Uber’s departure from the Singapore market has left its partners scrambling to find a replacement. So far we’ve seen Liveup introduce a Grab discount, and I imagine in time we’ll see others replacing their Uber benefits with some Grab equivalent.
Standard Chartered offered 20% cashback on Uber rides capped at S$50 per month so long as you spent a minimum of S$900 each month on their credit cards. This promotion was scheduled to run till 30 September 2018 (ah the hubris!) but obviously recent events meant a new partner was needed.
Standard Chartered has managed to secure Grab as a partner, and from 1 April to 30 April, SCB credit cardholders will earn 20% cashback on Grab rides, subject to the same conditions as the previous Uber partnership (i.e min S$900 monthly spend, rebate capped at S$50 each month). What’s interesting to me is that this partnership is currently only scheduled to last till the end of April. I assume they’ll review it again at that time to decide whether or not they want to continue.
The existing Uber rebate ended on 15 April. Your total rebate is capped at S$50 per month regardless of whether you earned that rebate through Uber or Grab. In other words, if for whatever reason I already earned S$50 of cashback on Uber between 1-15 April, I will not earn any further cashback on Grab for the rest of April. You can read the full T&C here.
|App Transactions||Time period Cashback can be earned|
|Uber||1 – 15 April 2018|
|Grab||1 – 30 April 2018|
Final point about this promotion- spending on Uber/Grab counts towards the attainment of the S$900 threshold for the month.
The other loose end as far as Standard Chartered is concerned is what they’re doing about the Visa Infinite card. The SCB Visa Infinite used to offer Uber credits in lieu of an airport limo transfer, but it seems those credits have vanished and not been replaced by an equivalent amount with Grab. I can only hope they’re working to come up with something, because if not then that’s a major blow to the card when compared with the rest of the $120K credit cards.