Standard Chartered continues with 20% Grab cashback till July, but cuts cap to $30

With Uber’s departure from the Singapore market, Standard Chartered moved last month to switch its rideshare rebate from Uber to Grab. If you spent a minimum of S$900 a month on SCB cards, you’d earn 20% cashback on Grab capped at S$50 a month. What I found curious was that the T&C stated the benefit was for the month of April 2018 only, so I assumed they were testing the waters before continuing further.

We now know that SCB has decided to continue the benefit until 31 July 2018, but the flip side is they’ve cut the cap from S$50 to S$30 a month. The minimum spending requirement remains the same at S$900.

It’s certainly disappointing that SCB has chosen to cut back on the rebate, and the T&C now explicitly state that the rebate is capped at S$30 per cardholder, regardless how many cards he/she holds.

In any case, Standard Chartered does not have a mass market miles card, so I’ll still continue to use the DBS Woman’s World for Grab to earn 10X points (4 mpd).