Back in December 2019, AXS stopped accepting GrabPay or the GrabPay Mastercard as a payment method. This was a major downer, because it killed off the best way to earn cashback or miles on bill payments that otherwise wouldn’t earn them.
But here’s the good news: Effective 10 May 2021, GrabPay payments via AXS have been re-enabled. GrabPay is once again accepted for all AXS transactions, except credit card bills and loan payments.
Using GrabPay with AXS
To make an AXS payment with GrabPay, simply select the billing organization and enter your details as per normal. On the payment selection screen, select “credit card”, then “other banks”.
Enter your GrabPay Mastercard details, then the OTP.
That’s it. You’ll see the transaction reflect in the “recent transactions” section of the Payment tab in the Grab app. My IRAS account balance was updated immediately.
A few points to note:
- AXS payments do not count towards the various GrabPay Power Up promos or Challenges
- GrabRewards points will not be awarded for AXS transactions
- The maximum transaction you can make with the GrabPay Mastercard on AXS seems to be capped at S$500. If your bill is more than this, split it up into multiple transactions
- If you make ad-hoc payments to IRAS while on a GIRO payment plan, your subsequent month’s deduction will be reduced by that amount. For example, if my monthly installment is S$1,000 and I pay S$300, GIRO will deduct S$700 (assuming my ad-hoc payment is received before the deduction date)
Why use GrabPay with AXS?
The simple reason to use GrabPay with AXS is because it lets you earn miles or cashback on transactions that otherwise wouldn’t qualify. For example:
- Condo fees
- Insurance premiums
- IRAS tax
- Season parking
- Town councils
- Utility bills (but keep in mind some credit cards still earn points for this)
The key is topping up the GrabPay wallet with the right card. While the vast majority of credit cards no longer offer rewards for GrabPay top-ups, there are three exceptions I’m aware of:
|AMEX SIA Business Card|
|AMEX True Cashback Card|
|UOB Absolute Cashback Card|
It’s very simple.
- Top up your GrabPay wallet with one of the above cards
- Use your GrabPay Mastercard to make payment via the e-Station or m-Station for your bill
- You’ve effectively earned 1.5/1.7% cashback or 6.8 mpd on your bill
The main thing to note is that Grab imposes the following transaction limits:
- Single transaction limit: S$5,000
- Daily transaction limit: S$5,000
- Monthly transaction limit (calendar month): S$10,000
- Annual transaction limit (calendar year): S$30,000
I hold an AMEX Singapore Airlines Business Card, and intend to use the full S$1,000 cap from the AMEX offer on income tax payments. It’s a whopping 6.8 mpd, at no cost to me. That’s even better than Citibank’s otherwise excellent PayAll offer- nothing beats free!
That card won’t be for everyone (since you need an ACRA business number to register), but you can otherwise use the UOB Absolute Cashback Card to save up to S$510 per year (1.7% of S$30,000) on transactions that would normally have to be paid in full. I’ve written about this card in more detail here.
The revival of GrabPay on AXS is fantastic news, as it’s basically a 1.7% discount of all your bills should you have the UOB Absolute Cashback Card. I’d give this card a ringing endorsement now, especially if you don’t qualify for the AMEX Singapore Airlines Business Card.
If only the Citi Rewards were alive to see this.