Are you a Singaporean looking for a cashback credit card that rewards you for your daily expenses? Look no further than the POSB Everyday Card. This card offers up to 10% cash rebates on categories like dining, groceries, utilities, and online shopping, making it an all-rounded cashback option. With exclusive deals and discounts on family attractions and fuel at SPC, the POSB Everyday Card is a great choice for anyone looking to save money on their daily expenses.
Understanding the cashback system of the POSB Everyday Card is key to maximizing its potential. Without a minimum spend, you can earn 5% cash rebates at Sheng Siong, capped at $30 per month, and up to 3% cash rebates on utility bills, capped at $3 per month. You can also earn up to 20.1% cash rebates on fuel at SPC and 2% cash rebates at SpeedyCare, with no monthly cap imposed. With these benefits, the POSB Everyday Card is an excellent option for anyone looking to save money on their daily expenses.
Key Takeaways:
- The POSB Everyday Card offers up to 10% cash rebates on dining, groceries, utilities, and online shopping, making it an all-rounded cashback option.
- Understanding the cashback system is key to maximizing the potential of the POSB Everyday Card, which offers up to 5% cash rebates at Sheng Siong, up to 3% cash rebates on utility bills, and up to 20.1% cash rebates on fuel at SPC.
- With exclusive deals and discounts on family attractions and fuel at SPC, the POSB Everyday Card is a great choice for anyone looking to save money on their daily expenses.
Benefits of POSB Everyday Card
If you’re looking for a credit card that offers cash rebates on your daily essentials, then the POSB Everyday Card might just be the perfect card for you. This card is designed to help you save money on your daily expenses, including dining, online food delivery, fuel, and transport. Here are some of the benefits of the POSB Everyday Card:
Rewards on Daily Essentials
With the POSB Everyday Card, you can earn up to 10% cash rebates on your daily essentials, including groceries, utilities, and online shopping. This means that you can save money on the things you need to buy every day. The card also offers 5% cash rebates at Sheng Siong, capped at Daily$30 per month.
Dining and Online Food Delivery Perks
If you’re a foodie, then you’ll love the dining and online food delivery perks that come with the POSB Everyday Card. You can enjoy up to 10% cash rebates when you dine out at selected restaurants, and up to 10% cash rebates on online food delivery. This means that you can indulge in your favourite meals without breaking the bank.
Fuel Savings and Transport Offers
The POSB Everyday Card also offers great savings on fuel and transport. You can enjoy up to 20.1% cash rebates on fuel at SPC, and 2% cash rebates at SpeedyCare, with no monthly cap imposed. Additionally, the card offers transport perks, including 50% off family attractions and other exclusive deals.
Overall, the POSB Everyday Card is a great credit card for anyone who wants to save money on their daily expenses. With its cash rebates on daily essentials, dining and online food delivery perks, and fuel savings and transport offers, this card is definitely worth considering if you’re looking to stretch your dollar further.
Understanding the Cashback System
If you are looking for a credit card that offers cashback on your daily essentials, the POSB Everyday Card may be the perfect fit for you. This card provides cash rebates on shopping, utilities, and telecommunications bills, as well as exclusive online shopping deals.
Cash Rebates on Shopping
With the POSB Everyday Card, you can earn up to 10% cash rebates on your daily essentials. This includes categories like dining, groceries, and online shopping. Some of the merchants that offer cashback include RedMart, Watsons, and Sheng Siong. The cash rebates never expire, so you can accumulate them over time and use them whenever you want.
Utilities and Telecommunications Bills
The POSB Everyday Card is one of the rare credit cards that let you get cashback on your utilities and telecommunications bills. You can earn up to 1% cashback on your StarHub, M1, and Singtel bills. This is a great way to save money on your monthly expenses.
Exclusive Online Shopping Deals
The POSB Everyday Card also offers exclusive deals for online shopping. You can enjoy cash rebates on popular online shopping platforms like Lazada, Qoo10, Shopee, Taobao, Amazon.sg, and iHerb. These deals are updated regularly, so you can always find new ways to save money while shopping online.
In conclusion, the POSB Everyday Card is a great choice if you want to earn cashback on your daily essentials. With cash rebates on shopping, utilities, and telecommunications bills, as well as exclusive online shopping deals, this card can help you save money on your everyday expenses.
Eligibility and Application Process
Income and Employment Criteria
To be eligible for the POSB Everyday 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. Foreigners are also eligible to apply, but they must have an annual income of at least £45,000.
Step-by-Step Guide to Apply
Applying for the POSB Everyday Card is easy and can be done online. Here is a step-by-step guide to help you through the process:
- Visit the POSB website and navigate to the Everyday Card page.
- Click on the “Apply Now” button.
- Fill in the required personal and contact information, including your name, NRIC or FIN number, and contact details.
- Provide your employment information, including your current occupation, monthly income, and length of employment.
- Review and accept the terms and conditions.
- Submit your application and wait for approval.
