Summary:
Here is what the GXS Credit Card actually gives you, and what you need to do to get it.
- Up to 10% cashback on Grab in Singapore. The GXS Credit Card earns unlimited instant cashback in GrabCoins on eligible Grab rides, GrabFood, Grab Dine Out, GrabMart and GrabExpress spending.
- A flat 10% cashback on Grab when you travel. Eligible overseas Grab spending in Southeast Asia earns 10% unlimited instant cashback in GrabCoins, with no minimum spend and zero foreign transaction fees. No tiers to worry about here — the full rate applies from your first eligible spend.
- 1.75% on everything else you buy locally. Eligible local non-Grab spending earns 1.75% unlimited cashback, as long as you charge at least S$500 within the billing cycle. No categories to track and no switching cards at the counter.
- 1.75% on your Singtel bills, with no minimum spend.
- No cashback cap on eligible cashback. Your cashback keeps growing with your spending instead of stopping at a monthly ceiling.
- The annual fee is also waived for your first year.
With the GXS Credit Card, the main thing to remember is that the cashback rates depend on the type of spending and the applicable eligibility requirements. T&Cs & disclaimers apply.
Launch Offer:
- S$8 off your Grab ride: New GXS Credit Card holders get an S$8 voucher for Grab rides in Singapore. Pay with your GXS Credit Card and select the offer before booking your ride. Valid from 18 August to 30 November 2026, or until the first 200,000 redemptions, whichever comes first. Limited to one redemption per cardholder.
- First-year annual fee waived: S$0 annual fee in the first year for customers approved by 31 December 2026.
Overview:
The GXS Credit Card is here — and if you’re tired of cashback cards with small monthly caps, this one is definitely worth a look.
Launched in August 2026, the card offers 10% instant cashback in GrabCoins on eligible overseas Grab spending in Southeast Asia, with no minimum spend and zero foreign transaction fees. For local Grab spending, you can also earn up to 10% unlimited instant cashback in GrabCoins^ on eligible Grab purchases.
For everyday spending, the card gives you 1.75% unlimited cashback on eligible local non-Grab spending, with a S$500 minimum spend per billing cycle. You can also earn 1.75% unlimited cashback on eligible Singtel bills with no minimum spend.
The best part? There’s no monthly cashback cap, so there’s no fixed limit on how much cashback you can earn from eligible spending.
Cashback Rate Table At A Glance:
| Spend Category | Cashback Rate | Key Conditions |
|---|---|---|
| Local Grab spends* | 3% unlimited cashback on Grab spend^ | No minimum spend, no non-Grab spend required. No cashback cap. |
| Local Grab spends* | 5% unlimited cashback on Grab spend^ | $500 – $999.99 Grab spend + minimum $500 eligible off-Grab spend. No cashback cap. |
| Local Grab spends* | 10% unlimited cashback on Grab spend^ | $1000 Grab spend + minimum $500 eligible off-Grab spend. No cashback cap. |
| All eligible local spend | 1.75% unlimited cashback | Minimum S$500/billing cycle total spend. No cashback cap. |
| Singtel spend | 1.75% unlimited cashback | No minimum spend. No cashback cap. |
| Overseas Grab spends* | 10% unlimited cashback on Grab spend^ | No foreign transaction fees. No minimum spend. No cashback cap. |
^Cashback on Grab spending is credited instantly in the form of GrabCoins after each transaction, at a rate of 500 GrabCoins = S$1. T&Cs apply.
*Grab spends are defined as payments made using GXS Credit Card. GrabPay wallet top-ups and GrabPayLater payments are excluded as eligible spends.
How The "Up To 10%" Grab Cashback Works
The 10% cashback rate is an “up to” rate — what you actually earn depends on how much you spend on Grab and non-Grab purchases during each billing cycle. Here’s how it plays out in practice:
Scenario 1: 3% Cashback
Sarah spends S$500 on Grab and S$200 on non-Grab purchases in the same billing cycle.
- Grab spending: S$500
- Non-Grab spending: S$200
- Applicable Grab cashback: 3%
- S$500 × 3% = S$15 GrabCoins
- Her non-Grab spending is below S$500, so no 1.75% cashback is earned this cycle.
