Which POSB/DBS credit card is better? DBS Live Fresh or POSB Everyday?

Hi Anon,

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POSB Everyday no longer has a minimum spending, while DBS LF has a minimum spending of $600.

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Which is better will depend on 1) what's your average monthly eligible card spending, and 2) what categories you spend on.

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If your monthly card spending doesn't consistently exceed $600, then there's no point using LF - you won't enjoy any cashback. Note that this is not the same as your total monthly expenses, because there are bound to be expenses that will not count as eligible card spending (ie cash payments, grab top-ups, insurance payments, etc).

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If your monthly card spending does exceed $600, then you may want to take a closer look at what you're spending on. Everyday awards rebates on highly specific categories of spending/merchants. So if you don't spend on these very often, chances are you won't gain many benefits out of it. Conversely, if you do, then naturally, you'll earn a sizeable amount of rebates. LF, on the other hand, awards cashback more generally (online spending, contactless spending).

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Hope this helps!

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Regards,

thefrugalstudent