Once your application is approved, you will receive your POSB Everyday Card in the mail within 7-10 working days. There is no annual fee for the card, and you can start earning cashback on your transactions right away.
In conclusion, the POSB Everyday Card is a great option for those looking to earn cashback on their daily transactions. With easy eligibility criteria and a simple application process, it is a great choice for anyone looking to save money on their daily expenses.
Maximising Your Card’s Potential
To get the most out of your POSB Everyday Card, you need to know how to maximise its potential. Here are some strategies to help you earn higher cashback and take advantage of partner merchants and promotions.
Strategies for Higher Cashback
To earn higher cashback on your POSB Everyday Card, you need to spend smartly. One way to do this is to plan your purchases around the card’s cashback categories. For example, you can earn up to 10% cash rebates on categories like dining, groceries, utilities, and online shopping. By focusing your spending on these categories, you can earn more cashback.
Another way to earn higher cashback is to meet the minimum spend requirement of S$800 per calendar month. This will allow you to earn up to 6% cashback on your spending. You can also earn up to S$30 cashback per calendar month on your daily spending.
Partner Merchants and Promotions
The POSB Everyday Card offers a variety of partner merchants and promotions that can help you save even more money. Some of the popular participating merchants include Sheng Siong, Redmart, and SPC. By shopping at these merchants, you can earn up to 5% or 8% cashback on your spending.
In addition, the card offers fuel savings of up to 20.1% at SPC. This can help you save money on your fuel expenses and earn more cashback.
To take advantage of these promotions, be sure to check the POSB website regularly for updates. You can also sign up for the card’s newsletter to receive notifications of new promotions and offers.
By following these strategies and taking advantage of partner merchants and promotions, you can maximise your POSB Everyday Card’s potential and earn more cashback.
Fees and Charges to Consider
When considering the POSB Everyday Card, it’s important to be aware of the fees and charges associated with it. Here are some fees and charges that you should consider before applying for this card.
Annual Fees and Waivers
The POSB Everyday Card has an annual fee of S$196.20 for the principal card. However, this fee can be waived for the first year if you meet certain spending requirements. To qualify for the waiver, you need to spend a minimum of S$6,000 within the first year of card activation.
For subsequent years, the annual fee can be waived if you spend a minimum of S$1,200 per year. If you are unable to meet the spending requirements, the annual fee will be charged to your account.
Other Potential Costs
In addition to the annual fee, there are other potential costs associated with the POSB Everyday Card. These costs include:
- Foreign currency transaction fee: 2.8% of the transaction amount
- Overlimit fee: S$40
- Cash advance fee: 6% of the transaction amount or S$15, whichever is higher
- Finance charges: 25.9% per annum
- Late payment charge: S$100 or 5% of the minimum payment due, whichever is higher
- Supplementary annual fee: S$96.30 per year
It’s important to note that these costs can add up quickly if you are not careful with your spending. To avoid these costs, make sure to pay your bills on time and avoid overspending.
Overall, while there are fees and charges associated with the POSB Everyday Card, it can still be a great option for those looking to earn cashback on their daily essentials. Just make sure to read the terms and conditions carefully and be aware of the potential costs before applying.
Frequently Asked Questions
How can I maximise my cashback with the POSB Everyday Card?
To maximise your cashback with the POSB Everyday Card, you can make use of the 10% cash rebates on categories like dining, groceries, utilities, and online shopping. You can also earn Daily$ cash back and spend it directly at participating merchants, to offset bills, or pay for goods and services with PayLah.
What are the latest promotions available for POSB Everyday Card holders?
As a POSB Everyday Card holder, you can enjoy exclusive promotions and offers. Currently, there is a promotion that allows all existing Principal POSB Everyday Card members to earn up to 10% rebates on their dining spend and online purchases at selected shopping merchants. Cardmembers are auto-enrolled, and no registration is required.
How do I apply for the POSB Everyday Card and start earning cashback?
You can apply for the POSB Everyday Card online or at any POSB/DBS branch. Once you receive your card, you can start earning cashback by using it to make purchases in eligible categories. Remember to check the terms and conditions to ensure that your purchases are eligible for cashback.
In what ways can I use my cashback earned through the POSB Everyday Card?
You can use your cashback earned through the POSB Everyday Card to offset your bills or redeem vouchers and gifts. You can also donate your cashback to charity or use it to pay for your next purchase.
Are there any exclusive rebates at Watsons with my POSB Everyday Card?
Yes, as a POSB Everyday Card holder, you can enjoy exclusive rebates at Watsons. You can earn up to 6% cashback when you shop at Watsons with your POSB Everyday Card.
What should I know about the Sheng Siong cashback promotion with the POSB Everyday Card?
As a POSB Everyday Card holder, you can enjoy exclusive cashback promotions at Sheng Siong. Currently, there is a promotion that allows you to earn up to $20 cashback when you spend a minimum of $250 at Sheng Siong. Remember to check the terms and conditions to ensure that your purchases are eligible for cashback.