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Grab To Slash Rewards For Rides, Food Delivery And Shopping

Geralyne Ong

Looks like all good things eventually come to an end. Grab is reportedly set to reduce the amount of points you can earn per transaction and increase points needed to claim rewards from March 2, 2020, onwards. 


Currently, a Platinum Grab user can earn up to 10 points for every $1 spent at a retail store. Sadly, starting March 2, 2020, that is all set to change. There will only be one point system regardless of the purchase, and all cash purchases will no longer earn you any points. This means that the same Platinum Grab user will only earn 4 points for every $1 spent. That’s a whopping 60% reduction.

Apart from earning lesser points per transaction, the amount of points needed to exchange for vouchers and other rewards is set to increase. A $5 Grab voucher currently costs between 1,900 to 2,200 points, depending on your earned tier. With the revision, a $5 Grab voucher will cost you 2,500 points – that’s a 300 point difference and could mean an additional spend of $150 (based on a green membership). 

Even as the changes wait to be rolled out, we share a list to show you how they will affect you. 

Rides

If you have been paying your Grab rides with cash, this might be a good time to rethink your choice. When March 2 rolls around, you will no longer earn any points for cash transactions (le sigh!). You will only earn points if you are paying for your ride through GrabPay or GrabPay Mastercard. Even then, the amount of points you stand to earn per $1 spent will also be reduced rather significantly.

Membership Type Current Point System Revised Point System
Green 3 2
Silver 3 2
Gold 4.5 3
Platinum 6 4

Food Delivery

All that ordering-in, on days you can’t be bothered to cook up a storm, is going to take a hit too. There will be lesser points earned when you order meals, but Grab has stated that it would have a wider variety of restaurants and eateries on its food delivery list. 

Membership Type Current Point System Revised Point System
Green 3 2
Silver 3 2
Gold 4.5 3
Platinum 6 4

Shopping

This is the section that sees the highest reduction in points earned per $1 spent — up to 60%. The one silver lining is that Grab will be increasing the number of places where you could earn points at, along the tune of 53 million places worldwide, online with GrabPay Mastercard. 

Membership Type Current Point System Revised Point System
Green 5 2
Silver 5 2
Gold 7.5 3
Platinum 10 4

Got mixed feelings? We feel you. It’s probably a good time to take those rides (when not on surge), order in and binge watch the shows you’ve been putting on hold, and load up on points before March comes calling.

Read these next:
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Use These 5 Credit Cards To Pay For Your Grab Rides In 2020
4 Ways Grab For Business Will Save You Time and Boost Productivity
Which Are The Best Millennial Credit Cards?
8 DBS Cards That Every Miles Chaser Should Consider




By Geralyne Ong
A lover of gin and all things Nigella Lawson, Geralyne spends her leisure time serving fur-babies and doing as many mountain climbers and burpees as she possibly can. She’s also a big believer in adulting.

The post Grab To Slash Rewards For Rides, Food Delivery And Shopping appeared first on SingSaver Blog.