Best DBS & POSB Credit Cards 2019

We've handpicked the best rewards cards from DBS and POSB. Each card has distinct strengths and weaknesses that make them ideal for different people. Read our reviews below to find out which one might be more suitable for you.

Best DBS & POSB Credit CardsCard Features
Best for MilesDBS Altitude VisaFee-waiver & perks like lounge access
Best for CashbackPOSB EverydayRebates on daily essentials + EZ-Link
Online ShoppingDBS Woman's World4 miles per S$1 for online shopping
Mobile PaymentsDBS Live Fresh5% rebate for online & contactless spend

Best Card for Travel Perks with Fee-Waiver: DBS Altitude Visa Card

DBS Altitude Visa Signature Card
DBS Altitude Visa Signature Card

Consider this if you want a good miles credit card with an easily waived annual fee

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Earn up to 3,100 miles after a spend of S$2,500 overseas and S$650 on Expedia travel bookings and earn 1 additional mile for every S$1 spend with an administrative fee of 2.2%
  • Up to 10 miles per S$1 spend on flight & hotel transactions with Expedia, Kaligo and 50% more miles on transactions with Mileslife

If you want to earn at top rewards rates and enjoy luxury travel perks–but aren’t willing to pay a massive annual fee–DBS Altitude Visa Card may be the card for you. Cardholders earn 1.2 miles per S$1 local spend, 2 miles overseas, and 3 miles for online travel bookings. These rates are fairly respectable, but what really stands out are the card’s special perks. Cardholders receive 2 free lounge visits/year, dining privileges via Visa Foodie Trail, golfing privileges throughout SE Asia, and free travel insurance.

Most travel cards with this many perks charge high annual fees. DBS Altitude Card, however, has a moderate S$192.6 fee which can be waived with just S$25,000 annual spend. Ultimately, if you’re spending about S$2,100/month and want to enjoy luxury perks when you travel, consider DBS Altitude Card.

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  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 1.2 miles per S$1 locally, 2 miles overseas, 3 miles for online travel bookings
  • Free travel insurance, 2x lounge visits, golfing & dining privileges
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Up to 15% fuel savings with SPC, 14% with Esso
  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 1.2 miles per S$1 locally, 2 miles overseas, 3 miles for online travel bookings
  • Free travel insurance, 2x lounge visits, golfing & dining privileges
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Up to 15% fuel savings with SPC, 14% with Esso

Best Rebate Card for Essentials + EZ-Link: POSB Everyday Card

POSB Everyday Card
POSB Everyday Card

Consider this if you are a busy homemaker who want to maximise savings on groceries, cosmetics, pharmaceutical, medical and petrol bills

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • S$50 welcome cashback for new customers

POSB Everyday Card is an exceptional rebate card for daily essentials. Not only do cardholders earn high rewards rates–15% cashback on online food delivery, 5% on dining & groceries, 10% on taxi & overseas, 3% on wellness and 1% on recurring bills–the card is also EZ-Link compatible. Most categories are merchant-limited and require a S$800 minimum spend. Category earnings are also individually capped, however, allowing cardholders to earn up to S$200+/month in rebates. This is by far the highest potential on the market amongst capped cards. If you tend to have a larger spend volume or make purchases for your family, POSB Everyday Card offers an excellent way to maximise rebates.

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  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 10% rebate on overseas spend
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • Up to 20.1% fuel savings with SPC, 10% on ComfortDelGro taxi rides
  • EZ-Link functionality
  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 10% rebate on overseas spend
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • Up to 20.1% fuel savings with SPC, 10% on ComfortDelGro taxi rides
  • EZ-Link functionality

Best Miles Card for Online Shopping: DBS Woman’s World MasterCard

DBS Woman's World Mastercard
DBS Woman's World Mastercard

Consider this if you need to make a large purchase that you can't immediately afford

Annual Income Requirement S$80,000
Foreigner Income Requirement S$80,000
Promotions:
  • Up to 10% off hotel bookings with Expedia
  • Complimentary use of Quayside for 1 trip service (cardholder + 1 companion)

DBS Woman’s World Card is a great card for frequent online shoppers who like to make big purchases and pay them back over time. Cardholders earn 4 miles per S$1 spend on online shopping, up to 8,000 miles/month (equal in value to about S$80). Other spend earns 0.4 miles per S$1 locally and 1.2 miles overseas, which is admittedly a bit low. Frequent shoppers, however, will also benefit from the DBS My Preferred Payment Plan, which split transactions of S$100+ into interest-free instalments across up to 12 months. While split payments don’t earn rewards, there isn’t a processing fee (most plans charge up to 5%).

