Credit Card Comparison: POSB Everyday vs Citi Cash Back vs OCBC 365

Denise Bay

Denise Bay

Last updated 03 July, 2023

Choices are never easy. That’s why, we do the math, so you don’t have to. Compare This, a SingSaver series, is here to help make decisions a little easier for you.


While cashback credit cards are a permanent fixture in many people’s wallets, they sure aren’t all the same. POSB Everyday vs Citi Cash Back vs OCBC 365: Find out which credit card fares the best in helping you milk every dollar as you spend on essentials.

Cashback credit cards designed for daily expenses exist. POSB Everyday, Citi Cash Back and OCBC 365 reward cardmembers with generous cashback when they spend on daily essentials like dining, groceries and fuel for their car. 

The cashback rates offered by POSB Everyday, Citi Cash Back and OCBC 365 are much higher than those that flat-rate cashback credit cards have to offer. However, to bag the generous cashback, cardmembers have to meet the monthly minimum spend requirement. 

This may or may not work for you as it largely depends on your lifestyle and monthly expenses. 

In this comparison article, we will pit three cashback cards against each other: POSB Everyday vs Citi Cash Back vs OCBC 365. 

Find out what each card has to offer and which one could be the right fit for you. 

POSB Everyday vs Citi Cash Back vs OCBC 365

Credit card  Key benefits
POSB Everyday Up to 10% cashback on dining and online shopping at selected e-Marketplaces

Earn 0.40% p.a. or more with DBS Multiplier Account
Citi Cash Back 8% cash back on groceries and petrol

6% cashback on dining
OCBC 365 5% cashback on dining and online food delivery

3% cashback on groceries, land transport, utilities, streaming, drugstore and electric vehicle charging

What these cashback credit cards have in common 

These three cashback credit cards rewards big time on everyday purchases, such as dining, groceries and petrol purchases. POSB Everyday, Citi Cash Back and OCBC 365 are accessible, too, requiring a minimum annual income of just S$30,000.

How these cashback credit cards differ

While POSB Everyday, Citi Cash Back and OCBC 365 are cashback credit cards, they differ largely in their cashback workings and cashback caps. 

Read on to find out what each credit card has to offer and if any one of them could be the right fit for you and your lifestyle.

Comparison #1: Cashback workings

  POSB Everyday Citi Cash Back OCBC 365
Cashback workings Up to 10% cashback on dining

8% cashback on online shopping on RedMart, iHerb, Lazada, Qoo10, Shopee, Amazon.sg, Taobao and Popular Online Store

5% cashback at Sheng Siong

3% cashback at Watsons

Up to 20.1% fuel savings at SPC with no min. spend

Extra 2% SPC fuel savings when you spend at least S$800 in the calendar month. Valid till 31 Mar 2022

Up to 3% cashback on recurring electricity bills

3% cashback on recurring telco bills

0.3% cashback on all other transactions
8% cashback on groceries at supermarkets and grocery stores worldwide

Up to 20.88% fuel savings at Esso and Shell and 8% cashback at other petrol stations worldwide

6% cashback on dining worldwide

0.25% cashback on all other retail purchases
5% cashback on dining and online food delivery

3% cashback on groceries, land transport (Grab, Gojek, TADA, taxi rides), streaming, drugstore and electric vehicle charging

Up to 22.1% and 20.2% fuel savings at Caltex and Esso respectively

6% cashback on fuel spend at all petrol service stations

0.25% cashback on all other expenses 

If you spend a fairly big chunk of your money on groceries every month, Citi Cash Back is a strong contender since it lets you earn a whopping 8% cashback on groceries daily and there’s no restriction on which supermarket you can purchase groceries from to take advantage of the generous cashback. 

For regular ride-hailers, OCBC 365 might be a sweet addition to your arsenal of credit cards as it is the only one amongst the three that lets you earn cashback on rides.

