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    POSB Bank Credit Card

    POSB bank may have been acquired by DBS in 1995 but still carry on their operations. This bank was originally set up as the Post Office Savings bank and was designed to provide low cost banking services to the public. Its main attraction was the basic savings account and a waiver of banking fees and charges to children, full time students and National Servicemen. Post-acquisition, POSB has still maintained the principle of providing its customers what they really need. Devoid of fancy bells and whistles, the bank now offers financial products and solutions that cut straight to the point and put practicality above all else.

    This cannot be any more evident in the credit card it provides. While most other banks churn out a long list of credit cards with so many monikers that can make anyone’s head spin, POSB has decided to go the smarter route and combine all the features and benefits of different credit cards into one. Whether the cardholder constantly splurges on health and beauty care products or is always eating out with family and friends, the card serves almost every purpose. The card has been designed keeping in mind the various expenses a cardholder may face on any given day.

    The Everyday card brings the much needed element of practicality into the credit card. With rebates offered for utility bill payments and savings provided on petrol, the benefits of the card are hard to debate. Let’s not forget the amount of space one would be saving in their wallet when they can replace 3 of their other credit cards for just one.

    Best POSB Credit Cards in Singapore

    Card Name Joining Fee Annual Fee Suitable For Joining Perks
    POSB Everyday Card Annual fee waiver for first year Principal Card: S$128.40 Supplementary Card: S$64.20 per card Dining, Petrol, Cashback,Groceries, Travel, Utility bill payments 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 while existing customers will get up to S$70 cashback. Spend a minimum of S$500 using your credit card within the 1st month to receive up to S$100 cashback.

    POSB Everyday Card:

    POSB Credit Card
    • Exclusive cashback offers: Enjoy up to 14% cash rebate on dining, up to 20.1% on petrol, 5% on grocery spend at Sheng Siong, 3% at Watsons, 1% at SP Services and StarHub, and 0.3% on all other spend.
    • Redeem My Rebates: You can redeem your cash rebates using iBanking or instant redemption at over 400 participating partner outlets including SP Services, Watsons, StarHub, and SPC.
    • Recurring Bill Payment: Consolidate all your bill payments in one card, earn cashback offers when paying bills with POSB Everyday Card, and get discounts on purchases made at over 400 participating partner outlets.
    • Flexible Payment Plan: Cardholders can convert any retail items into easy installment payment plans wherein they can enjoy 0% interest payments with a low processing fee over a period of 3, 6, 12, 18, and 24 months.

    Best POSB Supplementary Credit Card

    Principal cardholder can apply for supplementary cards to share the rewards, dining and shopping privileges, and flexible payment plans with their loved ones. The reward points earned by the supplementary cardholder will be accumulated in the principal card and can be redeemed only by the principal cardholder. Annual fee is waived for the 1 year for the supplementary card. To apply for supplementary card, you can visit the POSB Bank website to download the application form.

    POSB Credit Card Promotion in Singapore

    Listed below are some exciting promotional offers provided by POSB Bank for its credit cardholders:

    • Get additional 3% off for 2 pax cruise fare on all sailings at Cruise 1st using your POSB Everyday Card. This promotional offer is valid until December 31st, 2017.
    • Rent Mercedes E Class, Audi A6, 7-Seaters MPV for S$50 and Audi A3 Sedan for S$32 at Wolero. This promotional offer is valid until July 31st, 2017.
    • Get 10% off on ala carte food menu for dine-in at Oven Fried Chicken. This promotional offer is valid until June 30th, 2017.
    • For this June school holidays, Visit Perth, Brisbane, Sydney, Melbourne, and Hong Kong with exclusive fare starting as low as S$199. This promotional offer is valid until May 31st, 2017. For more POSB Credit Card Promotions click here

    Requirement to Apply POSB Credit Cards

    Eligibility criteria for Singaporeans:

    • Principal cardholder must be minimum 21 years old and supplementary cardholder must be minimum 18 years old.
    • The minimum annual income requirement of a Singaporean is S$30,000.

    Eligibility criteria for foreigners:

    • Principal cardholder must be minimum 21 years old and supplementary cardholder must be minimum 18 years old.
    • The minimum annual income requirement for a foreigner is S$45,000.

    How to Activate POSB Credit Card?

    Upon receipt of the POSB Credit Card, activate it immediately for smooth card transactions.

