DBS Live Fresh vs. POSB Everyday Credit Card Comparison 2020

If you're looking for a new cashback card, you may be already be considering DBS Live Fresh Card or POSB Everyday Card. After all, both are quite well-known within Singapore and offer cardholders the opportunity to earn rewards for nearly all of their spend. These cards are actually quite different, however, each with its own strengths and weaknesses. We've closely analysed the rewards rates, perks and fees for both of these options to help you determine which might be better for you.

  • Details of rebate system & structure
  • General & boosted cashback rates
  • Minimum spend requirements & monthly rewards caps
  • Maximum potential annual earnings
Comparison of Perks & Privileges
  • Travel insurance offerings
  • Current petrol promotions & savings
  • SimplyGo & mobile pay compatibility
  • Extra rebate programmes & card-specific privileges
Comparison of Fees & Requirements
  • Minimum age & minimum income requirements
  • Annual fees, spend-based waivers & sign-on bonuses
  • Foreign transaction fees

Comparison of Competitive Rebate Cards in Singapore by Dollar Value

Based on an average monthly spend of S$2,000, we analysed some of the most competitive rebate cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how competitive rebate credit cards compare to one another in terms of their rewards
Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Comparison of Competitive Rebate Cards in Singapore by Dollar Value

Based on an average monthly spend of S$2,000, we analysed some of the most competitive rebate cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how competitive rebate credit cards compare to one another in terms of their rewards
Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Overview: DBS Live Fresh vs. POSB Everyday Card

While both DBS Live Fresh Card and POSB Everyday Card can ostensibly be used as "catch all" cards for daily essentials, their differing rebate and rewards structures make them best-suited to different types of spenders. As an essentially flat rebate card, DBS Live Fresh caters to modern consumers who want an easy-to-use card. POSB Everyday Card offers competitive promotions and rates on essentials, but has a few complications that make it less straightforward to use. We've expanded on the similarities and differences between these cards in the sections below.

Summary Comparison Table: DBS Live Fresh vs. POSB Everyday Card

CategoryFeatureDBS Live FreshPOSB Everyday
RatesMin. Spend Req.S$600/moVaries
Rebate Boosts
  • 5% online shopping
  • 5% Visa payWave purchases
  • 15% online food delivery & catering
  • 5% dining & select groceries
  • 3% personal care at Watsons
  • 1% select recurring bills
Earnings Cap
  • S$60
  • Varies
PerksPetrol SavingsUp to 14% fuel savings at EssoUp to 20.1% fuel savings at SPC
CompatibilitySimplyGo & Mobile Pay CompatibleSimplyGo & Mobile Pay Compatible
Card Privileges#FreshDropFriday SweepstakesPOSB Exclusive Merchant Deals
FeesAnnual FeeS$192.6S$192.6
Waiver OptionWaived for 1 yearWaived for 1 year
POSB Everyday Card's minimum spend requirement is set by DBS/POSB and varies from one consumer to the next; the earnings cap also varies according to frequent promotional changes. Additional details apply. See sections below or card websites for a further breakdown of information

Rewards Rates: DBS Live Fresh vs. POSB Everyday Card

Technically, DBS Live Fresh and POSB Everyday Card offer rewards on a month-to-month basis based on category boosts. However, the details of their rebate structures set them apart. To begin with, DBS Live Fresh Card rewards consumers with 5% cashback on online purchases and contactless transactions, all after S$600 minimum spend. These categories, however, lend themselves to almost any type of purchase–especially given how many vendors now accept tap and pay in Singapore. As a result, DBS Live Fresh functions almost like a flat rate card; modern consumers comfortable with using a digital wallet can easily earn cashback on nearly all of their spend.

POSB Everyday Card is a bit more complicated. Cardholders earn cashback boosts ranging from 1% to up to 15% in different categories (dining, groceries, personal care, recurring bills & more), which occasionally change or shift according to promotions. Furthermore, some of these rewards categories are merchant restricted or apply to local spend only, requiring consumers to carefully track their purchases. Finally, there is no static minimum spend requirement. Cardholders must each meet a Personalised Spend Goal set by the bank, which varies from consumer to consumer. As a result, DBS Live Fresh Card is definitely an easier-to-use option, even though POSB Everyday Card may offer higher promotional rates.

