Earlier this week, Grab officially announced its GrabPay Mastercard. It is available to all Grab users.
What is Grabpay Mastercard (GPMC)?
The GrabPay Card is a prepaid Mastercard debut card that is funded by your Grabpay Balance. The digital card is free and is immediately available once you apply on your Grabpay App; while application for the physical card is currently free until 31 January 2020, after which a fee may apply. A s$10 replacement fee is applicable if you lose your physical card.
How it can help us save?
I am a huge user of Grabpay. The main reason is because I can earn outsized cash rebate of at least 5% when used in tandem with UOB One Card. UOB one card has a tie up with Grab in which if you spend $500 per month with UOB One card in 3 consecutive months in a quarter, you get an additional 5% rebate