Hi Anon, Musyaffaq broke down the thought process behind this decision quite well. However, you may want to note that you don't have to choose between the SC Cashback debit card and GrabPay. SC Cashback debit card awards 1% cashback even on GrabPay top-ups. This means you can simply use the SC Cashback debit card to top up your GrabPay wallet, then pay for your expenses using GrabPay. This way, you will earn 1% cashback when you make the top up, and earn GrabRewards points when you spend with GrabPay. You can earn up to 1.8% cashback using this method! (1% from SC debit card + 0.8% from GrabRewards points) If you're interested in finding out more, check out this post: https://www.thefrugalstudent.com/how-to-earn-rewards-for-grabpay-top-ups/ Hope this helps! Regards, thefrugalstudent

Most credit cards already exclude insurance payments from any form of rewards. Insurance premiums are also excluded from earning GrabRewards points. If you have the Amex True Cashback card, and if your insurer does not support Amex, you can use the Amex card to top up your GrabPay wallet to pay for your premiums. Do note that no other consumer Amex card is eligible for points or cashback on GrabPay wallet topups. Another way is to top up your GrabPay wallet through Dash, where you will earn Dash rewards points. Always test with a small amount before you pay - top ups to Dash or GrabPay are irreversible and they are known to impose new restrictions without warning!

I strongly believe that Sea Group will have benefit much than Singtel/Grab from the DB license: https://attendshortly.com/2020/12/30/why-the-digital-bank-benefits-sea-more-than-grab/

Hi Anon! I have tried topping up to Grab multiple times and it does constitute a spend in SingLife. Previously, I thought it didn’t as it takes a couple of days to register as a spend in the Singlife app. Hope it helps!

Can pay for your bills. I use for telco and utility bills. Can use to buy online groceries as well, like FairPrice Online. These can add up a lot depending on how big your household is. However, everytime they have this got limit to how many people can get. Need to be fast. As of now if you check, it’s fully redeemed. So can try next time hahaha 🥲

Like what Jiayee said, even with the $0.30 fee, Grab will stay the cheapest in addition to the convenience it brings us. Personally will still use grab. And since this fee will go towards giving the drivers better welfare, I believe most people would be supportive of this. As supported by a survey reported by Straits Times: 8 in 10 Singaporeans willing to pay more for essential services: Survey https://www.straitstimes.com/singapore/manpower/8-in-10-singaporeans-willing-to-pay-more-for-essential-services So to answer your questions, it won’t matter much!

If you are freq user of grabpay. How to cash out? That is the problem.

Personally think its a good move on Grab's part to move towards being a monopoly in the ride hailing services industry. Furthermore with its digital bank license, its a smart move to start conquering and be a dominant player in the industry. Although it would possibly mean an increase in rides for us consumers now :(