Limited-Time Bonus & Boosted Cashback!
Get S$150 cashback when you sign up for the POSB Everyday Card (for new to DBS/POSB Cardmembers only) and spend a minimum of S$800 within 60 days from the card approval date. This Promotion is valid until 31 January 2025.
- New to DBS/POSB Credit Cardmembers are defined as those who don’t currently have a Principal DBS/POSB Credit Card and haven’t cancelled any Principal DBS/POSB Credit Card in the last 12 months.
- For new and existing POSB Everyday Cardmember, you can enjoy a whopping 10% cash rebates boost on dining (excluding fast food) until 31 December 2024! This might be the best dining cash rebates offer I’ve ever seen on a credit card.
Along with the cashback, you can also enjoy an upsized 10% Cash Rebates on Dining:
- The 10% cash rebates offer applies to any restaurants or dining places with the MCC classified as:
- 5811 (Caterers)
- 5812 (Eating Places and Restaurants)
- 5813 (Bars, Cocktail Lounges, Discotheques, Nightclubs and Taverns – Drinking Places (Alcoholic Beverages).
- This excludes fast food restaurants or bakeries etc.
This is a very good deal for those who spend a lot on dining, caterers, or even bars. A nice restaurant meal with some wine can easily cost S$50 per person. The cash rebates are capped at Daily$15 per month. The sweet spot to maximise your cash rebates will be at S$150
POSB Everyday Card Overview:
Here’s a table summarizing the POSB Everyday Card benefits, including minimum spending, earning rates, cash rebates caps, and the ideal spending amount to maximize your rewards.
We call this ideal spending amount the “sweet spot spending.” This refers to the optimal spending amount to maximize your cash rebates for each category.
Minimum Monthly Spending Required | Earn Rate Per Category | Maximum Monthly Cash Rebates | Sweet Spot Spending |
S$800 | 10% cash rebates on online food delivery from foodpanda and Deliveroo | Daily$15 | S$150 |
3% cash rebates on other dining³ spends | Daily$15 | S$500 | |
5% cash rebates on Malaysia Ringgit spend every Saturday and Sunday | Daily$15 per week | S$300 | |
5% cash rebates on Online Shopping at selected merchants | Daily$15 | S$300 | |
up to 3% cash rebates on ²telco bills | Daily$3 | S$100 | |
8% cash rebates at Popular Bookstores | Daily$15 | S$187.50 | |
None | 3% cash rebates on Pet Lovers Centre (Min. S$15 Spend on regular-priced items) | No cap | Nil |
5% cash rebates on Sheng Siong | Daily$30 | S$600 | |
up to 22.93% on fuel savings when you use it on SPC petrol stations islandwide. | No cap | Nil | |
up to 3% cash rebates on utility bills with selected electricity retailers | Daily$1 or Daily$2 | S$100 for both | |
¹Dining: includes transactions under: - MCC 5811 (Caterers), 5812 (Eating Places and Restaurants), 5813 (Bars, Cocktail Lounges, Discotheques, Nightclubs and Taverns - Drinking Places (Alcoholic Beverages). - This excludes fast food restaurants and bakeries. ²Telco: Singtel, Singtel GOMO, StarHub, StarHub giga, M1, MyRepublic, Circles.Life ³Includes dining transactions classified under Merchant Category Code (“MCC”) 5811, 5812, 5813, and excludes 5814 (Fast Food Restaurants). | |||
Key Card Benefits:
- No minimum spend required for cashback on groceries at Sheng Siong, petrol at SPC, pet supplies at Pet Lovers Centre, and utilities at selected electricity retailers.
- High cash rebates for dining, food delivery with foodpanda & Deliveroo.
- Great for families to earn cash rebates on school supplies at Popular and groceries at Sheng Siong.
- Save on family outings or date nights with an upsized 10% cash rebates dining boost.
- Excellent fuel savings up to 22.93% savings at SPC petrol stations. (Currently one of the best cards for fuel savings with SPC!)
Here’s how I might optimise the sign up bonus & cash rebates:
1.Consolidate Your Spending:
- Shift your regular expenses like dining, groceries, fuel, utilities and dining to the card.
2. Recurring Payments: Set up recurring payments for utilities to simplify spending.
3. Combine with Dining Deals:
- Look out for dining deals or offers offline or online. Avoid fast food, bakeries or voucher type purchases.
4. Online Shopping:
- Use the card for all online shopping purchases.
- Explore online marketplaces for items you need.
5. Be the Helpful Friend:
- Offer to pay first for the group when in group dining situations.
- Help friends or family or neighbours to order stuff online.
Remember:
- The goal is to spend S$800 strategically, not overspend. Focus on buying essentials or planned purchases. Avoid impulsive spending solely to meet the minimum spend requirement.
How To Apply:
- Apply for the POSB Everyday Card using the promo code <150CASH> via the link below:
Forgot to enter the promo code during your application? Don’t worry, you can do so here.
2. Apply by 31 January 2025.
3. Spend a minimum of S$800 within 60 days from the card approval date.
You’ll receive a S$150 cashback credit to your card within 3-5 months after reaching the minimum qualifying spend. You can earn cashback and fulfill the qualifying spend on almost everything, from groceries to dining out, except for expenses that are listed in the exclusion list. This includes e-wallet top-ups, taxes, insurance, and government fees etc. Check the Terms & Conditions for the exclusion list.
Conclusion:
The POSB Everyday Card is designed to help you maximize your everyday savings. It covers essentials like groceries, petrol, and utilities while offering generous rewards on dining and shopping. With no minimum spend on many categories and a S$150 welcome gift for new to DBS/POSB Credit Cardmembers, this card makes your money go further. Don’t miss out— apply here today for the POSB Everyday Card using the promo code <150CASH> before 31 January 2025 and enjoy the rewards!
Additional resources:
POSB Everyday Card General – Terms and Conditions
Upsized 10% Cash Rebates on dining – Frequently Asked Questions
POSB Everyday Card Signup Promotion – Terms and Conditions
💳 Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
💡 We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
