The usefulness of GrabPay and GrabPay MasterCard has been on a clear downward spiral since late last year:
- 16th Dec 2019: AXS blocks all payment via GrabPay and GrabPay MasterCard
- 18th Dec 2019: Mastercard reclassifies Grab top-ups, excluding Mastercard cards from getting rewards
- 1st Mar 2020: Amex to stop giving miles for Grab top-ups (cashback is still applicable)
- 2nd Mar 2020: GrabRewards nerfed (from 10 to 4 points per dollar spent)
- 16th Mar 2020: UOB One stopped giving cashback on Grab top-ups
We can add one more final nail to the coffin with the newest bullet point:
- 17th Jul 2020: Visa reclassifies Grab top-ups, excluding Visa cards from getting rewards
For the uninitiated, Grab top ups have been excellent for two main reasons: firstly, conditional cards used to give high cashback/miles when you topped up your Grab account. You can then spend these credits anywhere, thus bypassing the pesky conditions high earn rate cards tend to have. This allows the...