    Credit card activation process for regular use:

    Any of the following methods can be used to activate POSB credit card from overseas:

    • SMS: Send Activate card's last 4 digits to 77767 from your locally registered mobile number to activate your POSB credit card. For foreign-registered mobile number, use iBanking or DBS digibank app.
    • iBanking: Log into iBanking using your user ID and password, select 'Card Activation' under the Card tab, select the card you want to activate, accept the Terms and Conditions and click on Next, then verify the details before clicking on Submit.
    • DBS Digibank App: Log into the DBS digibank app using your user ID and PIN, under Card Services, select 'Activate Credit Card', key in your 6-digit iB Secure PIN. Follow the instructions on the screen to complete the activation process.
    • POSB ATM: Insert the credit card, enter the PIN, select the following options on screen: More Services, Cards/PIN/iBanking/Phonebanking, and Activate Card. Follow the instructions on the screen to complete the activation process.

    Credit card activation process for overseas use:

    Any of the following methods can be used to activate POSB credit card from overseas:

    • Internet Banking.
    • Call the POSB Bank 24-hour Customer Service hotline and use your Telephone PIN to initiate the card activation process.
    • Mail the activation slip enclosed in the card mailer and the credit card will be activated in 5 working days from the date of receipt.

    How to Cancel POSB Credit Card?

    Both the bank and the cardholder have the right to cancel or terminate the use of a credit card whenever deemed necessary. If your POSB credit card has been lost or stolen, you can call the POSB customer service hotline to cancel the card and request a replacement card. To cancel your POSB credit card, submit card cancellation request form in writing at DBS Cards, Orchard Road, P.O. Box 360, Singapore 912312. All outstanding dues on the card has to be paid. Auto-debit arrangements have to be cancelled. The bank will confirm the cancellation notification mail. There are few charges that will be levied for card cancellation. The card has to be cut in pieces and discarded after cancellation.

    POSB Credit Card Hotline

    Lost your credit card, renew or upgrade existing credit card, and other queries related to credit reach experts through POSB Hotline, Hotline numbers for POSB credit card are:

    • Singapore calls: 1800 111 1111
    • Overseas calls: +65 6327 2265

    FAQs on POSB Credit Cards

    1. Can I instantly redeem the cash rebates that I get with the card?
    2. Yes, you can instantly redeem your cash rebates at POSB partner outlets such as SPC, Watsons, POPULAR etc.

    3. I am a Singaporean citizen and have a monthly income of S$5000. Am I eligible to apply for POSB Credit Card?
    4. As a Singaporean citizen, you are eligible to apply for POSB credit card if your annual income is S$30,000 or more.

    5. What is the annual fee for the POSB Credit Card?
    6. The annual fee is S$38.52 for the primary card and S$19.26 for each supplementary cards.

    7. What are the travel benefits offered with this card?
    8. With your POSB credit card you can earn cash rebates for travel bookings, taxi bookings, paying parking fees etc.

    9. What are the lifestyle benefits offered with this card?
    10. With your POSB credit card you can earn cash rebates for purchasing personal care, beauty and health products/services at Watsons, for purchasing books at UrbanWrite and POPULAR, for paying your broadband and cable bills at StarHub and so on.

    11. I am 18 years old. Am I still eligible to apply for a POSB Credit Card?
    12. Yes. Applicants aged 18 and above are eligible to apply for the POSB Everyday Supplementary Credit Card. However, to be eligible to apply for a POSB Everyday Principal Card, you must be at least 21 years of age.

    13. Have the membership fees for the POSB Credit Cards increased?
    14. Not yet. The current annual fee for a POSB Everyday Principal Credit Card is SGD 38.52 and a Supplementary Card is SGD 19.26. However, starting from October 1st, 2015, the fees for both, principal and the supplementary Everyday Credit Cards have been revised to SGD 128.40 and SGD 64.20 respectively.

    15. Does POSB charge an overlimit fee for Credit Cards?
    16. Yes. If your outstanding balance exceeds your credit limit, a fee of SGD 40 will be charged as the overlimit fee.

    17. What is the minimum amount required to avail the Cash Advance - Instant Cash feature provided by POSB?
    18. There is no minimum amount required to withdraw Cash Advance. However, you cannot withdraw more than SGD 3,000 per day from a POSB/DBS ATM.

    19. What is the POSB Recurring Bill Payment option?
    20. The POSB Recurring Bill Payment option allows you to manage your bills very easily by consolidating all your bills into your POSB Everyday Card. In this manner, you only have one bill to pay every month where all your bills will get charged to one account that will be used to make all the payments.