Comparison #2: Minimum spend required to earn high cashback

  POSB Everyday Citi Cash Back OCBC 365
Minimum spend Min. spend of S$800 required to earn up to 10% on dining. Valid till 31 Dec 2021

Min. spend S$800 required to earn 8% cashback on online shopping on RedMart, iHerb, Lazada, Qoo10, Shopee, Amazon.sg, Taobao and Popular Online Store. Valid till 31 Dec 2021 

Base cashback on all retail purchases stands at 0.30%
Min. spend of S$800 in a statement month required to enjoy 8% and 6% cashback

Base cashback on all retail purchases stands at 0.25%
Min. spend of S$800 in a calendar month required to earn 5% and 3% cashback

Base cashback on all purchases stands at 0.25%

POSB Everyday, Citi Cash Back and OCBC 365 all require cardmembers to make a minimum spend of S$800 in order for the high cashback rates to kick in. The base cashback rates are 0.3%, 0.25% and 0.25% respectively. 

That said, there’s something unique about POSB Everyday – you can earn cashback on Sheng Siong purchases, Watsons purchases, recurring electricity and telco bills as well as enjoy SPC discounts even if you don’t meet the S$800 minimum spend.

Comparison #3: Cashback cap

  POSB Everyday Citi Cash Back OCBC 365
Cashback cap Dining cashback capped at S$15 per calendar month. Valid till 31 Dec 2021

Online shopping cashback capped at S$15 per calendar month. Valid till 31 Dec 2021 

Sheng Siong cashback capped at S$30 per calendar month 

Cashback on recurring electricity bills and recurring telco bills are capped at S$3 per calendar month respectively 
S$80 cashback cap per statement month S$80 & S$160 cashback cap per calendar month depending on spending tier hit

All three cashback credit cards come with cashback caps. Citi Cash Back have a total cashback cap of $80 per month whereas POSB Everyday has varied cashback caps on most categories. But the two cards have nothing on the OCBC 365 card with an upsized S$160 cashback cap per month. 

Conclusion: Which one should you choose?

POSB Everyday, Citi Cash Back and OCBC 365 are pretty different when it comes to their cashback rates and exact categories you can earn high cashback on even though they are all cashback credit cards. 

Choose Citi Cash Back or OCBC 365: Citi Cash Back and OCBC 365 offer a more fuss-free experience for cardmembers as their cashback mechanics are more straightforward. You can pretty much bag your cashback as long as you spend under those listed qualified categories and meet the minimum spend requirement for the month. 

SingSaver's Exclusive Offer: Receive the following rewards when you sign up for a Citi Credit Card:

Citi PremierMiles_Campaign_BLOGARTICLE_800x250

Citi PremierMiles Card: Receive a Dyson Supersonic (worth S$699) or an Apple iPad 9th Gen (worth S$508.30) or 15,600 KrisFlyer Miles or S$350 eCapitaVoucher or S$300 Cash upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 6 June 2024. T&Cs apply.

Citi_CC_KV2_BLOGARTICLE_800x250

Other Citi Credit Cards: Receive a Dyson Supersonic (worth S$699) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Sony Portable Theatre System HT-AX7 (worth S$759) or S$350 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 6 June 2024. T&Cs apply.

Pay_To_Upgrade_Rewards_Campaign_BLOGARTICLE_800x250-1

Plus, upgrade your rewards when you top up S$999 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,488 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 2 June 2024. T&Cs apply.

 

 

Choose POSB Everyday: Things work slightly differently for POSB Everyday. Cardmembers can enjoy the SPC discounts and earn the 5% Sheng Siong cashback, 3% Watsons cashback and up to 3% cashback on recurring electricity bills and 3% cashback on recurring telco bill cashback straightaway, albeit with caps on how much cashback you can earn on these spending (excluding Watsons). This is the case even if you can't meet the S$800 spend requirement.

On the contrary, you will only earn the meagre base cashback on your spending with Citi Cash Back and OCBC 365 if you do not meet the S$800 spend requirement!

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.

Read these next:
Best Cashback Credit Cards In Singapore
Credit Card Comparison: DBS Altitude vs Citi PremierMiles vs OCBC 90N
Credit Card Comparison: DBS Live Fresh vs UOB YOLO vs OCBC FRANK
Cashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You?
Best Air Miles Credit Cards In Singapore
Best OCBC Credit Cards in Singapore 

 

While Denise has a thing for travel, K-dramas, 0% sugar bbt (with boba!), Japanese cuisine and flat white, her curious nature means all sorts of random tabs are open on her phone 24/7. She doesn’t like to pay full price for anything, too.

FINANCIAL TIP:

Use a personal loan to consolidate your outstanding debt at a lower interest rate!

Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences!