Hello everyone, how much percentage of cash rebates can I earn on daily essentials with the new POSB Everyday Card?

This card is perfect for my everyday use, starting from the 15% cash rebates on dining, bus and MRT rides, the 5% cash rebates when I decide to shop at Sheng Siong and 3% cash rebates at Watsons. It is a good card to have overall and actually one of the best cashback credit cards for cash rebates at Sheng Siong, Watsons and SPC petrol kiosks.

The POSB Everyday Card is a great option for moms and families who spend across a variety of categories. While rates may differ with different promotional offerings, cardholders are frequently rewarded with high rates for spend in essential categories. For example, consumers typically earn rebates of up to 15% on dining, groceries, transport, personal care and utilities, plus up to 20% in fuel savings. Even with its annual fee of S$192.6 waived the first year, average spenders can quickly recoup the cost while earning additional rewards for daily spend.

POSB Everyday Card offers families and average spenders a convenient way to earn cashback for diversified spend. Consumers earn rebates on dining, groceries, petrol, health and wellness, transport, and even recurring bills which are often excluded from cashback rates. Although some rates apply only to specific merchants, they are mostly big brands offering up to 20.1% petrol savings with SPC, 15% rebate with Parking.sg, 5% with Gojek, Ryde, & Comfort del Gro, 5% at Sheng Siong, and 3% on wellness products at Watsons. Consumers also earn 1% cash rebate on recurring bills with select merchants, but earnings are capped at just S$1 per month, which is quite low.

POSB Everyday Card does offer promotional rebates that are not merchant specific were cardholders earn up to 15% cashback on online food delivery and public transport bus and MRT rides, as well as 5% at restaurants, cafes, and other dining outlets. One drawback is that these promotional rates are contingent on reaching a Personalised Spend Goal, which DBS assigns on a person-to-person basis according to average spending patterns. If a cardholder fails to meet this minimum, they will only be rewarded with a base rebate of 0.3%.

While POSB Everyday Card is very versatile, category rewards rates may still be lower than some competitors. For instance some offer 10% cashback on dining, transport, medical spend and more, and OCBC 365 Card offers 3% cashback on recurring telco and electricity bills. Nonetheless, POSB Everyday Card often offers promotional rates in key categories like dining and transport that boost the card's value significantly. Overall, POSB Everyday Card proves an exceptional fit for those with a high volume of spend on daily essentials. While the annual fee of S$192.6 is waived for only the first year, the broad range of cashback opportunities allow average consumers to quickly recoup this cost while continuing to earn rewards.

The POSB Everyday Card probably owes its reputation to its key bonus rebates for Sheng Siong and Watsons, where you can earn 5% and 3% cashback respectively. For the former, cashback is capped at $50, which means you can spend up to $1,000 per month. In my opinion the best cashback for the POSB Everyday Card is for petrol at SPC 6% bonus cashback and a direct 15% discount when you use it with an SPC&U card.

I love that I can enjoy Interest rates starting from 5.80% p.a. (EIR 11.38% p.a.) on their 12-month instalment plan which allows for fixed monthly repayments.The monthly repayment for your Cash-on-Instalments is fixed, allowing you to manage your finances with ease of mind. That works perfect for me as it helps me to be more organized and I give them thumbs up.

If you target to spend on major event tickets and high price items with the plan to split by instalment then this card is for you. However I notice that if you have an existing OCBC saving account, it makes bill payments much more seamless. And aside from being able to split payment into monthly instalments interest free, you can earn up to 1% rebate on your purchase. Only few cards in the market that allow auto convert spending into interest free instalment and still be entitled to 0.5% or 1% cash rebate.

This is my first credit card and I was pleased with the process as the application was absolutely stress free and smooth with customer care service at top notch. I actually felt taken care of and it appeared I could rely on customer care service for virtually any issue. Plus they have a simple tracking system of cashback rewards, with a good App and web UI/UX.

I am a fresh graduate and just started my first job, I signed up for this card due to the onetime $150 cash back reward for $800 spend within the first two months. However for its main monthly rewards, it is nothing to be pleasant about and the hotline is very bad, I even had to hold more than 20 minutes during non-peak hour.

The welcome bonus with this card is quite mouth-watering. Simply spend S$1,500 in the first 3 months to receive 24,000 Membership Rewards points. That you will find to be enough points to redeem for S$110 cash credit. Plus you can see the points add up with 100% bonus points on all spend in your first 3 months of Card Membership. I have been using this card now for 6 months and am yet to find reasons to complain.

So it is really convenient that I can get and use my card instantly when I apply via MyInfo. And the cards instant digital card that can be used for mobile wallets, online and mobile app purchases. Now aside from the same day physical credit card issuance for online applications you also get S$50 cash rebate upon approval with no minimum spend required. However that is only for new OCBC Credit Card applications.