facebookPOSB Everyday Card Reviews and Comparison - Seedly

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Credit Cards/POSB Everyday Card
Credit Cards/POSB Everyday Card
3.9
186 reviews
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Summary

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Summary of POSB Everyday Card Review 2022

POSB Everyday Card is a versatile card well-suited for everyday use and it offers cash rebates on a wide range of categories especially on daily expenses such as groceries, food delivery, online shopping, fuel as well as bills and utilities.

Card Features & Details

1) Key Features

  • Enjoy up to 10% cash rebates on selected local dining and online shopping merchants
  • Enjoy up to 3% cash rebates on recurring electricity and telco bills
  • Earn 0.40% interest p.a or more with your DBS Multiplier Account

2) Benefits

Dining

  • 10% cash rebates on online food delivery platforms, with a minimum spend of S$800 per calendar month
  • 3% cash rebates on all other dining spend (excluding fast food), with a minimum spend of S$800 per calendar month 

Grocery

  • Sheng Shiong: 5% cash rebates on grocery transactions in-store, capped at S$600 per calendar month
  • Red Mart: 5% cash rebates, with a minimum spend of S$800 per calendar month 

Online & Retail Shopping

  • Amazon.sg, Lazada, Qoo10, Shopee, RedMart, iHerb, Taobao: 5% cash rebates, with a minimum spend of S$800 per calendar month
  • Watsons: 3% cash rebates on in-store and online transactions
  • Pet Lovers Centre: 3% cash rebates on regular-priced items, with minimum spend of S$15 
  • Popular: 8% cash rebates on online and in-store purchases

Petrol

  • Up to 20.1% (10% SPC&U Card Discount + 5% DBS/POSB Card Discount + 6% POSB Everyday Card Rebate) fuel savings at SPC
  • Get additional 2% cash rebate when you meet minimum S$800 per calendar month

Bill Payment

  • Electricity bills: 2% cash rebates on iSwitch, Keppel Electic, and Senoko Energy (no minimum spend required)
  • Electricity bills: 3% cash rebates on SP Group, Geneco, Sembcorp Power, Union Power, Tuas Power (no minimum Spend required)
  • Telco bills: 3% cash rebates on Singtel, Singtel GOMO, StarHub, StarHub giga, M1, MyRepublic, Circles.Life (minimum spend of S$800 per calendar month)

Others

  • 0.3% cash rebate on all other transactions

3) Eligibility

  • Age: 21 
  • Minimum income requirements: S$30,000 and above per annum (Singaporean and PR) | S$45,000 and above per annum (Foreigners)

4) Fees & Charges

  • Annual fees: $192.60 (first year fee waiver)  
  • Late fee: S$100
  • Annual interest rate: 26.8%
  • Foreign currency transaction fee: 3.25%
  • Minimum monthly repayment: 3% or S$50, whichever is higher
  • Interest-free period: 25 days

Frequently Asked Questions

Can you enjoy annual fee waiver for POSB Everyday Card?

  • Yes, the annual fee for the POSB Everyday Card of $192.60 (inclusive of GST) is waived for the first year

Who should apply for the POSB Everyday Card?

  • Card users who are looking for a card to cover all general spending
  • DBS Multiplier account holders looking to earn extra interests

What is the minimum income requirement for the POSB Everyday Card?

  • Singapore/PR: Minimum Income of S$30,000
  • Non-Singaporean Minimum Income of S$45,000

Find out about the card's host of benefits, charges, promotions and eligibility criteria below.

...see more

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

Reviews (186)

3.9

186 Reviews

5
80
4
51
3
34
2
7
1
14

Service Rating

Speed of Approval

4.7

Ease of Fee Waiver

4.5

Customer Support

4.3
      Posted 4d ago

      Purchased

      POSB Everyday Card

      Not a good experience with this card. I remember trying to get an annual fee waiver is not possible and so decided cancel it and other cards are fuss free to use.

      0

      What are your thoughts?

