What do you expect from a perfect cashback credit card? What categories would you like to see rewarded? Every person would give a different answer to these questions. But if an average family-oriented Singaporean is asked these questions, then perhaps the POSB Everyday Card would be the answer.
This credit card gives you 14% cash rebate on online food orders and overseas dining, 9% cash rebate on weekends and 3% on weekdays at restaurants, cafes and fast food outlets, and 5% rebate on other overseas expenses. Though there is an expiry date of 30th September, 2017 for dining rebates and 30th June, 2017 for overseas rebates, the bank is likely to extend the offer for a few more months.
You can also save up to 20.1% on fuel purchases at SPC petrol stations, 5% cash rebate on Sheng Siong grocery purchases, 3% cashback on personal care payments at Watsons, 1% cash rebate on repeated payments of StarHub and SP Services bills, and 0.3% cash rebate on all other transactions done through the POSB Everyday Card. The terms and conditions on cashback limits and minimum monthly spends differ among categories so be sure to read the card agreement carefully.
The rebates have no expiry date, and can be used to pay for purchases at 400-plus partner outlets. You can also exchange the credited cash rebates to pay for Comfort or CityCab taxi rides or the credit card bills. There are several other cash rebates available at selected merchants.
POSB is one of the largest domestic banks in Singapore. It is a part of the DBS Group, serving over 4 million customers on the island. Keeping the needs of its customers in mind, the bank launched POSB Everyday Card in 2005. This credit card offers excellent cashback offers that can be used to offset future purchases using the card.
One good reason to get POSB Everyday Card over other credit cards is to save money. You can save money while spending it. POSB Everyday Card is ideal for saving on everyday purchases such as petrol, travel, groceries, etc. With every spend, you earn a certain percentage of cash rebate that can be used to pay for your future purchases. POSB won the No.1 credit card in Singapore award at the 2008 AsiaOne’s People Choice Awards. Cardholders can enjoy up to 14% cash rebates on dining, travel, petrol, and grocery spend.
The bank has a 24-hour customer service hotline to answer its customers’ credit card related queries. Cardholders can sign up for Card Payment Protection plan which will cover any outstanding card balance in the event of job loss within a year of cover commencement.
Enjoy up to 14% cash rebate on dining spend using your POSB Everyday Card. Listed below are some exciting promotional offers offered by POSB for its credit cardholders:
POSB Everyday Card is a one of its kind credit card, designed to help the cardholder save money. It offers excellent cash rebates on everyday spend from petrol and dining to travel and groceries. Following are the reasons why you should apply for POSB Credit Card:
Get up to S$100 cashback by applying online for POSB Everyday Card before June 30th, 2017. New customers will get up to S$100 cashback while existing customers will get up to S$70 cashback. Spend a minimum of S$500 using your credit card within the 1st month of getting the credit card to receive up to S$100 cashback.
To apply for POSB Everyday Card, applicants have to meet certain age and income criteria.
Eligibility criteria for Singaporeans:
Eligibility criteria for foreigners:
Listed below are the features and benefits of POSB Everyday Card:
Listed below are the various fees and charges applicable for POSB Everyday Card:
Principal card: S$128.40
Supplementary card: S$64.20
|Minimum monthly payment||S$50 or 3% of the outstanding amount, whichever is higher|
For cash advance: 28% p.a.
For card transaction: 25.9% p.a.
|Interest-free period||20 days from the monthly statement due date|
|Interest adjustment||Additional 3% p.a. will be added to your existing credit card interest rate if you fail to make the minimum monthly payment on the due date|
|Cash advance fee||S$15 or 6% of the transaction amount, whichever is higher|
|Late payment charge||For outstanding balance above S$50: S$80 (the late payment charge per account will be S$100 from May, 2017)|
|Singapore Dollar transactions outside Singapore||Administrative fee of 1% will be charged by MasterCard or Visa on the converted Singapore Dollar amount|
|Foreign currency conversion fee||1% conversion fee and up to 2% administrative fee depending on whether it is Visa, MasterCard or American Express.|
|Replacement card fee||S$100|
|Retrieval fee||Monthly statement or sales draft: S$5.35 per copy|
Dishonoured cheque: S$20
Returned GIRO: S$30
New customers can visit the POSB Bank website to fill up the online application form to apply for POSB Everyday Card. Existing customers can apply for POSB credit card via iBanking or using their existing DBS or POSB credit card number and PIN. The relevant ID, age and income proof documents have to be submitted along with the application form. A POSB Bank customer care representative will follow up with the application process.
With POSB Everyday Card, cardholders get exclusive cash rebates on the following:
|Spend||Cash rebate percentage|
|Dining||Up to 14%|
|Petrol||Up to 20.1% at SPC|
|Groceries||5% at Sheng Siong|
|Health, personal care, and beauty||3% at Watsons|
|Utilities and phone bills||1% at SP Services and 1% at StarHub|
Cardholders can check their DBS Points through any of the following channels:
DBS points can be redeemed via:
Daily cash rebates can be redeemed in 2 ways via iBanking:
To report lost or stolen credit cards, call the bank at 1800 339 6963 for domestic calls and +65 6339 6963 for overseas calls. For any queries, suggestions, complaints or feedbacks, cardholders can contact the 24-hour POSB hotline numbers:
Or, visit the POSB Bank website to submit your enquiries, feedback, suggestions or complaints by filling up an online form.