If you’re looking for a credit card that rewards you for your daily essentials, the POSB Everyday Card might just be what you need. This credit card not only offers cash rebates on dining and online shopping but also provides exclusive promotions when you shop at selected partners. One of these partners is Sheng Siong, a popular supermarket chain in Singapore.
With the POSB Everyday Card, you can enjoy up to 15% savings at Sheng Siong in-stores and receive a S$10 return voucher with a minimum spend of S$100. What’s more, from 5 January 2024, you can get a free abalone worth S$29.80 when you spend S$188 nett and a free CNY gift set worth S$69.80 when you spend S$388 nett. These promotions are valid while stocks last, so be sure to take advantage of them before they’re gone.
If you’re interested in learning more about the POSB Everyday Card and how to maximise its benefits, keep reading. In this article, we’ll provide an overview of the card, its rewards and cash rebates, as well as its exclusive promotions and partnerships. We’ll also help you understand the fees and charges associated with the card and share tips on how to get the most out of it.
Overview of POSB Everyday Card
If you’re looking for a credit card that rewards you for your daily expenses, then the POSB Everyday Card may be the right choice for you. With this card, you can earn cash rebates on categories such as dining, groceries, utilities, and online shopping. Here’s a closer look at some of the key features and eligibility criteria for the POSB Everyday Card.
Key Features
The POSB Everyday Card offers up to 10% cash rebates on your daily essentials, making it an all-rounded cash rebates credit card. You can enjoy cash rebates on dining, shopping online, and purchasing groceries. Additionally, you can also get up to 50% off on family attractions and other exclusive deals, as well as up to 20.1% on fuel at SPC.
One of the standout features of the POSB Everyday Card is that it lets you earn cashback on your utilities and telco bills. This is a rare benefit that sets this card apart from many others. You can also enjoy exclusive discounts and promotions at selected merchants, including Sheng Siong Supermarket.
Eligibility Criteria
To be eligible for the POSB Everyday Card, you must be a Singaporean or Permanent Resident aged 21 years and above. Foreigners who hold a valid Employment Pass, S Pass, or Work Permit may also apply. You will need to have a minimum annual income of $30,000 if you’re a Singaporean or Permanent Resident, or $45,000 if you’re a foreigner.
To apply for the POSB Everyday Card, you will need to have a SingPass account and MyInfo profile. This is to facilitate the application process and ensure that your details are accurate. The annual fee for the POSB Everyday Card is $128.40, but it is waived for the first year. Overall, the POSB Everyday Card is a great choice for those who want to earn cash rebates on their daily expenses and enjoy exclusive discounts and promotions.
Rewards and Cash Rebates
If you are looking for a credit card that rewards you for your daily expenses, the POSB Everyday Card is worth considering. This card offers cash rebates on various categories, including dining, groceries, online shopping, fuel, transport, utility and recurring bills.
Dining and Groceries
With the POSB Everyday Card, you can enjoy up to 10% cash rebates on your daily essentials, including groceries and dining. You can also save up to 15% at Sheng Siong in-stores. To be eligible for the promotion, a minimum spend of $100 is required. You will receive a $10 Sheng Siong return voucher for every $100 spent.
Online Shopping
Online shopping is becoming increasingly popular, and the POSB Everyday Card has got you covered. You can enjoy cash rebates of up to 6% on online shopping at Lazada, Qoo10, Shopee, Taobao, and Amazon.sg. For RedMart and Watsons, you can enjoy up to 3% cash rebates. You can also use promo codes to enjoy additional discounts.
Fuel and Transport
The POSB Everyday Card offers cash rebates of up to 20.1% at SPC petrol stations. You can also enjoy cash rebates of up to 6% on Comfort and CityCab taxi rides. If you are a Tuas Power or Geneco customer, you can enjoy up to 1% cash rebates on your utility bills.
Utility and Recurring Bills
The POSB Everyday Card allows you to enjoy up to 3% cash rebates when you set up recurring payments for your utilities and phone bills. You can save on your electricity expenses and stay connected with your loved ones while being worry-free. Each card member will receive up to a maximum of Daily$3 per calendar month with no minimum spend.
In conclusion, the POSB Everyday Card is a great option for those looking to earn cash rebates on their daily expenses. Whether you are dining out, shopping online, or paying your utility bills, this card has got you covered. With its attractive rewards and cash rebates, you can save money while enjoying your daily activities.
Exclusive Promotions and Partnerships
As a POSB Everyday Cardholder, you can enjoy a range of exclusive promotions and partnerships that are designed to enhance your shopping, dining, and lifestyle experiences.
Shopping Deals
With your POSB Everyday Card, you can enjoy attractive discounts and cashback offers when you shop at popular retail outlets in Singapore and overseas. For instance, you can get up to 15% savings when you shop at Sheng Siong supermarkets in Singapore. You can also enjoy exclusive offers when you shop online at iHerb, a popular health and wellness e-commerce platform.
Dining Specials
If you love dining out, you’ll be pleased to know that your POSB Everyday Card entitles you to a range of dining privileges at popular restaurants in Singapore. You can enjoy discounts of up to 50% at selected dining establishments, as well as special promotions during festive periods.
Lifestyle Perks
In addition to shopping and dining privileges, your POSB Everyday Card also offers you a range of lifestyle perks that cater to your interests and hobbies. For instance, if you’re a pet lover, you can enjoy discounts at Pet Lovers Centre, a popular pet store chain in Singapore. You can also enjoy exclusive offers when you use your POSB Everyday Card to make bill payments or foreign currency transactions.
