If you’re looking for a credit card that offers cashback on everyday purchases, the POSB Everyday Card might be the perfect fit for you. With up to 10% cash rebates on dining, groceries, and online shopping, this card offers a wide range of benefits for Singapore residents and PRs.
To apply for the POSB Everyday Card, you can easily do so online using Singpass and Myinfo. This means you don’t even need to upload your personal data, as the bank can pull it securely from Singpass for verification. Once you’ve submitted your application, you can expect to receive a response within a few days.
Before applying for the POSB Everyday Card, it’s important to ensure that you meet the eligibility requirements. You must be at least 21 years old and have an annual income of at least $30,000 for Singaporeans and PRs, or $45,000 for foreigners. Additionally, you must have a good credit score and no history of defaulting on credit card payments.
Key Takeaways
- The POSB Everyday Card offers up to 10% cash rebates on dining, groceries, and online shopping.
- You can easily apply for the card online using Singpass and Myinfo.
- To be eligible for the card, you must be at least 21 years old, have an annual income of at least $30,000 for Singaporeans and PRs, and have a good credit score.
Eligibility and Application Process
Eligibility Criteria
Before applying for the POSB Everyday Card, you need to ensure that you meet the eligibility criteria. The following table outlines the eligibility requirements for Singaporeans and foreigners:
| Eligibility | Singaporeans | Foreigners |
|---|---|---|
| Age | 21 – 70 years old | 21 – 70 years old |
| Minimum Annual Income | S$30,000 | S$45,000 |
| Work Pass | Not Applicable | Employment Pass, S Pass, or Work Permit |
In addition to the above requirements, you must not hold any Principal DBS/POSB Credit Card and have not cancelled any DBS/POSB Credit Card(s) within the last 12 months.
Application Steps
The application process for the POSB Everyday Card is quick and easy. Follow the steps below to apply:
- Visit the POSB website and click on the “Apply Now” button for the POSB Everyday Card.
- Log in using your SingPass or MyInfo account. If you do not have either of these accounts, you can create one on the SingPass or MyInfo website.
- Fill in the application form with your personal and financial details.
- Review and submit your application.
Once your application is submitted, you will receive an email confirmation with further instructions on how to complete the application process.
Required Documents
To complete your application for the POSB Everyday Card, you will need to provide the following documents:
- For Singaporeans: A copy of your NRIC (front and back) or passport (for foreigners).
- For Self-Employed or Commission-Based Professionals: Latest Notice of Assessment from the Inland Revenue Authority of Singapore (IRAS) or equivalent documents.
- For Salaried Employees: Latest computerised payslip or latest 6 months’ CPF Contribution History Statement.
- For Foreigners: A copy of your Employment Pass, S Pass, or Work Permit.
In conclusion, the POSB Everyday Card is a great option for those looking to earn cash rebates on daily essentials. Make sure you meet the eligibility criteria and have the required documents before applying. The application process is quick and easy, and you can complete it online using your SingPass or MyInfo account.
Benefits and Rewards
If you are looking for a credit card that offers great rewards and benefits, the POSB Everyday Card is definitely worth considering. This credit card offers a range of benefits that can help you save money and earn rewards as you spend. Here are some of the benefits and rewards you can enjoy with the POSB Everyday Card.
Cash Rebates and Cashback
One of the most attractive features of the POSB Everyday Card is its cash rebates and cashback offers. You can earn up to 10% cash rebates on online shopping and ecommerce, and up to 3% cash rebates on recurring bills. This means you can save money on your regular expenses and earn rewards at the same time.
Dining and Online Shopping Perks
The POSB Everyday Card also offers great perks for dining and online shopping. You can enjoy up to 10% cash rebates on online food delivery from popular platforms such as foodpanda, Deliveroo, and WhyQ. Additionally, you can earn up to 3% cash rebates on dining spend at popular restaurants.
When it comes to online shopping, the POSB Everyday Card offers up to 10% cash rebates on Lazada, Qoo10, and Shopee purchases. You can also enjoy up to 5% cash rebates on RedMart and Popular purchases.
Fuel Savings and Transport Benefits
If you frequently drive, the POSB Everyday Card can help you save money on fuel. You can enjoy up to 20.1% fuel savings at SPC, and up to 8% cash rebates on petrol at Sheng Siong. Additionally, you can earn up to 3% cash rebates on ComfortDelGro taxi rides.
Daily Essentials and Groceries
The POSB Everyday Card can also help you save money on your daily essentials and groceries. You can earn up to 5% cash rebates on Watsons purchases, and up to 3% cash rebates on Sheng Siong and POPULAR purchases. Additionally, you can earn up to 1% cash rebates on all other retail spend.
Overall, the POSB Everyday Card is a great choice for anyone looking for a credit card that offers great rewards and benefits. With its cash rebates, dining and online shopping perks, fuel savings, and daily essentials benefits, this credit card can help you save money and earn rewards as you spend.
Using Your POSB Everyday Card
Once you have received your POSB Everyday Card, you can start using it for your daily expenses. Here are some ways you can use your card for maximum benefits:
Online Food Delivery
If you love ordering food online, you can use your POSB Everyday Card to pay for your meals on food delivery platforms such as Foodpanda or Deliveroo. You can enjoy cash rebates of up to 10% on your food orders, making your meals more affordable.
Utilities and Bill Payments
You can also use your POSB Everyday Card to pay for your utilities and recurring bills, such as your phone bills or insurance premiums. By setting up a recurring payment arrangement, you can enjoy hassle-free payments and earn cash rebates at the same time.
