facebookPOSB Everyday Card Reviews and Comparison - Seedly
Seedly logo
Seedly logo
 

POSB Everyday Card

  • Overview
  • Reviews (161)
  • Questions (0)
  • More Details
Credit Cards/POSB Everyday Card
Credit Cards/POSB Everyday Card
4.0
161 reviews
Visit Site
claimed

Claimed

This product is managed by DBS.

USER RATINGS

Speed of Approval

4.7

Ease of Fee Waiver

4.6

Customer Support

4.4

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

[EXCLUSIVE REWARDS] Get S$200 cashback. For new DBS/POSB Credit Cardmembers only. Valid from 1 June to 30 September 2021. Terms and Conditions apply. Find out more below.

Product Page Transparency

  • Claimed in March 2021
  • Pays to access additional features

Highlights of POSB Everyday Card Review 2020

  • 15.0 % cash rebates on Online Food Delivery
  • 5.0 % cash rebates on Groceries at major supermarkets like Sheng Siong.
  • 20.1 % of Fuel savings at SPC
  • 1.0 % rebate on utilities from selected providers of the open electricity market.
  • Your cash rebates do not expire
  • Utilise cash rebates at over 200 partner outlets and through the DBS Lifestyle App
  • Earn 1.85 % p.a. or more as an account holder of DBS Multiplier
  • Base cashback rate of 0.30%, with no minimum spend required
  • However, to obtain the maximum cashback rates, there are minimum spend requirements assigned by the bank according to your spending habits

Read More about POSB Everyday Card
Reviews (161)

4.0

161 Reviews

  • 5
    72
  • 4
    43
  • 3
    27
  • 2
    7
  • 1
    12

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
      Updated 2d ago

      Purchased

      POSB Everyday Card

      [Useful For...] fulfilling tier requirement for multiplier account. min spending i think its only $1 [Promotions and Perks] i see theres a monthly 'promotional' event to encourage ppl to spend more ($800) to get some caashback or perks. Not worth it to spend so much with this card.

      0

      Post

      Updated on 14 May 2021

      Purchased

      POSB Everyday Card

      Applied it to fulfil the multiplier criteria. It isn’t the best card out there but it is a decent cash back card.

      0

      Post

      Updated on 06 May 2021

      Purchased

      POSB Everyday Card

      [Useful For...] This card offers rebates on a variety of categories such as dining, groceries, shopping, transport and recurring bills. It does offers spenders to earn cashback for diversified spending. However, the rebates are only applicable to selected merchants within each category (E.g. Groceries, online shopping, utilities) as such, the options can be quite limited. [Sign ups] Occasionally, there are quite attractive sign up bonuses offered. [Bill Payment] Good that the card is able to link to Multiplier account for slightly higher interest rate.

      0

      Post

      Updated on 25 Apr 2021

      Purchased

      POSB Everyday Card

      This is a so-so card. Only signed up to meet the tier requirements for DBS multiplier. Luckily, the fee waiver was easy and simple despite not spending more than $100 on the card annually. Otherwise, the plan would be to cancel both the card and multiplier and jump to other banks.

      1

      Anthony LAU

      03 May 2021

      Gosh, I spent an ave $4K a month and they denied me fee waiver (always paid in full on time!). I just canceled it and they didn't even ask any questions. Keep a look out for the annual fee in your statement. OCBC automatically waived the annual fee.

      Post

      Updated on 18 Apr 2021

      Purchased

      POSB Everyday Card

      I applied this card just to tag to the DBS multiplier account. There's no minimum spending too. The rebates depends on the amount you spend on the card and it will be reflected in DBS paylah so you can offset your spendings from there. A very simple credit card to start. Recommended for fresh grads.

      0

      Post

    Questions (0)
      Recent ActivityUnansweredTrending

      No Question Found.

      Exclusive Rewards

      Get S$200 cashback

      • Promotion is valid from 1 June to 30 September 2021
      • Use the promo code "200CASH"
      • Promotion is applicable to new DBS/POSB Credit Cardmembers only
      • 1 qualifying spend must be made on eligible goods and services within 30 days of card approval
      • Terms and Conditions apply
      • To apply, click on the "Apply Now" or "Visit Site" buttons

      POSB Everyday Card Review 2020

      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. POSB Everyday Card lives up to its namesake as it provides cash rebates for your everyday essential needs like groceries, petrol, food and utilities. Stand to earn a whopping 15% rebate on Online Food Delivery services like Grab and 5% of rebates on groceries at major supermarkets like Sheng Siong. Enjoy 20.1% of petrol savings at SPC stations. For utilities, get 1% off selected open electricity market providers. Furthermore, your collected rebates do not expire. You can use these rebates at over 200 of DBS Lifestyle Partner merchants including Apple Store and Google Play. If you are a DBS Multiplier account holder, spending on this card can help you accrue bonus interest rates of 1.85% p.a. in your multiplier account. However, to obtain the maximum cashback rates, there are minimum spend requirements assigned by the bank according to your spending habits. Not hitting the minimum spend will subject your transactions to the base cashback rate of 0.30%.

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

      Key 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

      Dining

      • 15% cash rebate on online food delivery and online food catering

      Groceries

      • 5% rebate on groceries at Sheng Siong (max S$1,000 per month)
      • 5% rebate on other major supermarkets or online grocery shopping

      Fuel/Petrol

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

      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)

      Others

      0.3% cash rebate on everything else

      Interest Rate

      POSB Everyday Card - Benefits

      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

      Best Cash Back Credit Card Review 2020: How does POSB Everyday Card compare?

      Pros:

      POSB Everyday Card lives up to its namesake as it provides cash rebates for your everyday essential needs like groceries, petrol, food and utilities. The cashback rates are pretty decent, a good general all-in-one card for individuals with spendings in multiple categories.

      Cons:

      It is also important to consider the minimum spend that is stipulated by the bank as the inability to meet it will reduce the advertised rebate rates to the base cashback rate of 0.30%.

      Not ideal for individuals who preferred spend in other specialised areas like Dining, Shopping, or Entertainment.

      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 the minimum payment is not received by the 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.

      POSB Everyday Card Promotions

      • Get $200 cashback OR Airpods ( from 1 April to 30 June 2020) for new sign-ups
      • To qualify for the cashback, new members must hit a minimum spend of $2000/month within the first two months of a card's approval date
      • Choose between AirPods of S$200 cashback as your welcome gift by using their respective promo codes: "DBSAIRPODS", and "DBS200CASH"

      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

      How to apply for POSB Everyday Card

      About POSB

      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.