize, and which apply to every digital gold app:

1. The buy-sell spread. Digital gold is bought above and sold below the reference price, frequently by a few per cent. On small, frequent purchases that spread is the dominant cost — and it can exceed the value of a scratch card comfortably.
2. Storage. Ask whether custody is free indefinitely or only for a period, and what happens after.
3. Physical delivery. Minimum quantities and making charges usually apply, so "you own real gold" and "you can hold it" are different claims.
4. The regulatory perimeter. Digital gold in India has sat outside the main securities regulator's remit, so the protections you might assume from an investing app are not necessarily present.

And the honest case for the product, which is real. Buying gold in very small automated amounts suits people who want exposure without a lump sum, and automation defeats the same inertia that stops people saving at all. Judge it on the spread and the storage terms — not on a scratch card.