POSB Everyday Card: Is It Worth it?

POSB Everyday Card
POSB Everyday Card

POSB Everyday Card: Is It Worth it?

All-In-One Rebates Card for Everyday Essentials & Personal Care

Good for

  • Families with spend across a broad variety of daily essentials
  • People who enjoy spending on beauty and personal care
  • Commuters who prefer the convenience of an all-in-one card

Bad for

  • People who focus their spend on only one or two areas (ie, dining or entertainment)
  • Travellers looking for miles or privileges
  • Individuals who prefer a no-fee card

Editor's Rating

5.0/5.0

POSB Everyday Card is a great for moms and families who spend across a variety of categories, and who also enjoy cashback for personal care. Cardholders earn rebates of up to 15% on dining, groceries, travel bookings, transport, and recurring utilities, plus up to 20% in petrol savings. What sets POSB Everyday Card apart, however, is its 3% rebate at Watsons for personal care. As an all-in-one card (combining cashback, ATM, and SMRT capabilities), POSB Everyday Card is especially convenient. Even with its annual fee of S$192.6, waived only the first year, average spenders can easily recoup the cost while earn additional rewards for daily spend.

ProsCons
  • 15% rebate on online food delivery, 5% on dining
  • 5% rebate on Sheng Siong groceries
  • 10% rebate on overseas spend
  • 3% rebate on personal care at Watsons, 15% off select medical packages
  • 1% rebate on recurring bills (capped at S$1/month)
  • Up to 20.1% fuel savings at SPC, 10% on ComfortDelGro taxi rides
  • 0% interest instalment plan with no processing fee
Promotions:
  • Receive S$15 Watsons eVoucher with S$80 spend
  • Annual fee waived only the 1st year
  • Low base rate of 0.3% for all other retail spend
  • S$800 monthly spend required for some rates
  • Low caps for recurring bills (S$1/month)

What Makes POSB Everyday Card Stand Out

POSB Everyday Card offers families and average spenders a convenient way to earn cashback for diversified spend, including beauty and personal care. Consumers earn rebates on dining, groceries, petrol, health and wellness, transport, and even recurring bills–which are often excluded from cashback rates. Although many of the rates apply only to specific merchants, they are mostly big brands that are quite prevalent throughout the island: up to 20.1% petrol savings with SPC, 10% rebate on ComfortDelGro taxi rides, 5% rebate for groceries at Sheng Siong, and 3% rebate for wellness products at Watsons (an added benefit, as most everyday cards do not reward for personal care).

Consumers also earn 1% cash rebate on electricity, telecommunications, utility and other recurring bills with merchants like Best Electricity, Geneco, Ohm, iSwitch, Union Power, Tuas Power, SP Group, and StarHub. However, recurring bills have a very low cap of S$1 per month, while most other categories are capped at S$50 per month. POSB Everyday Card does offer rebates that are not merchant specific for dining (5%), online food delivery (15%), and overseas spend (10%). These rates, however, are only unlocked after a S$800 minimum monthly spend.

POSB Everyday Card Rebates Chart

Spend CategoryRebateMinimum Monthly Spend RequirementMonthly Cap on Earnings
Dining: Online food delivery and catering15%S$800/monthS$50/month
Dining: Establishments5%S$800/month
Groceries: Sheng Siong5%-S$50/month
Overseas Spend10%S$800/monthS$50/month
Transport: ComfortDelGro taxi rides10%S$800/monthS$50/month
Personal Care: Watsons3%--
Recurring Bills: Best Electricity, Geneco, Ohm Energy, iSwitch, Tuas Power, Union Power, SP Group, StarHub1%-S$1/month
All Other Spend0.3%--

While POSB Everyday Card is fairly versatile, its rewards rates per category are often lower than for competitors. For example, CIMB Visa Signature Card offers 10% cashback on dining, groceries, and online shopping and OCBC 365 Card offers 3% cashback on recurring telco and electricity bills. This may be because cards like CIMB Visa Signature Card focus rewards on only three areas, rather than offering cashback on nearly all daily spend. In addition, POSB Everyday Card may offer a lower rebate on utilities, but it does not require a minimum qualifying spend for the category. OCBC 365 Card requires a minimum spend of S$800 to unlock all rates above 0.3%.

What ultimately makes POSB Everyday Card a great fit for consumers seeking rewards for daily purchases is its convenience and versatility, plus its rebate for beauty and personal care. As an all-in-one card, POSB Everyday Card offers convenience by combining cashback, ATM, and SMRT Card functionality. While the annual fee of S$192.6 is waived only the first year, the broad range of cashback opportunities allow average consumers to quickly recoup this cost while continuing to earn rewards.

How Does POSB Everyday Card Rewards Program Work?

Use our quick and easy-to-read guide below to learn how you you can redeem POSB Everyday Card rewards.

  • Every 1 dollar of cashback earned is equal to S$1
  • Cashback is credited to the cardholder's account monthly
  • Cashback is automatically forfeited and is non-transferable when an account is closed

POSB Everyday Card Rewards Exclusions

Some credit card expenditures are ineligible for cash back or rebate. We identify these exclusions in the table below.

