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? - Seedly

POSB Everyday Card

M1

DBS Live Fresh Card

DBS Multiplier

Bank Account

Credit Card

Asked by Anonymous

Asked on 14 Jun 2018

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?

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 21 Sep 2018

Instead of the above, I suggest you go with this hack contributed by Seedly community members, get more cash back of couple hundreds a year. See the links below:

https://blog.seedly.sg/cashback-hack-interest-posb-bonus-cashback-cimb-fastsaver-dbs-multiplier/

Summary: Ops for POSB Cash back bonus saver + CIMB fast saver 1% p.a

1) Use POSB cash back bonus saver by:

(a) credit your salary ini

(b) spend at least $1 on any POSB / DBS credit card

(c) Buy investment such as POSB Invest savers using Nikkoa AM STI ETC etc.

2) Put your savings into CIMB fast saver 1% p.a and earn easy interest

Next, my personal though is that:

3) With your spending of $300-600 on groceries, food, entertainment, EZ-Link and M1 bills)

  • If you can spend another $100 on something to make it $700, then apply BOC family visa card and get cash back on all the category:

=> By spending on BOC family visa, you can get cash back of another $20 to $50 every month! More $$$ back for your bang!!

The BOC Family card cash back details and T&C:

http://pic.bankofchina.com/bocappd/singapore/201803/P020180327710875490784.pdf

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Qinghui Chua
Qinghui Chua
Level 3. Wonderkid
Answered on 17 Jun 2018

POSB everyday card! Easier to earn the rebates and you dont need to worry about hitting the min spending.

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are you a miles chaser ?

I think the DBS attitude Card is good for the no min spend + miles doesn’t expire.

If miles are are not your thing then go with the posb Everyday Card spend 1 dollar on it.

Go for other Credit cards such as the UOB one or BOC that give you better cash rebates.

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Serene Toh
Serene Toh
Level 5. Genius
Answered on 21 Sep 2018

I vote for POSB Everyday, since you use for groceries & bills.

Hmm, maybe you should try to set up a poll on facebook instead? :D

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Steph Yeo
Steph Yeo
Level 5. Genius
Answered on 19 Jul 2018

Live fresh card seems to be more helpful if you have alot of online spending, which doesn't seem to be the case.

Check out seedly reviews or this valuepengiun overview of dbs cards? https://www.valuepenguin.sg/best-dbs-posb-credit-cards

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Chen Yong Ng
Chen Yong Ng
Level 2. Rookie
Answered on 16 Jun 2018

POSB Everyday card as you have to hit minimum spend of 600 dollars for the cashback from DBS Live Fresh.

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Hannah Foo
Hannah Foo
Level 3. Wonderkid
Answered on 15 Jun 2018

I would recommend the POSB Everyday card. It allows you to offset the rebates earned against your monthly bill. I have both cards but use the POSB Everyday card as my default card

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