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POSB Everyday Card
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Quick facts
POSB Everyday Card
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POSB Everyday Card
Entry card for first-time cardholders in Singapore.
Key Benefits
Realistic net value (moderate user)
$42/year
Annual fee
Free
Issuer headline rate: 0.3% cashback — see calculator for caps
After $0 fee & $34 forex. Based on $2,400/mo spend.
12,400 users matched · Verified 2026-06-12
Zero sales calls. Ever.
On the bank's site: You'll apply on the bank's website. They may ask for contact details and follow up on your application.
We earn commission if approved — at no cost to you.
Our transparency commitment
✓ Reward caps shown in absolute S$ — not just "5% cashback"
✓ Exclusions listed upfront — fuel, EMI, rent, wallet
✓ Point conversions with conservative S$/point rates
Rates, fees, and eligibility notes are sourced from public issuer information and may contain errors. Always verify on the bank's website before applying.
All Benefits
Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.
- All spends: 0.3% cashback
- No annual fee
- Everyday cashback
- Easy approval
- Best for: First-time cardholders
Source: Issuer public T&Cs (Singapore, verified Jun 2026)
Low income threshold, easy approval
Reward Structure
Source: Issuer public T&Cs (Singapore, verified Jun 2026)
All spends
0.3% cashback
Example: $10,000/mo spend → ≈ $30/mo
Excluded categories (no rewards)
What You Actually Earn (in S$)
Absolute SGD estimates based on your spends. Caps and exclusions applied — no marketing fluff.
Gross rewards / year
$76
Before fees & forex
Costs / year
$34
Fee $0 + forex $34
Net value / year
$42
0.15% effective return on spend
Category-wise breakdown
All other eligible spends
Spend $2,100/mo · 0.3% cashback
$75.60/year
$6.30/mo
$2,100 × 0.3% = $6.30/moEstimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.
Formulas and assumptions: How we calculate NAV
Best for
- →First-time cardholders
Still deciding? Compare side-by-side or get a personalized shortlist.
Fees & Charges — Full Disclosure
All amounts in SGD. Everything that can reduce your net value.
Joining fee
Lifetime free card
$0
Annual / renewal fee
No renewal fee ever
$0
Forex markup
2.8% on international transactions
Finance charges
≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid
Late payment fee
Typically S$50–S$100 depending on balance — always pay on time
Reward redemption fee
Usually S$0 for cashback cards; points cards may have S$2+ redemption fee
Example: moderate user net math
Formulas and assumptions: How we calculate NAV
Eligibility Snapshot
Public criteria from Issuer public T&Cs (Singapore, verified Jun 2026). Bank makes final decision.
Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.
FAQ
How much can I actually earn with POSB Everyday Card?+
At moderate spend ($2,400/mo), gross rewards are about $76/year. After the $0 annual fee, net value is approximately $42/year. Use the calculator above to model your own spends.
What is the minimum income for POSB Everyday Card?+
$30,000/month for salaried applicants (indicative — bank decides).
What spends do NOT earn rewards?+
Insurance, Government payments, Balance transfers.
Does CardHungry pull my CBS score?+
No. We use public eligibility criteria only. The bank will check CBS when you apply.
Approval estimate based on public eligibility criteria. Indicative only. Not a guarantee of approval.