POSB Everyday Credit Card Review: Will This Be Your Favourite Card?

SingSaver team

SingSaver team

Last updated 25 December, 2023

The POSB Everyday Card is designed to save money on your everyday essentials. Can you make the most out of it? Learn more about what this card has to offer.

It’s easy to see why the POSB Everyday Card is said to be Singapore’s favourite credit card. Besides being backed by POSB’s long heritage, the POSB Everyday Card promises cash rebates on groceries, transport/petrol, telecommunications, dining, shopping, travel/attractions and finally, utilities. Who could resist such a well-rounded offer?

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Looking for the best credit cards to complement your spending patterns and expenditure in 2024? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.


What can the POSB Everyday Credit Card do for you?

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In a nutshell, here’s what you need to know about the POSB Everyday card: 

Without minimum spend

  • 5% cash rebates at Sheng Siong, capped at Daily$30 per month
  • Up to 3% cash rebates on utility bills, capped at Daily$3 per month
  • Up to 20.1% cash rebates on fuel at SPC and 2% cash rebates at SpeedyCare, no monthly cap imposed
  • Up to 3% cash rebates at Watsons and Pet Lovers Centre (min. S$15 spend), no monthly cap imposed
  • 0.3% cash rebate on all other spend

With minimum S$800 spend

  • 10% cash rebates on online food delivery at foodpanda and Deliveroo; 3% cash rebates on all other dining spend
    • Capped at Daily$15 per month
  • 5% cash rebates on online shopping at Amazon.sg, Lazada, Qoo10, Shopee; 8% cash rebates at POPULAR and POPULAR online store
    • Capped at Daily$15 per month
  • 3% cash rebates on recurring telco bills, capped at Daily$3 per month
  • Earn 0.90% p.a. or more with DBS Multiplier Account when you credit your salary and spend on your card
  • Annual income requirement: S$30,000 (Singaporeans/PR), S$45,000 (Foreigners)
  • Minimum age: 21
  • Annual fee: S$196.20 (Principal Card), S$98.10 (Supplementary card)
✅ Pros
❌ Cons
10% cash rebates on foodpanda and Deliveroo spend; 3% cash rebates on other dining spend (excluding fast food) 
S$800 minimum spend per calendar month to earn online food delivery, dining, online shopping, and telco cash rebates
8% cash rebates on online shopping websites such as Amazon.sg, Lazada, Qoo10, Shopee, RedMart, and Taobao; 8% cash rebates at POPULAR stores
Dining, food delivery, and online shopping capped at Daily$15 per category per calendar month
5% cash rebates at Sheng Siong 
Sheng Siong cashback capped at Daily$30 per calendar month 
3% cash rebates at Watsons; 3% cash rebates at Pet Lovers Centre with min. S$15 spend 
Cashback on recurring utility bills and recurring telco bills are capped at Daily$3 per calendar month respectively
Up to 20.1% fuel savings at SPC + 2% cash rebates at SpeedyCare
 
Up to 3% cash rebates on recurring utilities and telco bills 
 
No monthly cap on fuel, Watsons, or Pet Lovers Centre spend
 

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.


Why should you choose the POSB Everyday card?

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#1: Enticing cash rebates

The biggest strength of this card is its versatility. From dining, petrol and food delivery to groceries and online shopping, the POSB Everyday Card has you covered. Apart from earning cash rebates on your recurring telco and utility bills, you even get to earn cash rebates when you shop at Watsons and Pet Lovers Centre.

While there’s a S$800 minimum spend per calendar month required in order to earn cash rebates on your online food delivery, dining, online shopping, and telco transactions, take heart that you can snag cash rebates at Sheng Siong and Watsons even if you don’t meet the S$800 minimum spend requirement. The latter is one of the most unique features of this cashback credit card.  

Read more:
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1-For-1 Buffet Dining Promotions in Singapore
28 Best All-You-Can-Eat Buffets in Singapore


#2: Flexible Daily$ redemption

You can offset any of your purchases with Daily$ at your convenience via DBS PayLah!. Want to offset your credit card bills, redeem Comfort/Citycab taxi vouchers or KrisFlyer miles? Simply redeem your Daily$ via POSB iBanking. 