    News About POSB Credit Card

    • POSB cards offering cashback up to $160

      Runtime period: This promotion will expire on December 31, 2016.

      Particulars

      A new POSB credit cardholder will get a cashback of up to S$160 as a sign-up bonus. An existing POSB credit cardholder will receive a cashback of up to S$100 for signing up for a new card. For this offer, you will need to make a minimum purchase of S$500 within the first month once your card gets accepted.

      Terms & Conditions

      • This offer is valid only on the principal POSB credit cards.

      • The reward will be credited to the cardholder’s account within 60 days after the full minimum spending requirement is met.

    • POSB launches VTM!

      POSB customers have a reason to rejoice as soon they will get one on one interaction from bank officials via live video streaming through the introduction of a Video Teller Machine (VTM). The Video Teller Machine will allow the customers to check their account balance, change details, perform other card services, replace debit cards, replace internet banking token, request for statements and more. POSB VTM is still in its pilot stage and the first VTM is situated at POSB’s ITE College Central Branch. The machine can be accessed by customers from Monday to Friday between 10 a.m. to 2 p.m. and from 10 a.m. to 1 p.m. on Saturdays.

      19th August 2015

    • POSB Credit Card Dining Promotion

      Runtime: This is an ongoing promotion that started on May 1, 2016 and is valid until October 31, 2016.

      Particulars: Receive rebates of up to 9% on dining at your favorite fast food establishments, food courts and restaurants across Singapore on your POSB Everyday Card:

        • 9% rebate on weekend dining.

        • 3% rebate on weekday dining.

        • Additional discount of up to 15% on your total bill.

      Terms and Conditions:

        • Eligible card members must spend at least S$700 each calendar month to qualify for this promotion.

        • The cash rebates earned will be credited to the account of the principal cardmember within 60 days after the Qualifying Spend month.

        • For further details on this promotion or for more information on the terms and conditions, please feel free to contact the bank.

    • Promotions offered by POSB with credit cards

      Runtime: This is an ongoing offer. This will continue till 31st March 2016

      Particulars: The cards that are included under this promotion are DBS Black American Express Card, DBS Black Visa Card, DBS Live Fresh Visa Card, DBS Woman’s MasterCard, DBS Woman’s World MasterCard, and POSB Everyday MasterCard.

      An individual who intends to enjoy the benefits of this promotion mustn’t have cancelled a POSB credit card or a DBS credit card in the last 12 months. An individual cannot apply for a credit card after the promotion period has already started. All the members who qualify for this promotion will also be getting SGD 50 as cashback. Each member can only avail one gift and one bonus gift. This is based on the qualifying spend. The qualifying spend depends on foreign retail sales, local sales, posted zero percent interest free instalment scheme, posted recurring bill payments. However, the exclusions are SAM online bills, AXS payments, balance transfer, cash withdrawal, finance charges, interest, payments of bills visa internet banking, etc. The gift cannot be transferred, exchanged or replaced under any circumstance. The final decision about everything related to the promotion will be taken by DBS.

      Terms and Conditions: To know more about the terms and conditions of this promotional offer, please, get in touch with DBS Bank.

    • POSB Everyday Credit Card Promotion

      Runtime: This is an ongoing promotion. This offer will continue till 29th February, 2016

      Particulars: The principal card members can enjoy cash rebate of 4 percent on all the overseas spends that are a minimum of SGD 1000. At London Tube, you can avail 100 percent rebate or free train rides.

      The calculation of the qualifying spend is based on foreign retail sales, local retail sales recurring bill payments, etc. The exclusions are cash withdrawal, finance charges, balance transfer, smart cash, etc.

      Terms and Conditions: Please, get in touch with the bank to know more about the terms and conditions of the POSB Everyday Credit Card Promotion.

    • POSB Pop - Up ATMs Launched in Singapore that will Accept Cash Deposits

      POSB and DBS customers who now wish to deposit money from their Chinese New Year red packets can now do so directly at the 5 POSB Pop - ATMs that have been strategically located at 5 different community clubs across Singapore until February 22, 2016. The selected community clubs are at Teck Ghee, Chong Pang, Yew Tee, Toa Payoh West and Henderson. The POSB Pop - ATMs at Teck Ghee, Chong Pang and Toa Payoh West will be operational between 9 AM and 10 PM while the POSB Pop - Up ATMs at Yew Tee and Henderson will operational throughout the day, 24/7.