Comparison Table: Cashback Rewards

FeatureDBS Live FreshPOSB Everyday
Rebate StructureMonthly SystemMonthly System
Rate StructureCategory BoostsCategory Boosts
Base Rate0.30%0.30%
Min. Spend Req.S$600Personalised Spend Goal
Boosts
  • 5% online shopping
  • 5% Visa payWave purchases
  • 15% online food delivery & catering
  • 5% dining & select groceries
  • 3% personal care at Watsons
  • 1% select recurring bills
Mo. Rewards Cap
  • S$60
(S$20/category)
  • Varies
Max Annual EarningsS$720Varies
POSB Everyday Card's minimum spend requirement is called a Personalised Spend Goal, which is set by DBS/POSB and varies by consumer; the earnings cap also varies extensively according to promotional changes. Additional details apply. See card websites for a further breakdown of information

DBS Live Fresh Card isn't as straightforward as it might seem at first blush, however. While cardholders can technically earn up to S$60/month, this cap is divided between the 3 categories. While cardholders can quickly max out the online and contactless categories with just S$400 spend in each, it would take S$6,667 general spend to max out the final category, given the low 0.30% rate. Ultimately, cardholders should instead expect to earn S$40-S$45/month at most with DBS Live Fresh Card. Those spending more than S$800/month might want to look for a more flexible option.

Perks & Privileges: DBS Live Fresh vs. POSB Everyday Card

DBS Live Fresh and POSB Everyday Card each have perks that cater to a specific audience. The first focuses on young millennials. Cardholders have access to special promotions and sweepstakes as part of #FreshDropFriday. In previous contests, winners have received everything from gaming systems to customised sneakers. Cardholders also have access to special dining and lifestyle discounts, making it easy to save on fast food, live entertainment and more.

Comparison Table: Card Perks & Privileges

FeatureDBS Live FreshPOSB Everyday
Travel InsuranceN/AN/A
Petrol SavingsUp to 14% fuel savings at EssoUp to 20.1% fuel savings at SPC
Transit PerksSimplyGo CompatibleSimplyGo Compatible
Mobile PayGoogle Pay, Apple Pay, Samsung Pay & moreGoogle Pay, Apple Pay, Samsung Pay & more
Card Privileges#FreshDropFriday Sweepstakes, DBS Dining & Lifestyle DealsPOSB Exclusive Merchant Deals
Additional details apply. See card websites for a further breakdown of information

POSB Everyday Card's perks appeal more towards household spenders. Cardholders have access to POSB Exclusive Merchant Deals which typically center on utilities (sign-on bonuses with select companies), health (discounted check-ups, deals on supplements) and shopping (extra rebates with select fashion brands). While promotions change frequently, there are almost always a broad range of practical deals available to consumers.

Fees, Promos & Requirements: DBS Live Fresh vs. POSB Everyday

Finally, DBS Live Fresh and POSB Everyday Card are actually quite similar in terms of fees and requirements. Both cards have a S$192.6 annual fee, which is waived after the 1st year. While this waiver length is shorter than that offered by some competitors, cardholders whose accounts are in good standing may be able to call in and request an extension–though there are no guarantees.

Comparison Table: Requirements, Promos & Fees

FeatureDBS Live FreshPOSB Everyday
Minimum Age21 yo21 yo
Minimum Income
  • SG & PR: S$30,000
  • Foreigners: S$45,000
  • SG & PR: S$30,000
  • Foreigners: S$45,000
Annual FeeS$192.6S$192.6
Waiver OptionWaived for 1 yearWaived for 1 year
Sign-on BonusS$200 cashback w/ promo code "DBSFlash"Receive S$200 cash back with promo code "DBSFLASH"
FX Fee3.25%3.25%
Additional details apply. See card websites for a further breakdown of information

Comparison to Similar Rebate Credit Cards

There are many competitive cashback cards on the market, beyond DBS Live Fresh and POSB Everyday. We've reviewed a few of the best comparable options below.

UOB One Card: Best Cashback for Stable Budgets

  • Up to 5% rebate on all spend, S$300/quarter
  • Promotions: New cardholders will receive S$80 cash via Paynow upon approval
  • Existing cardholders will receive S$20 worth of GrabFood voucher
  • Bonus +5% rebate (up to 10%) on Grab & UOB Travel Planner
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 5% rebate on general spend, up to S$300/quarter (S$2,000 min spend)
  • Up to 10% on Grab & select UOB travel, 6% on utilities bills
  • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
  • 3.33% rebate, up to S$50/quarter (S$500 min spend)
  • UOB SMART$ Rebate Programme
Cardholders who reliably spend S$2k/month should definitely consider UOB One Card. Consumers earn based on a quarterly system; whose who maintain this spend level for a full 3 months earn 5% cashback on all of their purchases, up to S$100/month (S$300/quarter). This rebate rate and "flat" nature are similar to DBS Live Fresh Card. However, UOB One Card's earnings cap is much higher and is not divided, meaning moderate and higher spenders can earn far more than they could with DBS Live Fresh.


