POSB Everyday Card Review

Enjoy up to 10% cash rebates in selected categories. Plus, enjoy rebates that won’t expire with this versatile credit card.

The POSB Everyday Card offers double-digit cash rebates and a host of other benefits that reward you while you spend. Read on to find out the key points of The POSB Everyday Card, to help you decide if this card is right for you.

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$0 annual fee for 1 year - $192.60 thereafter

Annual Fee


Effective Interest Rate


Min Income - Singaporean and PR


Product NamePOSB Everyday Card
RewardEnjoy up to 10% cash rebates on dining and online shopping at selected e-Marketplaces.
Effective Interest Rate26.8%
Interest Free PeriodUp to 25 days
Minimum Monthly Repayment3% of the statement balance (or S$50, whichever is greater) plus any amount that is overdue and/or exceeds your credit limit

Review by

James Martin is a senior writer at Finder. He has written on a range of finance and business topics for over five years and his work has been featured in publications including The Irish Times, Companies 100, In Business and Q Magazine (UK). As a trained journalist, James can drill into the finer details of financial products to help you save time and money. In his spare time, James is a committed sports fan, novel reader and Thai food enthusiast.

Expert review

The POSB Everyday Card is a cash rebates credit card that offers generous rebates of up to 10% as you spend on some daily essentials. This card stands out from many of its competitors in a few ways. There’s no cap to what you can earn in some categories, including fuel at SPC. You can also earn money back on your recurring utility bills. What’s more, there’s no need to worry about your rebates expiring.

Benefits of using the POSB Everyday Card

  • Cash rebates. Get up to 10% in cash rebates on dining and online shopping at selected e-Marketplaces. Plus, up to 21.8% in fuel savings.
  • Multiple rebate categories. These are wide-ranging and include shopping, fuel, utilities, telecommunications and more.
  • No expiry date for rebates. The cash rebates earned with this card can be used to offset purchases at over 200 partners and via the DBS Lifestyle app.
  • 0% payment plans available. The POSB Everyday Card allows you to split some of your purchases into interest free installments for no extra fee.
  • Sign up offer. Receive $150 cashback when you apply online and charge at least $800 within the first 60 days from card approval date. Promo code : '150CASH'.T&Cs apply. Valid until 31 Jan 2023.

Features of the POSB Everyday Card

  • Annual fee waiver. There’s no annual fee to pay in your first year. A yearly fee of $192.60 applies thereafter. Also, each additional card will pay a fee of $96.30 per year.
  • Simplify your spending with one card. This is an all-in-one card for your daily essentials, bus and train rides and cash withdrawals at ATMs.
  • DBS Multiplier Account. By linking your credit card to a DBS Multiplier Account, you can unlock up to 3.8% of interest each year.

How do I apply for the POSB Everyday Card?

You can apply for the POSB Everyday Card via the POSB website.

If you are an existing POSB or DBS customer you can apply through your internet banking, otherwise, new customers can use MyInfo with your SingPass. If you don’t have a SingPass account, you will need to manually complete a form and then provide documentation to support your application which is outlined below. Make sure to have this ready to go before applying and that you meet the eligibility criteria.

It typically takes up to seven days to process your application after you have submitted all the required documentation. You’ll be notified via SMS or email once your application has been processed.

Eligibility Criteria

  • Be 21 years or older
  • Have an income of at least $30,000 for Singaporeans and PR, and $45,000 for foreigners

Required documents

For salaried Singaporeans

  • A photocopy of your National Registration Identity Card (NRIC), front and back, and;
  • Latest 12-month Central Provident Fund (CPF) contribution history statement, and;
  • Computerised payslips for the last three months, or;
  • Latest Income Tax Notice of Assessment, or;
  • POSB or DBS account number if your salary has been credited to this account for the last three months via Giro.

For self-employed or commission-based workers

  • A photocopy of your NRIC (front and back), and;
  • Latest 2 years Income Tax Notices of Assessment

For commission or variable income earners

  • A photocopy of your NRIC (front and back), and;
  • Latest 12 months CPF contribution history, or;
  • Latest Income Tax Notice of Assessment

For foreign nationals

  • Valid Passport with 6 months’ validity, and;
  • Employment Pass with at least 6 months’ validity, and;
  • Latest computerised payslip or salary crediting Singapore dollar account with DBS/POSB account, and;
  • Most recent Income Tax Notice of Assessment where available

If employment is less than three months, a company letter dated within three months of application that certifies employment and your salary in Singapore dollars.

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