Another month has come and gone, and another Grab Power Up Challenge is upon us, and it’s a timely opportunity to farm Grab points to replace those we expended in getting discounted STAR$. The format changed in April, with a bunch of exclusions thrown in.
Since May, it appears that the challenges are offered to users based on their spending habits the last month. Here are the different tiers for 15th June to 14th July:
|Top-up Amount||Number of Transactions||Spend Amount||Reward||Spots|
You can tap here on your phone and opt into the challenge.
If you’re at the lowest spending tier of $100, your rebate is 3,000 points which is worth $6 at the base value of 0.2 cents each. That’s equivalent to 6% rebate.
At the $250 tier, you get 7,500 points which is worth $15 at least, or 6% rebate as well.
At the $750 spend tier, you get 15,000 points which is worth $30, or 4% additional rebate.
At the $1,500 spend tier, you get 20,000 points which is worth $40, or 2.67% additional rebate.
These rates are on top of the Grab points you earn on your spend which is 6 points per dollar for Platinum members, or 1.2% rebate. There is also additional 4 points per dollar if you spend in qualifying categories as part of the GrabPay Card Accelerator Booster which you can read more about below.
Ever since April’s Grab Power Up Challenge added a whole bunch of exclusions, the challenge has been lasting a lot longer than the 1 to 2-day affair it used to be. I managed to complete my challenge to spend $2,000 on 4th June 2021, almost three weeks after the challenge started with 3,000 spots. I was fortunately able to make multiple one-cent payments to my utility vendor to meet the required number of transactions before the challenge ended on the same day.
One can reasonably estimate having two weeks to complete their challenge, which leaves some time to plan your spend, and get cards that will give you cashback on your Grab top ups.
Cards to top up your Grab
The vast majority of cards have excluded Grab top ups since a year or so ago, but here are two that officially give cashback on topping up your Grab Wallet.
New to Amex
3% cashback on first $5,000 of spend (Grab top ups get 1.5% instead)
*min spend of S$250 required within 30 days of card approval
On top of the challenge, GrabPay Card Accelerator Booster is back, and this time it includes a new category: groceries. For the Booster, you get extra 4 points per dollar spent, which brings up your earn rate to 10 points per dollar if you are a Platinum member. That’s a total of 2% rebate.
This is capped on 20 transactions until the end of 14th July, and the Booster is capped at 500 points per transaction ($125 spend).
Keep up to date on the best cashback/mile cards, financial products, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.
Subscribe to the channel, then join the group chat. You would often benefit from the tips exclusively shared in the group chat!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. None of the information here constitutes personal financial advice. Thank you for supporting my site!