It is worth mentioning that consumers who spend less than S$2k on any given month will earn just 3.33% cashback, which is less attractive. Still, even at lower spend levels, UOB One Card is competitive, easy-to-use, and worth considering overall.

  • Stand-Out: Up to 5% rebate on all spend, S$300/quarter
  • Promotions: New cardholders will receive S$80 cash via Paynow upon approval
  • Existing cardholders will receive S$20 worth of GrabFood voucher
  • Bonus +5% rebate (up to 10%) on Grab & UOB Travel Planner
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 5% rebate on general spend, up to S$300/quarter (S$2,000 min spend)
  • Up to 10% on Grab & select UOB travel, 6% on utilities bills
  • 3.33% rebate, up to S$100/quarter (S$1,000 min spend)
  • 3.33% rebate, up to S$50/quarter (S$500 min spend)
  • UOB SMART$ Rebate Programme
Cardholders who reliably spend S$2k/month should definitely consider UOB One Card. Consumers earn based on a quarterly system; whose who maintain this spend level for a full 3 months earn 5% cashback on all of their purchases, up to S$100/month (S$300/quarter). This rebate rate and "flat" nature are similar to DBS Live Fresh Card. However, UOB One Card's earnings cap is much higher and is not divided, meaning moderate and higher spenders can earn far more than they could with DBS Live Fresh.


It is worth mentioning that consumers who spend less than S$2k on any given month will earn just 3.33% cashback, which is less attractive. Still, even at lower spend levels, UOB One Card is competitive, easy-to-use, and worth considering overall.

OCBC 365 Card: No-Fee Cashback on Essentials

  • Up to 6% rebate on dining, groceries, transport & more
  • Promotions: Free S$100 Grab Food Voucher (new customers) via our partnership with SGSaver
  • Free S$50 cash w/ S$300 min. spend in 1st mo (existing customers)
  • Boost to 6% cashback on groceries & at convenience stores
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges
OCBC 365 Card is one of the best-known everyday cards currently on the market, and is also quite competitive. Cardholders who spend S$800/month earn up to 6% rebate on dining & online food delivery and 3% on groceries, land transport, recurring bills and online travel. Earnings are capped at S$80/month, which is notably higher than that offered by DBS Live Fresh Card. Also, OCBC 365 Card has no merchant restrictions, making it a bit easier to use than POSB Everyday Card. Finally, OCBC 365 Card's fee is even waived with just S$10k annual spend–neither DBS Live Fresh nor POSB Everyday Card have this feature. Ultimately, OCBC 365 Card is both competitive and easy-to-use, making it well worth considering as an everyday card.
  • Stand-Out: Up to 6% rebate on dining, groceries, transport & more
  • Promotions: Free S$100 Grab Food Voucher (new customers) via our partnership with SGSaver
  • Free S$50 cash w/ S$300 min. spend in 1st mo (existing customers)
  • Boost to 6% cashback on groceries & at convenience stores
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, Visa Signature Privileges
OCBC 365 Card is one of the best-known everyday cards currently on the market, and is also quite competitive. Cardholders who spend S$800/month earn up to 6% rebate on dining & online food delivery and 3% on groceries, land transport, recurring bills and online travel. Earnings are capped at S$80/month, which is notably higher than that offered by DBS Live Fresh Card. Also, OCBC 365 Card has no merchant restrictions, making it a bit easier to use than POSB Everyday Card. Finally, OCBC 365 Card's fee is even waived with just S$10k annual spend–neither DBS Live Fresh nor POSB Everyday Card have this feature. Ultimately, OCBC 365 Card is both competitive and easy-to-use, making it well worth considering as an everyday card.

Citi Cash Back Card: High Rates for Food & Petrol

  • Up to 8% rebate on global dining, groceries & petrol
  • Promotions: New cardholders get a set of Airpods Pro (worth S$379) or S$300 upon activating and spending within 60 days of approval
  • S$30 cash via PayNow (existing customers)
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 8% cashback on dining, grocery, & petrol (any station)
  • Up to 20.88% fuel savings at Esso & Shell
Citi Cash Back Card is great for consumers looking to earn cashback on their core expenses. Cardholders earn an impressive 8% cashback on dining, groceries and petrol after S$888 minimum spend. Rewards are capped at S$25/category (maxed out with S$312.5 spend), allowing consumers to potentially earn up to S$75/month.


While these rates are attractive, they're not as all-encompassing as those offered by DBS Live Fresh or POSB Everyday Card. As a result, consumers who want to earn on nearly all of their purchases, rather than just a key subset, may prefer one of the latter options.

