POSB Everyday Cashback Credit Card
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Summary
POSB Everyday Card Review 2024
Even during uncertain times, every single day can be rewarding with the POSB Everyday Card.
It’s the easiest way to save as you spend on your everyday essentials and more, with up to 10% cash rebates on categories like dining, groceries, utilities, and online shopping.
Product Page Transparency
- Pays to access additional features
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 an additional 2% cash rebate when you meet a 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, and Tuas Power (no minimum spend required)
- Telco bills: 3% cash rebates on Singtel, Singtel GOMO, StarHub, StarHub giga, M1, MyRepublic, and Circles.Life (minimum spend of S$800 per calendar month)
Others
- 0.3% cash rebate on all other transactions
3) Eligibility
- Age: 21 years old and above
- Minimum income requirements:
- Singaporeans and PRs: S$30,000 and above per annum (Singaporean and PR)
- Foreigners: S$45,000 and above per annum
4) Fees & Charges
- Annual fees: $196.20 (first-year waived)
- 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 $196.20 (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.
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Summary
POSB Everyday Card Review 2024
Even during uncertain times, every single day can be rewarding with the POSB Everyday Card.
It’s the easiest way to save as you spend on your everyday essentials and more, with up to 10% cash rebates on categories like dining, groceries, utilities, and online shopping.
Product Page Transparency
- Pays to access additional features
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 an additional 2% cash rebate when you meet a 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, and Tuas Power (no minimum spend required)
- Telco bills: 3% cash rebates on Singtel, Singtel GOMO, StarHub, StarHub giga, M1, MyRepublic, and Circles.Life (minimum spend of S$800 per calendar month)
Others
- 0.3% cash rebate on all other transactions
3) Eligibility
- Age: 21 years old and above
- Minimum income requirements:
- Singaporeans and PRs: S$30,000 and above per annum (Singaporean and PR)
- Foreigners: S$45,000 and above per annum
4) Fees & Charges
- Annual fees: $196.20 (first-year waived)
- 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 $196.20 (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.
3.9
195 Reviews
Service Rating
Speed of Approval
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High to Low
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 05 Mar 2023
Purchased
POSB Everyday Card
[Useful For...] a good backup Mastercard. Does not have much promos attached to the card compared to SC and UOB. decent cashback0
What are your thoughts?Posted 05 Oct 2022
Purchased
POSB Everyday Card
Very useful especially if your spend is high in the categories where's there's points, for example, petrol at SPC.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 standards0
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 06 Sep 2021
Purchased
POSB Everyday Card
Good credit card especially if you buy groceries with sheng siong. Not only 8% rebate but theres always promotions with it. Downside is i am yet to recieve my $250 cashback promotion0
What are your thoughts?Posted 26 Aug 2021
Purchased
POSB Everyday Card
One of better cashback cards out there with rebates for groceries and bills. Worth considering this card for an entry level card.0
What are your thoughts?Posted 23 Aug 2021
Purchased
POSB Everyday Card
One of the best entry level cashback cards in the market! Super useful for grocery shopping, but remember to hit the min. spend per month0
What are your thoughts?11 Jul 2021
[Useful For...] kids and teenagers who are trying to build credit this review is a test as i am interested in becoming0
What are your thoughts?23 Jun 2021
Purchased
POSB Everyday Card
This card is really awesome. Being able to easily arrange for installment on your big spending, that is really plus point for customer journey.0
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POSB Everyday Card Review
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
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 |
|
Groceries |
|
Fuel/Petrol |
|
Utilities & Telecommunication |
|
Others | 0.3% cash rebate on everything else |
Interest Rate |
|
POSB Everyday Card - Benefits
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: $196.20
- 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.
Still unsure? Find out everything you need to know 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.
Still have questions? You can ask the Seedly Community (anonymously, if you'd prefer) for their insights and discuss which credit card you should get.
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 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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