The POSB Everyday Card represents the best option for families or big spenders in different areas. If your daily shopping consists of food and fuel, for instance, this credit card is a must-have as your primary choice of paying at the register. It offers families or spenders an amazing way to earn cashback while shopping, with rebates ranging from dining, petrol, or even bills and wellness.
The POSB Everyday card has promotional rebates without a specific merchant targeted. Therefore you can earn up to 15% cashback on public transport and food deliveries or even cafes and restaurants. The only drawback is the personalized spend goal. This is assigned directly by the bank for each individual cardholder depending on your spending pattern.
Even though POSB Everyday Card represents a versatile card, its reward rates might be lower when taken into consideration other competitors on the market. But they often offer some promotional rates in very important categories. These include dining and transport, therefore, boosting the value of the card overall. It represents an exceptional match for high volume spenders with a vast range of cashback, allowing you to recoup the cost of its annual fee in no time.
Benefits of the POSB Credit Card
POSB Everyday Card has its strongest point when it comes to online food deliveries, public transportation, and parking payments. Using it in these specific scenarios, you will earn up to 15% in cashback. Dining and taxis, along with other select groceries, will allow a 5% rebate while personal care at Watson, for instance, has a 3% rebate.
Recurring bills and additional spending in this area will give you a 1% rebate. The card also has SimplyGo and ABT capabilities allowing you to keep track of the expenditure, logs, and crucial information.
Even though there is an annual fee of S$192.60, this is waived in the first year. Plus, as an average spender, you will recoup this cost quickly and also earn more rewards in the long run.
Every dollar of cashback is the equivalent of S$1, and this money is credited into the cardholder’s account each month. The cashback is non-transferable and automatically forfeited when you close your account, so keep that in mind before trying other banks and their credit card options.
It is a convenient and an all-in-one card, perfect for commuters who are on the lookout for such features with full access to an online app available both on a computer, smartphone, or tablet.
Fees and Rates
POSB Everyday Card offers up to 15% rebate on cashback, depending on where you use the card itself. As we mentioned earlier, the rebates range from 1% so 15%. This depends on the type of shopping you do and where you do it.
The annual fee is S$192.6, waived during the first year of use.
The rate on other spending is 0.3% and also also unlimited. Therefore any way you are using the card, you still get a little money back. The processing fee is free of charge, with an installment interest plan of 0%.
How to Apply
Applying for the POSB Everyday Card is an easy step-by-step procedure. It can be done using their website and online application form or via a bank representative over the phone or in one of their buildings.
In order to apply, you must check for eligibility. There are a few small criteria to prove that you can obtain the Everyday card with up to 15% cash rebates. One of them is your annual income, which should be over S$30,000 for Singapore citizens or S$45,000 for foreigners.
You can apply using this link here and check for their terms and conditions on this page to see if you are eligible.
Contact Information
The bank can be reached over the phone with pretty much any issue. The customer support that is thoughtful and diverse.
The main phone number is 1800 339 6666, and from there, you will be guided towards the adequate department. You can also mail them or visit one of their branches by checking which one is the closest to you here.
For less urgent issues you can reach via email at customerservice@dbs.com
Note: There are risks involved when applying for and using credit cards. Consult the bank’s terms and conditions page for more information.
