POSB Everyday Card Reviews and Comparison - Seedly
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POSB Everyday Card

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  • Reviews (116)
  • Questions (14)
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Credit Cards/POSB Everyday Card

POSB Everyday Card

3.9
116 reviews

USER RATINGS

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Speed of Approval

4.7

Ease of Fee Waiver

4.7

Customer Service

4.6

POSB Everyday Card

Up to 15% on everyday necessities
CASHBACK
Up to $80
CASHBACK CAP
$800
MINIMUM SPEND

    POSB Everyday Card

    Up to 15% on everyday necessities
    CASHBACK
    Up to $80
    CASHBACK CAP
    $800
    MINIMUM SPEND

Details

About POSB (POSB Everyday Card)

As the oldest bank in Singapore, POSB aims to offer low-cost savings accounts for children, full-time students and National Servicemen. Some popular account types include POSBkids Account, POSB Savings, POSB Passbook Savings Account and POSB Current Account. On 16 November 1998, DBS Bank acquired POSB.

Read More about POSB Everyday Card
Reviews (116)

3.9

116 Reviews

  • 5
    50
  • 4
    27
  • 3
    23
  • 2
    6
  • 1
    10

Read Review About...

credit card

cashback card

cash rebate

everyday card

minimum spend

sheng siong

fee waiver

posb everyday

good card

rebate watson

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  • Updated 2d ago

    Purchased

    POSB Everyday Card

    This card is very useful especially when I have a Sheng Shiong outlet underneath my block. This helps to accumulate rebates from my daily purchase. Can be used as a EZ-Link card as well.
    0 comments
    0
  • Updated on 09 Feb 2020

    Purchased

    POSB Everyday Card

    [Promotions and Perks] - Everyday Exclusive Promotions [Cashback Card] - Cash rebates never expires and Up to 15% cash rebates [Fee Waivers] - Easy and hassle Free!
    0 comments
    0
  • Updated on 30 Jan 2020

    Purchased

    POSB Everyday Card

    Got it for 2 months just for SimplyGo (needed MasterCard at that time). Cancelled it when SimplyGo for Visa arrived. Couldn’t find a use for the card. And the new design is so ugly. The previous design was much better.
    0 comments
    0
  • Updated on 28 Jan 2020

    Purchased

    POSB Everyday Card

    [Fee Waivers] You don’t even need to call and go through the hassle of listening to the pre recording of options, if you are an existing digital banking user of POSB or DBS you simply need to create an email and send it to waive the annual fees, typically takes about 2-3days and you will receive a sms that it’s waived. So far the experience has been positive. [Promotions and Perks] You can accumulate quite a bit of Daily $ which can be use to offset your bills, i usually used it to offset my grocery shopping at Sheng siong. Uses this card for Sheng siong and Watson most of the time. There is also promotion on dining and you can also download app DBS lifestyle which has some freebies each month.
    0 comments
    0
  • Updated on 28 Jan 2020

    Purchased

    POSB Everyday Card

    [Card Hacks] Recently, they run a promotion for Coffee Beans. By paying with this car you can get any latte for half the price! [Fee Waivers] Free fee waivers as long as you use the card. [Cashback Card] Not a fantastic cashback card. [Promotions and Perks] Good for SPC petrol.
    0 comments
    0
Questions (14)

Recent Activity

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POSB Everyday Card

Cashback

SG Budget Babe

Credit Cards

Rais M
Rais M
Level 7. Grand Master
Answered on 24 Feb 2020
POSB Everyday Card is my first credit card. Using it lesser and lesser as the time pass. Maybe less than $100 a year. And I still managed to get the annual fee waived without any issues.
👍 0

Savings

POSB Everyday Card

Expenses

Salary

DBS Multiplier Account

Savings Accounts

Credit Cards

Eunice Yip
Eunice Yip
Level 4. Prodigy
Answered on 18 Dec 2019
There are some advantages to it such as getting cashback, miles exchange! That said, it can be thought as an emergency card, to provide you with the means to pay in really really urgent case. Of course, proper money spending and saving habits are important so that you do not get yourself into unnecessary debt. I see it as a good to have, not necessary a must have of you are still young.
👍 0

POSB Everyday Card

Maybank

Credit Cards

Leslie Koh
Leslie Koh
Level 6. Master
Answered on 20 Oct 2019
Depends on what you intend to use for. If you frequent Malaysia, Maybank Family & Friends will be better If you are just using in Singapore, POSB Everyday Card makes more sense. Do take note, there’s a minimum spending required.
👍 1

DBS Altitude Visa Signature Card

POSB Everyday Card

DBS Live Fresh Card

Fresh Graduates

DBS Multiplier Account

Credit Cards

Yong Kah Hwee
Yong Kah Hwee
Level 8. Wizard
Answered on 21 Aug 2019
Most cashback cards require you have had minimum spending before you can get the cashback. As for the DBS Altitude, if you don't think you can hit that amount, then don't force yourself to. There's no need to take advantage of the promotion; the card benefits are good enough (in my opinion at least).
👍 0