  • Stand-Out: Up to 8% rebate on global dining, groceries & petrol
  • Promotions: New cardholders get a set of Airpods Pro (worth S$379) or S$300 upon activating and spending within 60 days of approval
  • S$30 cash via PayNow (existing customers)
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 8% cashback on dining, grocery, & petrol (any station)
  • Up to 20.88% fuel savings at Esso & Shell
Citi Cash Back Card is great for consumers looking to earn cashback on their core expenses. Cardholders earn an impressive 8% cashback on dining, groceries and petrol after S$888 minimum spend. Rewards are capped at S$25/category (maxed out with S$312.5 spend), allowing consumers to potentially earn up to S$75/month.


While these rates are attractive, they're not as all-encompassing as those offered by DBS Live Fresh or POSB Everyday Card. As a result, consumers who want to earn on nearly all of their purchases, rather than just a key subset, may prefer one of the latter options.

Cashback Credit Card Comparison Tables

Credit CardMin. SpendRebatesCap
Citi Cash Back S$888
  • 8% dining, groceries & petrol
S$75/mo
Citi SMRT N/A
  • Up to 7% groceries, 5% fast food, movies & coffee
  • 3% online, 2% health & wellness
S$50/mo
DBS Live Fresh S$600
  • 5% online & contactless
S$60/mo
OCBC 365 S$800
  • 6% dining & food delivery
  • 3% groceries, transport, online travel, bills
S$80/mo
OCBC Frank S$400
  • 6% online purchases
  • 5% wknd local entertainment & select cafes (3% wkdays)
S$60/mo
POSB Everyday Varies
  • 15% online food delivery & catering
  • 5% dining & select groceries
  • 3% personal care at Watsons, 1% recurring bills
Varies
UOB One S$500-S$2k
  • Up to 5% flat rebate
S$100+/mo
UOB YOLO S$600
  • Up to 8% wknd dining, entertainment & Grab (3% wkdays)
  • 3% online fashion & travel
S$60/mo
Citi SMRT rebates are merchant-restricted. OCBC Frank's minimum refers to offline spend only. POSB Everyday Card's minimum is a Personalised Spend Goal set by the bank and varies by consumer; its rebates are primarily merchant-restricted and its earnings cap varies according to promotions
Credit CardTravel InsPetrol SavingsCard Perks
Citi Cash Back Coverage up to S$1MUp to 20.88% fuel savings at Esso & ShellCiti World Privileges, Citi Gourmet Pleasures
Citi SMRT N/AUp to 14% fuel savings at Esso & ShellCiti World Privileges, Citi Gourmet Pleasures
DBS Live Fresh N/AUp to 14% fuel savings at Esso #FreshDropFriday Sweeps
OCBC 365 Coverage up to S$500kUp to 24% fuel savings at Sinopec, 23% at Caltex, 20.4% at EssoVisa Concierge & Luxury Hotels
OCBC Frank N/AUp to 20% fuel savings at Sinopec, 16% at Caltex, 14% at EssoFrank Hot Deals
POSB Everyday N/AUp to 20.1% fuel savings at SPCPOSB Merchant Deals
UOB One Coverage up to S$500kUp to 28.72% fuel savings at ShellUOB SMART$, UOB Travel & Dining Advisors
UOB YOLO Coverage up to S$500kUp to 13.6% fuel savings at ShellUOB SMART$, YOLO events
Travel insurance refers to free travel accident coverage for the principal cardholder
Credit CardAnnual FeeSpend WaiverPromotion
Citi Cash Back S$192.6Waived for 1 yearNew cardholders get a set of Airpods Pro (worth S$379) or S$300
Citi SMRT Back S$192.6Waived for 2 yearsReceive up to S$120 cashback with S$1.2k min. spend in 1st 3mo
DBS Live Fresh S$192.6Waived for 1 yearS$200 cashback w/ promo code "DBSFlash"
OCBC 365 S$192.6Waived 2 years, & subsequently with S$10,000 annual spendFree S$100 cash via PayNow (new customers) via our partnership with SGSaver
OCBC Frank S$80.0Waived 2 years, & subsequently with S$10,000 annual spendNew cardholders will receive S$50 cashback & S$50 Grab Vouchers
POSB Everyday S$192.6Waived for 1 yearReceive S$200 cash back with promo code "DBSFLASH"
UOB One S$192.6Waived for 1 yearNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
UOB YOLO S$192.6Waived for 1 yearNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
Waivers and bonuses subject to change. See card websites for further details

Learn More About Finding the Best Credit Card for You

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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