Health and Wellness
If you are a pet owner or need to purchase healthcare products, you can use your POSB Everyday Card to pay for your purchases at pet stores such as Pet Lovers Centre or healthcare stores such as Speedycare. Not only will you enjoy cash rebates, but you can also earn rewards points that can be redeemed for vouchers or discounts.
Overall, the POSB Everyday Card is a great option for those looking to save money on their daily expenses. With its cash rebates and rewards points, you can enjoy a more affordable lifestyle while still enjoying the things you love. So go ahead and start using your card today!
Fees and Charges
If you’re considering applying for the POSB Everyday Card, it’s important to understand the fees and charges associated with the card. Here’s what you need to know:
Annual Fee and Waivers
The POSB Everyday Card has an annual fee of £192.60 for the principal card, with a fee of £96.30 for each supplementary card. The good news is that the annual fee may be waived for the first year you have the card.
To qualify for the annual fee waiver, you must meet certain spending requirements. For example, you may need to spend a certain amount within the first few months of having the card. Be sure to check the terms and conditions carefully to understand the specific requirements for the annual fee waiver.
Transaction and Foreign Currency Fees
When you use your POSB Everyday Card for transactions, you may be charged a transaction fee. The exact fee will depend on the type of transaction you make, but it typically ranges from 2.5% to 3% of the transaction amount.
If you use your card for transactions in foreign currencies, you may also be charged a foreign currency transaction fee. This fee is typically around 2.8% of the transaction amount.
It’s important to note that these fees can add up quickly, especially if you frequently use your card for transactions or travel abroad. Be sure to factor these fees into your budget when deciding whether the POSB Everyday Card is right for you.
Overall, the POSB Everyday Card offers a range of benefits and rewards, but it’s important to understand the fees and charges associated with the card before you apply. By doing your research and understanding the costs involved, you can make an informed decision and choose the card that’s right for you.
Additional Perks and Partnerships
As a POSB Everyday Cardholder, you can enjoy a range of exclusive promotions and discounts across various partner merchants. Here are some of the exciting perks that come with owning this card:
Exclusive Promotions
The POSB Everyday Card offers exclusive promotions for cardholders to enjoy. For example, you can receive up to 10% cash rebates on your daily essentials, including dining, shopping, and travel. Additionally, you can earn up to 3% cash rebates on your utilities and telecommunications bills, subject to a minimum spend of $800 per calendar month.
Partner Merchant Offers
The POSB Everyday Card has partnered with a wide range of merchants to offer you exclusive discounts and promotions. Some of the participating merchants include Amazon.sg, Taobao, iHerb, Singapore Zoo, Jurong Bird Park, Night Safari, River Safari, and Zalora. You can enjoy up to 10% cash rebates on groceries from Sheng Siong and RedMart, and up to 5% fuel savings at SPC.
DBS Multiplier Account Benefits
If you have a DBS Multiplier Account, you can enjoy even more benefits with your POSB Everyday Card. By fulfilling the minimum transaction amount and categories, you can earn up to 3.8% p.a. interest on your savings. Additionally, you can earn KrisFlyer Miles with your spending and enjoy up to 10% cashback on your online food delivery orders with Koufu.
Overall, the POSB Everyday Card offers a range of exciting perks and discounts for cardholders to enjoy. With exclusive promotions, partner merchant offers, and DBS Multiplier Account benefits, this card is a great option for those looking to save money on their daily essentials and earn rewards at the same time.
Frequently Asked Questions
What are the exciting benefits of the POSB Everyday Card?
The POSB Everyday Card offers a wide range of exciting benefits to its users. With this card, you can enjoy up to 10% cash rebates on your daily essentials, including groceries, dining, and petrol. You can also earn up to 8% cashback on online shopping with RedMart, and 5% cashback on your purchases at Sheng Siong. Additionally, you can enjoy exclusive discounts and promotions at various merchants across Singapore.
How can I activate my new POSB Everyday Card with enthusiasm?
Activating your new POSB Everyday Card is easy and hassle-free. Simply log in to your iBanking account or visit any POSB/DBS branch to activate your card. Once activated, you can start using your card to enjoy the exciting benefits and rewards that come with it.
What is the minimum income requirement to be eligible for a POSB Credit Card?
To be eligible for a POSB Credit Card, you must have a minimum annual income of $30,000 for Singaporeans and Permanent Residents, and $45,000 for foreigners. However, this requirement may vary depending on the type of card you are applying for.
Can foreigners apply for the POSB Everyday Card, and if so, how?
Yes, foreigners can apply for the POSB Everyday Card. To do so, you must have a valid work permit or employment pass, and meet the minimum income requirement. You can apply for the card online or visit any POSB/DBS branch to submit your application.
Is there an annual fee for the POSB Everyday Card, and what does it entail?
The POSB Everyday Card does not have an annual fee, making it an affordable and convenient option for everyday use. However, there may be other fees and charges associated with the card, such as late payment fees or cash advance fees. Be sure to read the terms and conditions carefully before applying for the card.
What promotions are currently available for the POSB Everyday Card?
The POSB Everyday Card offers a range of exciting promotions and discounts throughout the year. Some of the current promotions include up to 20.1% fuel savings at SPC, and exclusive discounts at various merchants across Singapore. Be sure to check the POSB website or iBanking portal for the latest promotions and offers available to cardholders.