Rest in Peace: GrabPay Mastercard Discontinued From June
After more than 4 years, Grab has thrown in the towel for GrabPay Mastercard. From 1st June 2024, both the physical and digital versions of the card will cease to work. While the card has been all but forgotten in recent times owing to a multitude of nerfs and slashing of benefits, it was once an indispensable part of every credit card reward enthusiast’s wallet.
RIP GrabPay Mastercard, we may never see another like you.
Last month for replacement cards
While no more new physical cards will be issued for those who have not requested for before 1st April 2024, those who already possess a physical copy have until the end of April 2024 to request for a replacement within the app.
If you have lost your card or perhaps left it at a beach bar, forgot to take it back from the cashier and never bothered getting it back, you can still request for a replacement card. It costs S$10, and I suppose it’s an okay price to pay if you’re a card collector or something. It’s been almost 2 years since I left my card behind one fine day in Senotsa and I’m wondering if the bar still has it… Maybe paying S$10 is easier and there’s until 30th April 2024 to decide.
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Last date of use: 31st May 2024
For those who still need to use the card, the last day of May 2024 would be the final day you can use either the physical or virtual card. People who have topped up their wallets should consider clearing it out before the cards stop working. After the deadline, you can only use your credits via GrabPay-supported merchants.
Once a 12.7% cashback or 5.14 miles per dollar card on anything
Although the card is has long been a shell of its former self, it used to be really, really good. It once offered as much as 12.7% cashback or 5.14 miles per dollar on anything you can charge your Mastercard too. All we had to do was to use UOB One to top up S$2,000 every month, get an easy 10% cashback, then use it to pay for all manners of transactions. If you wanted, you could also use Citi Rewards for 4 miles per dollar instead, which some miles people were doing instead of receiving 10% cashback (yikes).
There was even a time when one could top up the Grab wallet with a credit card, then immediately pay off the outstanding bill via AXS with the GrabPay card, creating a no-spend rewards loop. Fun times.
Most transactions also received 10X Grab points which at that time was the equivalent of 2.7% rebate, or a further 1.14 miles per dollar. Nerfs came fast and furious of course, and death came in the form of thousand cuts. Grab points were devalued, the earn rates were slashed, and credit card after credit card excluded Grab top-ups altogether. Just head over to the Telegram and search “grab nerf” to see the illustrious history the GrabPay card has had with the Nerf Hammer.
Collateral damage: users who don’t qualify for credit cards
The last straw came, I think, when the last bastions of card rewards for Grab top-ups fell: Amex cards excluded Grab top-ups altogether. Apart from 0.3% from UOB Absolute (which is still a thing), there is nothing to get for topping up the GrabPay wallet.
It’s no surprise that most credit card rewards enthusiasts would find it difficult to even muster a shrug for this piece of news, but it seems to me that a group of people quite affected by the death of GrabPay Mastercard would be those who don’t qualify for credit cards. Having a card for payments, even something with nearly non-existent rewards, is convenient, and the GrabPay Mastercard filled that gap. I should do a piece on alternatives that such groups can look at, so stay subscribed if that is something that is relevant to you.
Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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