DBS Live Fresh Card
POSB Everyday Card
Asked by Anonymous
Asked on 07 Jul 2019
I just applied for DBS multiplier account, however, I do not have a credit card. I'm thinking between the DBS Live Fresh card or the POSB Everyday card?
Top Contributor (Aug)
Hi there, if you are opening a DBS multiplier account, you really should pair it with a credit card to earn the bonus interest. Between those two cards, it doesn't matter too much, but be aware that the cash backs are subjected to various limits and criteria, and the annual fee is also payable (although you should be able to waive it). An alternative is to consider a miles card like DBS Altitude where you can earn miles on your first dollar with no restriction and save them up for aspirational travel. Annual fee payment on a miles card will also earn you additional miles.
Top Contributor (Jul)
Hey there anon!! I’m in the midst of planning which DBS/POSB credit card to get and complement my DBS Multiplier account too so here are the findings I got! I will be focusing on the following 3 credit cards that are the most popular among consumers.
TL;DR: You should pair your DBS Multiplier Account with the POSB Everyday Card because:
How do I decide which is the most suitable card?
Based on the above findings, I would most likely go with the POSB Everyday Card. With no minimum spend imposed, I don’t feel pressurised to spend excessively every month to hit that target. The cashback given for shopping at Sheng Shiong and Watsons are great for me too, but the 20.1% cashback for petrol at SPC is even better for those that drive a lot! The $60 monthly cashback cap imposed on the Live Fresh Card makes it lose out to the POSB Everyday Card. Apparently, the cashback % was at 10% previously AND there were no monthly caps for the Live Fresh Card a year ago. But today’s terms aren’t so favourable anymore so I would really encourage you to get the POSB Everyday Card instead.
If you’re looking for a credit card rewarding you with miles instead, the DBS Altitude Visa Signature Card has pretty decent features and can be linked to your DBS Multiplier Account too.
Essentially, it boils down to how much your monthly expenditure is - the higher it is, the greater the interests you get to earn from the Multiplier Account. If you would be spending a lot in exchange for a better interest rate, why not milk the cashback from the POSB Everyday Card that doesn't have a monthly cap?
I hope this was helpful!
04 Aug 2019
05 Aug 2019
It doesn’t matter which card you get. Any amount spend on DBS or POSB credit card will do (even $1 mcd ice cream).
Choose one that will suit your spending pattern more.
Hey! I don't think it makes a difference as long as you have at least one credit card you spend more than $600 from DBS/POSB. I use the Live Fresh card as I spend mostly online and on paywave, usually about $800-$1000 a month.