#3: Exclusive merchant deals

The POSB Everyday Card lets you enjoy exclusive merchant deals all year round. The array of offers is broadly categorised into three major sections: shopping, utilities and attractions. 

For instance, POSB Everyday card members can enjoy 50% off admission tickets for Singapore Zoo, Jurong Bird Park, Night Safari and River Safari.


What charges or fees should you look out for?

  • Annual fee: S$196.20 for principal card (First year waived; 9% GST w.e.f. 1 Jan 2024), and S$98.10 per supplementary card
  • Late payment charge: S$100 (for outstanding balance over S$200)
  • Minimum monthly payment: 3% of the statement balance or S$50, whichever is greater, plus any amount that is overdue and/or exceeds your credit limit
  • Overlimit fee: S$40 if the total outstanding card balance exceeds the total credit limit at any time
  • Interest on purchases: 27.8% p.a. chargeable on daily basis (subject to compounding), minimum charge of S$2.50 imposed
  • Interest on cash advance: 28.5% of the amount withdrawn per transaction, chargeable on a daily basis (subject to compounding), minimum charge of S$2.50 imposed
  • Cash advance fee: 8% of amount withdrawn per transaction or S$15, whichever is greater
  • Foreign currency transaction fee: 3.25%
  • Dynamic currency conversion fee: 1%

Eligibility criteria

  • At least 21 years of age
  • Minimum annual income for Singapore citizens and PRs: S$30,000 
  • Minimum annual income for foreigners: S$45,000

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.


How to apply?

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Click on the ‘Apply Now’ button on this page and complete the application form on SingSaver site. You might need to prepare the following documents for the application process:

  • Front and back of NRIC/Passport/Employment Pass
  • Salaried employees
    • For less than 3 months: Latest original computerised payslip or company letter certifying employment and salary
    • For more than 3 months: Latest 3 month's original computerised payslip (otherwise 1 month's) or latest 3 months' salary crediting bank statements, or latest 12 months' CPF statements (otherwise 3 months')
  • Self-employed / Commission-earners: Latest 2 years' Income Tax Notice of Assessment

For whom is the POSB Everyday Card best suited for?

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This card is great for everyday use (hence the name POSB Everyday Card) and ideal for people who fancy the idea of consolidating their everyday expenses, particularly those who like to shop online, love ordering food in, frequently shop for groceries and more. 


For more cashback credit card options, you can toggle the table below.

DBS-Live-Fresh-Student-Card-1

Cashback rate 💵
5% on public transport, online, and mobile contactless spend
Up to 10% on selected eco-friendly merchants
Base cashback rate 💵
0.3% on all other spend
Min. spend requirement
S$600 per month
Cashback cap
S$75 per calendar month:
  • S$20 on online spend
  • S$20 on mobile contactless spend
  • S$15 on selected eco-friendly merchants
  • S$20 on all other spend

Citi-Cash-Back-Master-Credit-Card_2

Cashback rate 💵
8% on groceries and all fuel spend*
 
*Additional (up to) 20.88% fuel savings at Esso and Shell
6% on dining
Base cashback rate 💵
0.25% on all other spend
Min. spend requirement
S$800 per month
Cashback cap
S$80 per statement month

ocbc-frank

Cashback rate 💵
8% on foreign currency, online, and mobile contactless spend
Extra 2% on selected eco-friendly merchants
Base cashback rate 💵
0.3% on all other spend
Min. spend requirement
S$800 per month
Cashback cap
S$100 per calendar month:
  • S$25 per foreign currency spend
  • S$25 per online spend
  • S$25 per mobile contactless spend
  • S$25 per selected eco-friendly merchants

OCBC365

Cashback rate 💵

 
6% on food delivery, dining, and petrol*
 
*Up to 22.92% fuel savings at Caltex and up to 21.04% fuel savings at Esso
3% on groceries, ride-hailing services, utility bills, and online travel transactions
Base cashback rate 💵
0.3% on all other spend
Min. spend requirement
S$800 per month
Cashback cap
S$80 per calendar month

 

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