Scenario 2: 5% Cashback
Marcus spends S$800 on Grab and S$600 on non-Grab purchases in the same billing cycle.
- Grab spending: S$800
- Non-Grab spending: S$600
- First S$500 of Grab spending (3%) = S$15
- Next S$300 of Grab spending (5%) = S$15
- Total Grab cashback (in GrabCoins): S$30
- Non-Grab cashback: 1.75% × S$600 = S$10.50 statement credit
Scenario 3: 10% Cashback
Cheryl spends S$1,500 on Grab and S$500 on non-Grab purchases in the same billing cycle.
- Grab spending: S$1,500
- Non-Grab spending: S$500
- First S$500 of Grab spending (3%) = S$15
- Next S$500 of Grab spending (5%) = S$25
- Remaining S$500 of Grab spending (10%) = S$50
- Total Grab cashback (in GrabCoins): S$90
- Non-Grab cashback: 1.75% × S$500 = S$8.75 statement credit
So if you’re trying to maximise your Grab rewards, the key is not just how much you spend on Grab — you also need to hit the applicable S$500 eligible non-Grab spending requirement for the higher local Grab tiers.
Who Should Consider This Card?
Best For Frequent Grab Spending In Singapore
The GXS Credit Card earns up to 10% unlimited instant cashback in GrabCoins on eligible Grab spending, including Grab rides, GrabFood, Grab Dine Out, GrabMart and GrabExpress.
Best For Southeast Asia Travellers With Overseas Grab Spending
Going overseas? The GXS Credit Card offers 10% unlimited instant cashback in GrabCoins on eligible Grab spending in Southeast Asia, with no minimum spend requirement. It also charges zero foreign transaction fees, so you can enjoy your rewards without worrying about extra FX fees eating into them.
You could be using Grab rides in Bangkok, GrabMart in Malaysia, or GrabFood in the Philippines while travelling around Southeast Asia and still earn 10% cashback on eligible Grab spending, with no cashback cap. That means even if you spend S$10,000 in a month on overseas Grab, you could earn S$1,000 in cashback.
Best For Those Who Want One Cashback Card For Everything & Can Comfortably Hit S$500 Spend Per Month
You earn 1.75% unlimited cashback on eligible local non-Grab spending, as long as you charge at least S$500 in eligible non-Grab spending during the billing cycle. At 1.75%, that is the highest unlimited cashback rate in Singapore right now — and whether it’s retail shopping or dining at restaurants, it’s the same rate, with no cap and no category to chase.
That makes it worth a look if S$500 a month is easy for you and you’d rather not juggle multiple cards. One card, one rate — you don’t have to remember which merchant earns what.
Best For Grab Dine Out Deals
You can also use your GXS Credit Card to pay for eligible Grab Dine Out Deals and earn GrabCoins on the eligible transaction. This means you can enjoy the applicable Dine Out promotion while still earning rewards on your spending.
Say I’m at Suntec City and looking for somewhere to eat. I can tap Nearby Deals on Grab to see what’s around, and I spot Haidilao at Marina Square, where I can get 10% off my bill with a Grab Dine Out Deal.
After my meal, I just need to tap “Pay Bill” and I can see that there is a 10% discount applied to my total bill already. Since I’ve already connected my GXS Credit Card to the Grab app, I can swipe “Pay Bill”, and the transaction will count toward my Grab Spend while I enjoy the Dine Out discount. That’s how you can “double-dip”.
A Little Extra Cashback On Singtel Bills
The GXS Credit Card also gives you 1.75% unlimited cashback on eligible Singtel bills with no minimum spend requirement. It’s a nice added perk if you’re already using the card for your other spending.
Tracking Of Spend & Rewards Made Easy Within The App
And if you’re worried about keeping track of your spending, the GXS app makes it easy to check your rewards. Simply go to Card & Rewards → Cycle Rewards to see your spending and cashback for the current cycle, so you don’t have to manually track your Grab and non-Grab spend.
