GrabPay’s death by a thousand cuts is continuing according to schedule.
After slashed earn rates, increased redemption costs, devalued partner transfers, and the removal of points for credit & debit card payments, then for all transactions except F&B, there’s still further ways the bar can be lowered.
Effective 25 November 2022, GrabPay no longer supports e-wallet top-ups. This may sound inconsequential to some, but removes a key use case- and heaven knows there aren’t many of those left.
GrabPay removes support for e-wallets
Grab maintains a list of unsupported GrabPay transactions, for which the GrabPay Card simply won’t work. This was quietly updated yesterday, with a new addition (highlighted in red).
Why can’t I use my GrabPay Card at some merchants?
Note: This article lists entities and transaction types that are not supported by the GrabPay Card. To learn more about what you can use your GrabPay Card for, please see the linked article instead.
Grab is dedicated to ensuring you have a fuss-free payment experience. However, if you’re unable to use your GrabPay Card at some merchants, it may be because the merchant or entity is unsupported. All merchants have a Merchant Category Code (MCC), which we use to verify the merchant type.
You may refer to the list below for the types of merchants and transactions that are not supported:
Please note that we review and update this list on a regular basis.
GrabPay Cards can no longer be used to top-up prepaid wallets like Amaze, Revolut or YouTrip. This matters because topping up Revolut was one of the last remaining use cases for GrabPay.
The idea is that you’d top-up GrabPay with one of the following cards to earn 1.8 mpd or 1.5/1.7% cashback.
|💳 Cards for GrabPay Top-Ups
|AMEX HighFlyer Card
|Only for owners of SMEs
|AMEX True Cashback Card
|UOB Absolute Cashback Card
You’d then use your GrabPay Card to top-up Revolut, and use your Revolut balance for:
- Bank transfers (e.g. allowance, reimbursements, rental)
- Withdrawing up to S$350 of cash at overseas ATMs with no fees
|❓ Why not just top-up Revolut directly?
|Revolut does not support top-ups from AMEX cards. Therefore, the only way to move funds from AMEX to Revolut was through the GrabPay Card, which is on the Mastercard network
It was basically a way of earning free miles or cashback, limited only by Revolut’s and GrabPay’s S$30,000 annual limit (i.e. 54,000 miles or S$510 of cashback each year).
For what it’s worth, there’s still two uses for GrabPay.
You can still top-up GrabPay with a prepaid wallet
Here’s an crucial point of distinction: you can no longer use GrabPay to top-up a prepaid wallet, but you can use a prepaid wallet to top-up GrabPay.
This is important, because it’s the easiest way of liquidating your Amaze cashback. Amaze recently launched its InstaPoints redemption catalogue, which allows cardholders to redeem points for cashback at a rate of 2,000 InstaPoints= S$20.
If you don’t fancy spending that money through the Amaze Card, you can instead use it to top-up a GrabPay account. Since the Amaze Card is a debit card, any amounts topped up are considered a transferrable balance, which can be sent to your bank account.
You can still use GrabPay for AXS
GrabPay Cards can still be used for AXS payments, which include a whole range of bills you normally can’t earn credit card rewards for.
|✔️ AXS- Supported Payments
It’s a simple matter of going to AXS e-station, entering your bill details, then selecting Credit Card > Other Banks on the payment screen (notwithstanding the fact the GrabPay Card is technically a debit card).
Complete the payment, and you’ve just earned 1.8 mpd or 1.5/1.7% cashback on these transactions.
GrabPay Cards can no longer be used to top-up e-wallet accounts, which eliminates the GrabPay > Revolut pathway. That was an easy source of miles or cashback for some users, since it’s still possible to earn rewards for GrabPay top-ups.
If it’s any silver lining, you can still use other e-wallets to top-up GrabPay, or use GrabPay for AXS transactions. No one knows how long those two will be possible, so make hay while you still can.