Best Credit Cards for Grab Rides 2018

People who love to use ride-sharing apps like Grab can save money by using a credit card that provides special discounts. Below, you can compare some of the best credit cards for Grab rides that we found in the Singapore marketplace.

Table of Contents

Cashback on Food & Grab Rides: Citi Cash Back Card

Consider this if you want to save money on food and Grab rides

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

What makes Citi Cash Back Card stand out is its 8% cashback on dining, grocery and Grab rides. Given this, Citi Cash Back Card can help reduce your food related bills both in and outside of your home. These benefits tend to be limited to S$25 per category per month, which we believe is actually enough to be quite lucrative over time. It also runs occasional promotional deals that provide 20% cashback on certain services like food panda.

Summary of Citi Cash Back Card

  • Annual fee: S$192.6, first year waived
  • 8% cash back on grocery, dining and Grab rides
  • 20% cashback with selected merchants (rotating)
  • Up to 20.88% off on petrol at Esso & Shell
  • Relatively high cashback cap of S$100 a month
  • Promotion: S$120 cash rebate welcome gift
  • Read Our Full Review

Unlimited Cashback + EZ-Link: Standard Chartered Unlimited Cashback Card

Consider this if you want to save on Grab rides while earning an unlimited amount of cash rebate

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

Standard Chartered Unlimited Cashback Card is an excellent choice for people who are looking to reduce their Grab ride costs with a card that can help them on all other purchases. Standard Chartered has a partnership with Grab that provides up to 20% discount on Grab rides in Singapore and internationally. On top of that, this card's 1.5% rebate is actually unlimited. To further the convenient appeal of this card, SC has imposed o minimum spending requirement and added a functionality to double up as an EZ-Link Card. Overall, we think this is an ideal choice for those who want an easy way to earn a decent amount of cash rebate while avoiding annual fees (waived for 2 years) and simplifying their modes of payment for a variety of things.

Summary of Standard Chartered Unlimited Cashback Credit Card

  • Annual fee: S$192.6, 2 Year Waiver
  • 1.5% unlimited cash back on all your expenditure
  • Foreign exchange transaction fee: 3.5%
  • No minimum spend requirement
  • Up to 24% discount on petrol at Caltex
  • 20% cashback and more on Grab rides globally
  • EZ-Link compatible
  • Promotion: Up to S$100 in cashback for new customers (S$20 for existing customers)
  • Read Our Full Review

Best Shopping Miles Credit Card without Annual Fees: OCBC Titanium Rewards Card

Consider this if you want to earn miles on mobile payments without paying an annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

OCBC Titanium Rewards Card is offers 4 miles per S$1 spent through mobile payments, meaning you can use this card to earn a lot of miles on not only Grab rides, but on all other mobile purchases you can make. Additionally, it can reward shopaholics as it provides 4 miles for every S$1 spent on shopping in and out of Singapore (0.4 miles per S$1 for all other spends). Its annual fee of S$192.6 is waived for 2 years, and subsequently waived as long as you spend at least S$10,000 on the card annually. If you are looking for a shopping credit card that earns miles and want to avoid paying high annual fees, OCBC Titanium is an excellent choice.

Highlights

  • Annual fee: S$192.6, 2-year annual fee waiver, with subsequent years waived with annual spend of S$10,000
  • 4 mile for every S$1 on shopping (offline, online and overseas) and mobile payments (Apple Pay, Android Pay, Samsung Pay)
  • Min annual income: S$30,000 (S$45,000 for foreigners)

Best for Miles Card Beginners: American Express Singapore Airlines KrisFlyer Card

Consider this if you want an easy to use miles card and fly mostly on Singapore Airline's various brands

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

American Express Singapore Airlines KrisFlyer Card is a great card for miles card beginners. Amex Singapore Airlines KrisFlyer card provides the easiest way of redeeming miles that doesn’t require additional fees or long processing time. If you are unfamiliar with how this works or don't want the trouble of navigating the redemption system, Amex KrisFlyer card is an excellent way of getting your feet wet. In terms of rewards, Amex Singapore AIrlines KrisFlyer Card provides 1.1 mile per S$1 spent locally, 2 miles per S$1 spent overseas or on singaporeair.com and silkair.com for your travel bookings and 3.1 miles per S$1 spent on Grab rides.

