Grab has announced via an update page that it will soon start charging a fee for users to top-up their GrabPay Wallet via credit cards. Applicable from 11 September 2024 onwards, the platform will impose a 1% fee for most reloads done via credit card, with one exception.
The 1% fee will be incurred for all credit card top-ups, including auto top-ups, regardless of whether you are using a local or foreign credit card. However, the tech giant seems to exempt its Maybank Mastercard Platinum credit card from the extra charge.
While credit cards are now the worst way to top-up your GrabPay balance, users can still reload for free through other methods. This includes debit cards, bank transfers, and GXBank. For its Maybank credit card, you can get it with no annual fee with several sign-up rewards, but it requires a minimum annual income of RM24,000.
The company seems to be following the footsteps of several other e-wallets in Malaysia that have started charging customers a fee for credit card top-ups. Earlier this year, Touch ‘n Go EWallet also began charging a 1% fee for credit card reloads, while BigPay imposes a 1% fee for local credit cards and 3% for foreign credit cards.
(Source: Grab)
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