Saving & Spending
Buffed and Nerfed: More GrabRewards Points for GrabPay Wallet and Card; Less for Credit Card Payments
By Sethisfy  •  January 31, 2021
From 22nd March, Grab is making some changes to GrabRewards. Good news first: GrabPay Wallet and Card transactions would earn up to 6 points per dollar, up from 4 points. Bad news? Credit card payments for rides and food deliveries are down to 2 points per dollar, down from 4 points. Differences between paying from GrabPay Wallet and credit card Grab rides, GrabFood/Mart etc When you take a Grab ride or order food delivery, you are given the choice to pay from your GrabPay Wallet, or charge it directly to your credit card of choice. Most cards do not give rewards when you top up your GrabPay wallet, with a few exceptions such as Amex True Cashback card. FRANK’s 6%? Nope. DBS Woman’s World Card’s 4 miles per dollar? Excluded for Grab top-ups. Charging rides and GrabFood orders directly to your card, however, lets you enjoy the high earn rates these and other credit cards offer....
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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