Highlights

  • Annual fee: S$176.55, first year fee waived
  • 1.1 miles per S$1 of local spend, 2 miles per S$1 spent on singaporeair.com, silkair.com, KrisShop and SilkAir SkyShop
  • 2 miles per S$1 spent overseas in June and December
  • 3.1 KrisFlyer miles per S$1 spent on Grab and Uber rides
  • Access to American Express Selects
  • Promotions: Up to 20,000 bonus KrisFlyer Miles when you spend S$5,000 in the first 3 months
  • 1,500 KrisFlyer Miles each for the first two approved supplementary cards
  • S$150 Cashback for use with Singapore Airlines when you spend S$12,000
  • Get 1 chance for every S$50 spend on your card in each monthly draw to win 2 business class tickets to 12 destinations in the world (varies by month)
  • Read Our Full Review

Best Air Miles Card for Frequent Business Travelers: Standard Chartered Visa Infinite Card

Consider this if you travel overseas frequently for business or shopping

Annual Income Requirement S$150,000
Foreigner Income Requirement S$150,000

Standard Chartered Visa Infinite Card is a high end travel card designed for frequent business travelers who spend a lot of time overseas. Standard Chartered's partnership with Grab brings up to 20% discount on Grab rides as one of many perks that this card provides to its users. Also, its mile rewards are at the top of the market, with 1.4 miles awarded for S$1 spent locally and 3 miles reward for S$1 spent overseas.

SC Visa Infinte Card's other luxurious perks include Hilton HHonor Gold Status and discounts on golf clubs and private jets. For busy business travelers who have the money to spend but not much time for leisure, Standard Chartered Visa Infinite Card could help to squeeze every ounce of happiness and joy out of your time in style. Currently, Standard Chartered is running a promotion offer of 35,000 welcome bonus miles for new customers who apply online.

Summary of Standard Chartered Visa Infinite Card

  • Annual fee: S$588.6 and no waiver
  • 1.4 miles and 3 miles for every S$1 spent locally and overseas, respectively.
  • Hilton HHonor Gold status, complimentary VIP lounge access & travel insurance, discounts for golf clubs, yachts and private jets
  • 20% cashback and more on Grab rides globally
  • Promotion: Welcome bonus of 35,000 miles (or 15,000 miles and a Samsonite 28" luggage)
  • Read Our Full Review

Best Miles Card for Dining: Maybank Horizon Visa Signature Card

Consider this if you want to maximise miles earned on dining and GrabTaxi

Annual Income Requirement S$50,000
Foreigner Income Requirement S$60,000

Maybank Horizon Visa Signature Card is a superb miles credit card that comes with a very easy annual fee waiver. In terms of rewards, it comes with 3.2 air miles for every S$1 you spend on dining, taxi fares (including GrabTaxi), petrol and foreign currency transactions. As we mentioned previously, its annual fee of S$180 is waived for anyone who spends just S$1,500 on the card every month (S$18,000 per year). By providing great mile award rates for your travel expense as well as your daily needs, Maybank Horizon Visa Signature Card helps you build up miles while saving up on the annual fee you would otherwise have to spend with other cards.

Highlights

  • Annual fee: S$180, waived with S$18,000 of annual spend
  • 2 miles for S$1 spent on air tickets, travel packages and foreign currency transactions
  • 3.2 miles for every S$1 spent on petrol, dining, taxi fares (including GrabTaxi) and hotel bookings via agoda.com/horizon
  • Complimentary access to selected VIP airport lounges & travel insurance
  • Bonus: Receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420 when you apply for 2 Maybank Credit Cards and CreditAble
  • Read Our Full Review

Cashback Rewards in Singapore and Malaysia: Maybank Family & Friends MasterCard Credit Card

Consider this if you spend a lot of time in both Singapore and Malaysia

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

Maybank Family & Friends MasterCard Credit Card is a very versatile cashback card for people who frequently move between Singapore and Malaysia. Its rebate program works in both countries, and provides 8% cash back on petrol, transportation (including Grab, taxi, bus and train rides) and groceries. Finally, Maybank Family & Friends card is extremely affordable compared to other cards because of its low annual fee (waived for S$1,000 of monthly spend) and minimum spend requirements.

Highlights

  • Annual fee: S$80, waived with S$12,000 of annual spend
  • 8% rebate on transportation (Grab, taxis, bus and train rides), fast food delivery (i.e. foodpanda), and other retail transactions at special merchant outlets
  • Up to 9.3% rebate on groceries including merchant discount
  • Up to 20.88% savings on petrol including merchant discount
  • Above rebates apply in both Singapore & Malaysia
  • Promotion: Receive a complimentary Samsonite Orfeo 69cm Spinner worth S$420 when you apply for 2 Maybank Credit Cards and CreditAble
  • Read Our Full Review

Best Cross-border Online Shopping Rebate Card: Standard Chartered SingPost Spree Credit Card

Consider this if you do a lot of cross-border online shopping

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

Standard Chartered SingPost Spree Credit Card is an online shopping rebate card with a few caveats. This card work decently for people who spend relatively little on online shopping because it is one of a few cards with no minimum spending requirement. Furthermore, this card can work well for people who like to shop with online retailers overseas, since it provides up to 3% of cashback on foreign currency online transactions & vPost purchases. It also offers a unique online price guarantee that makes sure you get the best price for anything you buy online. Its lack of minimum spend requirement and 2-year annual fee waiver make it very easy to manage along with other cards you may want to use for other categories like dining.

