GXS Bank, a digital bank owned by Grab and Singtel, has launched the GXS Credit Card, a new unlimited cashback credit card in collaboration with Visa. The card is designed to maximise the value of consumer spending within the Grab and Singtel ecosystem, offering up to 10% cashback on eligible Grab transactions and 1.75% cashback on Singtel bills from the first dollar spent.
Cardholders can earn GrabCoins, which can be used to offset costs on Grab services such as transport and food delivery. Additionally, the card offers a flat 1.75% cashback on other eligible spends, provided a minimum monthly spend of S$500 is met.
Pei-Si Lai, Group CEO of GXS Bank, highlighted the card’s integration with Grab and Singtel, stating, “Our ecosystem strength has been GXS Bank’s secret sauce from day one. We want to make sure that every transaction counts for consumers when they use Grab and Singtel.”
To ensure the card meets customer needs, GXS Bank conducted a beta programme with over 1,000 participants, with more than 90% using the card for Grab and Singtel payments. Tiffany Yeoh, a beta participant, praised the card’s ease of use and unlimited cashback benefits.
The GXS Credit Card can be signed up for via the GXS app or directly through the Grab app, marking a first in Singapore for a bank-issued credit card available through a third-party app. The first 1,000 customers to order a physical card from 18 August will receive a limited-edition version.
