If you’re looking for a credit card that can help you save money while you spend, the POSB Everyday Card might be the perfect choice for you. This card offers a range of benefits that can help you earn cash rebates on your everyday purchases, including dining, shopping, travel, and more. With up to 10% cash rebates on daily essentials, this card is a great way to save money while you spend.
One of the key features of the POSB Everyday Card is its cash rebates program. You can earn up to 10% cash rebates on your daily essentials, including dining, shopping, travel, and more. Additionally, you can enjoy up to 50% off family attractions and other exclusive deals. With these benefits, the POSB Everyday Card is a great way to save money on your everyday purchases.
If you’re interested in the POSB Everyday Card, you’ll need to meet certain eligibility requirements and pay certain fees. However, the benefits of this card can make it well worth the investment. With exclusive benefits for cardholders, including cash rebates and discounts on family attractions, this card is a great way to save money while you spend.
Key Features of POSB Everyday Card
If you’re looking for a credit card that rewards you for your daily essentials, then the POSB Everyday Card is the perfect fit for you. Here are some of the key features of the card that make it stand out:
Cash Rebates on Daily Essentials
With the POSB Everyday Card, you can earn up to 10% cash rebates on your daily essentials such as groceries, dining, and utilities. This means you can save money while spending on the things you need the most. Additionally, you can earn up to 3% cash rebates on recurring bills such as your telco and electricity bills.
Dining and Food Delivery Offers
The POSB Everyday Card also offers great dining and food delivery offers. You can enjoy up to 15% off at selected restaurants and cafes, and up to 12% cashback on online food delivery services such as Foodpanda, Deliveroo, and WhyQ. This means you can indulge in your favourite food while saving money.
Fuel Savings with SPC and More
If you’re a driver, you can enjoy fuel savings of up to 21.1% with the POSB Everyday Card at SPC petrol stations. Additionally, you can earn up to 6% cash rebates on your fuel purchases at other petrol stations. This means you can save money on your fuel expenses and earn cash rebates at the same time.
Online Shopping Rewards
The POSB Everyday Card also offers great rewards for online shopping. You can earn up to 10% cash rebates on your online shopping and ecommerce purchases. This means you can shop online and earn cash rebates at the same time.
Overall, the POSB Everyday Card is a great credit card that offers a wide range of benefits and rewards. With cash rebates on your daily essentials, dining and food delivery offers, fuel savings, and online shopping rewards, you can save money while spending on the things you need and love.
Eligibility and Fees
If you are interested in applying for the POSB Everyday Card, you need to meet the eligibility criteria. Here are the criteria for application:
Criteria for Application
- You must be a Singaporean or Permanent Resident with a minimum age of 21 years old.
- You must have a minimum annual income of $30,000 if you are a Singaporean or Permanent Resident.
- Foreigners with a minimum age of 21 years old and a minimum annual income of $45,000 can apply for the card as well.
Understanding the Fees
When it comes to fees, the POSB Everyday Card is relatively affordable. Here’s what you need to know:
- The annual fee is $128.40, but it is waived for the first year.
- There are no finance charges if you pay your balance in full by the due date.
- The cash advance fee is 6% of the amount withdrawn or $15, whichever is higher.
- The late fee is $100 if you fail to make the minimum payment by the due date.
- The foreign currency transaction fee is 2.8% of the transaction amount.
It’s important to note that while the annual fee may seem steep, the card offers generous cash rebates that can offset the cost. Additionally, if you meet the minimum spend requirement, you can enjoy a waiver of the annual fee for subsequent years.
Overall, the POSB Everyday Card is a great choice for Singaporeans and Permanent Residents who want to earn cash rebates on their daily essentials. With its affordable fees and eligibility criteria, it’s definitely worth considering if you’re in the market for a new credit card.
Exclusive Benefits for Cardholders
As a POSB Everyday Cardholder, you can enjoy a range of exclusive benefits and rewards. Here are some of the benefits you can look forward to:
Partner Merchant Deals
With the POSB Everyday Card, you can enjoy exclusive deals and discounts at participating merchants. For instance, when you shop at Sheng Siong or Watsons, you can enjoy up to 10% cashback on your purchases. If you’re a frequent shopper at the Popular Online Store, you can get up to 6% cashback on your purchases. Plus, you can enjoy up to 50% off on family attractions and other exclusive deals.
Lifestyle Perks
If you’re a health and wellness enthusiast, you’ll be pleased to know that the POSB Everyday Card offers a range of perks for such individuals. For instance, you can enjoy up to 10% cashback at participating health and wellness merchants such as SpeedyCare and Pet Lovers Centre. If you’re a fan of telco services, you can get up to 1GB of free data when you sign up for a new plan with a participating telco provider.
Moreover, you can enjoy the convenience of paying with PayLah! at participating merchants. With PayLah!, you can pay for your purchases with ease and enjoy exclusive deals and rewards. Plus, you can earn rewards points for every dollar spent with your POSB Everyday Card, which can be redeemed for vouchers and other exciting rewards.
In conclusion, the POSB Everyday Card offers a range of exclusive benefits and rewards for cardholders. Whether you’re a frequent shopper or a health and wellness enthusiast, you can enjoy a range of perks with this card. So why wait? Apply for your POSB Everyday Card today and start enjoying the benefits!
