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    POSB Everyday Card for Cash Rebate: Yet to Get Reviews

    This card has been designed to reward you on your day-to-day household expenses. Some of the key highlights of this card are:

    Card Highlights
    • Up to 6% cash rebate at Sheng Siong, SPC, SP Group, Starhub, Watsons, medical spends, recurring telco bills, and more.
    • Cash rebates never expire.
    • Use this card for MRT/bus rides as well as for cash withdrawals from ATMs.

    Best suited to: Individuals looking for a card that rewards them on everyday expenses.

    Key Features

    Features Description
    Annual fee S$192.60 (first year fee waiver)
    Cash rebate at Sheng Siong (groceries) 5%
    Cash rebate at Watsons (health, beauty, and personal care) 3%
    Cash rebate on local medical spend 3%
    Cash rebate on SP Group recurring utilities bills 1%
    Cash rebate on recurring telco bills 1%
    Cash rebate on all other spend 0.3%
    Complimentary travel insurance Not available

    Joining Perk

    Up to S$200 cashback for new and existing DBS/POSB cardholders. Apply online for this card before 30 June 2018 and earn up to S$200 cashback in the following ways:

    • Spend at least S$600 in the first month to qualify for the promotion.
    • If you are a new DBS/POSB cardholder, you will get S$100 cashback as a sign-up gift. If you are an existing DBS/POSB cardholder, you will get S$20 cashback as sign-up gift.
    • An additional S$100 cashback will be awarded to the top 50 spenders each month.

    Additional Benefits

    • The card doubles up as an EZ-Link card that allows you to make payments for MRT and bus rides in Singapore.
    • Combine your recurring bills with POSB Recurring Bill Payment Service, so you have just one account to manage and just one bill to pay each month.
    • Convert your purchases worth at least S$100 into interest-free, monthly instalments.

    Earn Rewards

    • 5% cash rebate on shopping for groceries at Sheng Siong up to S$1,000 spend (Daily$50) per month.
    • 3% cash rebate at Watsons.
    • 3% cash rebate on local medical spend on a minimum monthly spend of S$500. This benefit is only applicable to current POSB Smiley Child Development Account Trustees. Rebate is capped at S$50.
    • 1% cash rebate on recurring utility bills from SP Group. Rebate will be awarded on a maximum spend of S$100 per month.
    • 1% cash rebate on StarHub recurring bills. Rebate will be awarded on a maximum spend of S$100 per month.
    • 0.3% cash rebate on all other retail purchases.
    • Rebate earned with this card never expires.

    Let Us Illustrate:

    Let’s assume you have spent S$2,000 on your day-to-day expenses in the last month including spends on groceries, recurring payments, health/beauty products and other miscellaneous expenses. This is how you will earn rebate on your spends:

    Spend Category/Cash Rebate Monthly spend Cash Rebate Rate Cash Rebate Amount (in SAFRA$)
    Shopping at Sheng Siong S$900 5% Daily$45
    Spending at Watsons S$300 3% Daily$9
    SP Group recurring bills S$100 1% Daily$1
    Local medical spend S$400 3% Daily$12
    StarHub recurring bills S$100 1% Daily$1
    Other retail purchases S$200 0.3% Daily$0.6
    Total S$2,000 Cash rebate earned: Daily$68.6

    Redeem Cash Rebate

    You can redeem your rebate in any of the following ways:

    • Offset your purchases at more than 400 participating merchants, including Watsons, StarHub, SP Group, Popular, Urbanwrite, Harris, Pet Lovers Care, Prologue and SPC.
    • Offset your card bill or use it to buy vouchers for Comfort/CityCab taxis.

    Interest Rate

    Type of Interest Charge
    Retail purchases 25.9% p.a.
    Cash advance 28% p.a.
    Instalment Payment Plan 0%

    Fees & Charges

    Type of charge Charge
    Overseas Transaction Fee 2.8%
    Late Payment Fee S$100 (for outstanding balance above S$50)
    Over-limit fee S$40
    Cash Advance Fee 6% of the amount withdrawn or S$15, whichever amount is higher
    Supplementary Card Fee S$96.30

    Activating the Card for Overseas Use

    Yes, you will have to activate the card before you can use it overseas for making retail purchases at magnetic stripe reading terminals. This stripe comes as deactivated to protect you from unauthorised transactions. You can get the magnetic stripe on your card activated in the ways mentioned below:

    • digibank
    • SMS banking
    • digibank online
    • POSB/DBS ATMs in Singapore

    Instalment Payment Plans Available

    Instalment Payment Plan

    • Convert your purchases into monthly instalments at 0% interest.
    • You can choose to spread the transaction amount over 3, 6, 12, 18, or 24 months.
    • You can choose this plan only when you make the purchase at a participating merchant.
    • You can set up this arrangement directly with the merchant while making the transaction.

