Come June 22, 2020, GrabRewards is releasing its new catalogue with a bunch of updates and deals to aid in the nation’s recovering economy.
According to Grab, the new catalogue will feature points revision and more ways to use your points, all of which are earned only through cashless transactions.
Here are the main changes to the GrabRewards points system.
1. Vouchers Cost More Points
Currently, Grab still has RM5 vouchers for 600 points, RM10 vouchers for 1,200 points, and RM15 vouchers for 1,800 points. This makes 120 points worth RM1.
When the new catalogue comes into effect though, there will instead be a new RM3 voucher for 550 points, the RM5 voucher for 800 points, and getting the RM10 voucher will require 1,600 points.
With this new revision, 183.33 points will be worth RM1 for the RM3 voucher, while 160 points will be worth RM1 for the RM5 and RM10 voucher. If you’re planning on redeeming RM5 and RM10 vouchers regularly, you’d have to spend 33% more points to do so.
2. Removing The Highest Voucher Option
Along with the higher point to RM conversion rate and the introduction of the RM3 voucher, GrabRewards is taking away the RM15 voucher option.
3. A Super Sale To Get Your Spending Kickstarted
Perhaps to help ease users into the above points changes, GrabRewards is holding a super sale in two phases.
From June 22 to June 30, you can get a 50% discount on vouchers:
- RM3 voucher for 275 points (91.66 points = RM1),
- RM5 voucher for 400 points (80 points = RM1),
- RM 10 voucher for 800 points (80 points = RM1).
From July 1 to July 14, it’ll be a 25% discount:
- RM3 voucher for 410 points (136.67 points = RM1),
- RM5 voucher for 600 points (120 points = RM1),
- RM10 voucher for 1,200 points (120 points = RM1).
Only from July 15 onwards will you be spending the full amount of points for each voucher.
4. More Things To Redeem
You will now be able to redeem new partner rewards, GrabMart and GrabExpress rewards too, not just on GrabFood and Grab rides.
5. Extension Of Tier Status
Due to the SOPs and guidelines implemented with the reopening of the economy, it might be challenging to go back to spending normally.
Therefore, GrabRewards is looking to provide flexibility and ease of mind by extending users’ current tier status until December 31, 2020, with no downgrading during this period, even with lesser spending.
However, the qualifying period between July 1, 2020 and December 31, 2020 will determine your tier status for the first half of 2021.
6. Longer Validity Of Rewards Vouchers
According to Grab, the validity for all GrabFood and Grab rides vouchers redeemed from the catalogue will be extended to December 31, 2020.
Do not that this extension does not apply to all Grab vouchers (ride, food, mart and express ones) purchased from gifts.grab.com and marketplaces like Shopee or Lazada.
Vouchers received from corporate purchases and marketing campaigns via Grab for Business or GrabAds will also not be eligible for the extension.
7. Updated GrabRewards Points Expiry Policy
Your points are valid for 3 months, and you can keep extending the validity period with at least one transaction per month.
Every transaction you make will extend the validity period by 3 months from the date of purchase, and the period will end on the last day of the third month.
For example, if you made one transaction on June 10, your points will only expire on September 30. If you make another transaction on July 5, the expiry date will be October 31.
Making multiple transactions in the same month will not impact your points expiry date.
- You can read more on what we’ve written about Grab here.