Summary of Standard Chartered Singpost Spree Credit Card

  • Annual fee: S$192.6, waived for 2y ears
  • Rebates: 3% foreign currency online purchases & vPost transactions, 2% on local online transactions, 1% on other retail transactions
  • No monthly minimum spend & Online price guarantee
  • 20% cashback and more on Grab rides globally
  • Promotion: Up to S$100 in cashback for new customers (S$20 for existing customers)
  • Read Our Full Review

Best Entertainment Rewards Cashback Card: UOB YOLO Card

UOB YOLO Card

Consider this if you are a young adult looking for discounts and perks on dining, entertainment, Grab rides and travel spending

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

The UOB YOLO Card provides 8% cash rebate on weekend dining, entertainment and Grab rides on weekends (3% on weekdays). Not only that, UOB YOLO card also helps you save 3% on all your online fashion and travel transactions. Overall, this card works really well for young adults who are focused on enjoying an active social life, especially at night.

Highlights

  • Annual fee: S$192.6, waived for the 1st year
  • 8% cash rebate on weekend dining, entertainment & Grab rides (3% on weekdays)
  • 3% cash rebate on online fashion and travel transactions
  • VIP perks like priority que and free access at best clubs in Singapore, 1-for-1 specials at bars and movie theaters
  • Promotion: S$80 cash credit for new card members
  • **Bonus:&& 12% rebate on dining, entertainment and Grab all week for the first 3 months
  • Read Our Full Review

Best Student Credit Card for Grab Rides: Standard Chartered Manhattan $500 Card

Consider this if you are a student or earn less than S$30,000 annually

Annual Income Requirement N/A
Foreigner Income Requirement N/A

Standard Chartered Manhatten $500 Card is the only credit ard for students that provides a substantial discount on Grab rides (up to 20%), thanks to Standard Chartered's partnership with the ride-sharing company. While this benefit requires S$900 of monthly spend to qualify for this benefit (compared to S$500 of monthly credit limit), those who readily repay their credit card balance frequently could still enjoy this benefit. Otherwise, this card provides a 0.25% cashback every month on retail spending.

Highlights

  • Fee: S$32.1, waived for 1st year
  • 0.25% cashback on everything you spend
  • 20% rebate on Grab rides globally (min monthly spend S$900)
  • No minimum income requirement
  • Credit limit: S$500
  • Age 18 and above, with parent's consent.

Summary of Best Credit Cards for Grab Rides

In case you want a quick look at our picks, here are ValuePenguin's best credit cards for earning discounts and rewards on Grab rides.

Grab Credit CardsGrab RewardsAnnual Fee
Citi Cash Back8%S$192.6Apply Now
SC Unlimited Cashback20%S$192.6Apply Now
OCBC Titanium4 MilesS$192.6Apply Now
Amex Singapore Air KrisFlyer3.1 MilesS$176.55Apply Now
SC Visa Infinite20%S$588.6Apply Now
Maybank Horizon3.2 MilesS$180Apply Now
Maybank Family & Friends8%S$80Apply Now
Grab Credit CardsGrab RewardsAnnual Fee
Citi Cash BackApply Now8%S$192.6
SC Unlimited CashbackApply Now20%S$192.6
OCBC TitaniumApply Now4 MilesS$192.6
Amex Singapore Air KrisFlyerApply Now3.1 MilesS$176.55
SC Visa InfiniteApply Now20%S$588.6
Maybank HorizonApply Now3.2 MilesS$180
Maybank Family & FriendsApply Now8%S$80

Compare the Best Grab Credit Cards by Dollar Value

To help you find the best credit card for Grab rides, we have prepared a chart below organizing credit cards by 2-year dollar value*. We have estimated an average Singaporean's monthly expenditure patterns through research to model out likely savings from credit cards. You should note that the dollar value can heavily depending on your spending habits, so make sure to read through each card's review and see if it fits your monthly budget.

A graph displaying how best credit cards for Grab rides compare to one another in terms of their rewards
Best Credit Cards for Grab Rides By Estimated 2-Year Dollar Value

Footnotes

*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Duckju Kang

Duckju is the Senior Vice President of ValuePenguin Singapore. He covers the financial services industry, consumer finance products, budgeting, and investing. He previously worked in the financial services industry, including at such hedge funds as Tiger Asia and Cadian Capital.

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