Finally, DBS Woman’s World Card stands out for offering a fee-waiver. Cardholders are exempt from the S$192.6 fee with S$25,000 annual spend (about S$2,100/month). If you do most of your shopping online and would benefit from an instalment plan, DBS Woman’s World Card may be worth considering.

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  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 4 miles per S$1 spend on online shopping
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Hertz Gold Plus Rewards membership & access to Quayside
  • Up to 15% fuel savings with SPC, 14% with Esso
  • Annual fee: S$192.6, 1-year waiver, subsequently with S$25,000 annual spend
  • 4 miles per S$1 spend on online shopping
  • DBS My Preferred Payment Plan (0% interest instalments)
  • Hertz Gold Plus Rewards membership & access to Quayside
  • Up to 15% fuel savings with SPC, 14% with Esso

Best Rebates for Contactless & Online Spend: DBS Live Fresh Card

DBS Live Fresh Visa Card
DBS Live Fresh Visa Card

Consider this if you shop online or use mobile wallet frequently

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Up to 10% cashback on online and Visa payWave purchases and a welcome gift of S$50 cashback
  • Exclusive Zouk nightlife privileges

DBS Live Fresh Card is a great option for tech-friendly moderate spenders who prioritise convenience. Cardholders earn 5% cashback for online, contactless & mobile payments after a S$600 minimum spend. Essentially, this allows cardholders to earn on almost every purchase, with any merchant, anywhere. It’s worth pointing out, however, that earnings are capped at a rather low S$60/month, which can be quickly maxed out with S$1,200 monthly spend. Finally, DBS Live Fresh Card is also EZ-Link compatible, making it the epitome of convenience.

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  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with EZ-Link functionality
  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with EZ-Link functionality

Student Rebate Card + EZ-Link: DBS Live Fresh Student Card

DBS Live Fresh Student Card
DBS Live Fresh Student Card

Consider this if you want an all-in-one card with EZ-link compatibility

Annual Income Requirement N/A
Foreigner Income Requirement N/A
Promotions:
  • S$10 off Deliveroo order when you spend S$150 within 30 days of getting the card
  • Exclusive Zouk nightlife privileges

Students who want a credit card that provides more than rebates may be interested in DBS Live Fresh Student Card. Cardholders earn 0.3% cashback on all spend, up to S$20/month–a rate which is a bit higher than some alternatives. However, the card stands out because it’s also EZ-Link compatible and comes with great promotions tailored to young adults. While there’s a S$128.4 fee, it’s waived 5 years. At this point, most students will have transitioned to a mainstream card, or upgraded their account to the mature DBS Live Fresh Card.

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  • Annual fee: S$128.4, 5-year waiver
  • 0.3% rebate on all spend, up to S$20/month
  • No minimum spend requirement
  • S$500 credit limit
  • Annual fee: S$128.4, 5-year waiver
  • 0.3% rebate on all spend, up to S$20/month
  • No minimum spend requirement
  • S$500 credit limit

Best Petrol Card for Esso Loyalists: DBS Esso Card

DBS Esso Platinum Card
DBS Esso Platinum Card

Consider this if you want maximum savings at Esso petrol stations

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000
Promotions:
  • Up to S$120 fuel savings with min. S$200 nett fuel spend at Esso per month, for 3 months
  • Earn S$20 cashback with 1st digital transaction via digibank

If you almost always purchase petrol at Esso, you may want to consider DBS Esso Card. Cardholders can earn up to 21.1% fuel savings at Esso, with an additional 2.2% savings with the purchase of 250 litres of Synergy fuel. In addition, spend on Synergy fuel earns points, which can be redeemed for further Synergy Fuel vouchers. For example, 1 litre earns 1 point, and 300 points earn a S$10 fuel voucher. Cardholders also have access to a 0% interest instalment plan for motor insurance and road tax. Overall, if you’re an Esso loyalist, you can easily boost your savings with DBS Esso Card.