Maximising Your Card Usage
One of the best things about the POSB Everyday Card is the potential to earn cash rebates on your everyday expenses. Here are some strategies you can use to maximise your card usage and earn higher rebates.
Strategies for Higher Rebates
To get the most out of your POSB Everyday Card, you’ll want to make sure you’re spending in the right categories. The card offers up to 10% cash rebates on categories like dining, groceries, utilities, and online shopping. Here are some tips to help you earn higher rebates:
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Plan your spending: Take a look at your monthly expenses and plan your spending accordingly. For example, if you know you’ll be dining out a lot in a particular month, use your POSB Everyday Card to pay for those meals to earn higher rebates.
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Hit the minimum spend: To qualify for cash rebates, you’ll need to meet the minimum spend requirements. Make sure you’re spending at least $800 per month on your POSB Everyday Card to earn the maximum cash rebates.
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Watch for promotions: Keep an eye out for promotions that can help you earn even more cash rebates. For example, the card may offer extra rebates for spending on certain categories or merchants during a particular period.
Bill Payments and Recurring Charges
Another way to maximise your card usage is to use it for bill payments and recurring charges. Here are some tips to help you earn more cashback:
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Link your card to a DBS Multiplier Account: If you link your card to a DBS Multiplier Account and meet the requirements, you can earn an additional 0.3% cash rebate on your POSB Everyday Card.
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Pay recurring bills with your card: Use your POSB Everyday Card to pay for recurring bills like utilities and telco bills to earn cash rebates. You can earn up to 3% cash rebates on recurring telco bills, capped at Daily$3 per month.
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Hit the spending requirements: To earn cash rebates on recurring bills, you’ll need to meet the minimum spending requirements. Make sure you’re spending at least $15 per month on recurring bill payments to earn the cash rebates.
Overall, the POSB Everyday Card is a great way to earn cash rebates on your everyday expenses. By planning your spending and using your card for bill payments and recurring charges, you can maximise your rewards and get the most out of your card.
Comparing POSB Everyday Card with Other Cards
POSB vs Other Cashback Cards
When it comes to cashback credit cards in Singapore, the POSB Everyday Card is a popular choice. But how does it compare to other cashback cards in the market? Let’s take a closer look.
First, let’s compare the POSB Everyday Card with the Citi Cash Back Card. Both cards offer cashback on dining, groceries, and petrol. However, the POSB Everyday Card offers higher cashback rates of up to 10% compared to the Citi Cash Back Card’s maximum of 8%. Additionally, the POSB Everyday Card offers cashback on recurring bills, which the Citi Cash Back Card does not.
Next, let’s compare the POSB Everyday Card with the OCBC 365 Card. Both cards offer cashback on dining, groceries, and petrol. However, the OCBC 365 Card offers cashback on online shopping, which the POSB Everyday Card does not. On the other hand, the POSB Everyday Card offers cashback on recurring bills, which the OCBC 365 Card does not. Overall, it depends on your spending habits and which categories you spend the most in.
In terms of annual fees, the POSB Everyday Card has no annual fee for the first year and a low annual fee of $128.40 thereafter. The Citi Cash Back Card has a higher annual fee of $192.60, while the OCBC 365 Card has an annual fee of $192.60 that is waived for the first two years.
Overall, the POSB Everyday Card is a great choice for those who want high cashback rates on dining, groceries, and petrol, as well as cashback on recurring bills. However, if you do a lot of online shopping, the OCBC 365 Card might be a better choice for you.
Frequently Asked Questions
What splendid benefits can one enjoy with the POSB Everyday Card?
The POSB Everyday Card is a fantastic option for those looking to save money while spending. With up to 10% cash rebates on categories like dining, groceries, utilities, and online shopping, you can save a lot of money on your everyday essentials and more. Additionally, you can earn 0.4% p.a. or more when you link your card to a DBS Multiplier Account.
How does one revel in the cashback offers with the POSB Everyday Card?
It’s easy to enjoy the cashback offers with the POSB Everyday Card. Simply use your card to make purchases in the eligible categories, and the cash rebates will be automatically credited to your account. You can view your cashback balance and redeem your rebates through the DBS Lifestyle app or internet banking.
In what ways can I waive the annual fee for my POSB Everyday Card?
To waive the annual fee for your POSB Everyday Card, you can make a minimum spend of $6,000 in a year, or sign up for a DBS Multiplier Account and credit your salary to the account. Additionally, if you are a senior citizen or a full-time national serviceman, you may be eligible for a waiver of the annual fee.
Could you tell me about the latest promotions available for POSB Everyday Card holders?
There are always exciting promotions available for POSB Everyday Card holders. Some of the latest promotions include cashback offers on dining and online shopping, as well as discounts on travel and entertainment. Keep an eye on the DBS Lifestyle app or the POSB website for the latest promotions.
Where might one redeem the delightful rebates accumulated on the POSB Everyday Card?
You can redeem your rebates through the DBS Lifestyle app or internet banking. You can use your rebates to offset your credit card bills, or redeem them for vouchers from a variety of merchants.
Is the POSB Everyday Card categorised as a debit or a credit card?
The POSB Everyday Card is a credit card, which means you can enjoy the benefits of credit card spending, such as cashback and rewards points. However, it’s important to use your credit card responsibly and pay your bills on time to avoid interest charges and other fees.
