Use These 6 Credit Cards To Pay For Your Grab Rides In 2020

|Posted by | Credit Cards, Deals and Promotions, Save Money
Tags: , , , , , , ,

Save more on every Grab ride you take when you pay with these 6 credit cards.

Editor’s note: Card offers and rates are subject to change by the issuing bank at any moment. This article was last updated in June 2020.

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 Grabber, 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, miles or reward points 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 6 credit cards on the market for Grab rebates or rewards.

Best Credit Card For Grab Rides 2020
REBATE TYPE CREDIT CARD REBATE MIN. SPEND REQUIRED MONTHLY CAP
Cashback UOB One Additional 5% rebate (up to 10%) on all Grab transactions From $500/month for the quarter Depends on tier
Cashback OCBC 365 3% cashback on local and overseas rides $800/month $80
Cashback UOB YOLO 8% cashback on Grab rides (weekend)
3% Cashback on Grab rides (weekdays)
$600/month $60
Air miles Citi Rewards Card 4 miles per dollar None None
Air miles Maybank Horizon 3.2 miles per dollar $300/month 12k miles
Air miles American Express credit cards 3.1 – 3.2 miles per dollar None $200

UOB One Card: Up to 10% rebate on all Grab transactions

If you’re worried about your GrabPay top-ups not contributing to your eligible Grab spend, the UOB One takes away that headache for you.

Pay with this card and earn an additional 5% rebate on ALL Grab transactions, not just rides!

Rebates for the UOB One card work a little differently: rewards are awarded on a quarterly basis and in a lump sum. This is why most reviews out there will recommend that you try to hit your minimum spend just right, because any amount above that won’t earn you more rebates.

There is a different minimum spend required for every month of the quarter to qualify for their different rebate tiers.

Tier 1: If you spend at least S$500/month with a min. of 5 transactions every month for the whole quarter, you’ll earn $50 cash rebate for that quarter. This works out to around 3.33%.

Tier 2: If you spend at least S$1,000/month with a min. of 5 transactions every month for the whole quarter, you’ll earn $100 cash rebate for that quarter. This also works out to around 3.33%.

Tier 3: If you spend at least S$2,000/month with a min. of 5 transactions every month for the whole quarter, you’ll earn $100 cash rebate for that quarter. This works out to around 5%.

When you’ve hit the minimum spend for these tiers, any Grab transactions charged to your UOB One card will earn you an additional 5% rebate, earning you up to 10% if you’re a heavy Grab user.

Welcome Offer: Receive S$150 cash credit if you are among the first 100 successful applicants to make a min. spend of S$1,500 within 30 days of card approval. Valid till 31 May 2021. T&Cs apply.

UOB One Card

Return to top


OCBC 365 Credit Card: 3% cashback

If you’re a frequent traveller and regularly take Grab rides on overseas trips, you’ll love that the OCBC 365 Credit Card offers 3% cashback on all local and overseas private hire rides and taxis (whether it’s Grab, Uber, ComfortDelGro or more).

You’ll even receive complimentary travel insurance of up to S$500,000 when you charge your round-trip tickets to your card!

Don’t forget, this card also gives 6% cashback on local and overseas dining and food delivery, and 3% cashback on groceries – as long as the stipulated minimum spend is met.

SingSaver promotion: Get S$100 GrabFood vouchers upon approval for new OCBC credit cardholders when you apply for the OCBC 365 credit card by 7 February 2021. Existing OCBC credit cardmembers who apply for this card will still receive S$50 GrabFood vouchers if you are the first 1,000 existing OCBC cardmembers to spend at least S$300 on the card by the end of the next month following card approval date.


UOB YOLO Card: 8% cashback on Grab rides

Receive up to 8% cashback on Grab rides during the weekend, and 3% cashback on weekdays.

Do note the 8% cashback also applies to all online shopping, dining and entertainment spend and that you need to spend a minimum spend of $600 on the card before you qualify for the above rates. Total cashback from all spend is also capped at $60 per month so remember to budget your spend per category.

Welcome Offer: Receive S$150 cash credit if you are among the first 100 successful applicants to make a min. spend of S$1,500 within 30 days of card approval. Valid till 31 May 2021. T&Cs apply.

UOB YOLO Credit Card

Return to top


Citi Rewards Card: Earn 4 miles per dollar

The Citi Rewards card earns you 10X Rewards (4 miles per dollar) on rides with Grab, ComfortDelGro and Gojek. This makes it a handy miles card to have in your wallet to pay for all your cab rides.

Besides using the Citi Rewards Card for your Grab rides, you can also earn 10X Rewards (4 miles) on online and retail purchases. This includes popular e-commerce stores such as Lazada, Qoo10, TANGS and more. Do note that 10X Rewards is capped at 10,000 Points per statement month on Qualifying Charges made at Eligible Merchants.


SingSaver exclusive promotion: Get a Dyson AM07 tower fan (worth S$499) or S$350 cash via PayNow when you apply and make a qualifying spend of $200 within 30 days of card approval. Existing cardmembers receive $30 cash via PayNow. Valid till 9 May 2021. T&Cs apply. Pick your Citibank card here!


Citi Rewards

American Express Credit Cards: Earn 3.1 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 3.1 KrisFlyer miles per S$1. Offer is capped at the first S$200 spend in each calendar month, but that’s still 660 miles earned per month.

Return to top


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 S$1 on Grab taxi rides, but also on dining, petrol and selected Agoda hotel bookings. Do note there’s a required minimum spend of S$300 per month, and there’s a maximum cap of 12k miles per month.

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. 


Welcome Offer: From now till 30 June 2021, get S$100 cash credit when you apply for one of seven participating Maybank credit cards (for new Maybank cardmembers only) and a CreditAble account. 

To earn this reward, you will have to make a min. spend or withdrawal of S$250 for the first two consecutive months upon card approval. Terms and Conditions apply.

Read these next:
Food Delivery Promo Codes 2020: GrabFood, Deliveroo, Foodpanda, WhyQ
Cashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You?
6 Credit Cards You Should Use as Your EZ-Link Card
OCBC Titanium Rewards Card: One Shopping Card You’ll Want In Your Wallet
6 Credit Cards Which Give Free Access to Airport Lounges


By Alevin Chan
An ex-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 optimise happiness and enjoyment in his life.