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  • Annual fee: S$85.6, 1-year waiver
  • Up to 21.1% fuel savings at Esso (+2.2% with purchase of 250 litres Synergy fuel)
  • Auto-enrolment into Esso Smiles Driver Rewards Programme
  • 0% interest, no-fee instalment plan for motor insurance & road tax
  • Annual fee: S$85.6, 1-year waiver
  • Up to 21.1% fuel savings at Esso (+2.2% with purchase of 250 litres Synergy fuel)
  • Auto-enrolment into Esso Smiles Driver Rewards Programme
  • 0% interest, no-fee instalment plan for motor insurance & road tax

Summary of Best DBS & POSB Credit Cards 2019

Below, we've prepared a summary of our picks for the best DBS & POSB credit cards 2019.

CardBest for...Annual Fee
DBS AltitudeNo-Fee Air MilesS$192.6 (waiver)
POSB EverydayEssentialsS$192.6
DBS Woman’s World0% Interest InstalmentsS$192.6 (waiver)
DBS Live FreshOnline & ContactlessS$128.4
CardBest for...Annual Fee
DBS AltitudeNo-Fee Air MilesS$192.6 (waiver)
POSB EverydayEssentialsS$192.6
DBS Woman’s World0% Interest InstalmentsS$192.6 (waiver)
DBS Live FreshOnline & ContactlessS$128.4

Similar Cards from Other Banks to Consider

It is helpful to evaluate each card by comparing it to its competitors. Here, we seek to shed more light on how DBS & POSB cards differ from other similar cards in the market to help you find the card you need. Dollar value of rewards is not the only important factor in choosing a credit card because each card caters to a unique set of demand. For instance, you should note that the dollar value can heavily depending on your spending habits. Make sure to read through each card's review and see if it fits your monthly budget and spending habits. There are also other "intangible" benefits like complimentary travel insurance and free access to airport lounges whose values are difficult to quantify but nevertheless incredibly valuable to some consumers.

A graph displaying how best DBS and POSB credit cards compare to other cards in Singapore in terms of their rewards
Comparing Dollar Value of Best DBS Cards and POSB Cards with Similar Cards from Other Banks

DBS Altitude Card vs Citi PremierMiles Visa Card

If you’re seeking an affordable travel card, consider Citi PremierMiles Visa Card. Cardholders earn 1.2 miles per S$1 locally and 2 miles overseas, and receive 10,000 annual bonus miles with each card renewal (worth S$210). Cardholders even receive free travel insurance and 2 free lounge visits/year. There is a S$192.6 fee, but it’s waived 2 years.

DBS Altitude Card, on the other hand, offers similar rates but with a few extra perks (golfing privileges, for example). The card also comes with a fee-waiver, though a relatively high spend threshold of S$25,000 is required. DBS Altitude Card does not, however, offer bonus miles. Ultimately, if you prefer maxmising miles to perks, you may be more interested in Citi PMV Card; if you spend S$2,100/month and prioritise perks, you may prefer DBS Altitude Card.

POSB Everyday Card vs OCBC 365 Card

OCBC 365 Card is the best no-fee rebate card for daily essentials on the market. Cardholders earn 6% cashback on dining and 3% on groceries, transport, online travel & recurring bills. There’s a S$800 minimum spend requirement, and cardholders can earn up to S$80/month. Finally, the S$192.6 fee is waived with just S$10,000 annual spend.

POSB Everyday Card is another great option for everyday cashback. Unlike OCBC 365 Card, however, many of its categories are merchant-restricted. While there’s no fee-waiver, the card is EZ-Link compatible. If you want to avoid a fee and dislike vendor limitations, you may prefer OCBC 365 Card; if you prioritise convenience and don’t mind shopping with select merchants to better maximise rewards, POSB Everyday Card is for you.

DBS Woman’s World Card vs Citi Rewards Card

Citi Rewards Card is one of the best miles-earning cards for retail shoppers. Cardholders earn 4 miles per S$1 spend on clothing, bags, shoes and other fashion items. Cardholders can earn up to 4,000 miles/month, and all kinds of transactions are rewarded–online, offline, local & overseas. It’s worth mentioning that there’s a S$192.6 fee, but it’s waived the 1st year.

DBS Woman’s World Card also offers 4 miles per S$1, but only for online fashion spend. While it’s less flexible than Citi Rewards Card, it has a higher earnings cap (8,000 miles/month) and even offers a fee waiver with S$25,000 spend. If you’re likely to spend S$2,100+/month on shopping online, DBS Woman’s World Card is a great choice; if you have a smaller budget and prefer flexibility, Citi Rewards Card may be a better option for you.

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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