You can get up to 5,000 GrabRewards Points when you pay for your online transactions with GrabPay on 31 January. Thanks to GrabPay Power Up, GrabPay users will earn 5,000 GrabRewards Points for a minimum spend of RM250 – or 2,500 GrabRewards Points on a minimum spend of RM150.
You can use this GrabPay Power Up deal at any of Grab’s existing online merchants, ranging from fashion brands like Zalora to other sites like Mr DIY, Senheng, Domino’s, and more. To qualify, you just need to use GrabPay as your payment method upon checkout at an online merchant on 31 January 2021 and the points will be awarded to you instantly. Each Grab user is allowed to make one redemption for this campaign.
However, the redemptions are subject to a cap of 3,000 redemptions for the minimum spend of RM150 and 4,000 redemptions for the RM250 minimum spend, given out on a first-come first-served basis. It would be wise to quickly snap up this one-day-only deal when it begins at 12.01am on 31 January, because as we’ll show below, it’s quite worth the while.
Assuming you are on the Platinum GrabRewards tier (earning 3x points for online transactions) and use your GrabRewards Points to redeem Grab vouchers (800 points for a RM5 voucher), you will normally get an effective rate of return of 1.875%. However, with the GrabPay Power Up deal, the addition of the bonus points will put your effective rate of return at 12.29% if you spend RM150 and 14.38% if you spend RM250 – that’s a huge step up!
Do note that GrabPay Power Up is not valid for any bill payments or insurance payments. Moreover, the additional GrabRewards Points awarded under GrabPay PowerUp will not contribute towards your tier progression or upgrade.
You can find out more about the GrabPay Power Up that will take place on 31 January here.