From now till 15 June 2021 (or while stocks last), Grab is running a 35% pointsback promo for selected items in the GrabRewards catalogue, including Amazon and Qoo10 gift cards, STAR$ and F&B vouchers.
This sale can be accessed through the rewards section of the Grab app.
Get 35% pointsback on redemptions
GrabRewards users who redeem the following rewards up till 15 June 2021 will receive a 35% points rebate.
|Voucher||Regular Price||Flash Sale Price|
|S$5 Qoo10 gift card||1,625|
|S$5 off Ezbuy||1,625|
|S$5 ZALORA gift card||1,625|
|S$5 Lazada voucher||1,625|
|S$10 off Ezbuy||3,250|
|S$10 Paradise Group voucher||3,250|
|S$10 ZALORA gift card||3,250|
|S$20 Amazon gift card|
(redeem by 22 June 2021)
Note that this is a rebate, not a discount– you can’t redeem a 5,000 points voucher if you have 4,000 points, for example, notwithstanding the fact the nett cost of the voucher is actually 3,250 points (65% of 5,000). The 35% pointsback is credited instantly to your GrabRewards balance with no action required from you.
Limited redemptions are available for each of these rewards; it’s not stated explicitly how many, but it appears there’s no cap (or a very high one if any) for STAR$. Expiry dates differ by reward, and you’ll be able to see the full terms before redeeming.
I’d personally go for the STAR$, and remember, if you happen to be a PAssion Card member, you can redeem a S$5 eCapitaVoucher for 4,500 STAR$ instead of the usual 5,000. A total of 10,000 such discounted vouchers can be redeemed per month, capped at two per CapitaStars member. I recently wrote a comparison article of mall rewards programs- check it out here.
How are GrabRewards points awarded?
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.
|Points per S$1 Spent|
(From 22 March 2021)
|Member Tier||GrabPay Wallet||Credit/ Debit Card||Cash|
GrabPay wallet balances can now be cashed out to a bank account, provided the balance wasn’t topped up via a credit card. Virtually all credit cards (with an exception or two) no longer reward GrabPay top-ups though, so there’s little reason why you’d want to do that in the first place.
Items go quickly during GrabRewards flash sales (especially STAR$), so I’d look to act on this sooner rather than later. If an item shows “fully redeemed”, don’t give up- it may be restocked later, so keep checking back.
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.