    My Preferred Payment Plan

    • Convert your purchases worth a minimum S$100 (single transaction) into monthly instalments and enjoy 0% interest.
    • Spread the transaction amount over 3, 6, 12, 18, or 24 months.
    • One-time processing fee may apply. Until 31 December 2018, if you choose the 3, 6, or 12 month plan, you will enjoy processing fee waiver.

    Cash Withdrawn on Credit Card

    You can withdraw any amount up to your available credit limit at POSB/DBS ATMs, iBanking, phone banking, or by visiting any POSB/DBS branch. The maximum amount you are allowed to withdraw from DBS/POSB ATMs is S$3,000 per day.

    Lost/Stolen Cards

    • Contact the bank and report the incident immediately upon discovering the loss or theft of your card.
    • You can notify the bank by calling the bank’s 24-hour customer service helpline.
    • You can also block your card online and subsequently, place a request for a replacement card.
    • In case of any fraudulent charges to your card, your maximum liability will be S$100. However, you must convince the bank that you have not acted negligently in ensuring your card’s safety.
    We, at BankBazaar, can help select the right credit card for you. All you need to do is visit our website, pick the card that you like, and apply for it online. In case you are still confused, our experts will get in touch with you to help you pick the perfect card.
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    What Else Do I Need to Know?

    How to Enable/Disable Auto Debit & Standing Instructions?

    GIRO, through iBanking or Digibank
    • Minimum or partial bill payment can be done through digibank.
    • iBanking can be used to pay the full bill amount.
    • Download (from the DBS website) and fill the GIRO Amendment/Termination Form.
    • Using Video Teller Machines or digibank, terminate GIRO payments if you need to.

    How to Apply for the Card & Check the Application Status?

    Online/iBanking

    You can apply for a POSB credit card online by visiting the card’s webpage. Existing customers can apply for the card through iBanking. You can check the status of your credit card application through Phone Banking.

    How to Check Balance

    Phone Banking/digibank/SMS/iBanking

    Check your available credit card balance using Phone Banking, digibank, SMS Banking or iBanking

    How Can the Bill Be Paid

    iBanking/Digibank/GIRO/ATM and Others

    You can pay your credit card bills in the following ways:

    • Cheque
    • Digibank
    • SMS Banking
    • Interbank GIRO
    • Digibank online/iBanking
    • POSB/DBS ATM
    • Video Teller Machine (VTM)
    • AXS Station/AXS e-Station/AXS m-Station/AXS QuickBill

    How Much is the Minimum Payment to Be Made on the Card

    3% of Satement Balance or S$50

    3% of the statement balance or S$50, (the greater among the two) in addition to any amount that is overdue or exceeds the credit limit, is what you have to pay every month to prevent defaults on the account.

    What Is the Grace Period

    20 Days

    Get an interest-free period of 20 days from the date when the statement gets generated. This is applicable only if you have paid your previous bills completely.

    Which Mobile Wallets Can This Card Be Used With

    Google Pay/Apple Pay/Samsung/DBS PayLah/PayNow

    With your POSB card, you can make purchases using DBS PayLah!, Google Pay, Samsung Pay, Apple Pay or PayNow.

    Can It Be Used With EZ-Link

    Yes

    Top-up your POSB credit card with EZ-link function directly through POSB/DBS ATM or you can apply for EZ-Reload.

    How to Block or Unblock SAFRA Card

    Internet Banking/Online Services

    You can block or unblock your credit card using POSB’s online services or internet banking, and demand for a replacement card instantly.

    How to Reset the PIN

    Digibank/Online form/VTM/iBanking

    Reset your credit card PIN instantly through an online form, Digibank, Video Teller Machine (VTM) or iBanking.

    What Is the Billing Cycle and Bill Due Date

    Check the Monthly Bill

    The credit card payment due date is normally 20 days from the statement date, after which you will be charged a late fee. The billing cycle will be mentioned on the card statement.

    How to Get a Replacement Card

    Online Services

    You can get a replacement for your credit card using POSB’s online services. However, you will have to state the reasons why you need a replacement.

    How to Temporarily Increase the Limit of Your Card

    Using online services

    You can enhance your credit limit on your POSB card during unexpected events such as hospitalisation, travel, wedding and other compassionate purposes. It is a hassle-free process that you can carry out online. Alternatively, you can enhance the credit limit by paying an advance amount into your card.

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