POSB Everyday Card Reviews and Comparison - Seedly
 

POSB Everyday Card

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  • Reviews (110)
  • Questions (13)
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Credit Cards/POSB Everyday Card
POSB Everyday Card
3.9
110 reviews

USER RATINGS

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Speed of Approval

4.7

Ease of Fee Waiver

4.8

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.

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Reviews (110)

3.9

110 Reviews

  • 5
    47
  • 4
    24
  • 3
    24
  • 2
    5
  • 1
    10

Read Review About...

credit card

cash rebate

cashback card

everyday card

minimum spend

sheng siong

posb everyday

good card

rebate watson

card rebate

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  • Updated 6d ago

    Purchased

    POSB Everyday Card

    POSB DBS one of Singapore favourite bank. If they can improve the customer service experience more will be great for Long term. Anyway, if they don’t improve also they are the Singapore biggest bank. :)
    0 comments
    0
  • Posted on 11 Dec 2019

    Purchased

    POSB Everyday Card

    A decent tool for the toolbox. My advice is get cards from all the main banks, spread some cash in each, to get best offers in more places. So easy to do nowadays, well worth the short time required
    0 comments
    0
  • Posted on 03 Dec 2019

    Purchased

    POSB Everyday Card

    It’s a card with a wide spectrum of incentives, but I have to say the cashback for this card is not high. Since this card have good discount and cashback with SPC petrol, Sheng Siong and Watsons, it’s a must-have card in the wallet, although I will have to says it’s is not one that you should spend your big ticket items with.
    0 comments
    0
  • Posted on 03 Dec 2019

    Purchased

    POSB Everyday Card

    The rebate is really pathetic, though it claims to be up to x%, it's only applicable to 1 transaction and the rest is only 0.3%, however this is not made known but hidden in t&c. There are also other hidden terms and conditions as well. There're way better cashback cards in the market with better rebates and simpler usage.
    0 comments
    0
  • Posted on 30 Nov 2019

    Purchased

    POSB Everyday Card

    A hassle free and simple card to use. There are many rebates (can be found on their website) I hope the perks could be slightly better seeing that I use this card everyday
    0 comments
    0
Questions (13)

Recent Activity

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Credit Card

Savings

Bank Account

DBS Multiplier

POSB Everyday Card

Expenses

Salary

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.

Credit Card

POSB Everyday Card

Maybank

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.

Credit Card

DBS Multiplier

DBS Altitude Visa Signature Card

POSB Everyday Card

DBS Live Fresh Card

Fresh Graduates

Kh
Kh
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).

Credit Card

Bank Account

DBS

DBS Multiplier

DBS Live Fresh Card

POSB Everyday Card

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.

Credit Card

DBS Multiplier

POSB Everyday Card

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.

DBS Multiplier

POSB Everyday Card

Credit Card

Lifestyle

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.

DBS Multiplier

POSB Everyday Card

Fresh Graduates

Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 9. God of Wisdom
Answered on 01 May 2019
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.

DBS Multiplier

Credit Card

POSB Everyday Card

Fresh Graduates

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)

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

POSB Everyday Card

Bank Account

Fresh Graduates

Credit Card

Albert Millardo
Albert Millardo
Level 3. Wonderkid
Answered on 24 Oct 2018
Nope there is no minimum spending for POSB Everyday Card. However though the cash rebate is not directly credited to your credit card account. It will be in terms of Daily$ which you will need to manually redeem to offset your credit card balance.
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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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