POSB Everyday Card is a great option for moms and families who spend across a variety of categories. While rates shift with promotional changes, cardholders are frequently rewarded with high rates for spend in essential categories. For example, consumers typically earn rebates of up to 10% on online food delivery, 5% on grocery purchases and online shopping, plus up to 20% in fuel savings. Even with its annual fee of S$192.6 (waived the first year), average spenders can quickly recoup the cost while earning additional rewards for daily spend.
What Makes POSB Everyday Card Stand Out
POSB Everyday Card offers families and average spenders a convenient way to earn cashback for diversified spend. Consumers earn rebates on dining, groceries, petrol, health and wellness, transport, and even recurring bills–which are often excluded from cashback rates. Although some rates apply only to specific merchants, they are mostly big brands that are quite prevalent: up to 22.1% petrol savings with SPC, 5% at Sheng Siong, and 3% on wellness products at Watsons (an added benefit, as most everyday cards do not reward for personal care). Consumers also earn 1% cash rebate on recurring bills with select merchants, but earnings are capped at just S$1 per month, which is quite low.
POSB Everyday Card does offer promotional rebates that are not merchant specific. Currently, cardholders earn up to 10% cashback on online food delivery from Foodpanda and Deliveroo, one of the highest rates on the market. One drawback is that these promotional rates are contingent on reaching a Personalised Spend Goal, which DBS assigns on a person-to-person basis according to average spending patterns. If a cardholder fails to meet this minimum, they will only be rewarded with a base rebate of 0.3%.
POSB Everyday Card Rebates Chart
|Spend Category||Max. Rebate|
|Dining: Online Food Delivery||10%|
|Groceries: Sheng Siong||5%|
|Shopping:Amazon.sg, Lazada, Qoo10 and Shopee||5%|
|Transport and Fuel||2%|
|All Other Spend||0.3%|
While POSB Everyday Card is quite versatile, category rewards rates may still be lower than some competitors'. For example, CIMB Platinum MasterCard offers 10% cashback on dining, transport, medical spend and more, and OCBC 365 Card offers 3% cashback on recurring telco and electricity bills. Nonetheless, POSB Everyday Card often offers promotional rates in key categories (like online food delivery) that boost the card's value significantly.
Overall, POSB Everyday Card proves an exceptional fit for those with a high volume of spend on daily essentials. 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 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's Features and Benefits:
|Benefits & Perks |
POSB Everyday Card Rewards Exclusions
Some credit card expenditures are ineligible for cash back or rebate. We identify these exclusions in the table below.
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 v. OCBC 365 Card
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 and online food delivery, 3% for groceries, transportation, online travel bookings and recurring bills, plus 5% on fuel spend (up to 22.1% fuel savings at Caltex and up to 20.2% fuel savings at Esso). The annual fee of S$192.60 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
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%) and groceries (5%), but Citi SMRT Card limits dining to fast food and coffee chains. Citi SMRT Card also offers 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, compared to POSB Everyday Card, which has a Personalised Spend Goal requirement for unlocking promotional rates.
POSB Everyday Card v. Maybank Family & Friends MasterCard
Maybank Family & Friends MasterCard is an exceptional everyday option for people with low to mid-size budgets who primarily spend in Singapore and Malaysia. Cardholders earn up to 8% cashback in key categories–fast food & food delivery, groceries, transport, petrol, data communications/online TV streaming & more–after just S$800 minimum spend (5% with S$500 minimum spend). What sets Maybank F&F Card apart from POSB Everyday Card is that there are no merchant restrictions, making the card quite a bit more convenient. Additionally, the S$180 fee is waived for 3 years, and thereafter with S$12,000 annual spend. Overall, people with strongly regional budgets and who value flexibility might prefer Maybank F&F Card.
POSB Everyday Card v. Citi Cash Back Card
Consumers with high spend on food and petrol can benefit from Citi Cash Back Card. With a minimum qualifying spend of S$888 per month, cardholders earn 8% cashback on dining, groceries, and petrol worldwide (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
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.