Moreover, you can enjoy a range of exclusive deals and rewards when you use PayLah!, a mobile wallet app that allows you to make cashless payments conveniently and securely. You can also enjoy speedy medical care at SpeedyCare clinics in Singapore, which offer a range of medical services at affordable prices.
Overall, the POSB Everyday Card offers you a range of exclusive promotions and partnerships that cater to your lifestyle needs and preferences. With your POSB Everyday Card, you can enjoy a range of benefits that are designed to make your life easier and more enjoyable.
Understanding Fees and Charges
If you’re considering getting a POSB Everyday Card, it’s important to understand the fees and charges associated with it. Here’s what you need to know:
Annual Fees
The annual fee for the POSB Everyday Card is S$196.20 for the principal card, with the first year waived. For supplementary cards, the annual fee is S$98.10 per card. Keep in mind that these fees are subject to 9% GST starting from 1 January 2024. However, you can avoid paying the annual fee by meeting the minimum spend requirement of S$6,000 per year.
Transaction Fees
When using your POSB Everyday Card, you may incur transaction fees such as cash advance fees and foreign currency transaction fees. Cash advance fees are charged at 6% of the amount withdrawn or S$15, whichever is higher. Foreign currency transaction fees are charged at 2.8% of the transaction amount.
It’s important to note that finance charges may also apply if you don’t pay your balance in full by the due date. The finance charge is calculated at 25.9% per annum on the outstanding balance, with a minimum charge of S$2.50.
Annual Fee Waiver
As mentioned earlier, you can avoid paying the annual fee for the POSB Everyday Card by meeting the minimum spend requirement of S$6,000 per year. This can be easily achieved by using your card for your daily essentials and at Sheng Siong stores, where you can enjoy up to 15% savings.
Late Fee
If you miss a payment or pay less than the minimum amount due, you may be charged a late fee of S$100. To avoid this, make sure you always pay your balance in full and on time.
Overall, the POSB Everyday Card is a great option for those looking to earn cash rebates on their daily essentials. Just be sure to understand the fees and charges associated with it to avoid any surprises down the road.
How to Maximise Your Benefits
If you’re looking to make the most out of your POSB Everyday Card, there are a few things you can do to maximise your benefits. Here are some tips to help you get started:
Strategic Spending
One of the best ways to maximise your benefits with the POSB Everyday Card is by strategically planning your spending. By focusing on categories that offer higher cashback rates, you can earn more rewards with every purchase.
For example, you can earn up to 7% cashback on groceries at Sheng Siong, capped at Daily$30 per month. You can also earn up to 10% cashback on food delivery and up to 5% cashback on online shopping. By using your POSB Everyday Card for these types of purchases, you can earn significant cashback rewards over time.
Combining Offers
Another way to maximise your benefits is by combining offers. For example, if you have a DBS Multiplier Account, you can earn additional cashback on your POSB Everyday Card purchases. The more you spend, the more cashback you can earn.
You can also take advantage of cashback promotions offered by participating merchants. For example, you may be able to earn additional cashback when you dine at certain restaurants or shop at certain stores. By keeping an eye out for these promotions, you can earn even more rewards with your POSB Everyday Card.
Just be sure to read the fine print before taking advantage of any promotions. Some offers may have restrictions or limitations that could affect your ability to earn cashback rewards.
Overall, the POSB Everyday Card is a great option for everyday use. With its generous cashback rewards and low cash advance fee, it’s a great way to save money on your everyday purchases. Just be sure to meet the eligibility criteria before applying and use your card responsibly to avoid any fees or penalties.
Frequently Asked Questions
What are the latest Sheng Siong promotions available with the POSB Everyday Card?
As of the current date, the POSB Everyday Card offers up to 10% cash rebates on categories like dining, groceries, utilities, and online shopping. Sheng Siong Supermarket is one of the merchants where you can enjoy these cash rebates. Keep an eye out for any ongoing promotions or special deals that may be available exclusively for POSB Everyday Card users.
How can I maximise benefits with my POSB Everyday Card?
To maximise your benefits with the POSB Everyday Card, make sure to use it for your daily essentials like groceries, dining, and utilities. You can also check for any promotions or deals available with the card that may offer additional cash rebates or discounts. Remember to pay your bill on time and in full every month to avoid any interest charges.
What should I do to check my current rebate balance on my POSB Everyday Card?
You can check your current rebate balance on your POSB Everyday Card by logging in to your account on the DBS website or mobile app. Alternatively, you can also check your balance by calling the DBS hotline at 1800 111 1111.
Are there any special rebates at Watsons for POSB Everyday Card users?
As of the current date, there are no special rebates at Watsons for POSB Everyday Card users. However, you can still enjoy up to 10% cash rebates on your daily essentials like groceries and dining when you use your POSB Everyday Card.
How much is the annual fee for the POSB Everyday Card, and are there ways to waive it?
The annual fee for the POSB Everyday Card is $128.40. However, you can enjoy a waiver of the annual fee for the first year if you are a new cardmember. Additionally, you can also enjoy a waiver of the annual fee for subsequent years if you spend a minimum of $10,000 annually on your card.
How can I top up my POSB Everyday Card and what are the methods available?
You can top up your POSB Everyday Card by transferring funds from your DBS/POSB savings or current account to your card account. You can do this through the DBS website or mobile app, or at any DBS/POSB ATM. Alternatively, you can also set up a recurring transfer to automatically top up your card every month.