Taking Grab rides has become a daily or at least weekly habit for many in Singapore. It’s convenient, fast (usually!) and most of all, you can book one with a few simple taps on your smartphone. If you’re a serial Grab-ber, learn to maximise your spend with a range of Grab credit card promotions. That way, even if you’re spending a tidy sum on Grab rides every week, you’re still earning — in the form of cashback or miles — something in return.
The first decision to make is whether you prefer cashback or air miles as a form of rebate for each Grab ride. Only then can you figure out what the right credit card is for you. Below is a chart where we compare the best 5 credit cards on the market for Grab promos.
‘I want cash back’
Standard Chartered Credit Cards: Up to 15% cashback
Pay for Grab rides using any Standard Chartered credit card and earn up to 15% cashback on your ride (whether locally or overseas.) Maximum cap is $30 per month, but you’ll have to charge at least S$900 in eligible retail spend for the month.
This offer is valid up till 31 Dec 2018.
Double-dipping never hurt anyone, so if you use the Standard Chartered Unlimited Credit Card to pay for your Grab ride, you’ll earn an extra 1.5% cashback each time.
Citi Cash Back Card: 8% cashback
Still one of the most consistent ways to save on your Grab rides, the Citi Cash Back Card gives 8% rebates on your commutes, capped at $25 per month. You’ll have to spend at least $888 per month to qualify for the 8% rebate.
Don’t forget this card also gives 8% cashback on dining, groceries and petrol for a potential $100 savings per month – as long as the stipulated minimum spend is met.
UOB YOLO Card: 8% cashback on weekends
If you take Grab rides on the weekends, then the UOB YOLO Card will help give you the most savings.
Pay with this card and earn a sweet 8% cashback on your trips.
On any other day of the weekend, the rebate drops to 3% rebate. On the plus side, you only need to spend $600 on this card to earn the bonus cashback, which is capped at $60 per month.
‘I want miles’
American Express Credit Cards: Earn 3.3 miles per dollar
Beef up your air miles account with every Grab ride with the Amex Singapore Airlines KrisFlyer Credit Card.
Pay for your commutes using this card and earn a cool 3.3 KrisFlyer miles per $1. Offer is capped at the first S$200 spend in each calendar month, but that’s still a cool 660 miles earned per month.
Maybank Horizon Visa Signature Card: Earn 3.2 miles per dollar
If collecting air miles while Grabbing your way around town is your thing, consider getting the Maybank Horizon Visa Signature Card.
This mid-range credit card grants a generous air miles earn rate of 3.2 miles per $1 on Grab taxi rides, but also on dining, petrol and selected Agoda hotel bookings.
Along with 2 miles per dollar on air tickets, travel packages and foreign transactions, you’ll be Grabbing to the airport sooner than you think.
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By Alevin Chan
A Certified Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimize happiness and enjoyment in his life.