The POSB Everyday Card is the bank's everything-card: it earns cash rebates on dining, transport, groceries, fuel, online shopping and Malaysia spend, all on a card most Singaporeans can qualify for with a S$30,000 income. The headline numbers look generous (up to 10% on SimplyGo rides and Malaysian Ringgit spend), but the real return depends on two things the marketing buries: a S$800 minimum monthly spend to reach the top rates, and a Daily$20 monthly cap on most bonus categories. This 2026 guide runs the actual maths so you can see what you would pocket, not what the banner promises.
POSB pays rebates in "Daily
quot;, redeemable at 1 Daily$ = S$1 with partners like Sheng Siong, SPC, Pet Lovers Centre and Shopee. The rates split into two tiers: a few capped "everyday" categories with no spend hurdle, and the higher-rate categories that only kick in once your statement spend crosses S$800 in a calendar month.Below are the rates as published on the official POSB Everyday Card page as of June 2026. The percentages are real, but read the cap column first because that is where the earnings ceiling lives.
| Category | Rebate | Monthly cap | S$800 min spend? |
|---|---|---|---|
| SimplyGo bus and train rides | 10% | Counts to overall | Yes |
| In-store Malaysia (MYR) spend | up to 10% | Daily$20 | Yes |
| Online food delivery | up to 10% | Counts to overall | Yes |
| Dining out | 5% | Counts to overall | Yes |
| Online shopping (Lazada, Shopee, Amazon) | 5% | Counts to overall | Yes |
| SPC fuel | 6% | No cap | No |
| Sheng Siong groceries | 5% | Daily$20 | No |
| Pet Lovers Centre | 3% | No cap | No |
| All other spend | 0.3% | No cap | No |
A 10% rebate sounds like a free 10% off your life. It is not. Most of the bonus categories are capped at Daily$20 per calendar month, which means once you have earned S$20 back in that category, the rate effectively drops to the base 0.3% for the rest of the month.
Take the Malaysia spend example. At a 10% rate, a Daily$20 cap is hit after just S$200 of MYR purchases in a month. Spend S$800 across the JB weekend and only the first S$200 earns 10%; the remaining S$600 earns the 0.3% base. Your blended rate on that S$800 collapses to roughly 2.7%, not 10%. The same arithmetic applies to Sheng Siong: S$20 back at 5% means the bonus stops at S$400 of groceries.
If you want to sanity-check what any rebate is genuinely worth against the effort, our personal budget calculator lets you slot real monthly category spend in and see the cash-back line for what it is.
The POSB Everyday Card carries a S$196.20 annual fee (S$98.10 for a supplementary card), with the first year waived. After year one you have to actively request a waiver through the DBS digibot each year; it is not automatic. Banks usually grant it if you have spent or are an active customer, but do not assume it.
Foreign currency transactions cost 3.25% on the converted Singapore-dollar amount, covering both the bank's admin charge and the card network's fee. That is standard for a cashback card but matters if you spend heavily overseas outside Malaysia. For context on how foreign fees stack up against the rebate you earn, weigh this card against a dedicated travel option in our best miles cards guide.
Other charges to know: cash advance fee 8% (minimum S$15), retail interest 27.8% per year, cash advance interest 28.5% per year, and a S$100 late payment charge. The rebates are only worth chasing if you clear the statement in full every month.
| Fee | Amount |
|---|---|
| Annual fee (principal) | S$196.20 (first year waived) |
| Annual fee (supplementary) | S$98.10 |
| Foreign currency transaction | 3.25% |
| Retail interest | 27.8% p.a. |
| Cash advance fee | 8% (min S$15) |
| Late payment | S$100 |
Eligibility is on the easier end, which is the card's strongest selling point. You need to be at least 21, and earn S$30,000 a year if you are a Singaporean or PR, or S$45,000 if you are a foreigner. That S$30,000 bar is the floor for most cashback cards in Singapore, so fresh graduates and lower-income earners who get rejected elsewhere often clear this one.
Application is fully digital through the POSB or DBS site with Singpass MyInfo, so income documents are pulled automatically for most salaried applicants. If you are new to credit and want the groundwork first, our guide to applying for a credit card walks through the documents and approval timeline.
As of June 2026, POSB's own welcome offer lets new-to-card applicants choose between a Samsonite 28-inch luggage (stated value S$740) or S$288 cashback, after a minimum qualifying spend of S$800 within 60 days of card approval. You must apply by 30 June 2026, keep a valid PayLah! account, and not currently hold or have cancelled a principal DBS/POSB credit card in the last 12 months.
Comparison sites often list larger figures (cash payouts north of S$400, Grab vouchers, or miles) because those bundle a separate aggregator bonus on top of the bank's gift. Those stack, but they come with their own claim windows and conditions, so read each platform's fine print rather than the headline. Always verify the promo on the POSB page before applying, since these flash deals rotate every few weeks.
It is a sensible first or backup card for someone with a spread-out spending pattern and no single dominant category. The genuinely uncapped 6% at SPC and the easy S$30,000 income bar are the standout reasons to hold it. The dining, transport and online food-delivery rebates are useful so long as you remember the S$800 monthly hurdle that gates them.
Where it falls short is concentration. If most of your spend is online or groceries, a flat-rate card that pays 1.5%-3% on everything with no caps and no spend minimum can beat the Everyday Card's blended return once the Daily$20 ceilings bite. Run your own numbers against the alternatives in our cashback credit cards comparison before deciding, and pair the right card with a budget you actually follow.
It pays up to 10% on SimplyGo rides, online food delivery and in-store Malaysia spend, 6% on SPC fuel, 5% on dining, Sheng Siong and online shopping, and 0.3% on everything else. Most bonus categories are capped at Daily$20 a month and the higher rates need S$800 minimum monthly spend.
You need a minimum annual income of S$30,000 if you are a Singaporean or permanent resident, or S$45,000 if you are a foreigner, and you must be at least 21 years old. This is one of the lower income bars among Singapore cashback cards.
Yes, the annual fee is S$196.20 for the principal card and S$98.10 for each supplementary card, with the first year waived. From the second year you must request the waiver yourself through the DBS digibot, as it is not granted automatically.
Daily$ is the rebate currency POSB credits you, redeemable at a rate of Daily$1 to S$1 with partners such as Sheng Siong, SPC, Pet Lovers Centre and Shopee. POSB states the cash rebates earned in Daily$ never expire, so there is no rush to redeem them.
This is general financial information for Singapore, not personal financial advice. Figures change — verify current rates against the official sources above before acting. See our full disclaimer.