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Anonymous

09 Oct 2020

∙

Is the POSB Everyday credit card worth it to get a higher interest on my DBS multipler account?

The annual fees for this card is $192. Assuming that the average cashback is 5%, this means that I would need to spend minimally $4,000 in order to breakeven the annual fees.

Is this worth it for the extra 1% interest for the multipler account?

DBS/POSB Multiplier Account POSB Everyday Cashback Credit Card

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Chuan lee

14 Aug 2020

First year annual fee waived. Just apply and get your extra interest! You can always cancel the card. =)

Besides the everyday card, do consider livefresh card(min spend 600, 5% on online and paywave).

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Hi I just opened a DBS Multiplier Account, do I qualify for higher interest rates with the provided debit card spending? Or is it limited to specifically credit card spending?

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I have $20,000. Should I a) apply for a POSB Everyday credit card to increase my interest rates to 1.85%, or b) move my funds to StanChart Jumpstart account for 2%?

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