Exclusion CategoryDescription
Bank FeesInstalment payment plan purchases, preferred payment plans, balance transfer, fund transfer, cash advances, annual fees, interest, late payment charges, all fees charged by Bank, miscellaneous charges imposed by Bank (unless otherwise stated in writing by Bank)
Transfers & Bill PaymentsAny top-ups or payment of funds to payment service providers, prepaid cards and any prepaid accounts; bill payments done via AXS or SAM; Singtel Dash related transactions
Institutional PaymentsPayments to educational institutions, 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), insurance companies (sales, underwriting, and premiums), financial institutions (including banks and brokerages), and non-profit organisations
Betting or GamblingBetting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks) through any channel

POSB Everyday Card's Features and Benefits:

POSB Everyday Card
POSB Everyday Card
Details & Benefits
Annual FeeS$192.6, Waived for 1 year
Annual Income RequirementS$30,000 for locals, S$45,000 for foreigners
Card Details
  • 15% rebate on online food delivery, 5% on dining
  • 5% rebate on Sheng Siong groceries
  • 10% rebate on overseas spend
  • 3% rebate on personal care at Watsons, 15% off select medical packages
  • 1% rebate on recurring bills (Best Electricity, Geneco, Ohm, iSwitch, Tuas Power, Union Power, SP Group, StarHub), capped at S$1/month
  • Up to 20.1% fuel savings at SPC, 10% on ComfortDelGro taxi rides
  • 0.3% base rate on all other spend, unlimited
  • 0% interest instalment plan with no processing fee
  • All-in-one functionality: Cashback, ATM, and SMRT Card combined
Promotions:
  • Receive S$15 Watsons eVoucher with S$80 spend

How does POSB Everyday Card Compare Against Other Cards?

Read our comparisons of POSB Everyday Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

POSB Everyday Card is a market leader in value-to-consumer after two years, based on an average monthly spend of S$2,000

POSB Everyday Card v. OCBC 365 Card

Consider this if you want a no-fee cashback card for food purchases, utilities and online travel bookings

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

OCBC 365 Card is a great cashback card with an easily waivable annual fee for consumers with diversified spend. Consumers earn rebates of up to 6% for dining, groceries, transportation, online travel bookings and recurring bills, plus up to 23% in fuel savings. The annual fee of S$192.6 is waived for 2-years, and then after with each S$10,000 annual spend, making OCBC 365 Card great for no-maintenance cashback. However, while the card offers higher utilities and online travel rebates than POSB Everyday Card, it offers lower rates for groceries and transport, and does not reward personal care. Consumers who prioritise avoiding an annual fee and make travel bookings online might prefer OCBC 365 Card, while those who spend regularly on personal care might prefer POSB Everyday Card.

POSB Everyday Card v. Citi SMRT Card

Consider this if you want to earn cashback on your daily commute on public transit

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citi SMRT Card offers young professionals a convenient way to earn cashback on essentials like public transit, groceries, and recurring bills. Citi SMRT Card and POSB Everyday Card both have all-in-one functionality, combining cashback, ATM, and SMRT card into one. The cards offer similar rewards rates for dining (5%), groceries (5%), and recurring bills (1%), but Citi SMRT Card limits dining to fast food and coffee chains. Citi SMRT Card also stands apart by offering a 5% rebate on movie theater expenses, 3% on online shopping, and 2% on Auto Top-Ups. Young professionals can benefit from the fact that Citi SMRT Card has no minimum spend requirement, and would likely feel less limited by the low monthly cap of S$50. POSB Everyday Card's has a high spend requirement of S$800/month, which may be less accessible to lower spenders. Ultimately, Citi SMRT Card is a great fit for young professionals with lower spend, seeking rewards for their daily essentials. POSB Everyday Card is a better fit for average spenders and families.

POSB Everyday Card v. UOB Delight

UOB Delight Card
UOB Delight Card

Consider this if you want maximum savings on groceries

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

Families looking to maximise daily cashback, especially for groceries, might want to consider UOB Delight Card. This card rewards everything from transport and groceries to utilities and recurring bills, with a low annual fee of just S$85.6. While all purchases earn a 0.3% rebate, groceries earn up to 8% with Cold Storage, Market Place, Jasons, Giant and Guardian, and purchasing house brands earns an additional 10% rebate. These rates are unlocked only after an S$800 minimum monthly spend, however, which may be difficult for one individual to reach alone. Therefore, UOB Delight Card might be best for families with high spend on groceries. POSB Everyday Card might be a better match for consumers with a highly diversified spend, rather than focused on just groceries.

POSB Everyday Card v. Citi Cash Back Card

Consider this if you spend mostly on food and transportation

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Consumers with high spend on food and transport can benefit from Citi Cash Back Card. With a minimum qualifying spend of S$888 per month, cardholders earn 8% cashback on dining, groceries, petrol, and Grab (and frequently, 8% cashback on a rotating promotional category). While the base rate is only 0.25% and the annual fee of S$192.6 is only waived the first year, Citi Cash Back Card rewards purchases that fall within the top two expenditures in an average spender's monthly budget. In other words, Citi Cash Back Card maximises earnings for what Singaporeans regularly spend most on. However, consumers with a more diversified spend and who prioritise the convenience of an all-in-one card might instead prefer POSB Everyday Card.

POSB Everyday Card v. UOB One Card

Consider this if you want to maximise your cash rebate and spend about S$2,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

For consumers with a stable budget of at least S$2,000 per month, UOB One Card provides an excellent way to earn high cashback for all spend. UOB One Card offers rewards according to a quarterly rebate system. In order to maximise earnings, cardholders would need to spend S$2,000 per month for 3 consecutive months, earning a S$300 quarterly rebate (S$1,200 per year!). Consumers who spend even slightly less can only earn a fraction of this amount (S$100 quarterly rebate for S$1000 monthly spend, S$50 for S$500 monthly spend). As a result, cardholders with a stable or predictable budget of at least S$2,000 are best fit for UOB One Card. Consumers with a fluctuating budget, or those who rarely spend S$2,000 per month, might instead consider the ease and convenience of POSB Everyday Card for earning rewards on essentials.

Comments and Questions

{"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis.","version":"sidebar"}