Grab Power Up Challenge October 2022

It’s the time of the month for a new Grab Power Up Challenge! While this month’s challenge is largely unchanged from the past year or so, GrabPay’s earn rates have been slashed to practically nothing as of 14th October, so let’s see whether it still makes sense completing the challenge.

The challenge looks identical to previous months, and the rewards range from 2,500 points for $100 of spend to 20,000 points for $2,000 of spend.

Earn rates

Tap here on your phone to opt in your Challenge. 

Despite not being able to earn Grab points from most transactions now aside from a few exceptions like online GrabPay payments and PayLater, the challenge rewards may still be a good source of rebate for your spend:

Spend Amount	Reward	Rebate Amount	Rebate Percent
$100	2,500 points	$5	5%
$250	5,000 points	$10	4%
$500	7,500 points	$15	3%
$750	10,000 points	$20	2.67%
$1,000	12,000 points	$24	2.4%
$1,500	15,000 points	$30	2%
$2,000	20,000 points	$40	2%

These rebates are on top of the rewards you get from topping up your Grab wallet, typically 1.5 to 1.7% cashback depending on your card of choice.

The lower tiers between $100 to $500 of spend amount still represent a decent 4.7% to 6.7% of total rebates possible, and it is generally a good idea to complete the challenges if you find yourself in these tiers.

As the spend amount increases, the total rebate percentage goes down, and using other credit cards may become wiser instead.

Good for travel expenses perhaps?

One possible use case, if you belong to the higher tiers, could be using your GrabPay Mastercard to pay for travel expenditure. Cashback cards tend to be weaker at travel-related expenses: Citi SMRT’s 5% rate won’t work for flights and hotel bookings, and other cashback cards like UOB EVOL don’t handle bigger transactions very well.

Such a category of spend might be best left to OCBC 365 card (3% on travel expense), and if you don’t have/want that, perhaps the Grab challenge would come in handy. The total rewards you can get from the $2,000 tier amount to about 3.7% in rebates.

Online payments

You would also get the best rebates if you are able to clock the challenge requirement by paying for things that accept Grab online payments. One such example is Geneco bill payment, although your utility bill might not be that much to be a significant part of your spend requirement. Another would be Qoo10 – possibly more useful if you have bigger ticket items to buy on this platform.

Also, you apparently still get points using FavePay linked to your GrabPay wallet, so that may be key to getting more points while you clock this challenge.

Any other online GrabPay merchants you can think of, and are you planning to complete this month’s Grab Power Up Challenge? Let us know in the comments or Telegram group!

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