DBS

DBS Live Fresh Card

POSB Everyday Card

DBS Multiplier Account

Savings Accounts

Credit Cards

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.
👍 6

POSB Everyday Card

DBS Multiplier Account

Credit Cards

Aik Kai
Aik Kai
Level 7. Grand Master
Answered on 25 May 2019
Your credit card is an account on it own (confusing I know) so there is no need to "link" it to your mulitpler. As long as your credit card and your Mulitpler account is under your name, DBS will recognise it so there is no need to do any extra steps.
👍 1

POSB Everyday Card

Lifestyle

DBS Multiplier Account

Credit Cards

Einn Hann
Einn Hann
Level 3. Wonderkid
Answered on 13 Jun 2019
1. Yes, you don't even need to call in to request to waive off the annual fee. You can just submit a request thru internet-banking. You may referring to this http://sgbeyourownboss.com/dbs-3-8-high-interest-saving-account/. 2. For investment, you can consider POSB Invest-Saver, or buying SSB. The dividend credited in your DBS account will be counted.
👍 0

POSB Everyday Card

Fresh Graduates

DBS Multiplier Account

I use POSB Everyday card. Just buy a $1 ice cream from mcdonald and you qualified the credit card spend category. Plus, this card has no min spend required. You can use it for groceries, watsons too.
👍 1

POSB Everyday Card

Fresh Graduates

DBS Multiplier Account

Credit Cards

Tay WenHao
Tay WenHao
Level 6. Master
Answered on 02 May 2019
Hi. It depends on what you are actually spending on. For POSB Everyday card, its benefits are for specific merchants. Like SPC and Sheng Siong for the high cashback. Bills is only 1% and everything else is only 0.3%. Which means that if you use the card for any other transactions like online shopping you only get 0.3%. I'm currently using DBS Livefresh Card. 5% rebate for Online spending (capped at $20) and also 5% for paywave transactions (also capped at $20). But minimum spending of $600/mth. If you are unable to hit the min spending it'll be 0.3% (same as POSB Everyday)
👍 0

POSB Everyday Card

Jonathan Chia Guangrong
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 8. Wizard
Answered on 30 Apr 2019
For the posb everyday card, like other credit cards available here can be applied by foreigners. You need to prove that you have an annual income of $45k and above
👍 0
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POSB Everyday Card

Credit cards might seem like a heavy commitment - but that's where the POSB Everyday Card comes in, complete with cash rebates and a no minimum spend, unlike most of its counterparts.

Find out how a cashback credit card works, and the difference between cashbacks and cash rebates.

Eligibility for POSB Everyday Card

To be eligible for the POSB Everyday Card, you'll have to meet the following criteria:

  • 21 years old and above
  • For Singaporeans and PRs: Minimum annual income of S$30,000
  • For foreigners: Minimum annual income of S$45,000

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 fee of S$100 applies if 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.

Key Features and Benefits of POSB Everyday Card

These are some features of the POSB Everyday Card and the cashback benefits it has to offer.

POSB Everyday Card Benefits

What You'll Get

Interest Rate

Dining

  • 5% cash rebates on restaurants, cafes, fast food outlets, food courts, hawker centres, coffeeshops and more
  • 15% cash rebate on online food delivery and online food catering

Fuel/Petrol

  • Up to 20.1% discount on petrol at Singapore Petroleum Company (SPC)
  • 2% cash rebate at Speedycare

Public Transport

  • 15% cash rebates on: Parking.sg, and bus and MRT rides (with SimplyGo)
  • 5% cash rebates on ride-hailing services (e.g. Grab) and taxis

Utilities & Telecommunication

  • 1% cash rebate on electricity bills at Geneco, iSwitch, sembcorp, Union Power, SPgroup, Best Electricity, ohm and Tuas Power Supply
  • Up to 1% rebate on recurring mobile, digital cable, broadband bills and in-store purchases (StarHub customers only)

Groceries

  • 5% rebate on groceries at Sheng Siong (max S$1,000 per month)

Others

0.3% cash rebate on everything else

POSB Everyday Card - Benefits

POSB Everyday Card Promotions

  • New POSB Everyday member sign-ups enjoy $120 cashback
  • To qualify for the cashback, new members must hit a minimum spend of $800/month within the first two months of a card's approval date
  • Promotion is valid till 31 March 2020

Terms and conditions of POSB Everyday Card

  • Cash rebates will be awarded on a maximum spend of S$1,000 (equivalent to Daily$50) at Sheng Siong per calendar month.
  • Cash rebates don't have an expiry date
  • 1% cash rebate on your POSB Everyday Card for SP Group and StarHub are capped at $100 per month. Cash rebates will be credited by the end of the following calendar month on the month the transaction is made.
  • For SP Group, recurring charges are applicable only to accounts under the name of the main or supplementary cardholder.

Cash rebates are not 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

POSB Contact Info

  • Customer service: 1800 339 6666
  • Credit card support: 1800 339 6963

Still unsure? Find out everything you need about credit cards - including what the best credit cards in Singapore are for miles and cashback, factors to consider before getting one, fees to know, and why a good credit score matters.

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