Here you can see I’ve spent S$14.70 on Grab and nothing on non-Grab spending yet. Because cashback is calculated per billing cycle, the app also tells me I have 20 days left to hit the next spend tier — so I know exactly how much time I have to work with.
Getting Set Up: Make Sure You Actually Earn
Use GXS Credit Card As Your Grab Payment Mode For Rewards
Upon booking or checkout on Grab, make sure you select your GXS Credit Card as the payment method when paying for your Grab transaction. GrabPay wallet top-ups and GrabPayLater payments do not qualify for the cashback.
Seamlessly Add Your GXS Credit Card to Grab
You can also add your GXS Credit Card into your Grab seamlessly. Under “View card & rewards”, scroll down to “Manage Card” and you will see “Add card to Grab”.
Billing & Repayment: What You Need To Know
The cashback tiers on the GXS Credit Card are counted per billing cycle, not per calendar month — so knowing when your cycle starts and ends is what decides whether you actually hit the S$500 and S$1,000 thresholds.
- You can choose your own repayment date when you sign up for the card. Subsequently, this cannot be changed.
- Your e-statement is generated 14 days before your payment due date, and you can view or download it from the GXS app.
- Your bill must be paid within 14 days of your statement date.
- To pay, go to your FlexiCredit dashboard in the GXS app, tap Repay, enter the amount and pay from your GXS Savings Account for instant clearance. If you are paying from another bank, select Other bank to see your card clearing account details, then make a FAST transfer.
T&Cs & disclaimers apply.
Eligibility & Fees:
- Minimum Age: 21 to 65 years old
- Minimum Annual Income: S$30,000 (for Singaporeans/PR) and S$120,000 (for Foreigners)
- Annual Fee: S$196.20/year (inclusive of 9% GST); waived for the first year
- Foreign Transaction Fee: 0%
What To Avoid:
Excluded transactions do not earn cashback and also do not count towards the S$500 minimum spend required for the applicable cashback tiers. These include utilities, insurance, hospitals, education, tax and government payments, parking, tolls, wallet top-ups, crypto, brokerage transactions and instalment plans. For the full list of exclusions, refer to GXS’s Rewards Terms.
Frequently Asked Questions:
Is there a cashback cap on the GXS Credit Card?
There is no monthly cashback cap on eligible cashback earned through the GXS Credit Card. Applicable minimum spend requirements, spending tiers and exclusions apply. This is why it is an unlimited cashback credit card — to know more about it, you can check out this blog post. T&Cs apply.
Is this the highest cashback-earning credit card for Grab?
Yes. The GXS Credit Card offers up to 10% instant cashback in GrabCoins on eligible Grab spending, with no cashback cap. It also earns 1.75% unlimited cashback on eligible local spending, with a minimum spend of S$500. T&Cs apply.
Which Grab services earn cashback with the GXS Credit Card?
The GXS Credit Card earns cashback across eligible Grab spending, including Grab rides, GrabFood, Grab Dine Out, GrabMart and GrabExpress. T&Cs apply.
Do GrabCoins work like cash?
Not exactly. GrabCoins are part of Grab’s loyalty programme and are primarily used within Grab. They have no cash value and cannot be exchanged for cash. The 1.75% cashback on eligible local spending and Singtel bills works differently, as it is credited as a statement credit instead. T&Cs apply.
Additional Resources:
Final Thoughts:
The GXS Credit Card is the latest cashback card built for Grab spending, everyday local spending and Singtel bills, without a monthly cashback cap. Its up to 10% cashback on eligible Grab spending is particularly appealing for regular Grab users, while the 1.75% unlimited cashback on eligible local spending gives the card broader everyday use.
What makes it stand out is the combination of Grab rewards, unlimited cashback and easy spending tracking through the GXS app. If you want one card that covers both your everyday purchases and your Grab spending, the GXS Credit Card makes a strong case for being it — especially while the annual fee is still waived for your first year.
You can find out more and apply for the GXS Credit Card here. T&Cs apply.
This article is produced in partnership with GXS Bank, a digital bank owned by Grab and Singtel. All details are accurate at the time of publishing — always check the official terms and conditions before you apply.
*T&Cs & disclaimers apply.
