POSB Everyday Card

POSB Everyday Card

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Card NamePOSB Everyday Card
Cashback Rate3-5%
Monthly Cashback Cap$50 per month
Monthly Min SpendNone
HighlightsEveryday spending or if you frequent SPC or Sheng Shiong
More about POSB Everyday Card
Reviews (42)
Q&A (4)
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  • Vincent Tan
    Vincent Tan
    1 Reviews, 1 Upvotes
    Reviewed on 10 Jan 2019
    Good card. Started using this 1 year ago. Offers good rebates. Would recommend this card for people considering it.
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  • Joadine Tan
    Joadine Tan
    4 Reviews, 4 Upvotes
    Reviewed on 10 Jan 2019
    My to-go card for Petrol and Groceries shopping at Sheng Shiong. If I have to spend on necessities, I might as well do it in a savvy manner! Great card for household who owns a car and do heavy duty groceries!
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  • Bryan Chong
    Bryan Chong
    12 Reviews, 25 Upvotes
    Reviewed on 15 Aug 2018
    If you drive, there is absolutely no reason for you NOT TO GET THIS. Cashback 6% on literally everything in SPC, you can buy literally anything and get a 6% discount, on TOP of their crazy discounts? HAHAHAHA so like said, please apply for this basic, blue not so nice design card and make the best out of it. They also send timely emails for you to pay your bills? Amazing? Cheers to POSB team
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  • Cedric Cai QuanCai
    Cedric Cai QuanCai
    9 Reviews, 14 Upvotes
    Updated on 27 May 2018
    Best card to have it as the rebate system is excellent. when you spend more, you will gain back more rebate for future spending.
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  • Jeremy Lim
    Jeremy Lim
    3 Reviews, 4 Upvotes
    Reviewed on 10 Jul 2018
    I recommend that u get this card if u primarily shop at Watson’s (3% cash rebate and 6% when there is a promotion) and Sheng Siong (5% cash rebate). I also used it for local medical expenses (clinic, dental, hospital) as there is 3% cash rebate and as my ezylink card. Most importantly there is no minimum spend!
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  • Ariel Chan
    Ariel Chan
    2 Reviews, 3 Upvotes
    Reviewed on 10 Jul 2018
    Not the best card for day to day expenses, but love the occasional additional rebate from watson.
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Fees and Charges for POSB Everyday Card

  • Annual Principle Fee: $192.60
  • Annual Supplementary Card fee: $96.30
  • Fee waiver: 1 year annual fee waiver
  • Interest Free Period: 20 days
  • Annual Interest Rate: Prevailing interest rate of 28% p.a. (subject to compounding if the charges are not repaid in full) on the amount withdrawn, chargeable on a daily basis from the date of withdrawal until receipt of full payment.
  • Minimum monthly payment: 3% of the statement balance (or S$50, whichever is greater)
  • Late payment charge: A late payment charge of S$100if minimum payment is not received by due date, this is provided that outstanding balance is above S$50
  • Cash advance fee: 6% of the amount withdrawn per transaction or S$15, whichever is greater.

Eligibility for POSB Everyday Card

  • 21 years old and above
  • Income of S$30,000 and above per annum for Singaporeans and PR
    Income of S$45,000 and above per annum for foreigner

Key features of POSB Everyday Card

  • Up to 20.1% discount on petrol at Singapore Petroleum Company (SPC)
  • Get 5% cash rebate on overseas spendings
  • 5% rebate on groceries at Sheng Siong (max S$1,000 per month)
  • 3% cash rebate on Health, Beauty and Personal Care at Watsons
  • 3% rebate on medical bills for hospitals, medical and dental clinics
  • Up to 1% rebate on monthly telco, mobile, digital cable, broadband bills and in-store purchases, for StarHub customers only.
  • 1% cash rebate on SP services bills.
  • 0.3% cash rebate on everything else.

Terms and conditions of POSB Everyday Card

  • Cash rebate will be awarded on a maximum spend of S$1,000 (equivalent to Daily$50) at Sheng Siong per calendar month.
  • 1% cash rebate on your POSB Everyday Card for SP Group and StarHub will be credited by the end of the following calendar month on the month the transaction is made. No cash rebates will be awarded beyond the maximum spend of S$100 per month.
  • For SP Group, recurring charges are applicable only to accounts under the name of the main or supplementary cardholder.

Cash Rebate will not be awarded on:

  • payments to educational institutions
  • payment to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here)
  • payment to insurance companies (sales, underwriting, and premiums)
  • payment to non-profit organisations
  • Betting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks) through any channel
  • any top-ups or payment of funds to any payment service providers, prepaid cards and any prepaid accounts
  • bill payments and all transactions via AXS or SAM
  • instalment payment plan purchases, preferred payment plans, balance transfer, fund transfer, cash advances, annual fees, interest, late payment charges, all fees charged by DBS, miscellaneous charges imposed by DBS (unless otherwise stated in writing by DBS); any other transaction effected via any medium or channel, electronic or otherwise, which transaction, medium or channel DBS Bank may in its sole and absolute discretion choose to disallow Please note of the following changes: With effect from 1 October 2013,