      Posted 17 May 2022

      Purchased

      POSB Everyday Card

      [Useful For...] Everyday use and as a backup card [Fee Waivers] Was easy to call in and ask for a fee waiver [Others] However, I have not used this card in a long time as rewards are no longer competitive with so many alternatives around today. [Promotions and Perks] Need to hit about $800/month to get a $70 cash rebate. Not enticing to me.

      0

      What are your thoughts?

      Posted 11 May 2022

      Purchased

      POSB Everyday Card

      reasonable cashback card, this is my backup card. good for families. had an amazon fraudulent transaction on my card, and customer service was very prompt in cancelling the existing card and issuing a new one. thanks.

      0

      What are your thoughts?

      Posted 07 Apr 2022

      Purchased

      POSB Everyday Card

      [Useful For...] Useful to link with DBS Multiplier account for slightly higher interest rate [Customer Service] Customer Service is not bad. Had a fraudulent transaction and called in. Customer service swiftly block the card and issued new card. Received it after couple of days.

      0

      What are your thoughts?

      Posted 05 Apr 2022

      Purchased

      POSB Everyday Card

      [Customer Service] One of the best customer service offered by banks. Fast, and smooth process plus the quality of service is close to SIA standards

      0

      What are your thoughts?

      Posted 13 Mar 2022

      Purchased

      POSB Everyday Card

      I have not used this card in a long time, rewards are no longer competitive with so many alternatives around today

      0

      What are your thoughts?

      Posted 27 Dec 2021

      Purchased

      POSB Everyday Card

      First and go-to card for most expenses, which I had also linked to my phone for Paywave purchases and Ez-link. Accumulated some $Points which could be used to offset future bill payments. Understand that the cash back is capped, but I'm not spending THAT much now, so doesn't bother me. Using the DBS ecosystem - Multiplier, POSB credit card, so payment is auto GIRO every month and straightforward. Maybe will look to another card for big ticket items for unlimited cash back. Recently just applied to amend my statement cycle so that I can better track my monthly expenses via card.

      0

      What are your thoughts?

      Posted 14 Nov 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.

      0

      What are your thoughts?

      Posted 09 Nov 2021

      Purchased

      POSB Everyday Card

      POSB Everyday Card is a great option for families who spend across a variety of categories. Cardholders are frequently rewarded with high rates for spend in everyday spend categories. For example, consumers typically earn rebates of up to 10% on online food delivery, 5% on grocery purchases and online shopping, plus up to 21.8% in fuel savings. Even with its annual fee of S$192.6 (waived the first year), average spenders can quickly recoup the cost while earning additional rewards for daily spend. Pros Benefits highly diversified spend with large food budgets Great fit for commuters seeking a convenient, an all-in-one card Cons Not suitable for consistent spend of S$2k+/mo Lacks travel rewards Has an annual fee

      0

      What are your thoughts?

      Posted 27 Oct 2021

      Purchased

      POSB Everyday Card

      [Cashback Card] POSB Everyday Card is a great option for consumers who typically need to spend on groceries. They can earn rebates of up to 10% on online food delivery, 5% on grocery purchases and online shopping, plus up to 21.8% in fuel savings.

      0

      What are your thoughts?

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      No Posts Found.

      POSB Everyday Card Review 2021

      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%.

      Key Benefits of POSB Everyday Card

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

      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

      Best Cash Back Credit Card Review 2021: 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.

      Is POSB Everyday Card Worth it?

      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. The cashback rates are pretty decent, a good general all-in-one card for individuals with spendings in multiple categories. 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%.

      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 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

      • Choose between AirPods of S$200 cashback as your welcome gift by using their respective promo codes: "DBSAIRPODS", and "DBS200CASH"
      • 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
      • As the promotions tend to change often, do check POSB Everyday Card's official website for the most updated ongoing promotion.

      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

      • Apply Online via POSB's official page link above OR
      • Visit POSB

      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.

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