POSB Everyday Card
Earn up to 10% cash rebates on selected categories on local spend
POSB Everyday Card Overview:
The ultimate everyday card! Make your everyday more fun and exciting as you spend your day to day essentials and more, with up to 10% cash rebates on dining and online food delivery. Get bigger savings when you shop at Sheng Siong with 5% cash rebates. Need to fuel up? Save up to 22.93% on fuel when you use it on SPC petrol stations islandwide. This card gives the highest savings with SPC!
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 and above per annum (locals & PRs); S$45,000 and above per annum (Foreigner)
- Annual Fee: S$196.20 (incl. of GST), waived for the first year. Afterwhich, you can call the bank for a waiver.
Key Benefits:
This card can earn on different categories and merchants under your usual, everyday spendings, here’s the table of all the earn rate and sweet spot spending:
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). | |||
Best used for Dining and Online Food Delivery
- Currently, POSB offers 10% cash rebates (until 31 December 2024) on all dining category (including online food deliveries) which is the highest offer in this card. This has a minimum spend of S$800 and a monthly cap of Daily$15. Do note that it is only applicable on the following MCCs:
MCC | Description | Example |
5811 | Caterers | Eats, Neo Garden, How’s Catering, etc |
5812 | Eating Places and Restaurants | Grab Food, Deliveroo, Din Tai Fung, Toast Box, etc. |
5813 | Bars, Cocktail Lounges, Discotheques, Nightclubs and Taverns – Drinking Places (Alcoholic Beverages) | Kanpai, Marche, Wine Connection, Harry’s, etc. |
This excludes MCC 5814 (Fast Food Restaurants) and MCC 5462 (Bakeries) | ||
Good for Online Shopping
- There is 5% Cash Rebates at selected online shopping merchants with a minimum spend of S$800 and a monthly cap of Daily$15. The sweet spot spending is S$300. You can spend on the following online shopping merchants
- Amazon.sg
- Lazada
- Shopee
- RedMart
- Taobao
Best used at Sheng Siong
- Earn 5% Cash Rebates at Sheng Siong with no minimum spend and a monthly cap of Daily$30. The sweet spot spending is S$600
Earn petrol savings at SPC
- Get 22.93% on fuel savings when you use it on SPC petrol stations islandwide with no minimum spend and no cap
- 5% discount on petrol purchases at any SPC petrol station
- 10% discount with an SPC&U Card (5% for non-SPC&U members)
- Additional 6% Cash Rebates in Daily$ on the final charge amount (after other applicable discounts)
- S$6 cashback into cardmember’s account when using a POSB Everyday Card
Exclusion List:
MCC | Description |
4784 | Toll and Bridge Fees |
4829 | Money Transfer |
4900 | Utilities – Electric, Gas, Water, Sanitary |
6010 | Financial Institutions – Manual Cash Disbursements |
6011 | Financial Institutions – Automated Cash Disbursements |
6012 | Financial Institutions – Merchandise, Services and Debt Repayment |
6051 | Non-Financial Institutions – Foreign Currency, Liquid and Cryptocurrency Assets, Money Orders (not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment |
6211 | Security Brokers/Dealers |
6300 | Insurance Sales, Underwriting, and Premiums |
6381 | Insurance Premiums |
6399 | Insurance, Not Elsewhere Classified |
6540 | Non-Financial Institutions – Stored Value Card Purchase/Load |
7523 | Parking Lots, Parking Meters and Garages |
7995 | Betting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks) through any channel; |
8062 | Hospitals |
8211 | Elementary and Secondary Schools |
8220 | Colleges, Universities, Professional Schools, and Junior Colleges |
8241 | Correspondence Schools |
8244 | Business and Secretarial Schools |
8249 | Vocational Schools and Trade Schools |
8299 | Schools and Educational Services (Not Elsewhere Classified) |
8398 | Non-profit Organisations |
8661 | Religious Organisations |
9211 | Court Costs, Including Alimony and Child Support |
9222 | Fines |
9223 | Bail and Bond Payments |
9311 | Tax Payments |
9399 | Government Services (Not Elsewhere Classified) |
9402 | Postal Services – Government Only |
9405 | Intra-Government Purchases – Government Only |
AMAZE* | AXS BizPay* | AXS PTE LTD* |
BAGUS* | CANTINE* | EZLINK* |
EZ-LINK* | PAYPAL *AXS PTE LTD* | RAZERPAY* |
SAM -* | SAM PAYMENTS* | SEDAP* |
SGEBIZ* | SHOPEEPAY* | SINGAPORE E-BUSINESS* |
SINGTEL DASH* | TRANSIT 3* | YOUTRIP* |
Advantages:
- No minimum spend on certain categories – I used to use this card just for petrol at SPC and Sheng Siong!
- No expiry for earned Daily$
Disadvantages:
- Dining, food delivery, and online shopping capped at Daily$15 per category per calendar month
- Cashback on recurring utility bills and recurring telco bills are capped at Daily$3 per calendar month respectively
- Require a relatively high minimum of S$800 per calendar month to qualify for telco cash rebates, online shopping, and food delivery services.
- Daily$ cannot be combined with DBS points, even though it’s the same bank
- Where can I check my Daily$: For every $1 cash rebate earned, you will earn 1 Daily$. You can check it out via digibank Online and the DBS PayLah! app. Here’s the step-by-step process
- Where do I redeem my Daily$: You can redeem you Daily$ using various options:
- Instants Daily$ redemption:
- Use your Daily$ to offset your purchase instantly in-stores at participating merchants: Sheng Siong, SPC, Watsons, Pet Lovers Centre
- DBS PayLah!
- Offset any of your purchases with Daily$ anytime, anywhere. Find out more here
- Digibank Online
- Offset your credit card bills or redeem Krisflyer miles. Find out more here
- Participating Merchants’ Website or Mobile App
- Use Daily$ to offset your online purchases instantly at participating merchants’ website or mobile app:
- DBS Apple Rewards Store
- Shopee
- Zalora
- AXS
- Use Daily$ to offset your online purchases instantly at participating merchants’ website or mobile app:
- Instants Daily$ redemption:
Final Thoughts:
The POSB Everyday Card may be one of the best cashback credit card available for those who spend on the merchants in the “no minimum spend required” categories, specifically on Sheng Siong (max S$600 spending cap) and SPC (no spending cap). The categories that require a high minimum spend of S$800 is not necessarily a compelling proposition as I could see other cards that could offer a better deal. If my main mode of transport is public transport, I would be more inclined to get Standard Chartered SMART card. If I drive and pump petrol at SPC, I would be more inclined to get this card.
💳 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.
