GrabRewards Flash Sale: 30% pointsback on selected rewards

From now till 14 January 2022, redeem GrabRewards points for Qoo10 and Lazada gift cards, GIANT vouchers and more.

It’s been a while since the last GrabRewards Flash Sale (or maybe I’ve just not been paying attention), but Grab has now launched a 30% pointsback sale on selected rewards that runs from now till 14 January 2022 (or while stocks last). 

This sale can be accessed through the rewards section of the Grab app. 

Get 30% pointsback on selected redemptions

GrabRewards users who redeem the following rewards up till 14 January 2022 will receive a 30% points rebate.

VoucherRegular PriceFlash Sale Price
3 months HBO Go subscription10,5007,350
S$20 Coinhako10,0007,000
S$20 Lazada10,0007,000
S$10 Qoo105,0003,500
S$10 Razer Gold5,0003,500
S$10 ZALORA5,0003,500
S$10 Ezbuy5,0003,500
XXL Chicken2,5301,770
S$5 Giant2,5001,750

Some of these rewards are currently listed as “sold out”, but based on past experience, they may be restocked. It’s worth checking back now and then, if you see something you really like. 

Note that this is a rebate, not a discount– you can’t redeem a 2,500 points voucher if you have 2,000 points, for example, notwithstanding the fact the nett cost of the voucher is actually 1,750 points (70% of 2,500).

The 30% pointsback is credited instantly to your GrabRewards balance with no action required from you. Limited redemptions are available for each of these rewards; the cap can be found under the individual item’s T&Cs. 

Is it worth it?

A 30% pointsback sale is slightly weaker than what we usually see; here’s some past data points for comparison: 

It’s all good and well if you have a big stash of points you’ve been meaning to cash out, but otherwise, you might want to wait till a future sale. 

How are GrabRewards points awarded?

As a reminder, here’s how many GrabRewards points you’ll earn, depending on your membership tier and method of payment. 

Points per S$1 Spent
Member TierGrabPay WalletCredit/ Debit CardCash
Member310
Silver3 10
Gold4.51.50
Platinum620

GrabPay wallet balances can now be cashed out to a bank account, provided the balance wasn’t topped up via a credit card. Believe it or not, there’s still a handful of cards out there offering rewards for GrabPay top-ups:

💳 Cards for GrabPay Top-Ups
CardEarn RateRemarks
AMEX SIA Business Card
Apply
1.8 mpdOnly for owners of SMEs
AMEX True Cashback Card
Apply
1.5% cashbackNo cap
UOB Absolute Cashback Card
Apply
1.7% cashbackNo cap

Conclusion

I typically redeem STAR$ during these flash sales for greater flexibility, but they’re not available during this sale so I might sit it out. 

1 GrabRewards point is normally worth 0.2 cents, but with the 30% pointsback you’re effectively getting 0.29 cents per point with these rewards. 

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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