      These POSB Pop - Up ATM machines will only accept denominations of SGD 2, SGD 5, SGD 10, SGD 50, SGD 100 and SGD 1,000. DBS, in its press release shared that the purchase of this launch was to ensure convenient cash deposits for its customers for the first few days of the Lunar New Year.

      Apart from these aforementioned converted ATMs, DBS and POSB customers can also make cash deposits at over 270 CAMs (Cash Acceptance Machines) and Singpost branches on the island.

      The managing director and head of the Singapore consumer banking group, Mr Jeremy Soo has announced that after the rush for the new notes have passed, it will present an opportunity to convert some of these POSB Pop - Up ATMs into Pop - Up CAMs.

      POSB has also introduced Pop - Up ATMs on January 20, 2016 at 12 community clubs in Singapore at the following locations - Bedok, Clementi. Chong Pang, Ci Yuan, Tampines Changkat, Jurong Spring, Teck Ghee, Henderson, Marine Parade, Woodlands, Yew Tee and Toa Payoh West.

      19th February 2016

    • Chinese New Year brings back POSB pop up ATMs

      During the period of the Chinese New Year, there are very long queues in front of the banks. This happens as people are in a rush to withdraw the new notes. This year pop up ATMs of POSB Bank will be there all over Singapore so that it is more convenient for the people to get new notes.

      In 2015, there were twenty nine pop up ATMs at ten community clubs. After the overwhelming response and demand for the pop up ATMs, this year, there will be thirty six ATMs at twelve community clubs. The community clubs include Chong Pang, Bedok, Clementi, Ci Yuan, Jurong Spring, Henderson, Tampines Changkat, Marine Parade, Teck Ghee, Yew Tee CC, Woodlands and Toa Payoh West.

      The ATMs at Teck Ghee, Toa Payoh and Chong Pang will be open at 9 am and close at 10 pm on a daily basis. ATMs at all other locations will remain open and fully functional 24X7.

      20th January 2016

    • POSB Everyday Credit Card Promotion 2016

      Runtime – The following promotions are that started on December 1, 2015 and is valid until February 29, 2016.

      Particulars –

      Double Cash Rebates Promotion

        •Earn double cash rebates on your overseas spend up to SGD 20 when you charge your POSB Everyday Credit Card for a minimum amount of SGD 1000 on your retail purchases (this includes local as well as overseas transactions) every month.

        •Note, the overseas purchases does not include those made is Singapore Dollars for card – not – present transactions (this includes online transactions, phone / mail order made in foreign currencies).

      Free Travel in London

        •Receive up to SGD 50 cash rebate for traveling on the London tube every month on your POSB Everyday Credit Card. You don’t have the need to register your card or even top up your card. Simply Tap & Go.

        •You will enjoy free train rides or 100% rebates on contactless transactions on the tube in London.

      Therefore, when you are traveling overseas, pack your POSB Everyday Credit Card and activate your overseas magstripe

      Terms and Conditions

        •For all transactions that qualify for the promotion, the 0.3% rebate will be credited upfront and the –

        •3.7% additional rebate for your overseas transactions and

        •99.7% additional rebate for your free train rides on the tube in London

      Will be credited by March 31, 2016.

        •For further information on the promotions or more details on the Terms and Conditions, please contact POSB bank.

    • 86 Talking ATMs Launched By POSB

      POSB has launched 86 ‘Talking ATMs’ for helping the visually impaired people in Singapore in performing basic banking transactions at an ATM. POSB worked in partnership with the Singapore Association of the Visually Handicapped (SAVH) and upgraded these ATMs for providing functions like audio guidance and Braille instructions. In order to activate audio instructions, the users will need to just plug-in their headset into the audio jack of the ATM and then they can listen to the instructions. These audio instructions will help them to perform transactions such as cash withdrawals or balance inquiries.

      12th January 2016

    • POSB Cash Point Promotions

      Runtime - This is an ongoing offer

      Particulars - You can withdraw cash amount of up to SGD 5000 at any of the participating merchant outlets across the island.

      All you need to do is make a purchase from Cold Storage / Giant / Jasons / Market Place / 7 Eleven / Guardian Health and Beauty / SingPost / Sheng Siong, using your POSB credit card. The card must be linked to a deposit account. Then you must indicate the particular amount that you wish to withdraw. Enter your pin and avail the cash along with a receipt.

      Terms and Conditions - Please, contact the bank to know more about the terms and conditions of this particular offer.

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