Can anyone share their ranking of the top payment methods based off their perks? - Seedly
 

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Asked by L H

Asked 2w ago

Can anyone share their ranking of the top payment methods based off their perks?

Favepay, grabpay, samsung pay, paywave, nets? Any others? Cash is King but not really too right?

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Answers (19)

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Junus Eu
Junus Eu
Top Contributor

Top Contributor (Nov)

Level 9. God of Wisdom
Answered 2w ago

Here's my ranking:

  1. Favepay linked to Credit card for interest with savings account + Grab linked. Additionally, they used to have better cashbacks, but now its a $1 cashback with 10x $3 transactions

  2. If the place doesn't offer FavePay, then GrabPay

  3. NETS and Cash tie in 3rd place

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6
Alfred Chan
Alfred Chan
Level 3. Wonderkid
Answered 2w ago

FavePay, GrabPay, Paywave then nets.

Simply because FavePay earns cashback on top of grab points. GrabPay pays you miles/cashback on top of the points. And paywave if the previous 2 isn't available

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3
Dawn Fiona
Dawn Fiona
Level 6. Master
Answered 2w ago

Physical cash is no longer king but DIGITAL cash certainly is, haha!

  1. Favepay linked with Grabpay wallet

  2. UOB + Grabpay

  3. Credit card (regardless of your cashback / miles camp)

I hardly use cash anymore haha.

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2
Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 2w ago

For me, will be:

  1. Credit card (paywave) for it's miles or cashback + interest with savings account

  2. GrabPay (most universal)

  3. FavePay (if I go back to that outlet alot)

  4. NETS (only if I have to)

  5. Cash

That's my ranking!

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2
VC
Vicki Chng
Level 5. Genius
Answered 4d ago

Fave pay, use grabpay to pay. And top up your grabpay with UOB ONE to get additional 5% cashback.

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S
Sanchit
Level 5. Genius
Answered 4d ago

This is a bit painful because I miss the OCBC 10x paywave offer (heart-pain) and that would have made things much simpler.

However, my order is:

Favepay Grabpay Paywave physical card.

I really cringe seeing people use cash where there is a valid option for card to be used. EVEN if you earn no points, just use card to increase convinience. Just my 2 cents

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Eveline Lau
Eveline Lau
Level 6. Master
Answered 4d ago
  1. Grabpay (powered by UOB One)

  2. Credit card

  3. Cash

I haven't really got onto FavePay because the cashback are locked to the same merchant. I don't really go back to the same merchant so it doesn't make much difference to me. But at the same time, I probably should start on it since I have nothing to lose from it. I would want to fuel FavePay using GrabPay.

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Shirley Ngiam
Shirley Ngiam
Level 3. Wonderkid
Answered 4d ago

My number one choice will always be fave pay if there is any since my fave is link to my grab pay and my grab is link to my cashback credit card. (tip: when you are out for meal with big group of friends, volunteer to pay first. pretty sure you can earn more points)

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Aik Kai
Aik Kai
Level 7. Grand Master
Answered 4d ago

Favepay

Grabpay,

Paywave

Credit Card

Nets

In this order.

There is only so much payment methods my mind can handle. LOL

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I'm a huge advocate for the Grabpay ecosystem for the following reasons:

1. Locking in your credit card rewards

Topping up of Grabpay balance using your credit card might be a good way to lock in minimum card spending for a given month/quarter to secure your cashback/rewards offered by your bank. This money is technically not spent yet but simply transferred to an e-wallet. This way, you can technically earn your credit card rewards in advance. Do check on qualified spending categories as Grab spending may not qualify for certain benefits.

2. Favepay X Grabpay

If you've used Favepay before, you should know by now that the payment method can be set to Grabpay. You not only earn Favepay cashback but also get points for GrabRewards. When presented with an opportunity to use Favepay or Grabpay, always use Favepay.

3. Transferability of Grabpay balance(for Grabpay Mastercard users only)

If you've used e-wallets(e.g Singtel Dash) or multi-currency cards(e.g Revolut, Youtrip), you can actually transfer your Grabpay balance to these accounts for spending via Visa/Mastercard.

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Jasmine Tay
Jasmine Tay
Level 4. Prodigy
Answered 4d ago
  1. Favepay/Grabpay topped up with credit card

  2. Paywave using credit card

  3. DBS Paylah for hawker stalls with the QR codes

These are my personal favourites because of their rewards/convenience/availability!

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SW
Say Wai
Level 4. Prodigy
Answered 5d ago

Use credit cards whenever possible else you are leaving the rewards (miles/cash back) on the table. Of course spend within your means and pay your bills in full.

for me, in general it would be:

  1. favepay / grabpay funded by Citibank rewards

  2. Paywave using UOB preferred platinum visa

  3. Ocbc titanium rewards or Citibank rewards for selected qualifying shopping

  4. If not able to utilise above:

  • For more than $30, uob prvi mastercard

  • Less than $30, Citi premiermiles or DBS altitude​​​

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Larissa Lim
Larissa Lim
Level 4. Prodigy
Answered 5d ago

Im quite similar to SGBB actually.

  1. Favepay linked with Grabpay wallet

  2. UOB + Grabpay

  3. SCB Credit card

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Choon Yuan Chan
Choon Yuan Chan
Level 7. Grand Master
Updated 4d ago

1) Grabpay (thanks to UOB One card)- 5% basic rebate

2) Singtel Dash (for Online purchase and grocery- funded by Grabpay) - 5% basic rebate

3) Favepay- for food outlets not covered by grabpay etc (Funded by grabpay) - 5% basic rebate

4) Paywave- 2% rebate with Stanchart Singpost card

5) Nets

6) Cash​​​

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Hwee Kian
Hwee Kian
Level 6. Master
Answered 5d ago

Hi LH,

For me it's the following:

  1. Favepay that is linked with Grabpay wallet

  2. Grabpay + UOB for 5% cashback

  3. Credit card/paywave

  4. Nets

  5. Cash

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0
Koh Jun Jie Jason
Koh Jun Jie Jason
Level 4. Prodigy
Answered 6d ago

It depends on the promotion too

for me its

favepay

grabpay

credit cards

membership cards with stored value

EzlinkFlashPay

Activesg Wallet

liquid pay

netspay

FlexM

GT Dollar

Krispay

NETS

beepay

hardly using cash now​​​

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Mel
Mel
Level 3. Wonderkid
Answered 6d ago

1) FavePay + GrabPay with credit card cashback

2) GrabPay with credit card cashback

3) PayWave with credit card cashback

4) Credit card with cashback

5) ez-link with ez-reload credit card cashback

6) Cash withdrawal via soCash

I hope some people find this useful :)

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LW
Lim Wei
Level 2. Rookie
Answered 6d ago

Mco card :) up to 5% cashback and many more perks

0 comments

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EZ Link app for points and rewards when taking public transport. This can be linked to some credit cards, which gives you additional cashback. =)

Here is everything about me and what I do best.

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