GrabRewards Flash Sale: 35% pointsback on selected redemptions

From now till 9 May 2021 (or while stocks last), Grab is running a 35% pointsback promo for selected items in the GrabRewards catalogue. This can be accessed through the Grab app homepage, or in the rewards section.  

While it’s not as generous as some of the sales we saw back in 2020, it’s still a good opportunity to cash out some of your GrabRewards points.

GrabRewards Flash Sale

GrabRewards users who redeem the following rewards up till 9 May 2021 will receive a 35% points rebate.

Note that this is a rebate, not a discount– you can’t redeem a 5,000 points voucher if you have 4,000 points, for example, notwithstanding the fact the nett cost of the voucher is actually 3,250 points (65% of 5,000).

Limited redemptions are available for each of these rewards; it’s not stated explicitly how many, but I discovered firsthand that the cap is 10 per user for the Grab ride and GrabFood vouchers. For STAR$, the cap is five per user. 

The 35% pointsback is credited instantly to your GrabRewards balance with no action required from you. 

Grab vouchers redeemed under this promotion are valid till 30 June 2021; for other rewards, refer to their listing in the catalogue. 

If you’re looking for airline miles instead, don’t forget that Grab is offering a 2X conversion bonus to Qatar Airways for a limited time. This is potentially useful for those who are just shy of an award, or who need to extend the validity of their balance. 

How are GrabRewards points earned?

Back in March 2021, Grab changed the GrabRewards earning structure to further reward users who spent with the GrabPay wallet, as opposed to a credit or debit card. This is basically meant to entice you to maintain a GrabPay wallet balance. 

GrabPay wallet balances can now be cashed out to a bank account, provided the balance wasn’t topped up via a credit card. Virtually all credit cards (with an exception or two) no longer award points for GrabPay top-ups though, so there’s little reason why you’d want to do that in the first place

Conclusion

While I may live to regret this if Grab rolls out a 40 or 50% deal in the near future, I cashed out most of my balance for S$10 Grab rides and 5,000 STAR$ rewards (worth a S$5 CapitaVoucher).

1 GrabRewards point is normally worth 0.2 cents, but with the 35% pointsback I’m effectively getting 0.31 cents per point with these rewards. 

(HT: Nala Ng)