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 Card

1

Discussion (1)

What are your thoughts?

Learn how to style your text

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).

Reply

Save

Write your thoughts

Related Posts

Should I get the DBS Multipler account? Want to earn interest but my salary is so low.. After CPF, at most i get $1700. Wanted to apply DBS Multipler but I do not have credit card. Dilemma?

Intending to open a DBS Multiplier account. However, I am deciding on which credit card to get - DBS Live Fresh or POSB Everyday? (I spend $300-600 on groceries, food, entertainment, EZ-Link and M1 bills). Any advice?

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?

Do I get higher interest in my DBS Multiplier Account if my salary is credited to another DBS/POSB account under the same name?

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%?

Related Products

DBS/POSB Multiplier Account

4.4

321 Reviews

Up to 4.10% p.a.

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

POSB Everyday Card

3.9

195 Reviews

Standard Chartered JumpStart Account

4.8

778 Reviews

Related Posts

Should I get the DBS Multipler account? Want to earn interest but my salary is so low.. After CPF, at most i get $1700. Wanted to apply DBS Multipler but I do not have credit card. Dilemma?

Intending to open a DBS Multiplier account. However, I am deciding on which credit card to get - DBS Live Fresh or POSB Everyday? (I spend $300-600 on groceries, food, entertainment, EZ-Link and M1 bills). Any advice?

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?

Do I get higher interest in my DBS Multiplier Account if my salary is credited to another DBS/POSB account under the same name?

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%?