POSB Everyday Card Review (2026)

POSB Everyday advertises up to 10% cash rebates on dining, Malaysian ringgit spend, and SimplyGo. But whenever a card promises a double-digit earn rate, the words “up to” can be doing a lot of heavy lifting.

So how rewarding is POSB Everyday in practice, and does it really live up to its name as a good cashback card for everyday spend?

Summary of Earn Rates

The current version of POSB Everyday has quite a bit of different categories with varying cashback rates and even different minimum spend requirements. Here’s an overview of the different spend categories the card has:

Category / Merchant	Total Cashback	Min Spend	Cashback Cap	Remarks
Sheng Siong	5%	None	S$20 per month
SPC	6%	None	No cap
Pet Lovers Centre	3%	S$15 per transaction	No cap	Regular-priced items only, exclusions apply
Popular	5%	S$800 per month	S$20 per month
Online shopping	5%	S$800 per month	S$20 per month	Amazon.sg, Lazada, Shopee, RedMart, Taobao, TikTok Shop
Offline dining	5%	S$800 per month	S$20 per month	5811 5812 5813 (No 5814)
Online food delivery	10%	S$800 per month	S$20 per month	foodpanda and GrabFood only
Non-dining in-store MYR spend	10%	S$800 per month	S$20 per month (across MYR spend)	Must be in-store and charged in MYR
Offline dining in MYR	5% + 5%	S$800 per month	S$20 per month (across MYR spend)	Dining in MYR gets 5% cashback + also counts for offline dining category
SimplyGo	10%	S$800 per month	S$20 per month	Excludes top-ups
All other eligible spend	0.3%	None	No cap	Subject to exclusions

3% to 6% cashback on Sheng Siong, SPC, and Pet Lovers Centre with no monthly min spend

POSB Everyday offers 3% to 6% cashback on 3 merchants with no monthly minimum spend required. That’s:

• 5% for Sheng Siong
• 6% for SPC
• 3% for Pet Lovers Centre (with S$15 minimum per transaction)

Having no monthly minimum spend makes the card very fuss-free to use for something like Sheng Siong, and 5% cashback for groceries spend (limited to Sheng Siong) is really good considering no minimum spend is required. Citi SMRT offers 5% cashback on grocery spend, but requires S$500 monthly spend, while other cards that offer 6% cashback like Citi Cash Back and Maybank Family & Friends require a much higher S$800 per month spend.

I don’t drive, so I can’t really speak to how good a no-minimum-spend earn rate of 6% cashback is on SPC transactions, but it’s worth noting that the card’s 6% cashback is given on top of a 5% discount that applies to any DBS or POSB card, and an additional 10% discount with an SPC&U Card (non-members get 5% discount instead). The 6% cashback will be on the amount after the 15% discount is applied, which is why the bank advertises 20.1% savings for fuel when you use the card with SPC.

What I can say is that 3% cashback on Pet Lovers Centre (PLC_ is pretty weak. There is also added friction here because there is a minimum S$15 per transaction spend requirement, and things like grooming, home delivery, sale of animals and gift vouchers are excluded. Worse, the cashback does not apply when a PLC VIP Member discount is applied, making this cashback non-existent for people who do shop regularly at PLC and hence are members. It is pretty easy to get 4 miles per dollar with no minimum spend, so I don’t find this category compelling even for pet owners.

5% cashback on Popular and online shopping (with S$800 min monthly spend)

When a minimum monthly spend of S$800 is reached within a calendar month, the card offers 5% cashback on:

• Popular
• Online shopping (Amazon.sg, Lazada, Shopee, RedMart, Taobao and TikTok Shop)

Online shopping includes the usual platforms one might expect, making this a pretty useful category. Many things can be bought from online shopping platforms like Shopee these days, and the inclusion of multiple platforms means you can choose your favourite and/or buy from the one that offers you the best prices.

5% cashback tends to be the rate I feel is passable, or at least good enough to consider over 4 miles per dollar, but the cashback for these categories are capped at S$20 each. That’s S$400 of spend, which is just half of the S$800 minimum monthly spend. Heavy online shoppers can’t just use this card solely for online shopping, and such folks likely pick the DBS Live Fresh instead which can give a higher 6% cashback on shopping transactions with the same S$800 minimum spend requirement.

Up to 10% cashback on dining and online food delivery (with S$800 min monthly spend)

Once the minimum monthly spend is reached, the card also offers up to 10% cashback on dining-related transactions.

This is broken into two categories with a shared S$20 cashback cap:

• 10% on online food delivery via foodpanda and GrabFood
• 5% for offline dining (MCC 5811, 5812, and 5813)

The same weakness that applies to the shopping category is also found here: users have to be mindful of the category cap, and S$20 cashback cap for 10% cashback is just S$200 of spend. Users will need to make sure their spend is spread across other categories of the card in order to get an overall good cashback yield.

Another thing to note would be that offline dining does not include 5814. This is certainly not the only card that does this, but it is no less annoying because many eateries and even restaurants code as 5814. There is a good chance of missing out on cashback unless you are diligent with checking your card

Up to 10% cashback on Malaysian ringgit spend (with S$800 min monthly spend)

Another category that gets 10% cashback would be MYR spend, and the card makes the distinction between dining and non-dining transactions, both with a shared S$20 cashback cap:

• 10% on non-dining in-store spend in MYR
• 5% for offline dining spend in MYR

The distinction is made because dining spend made in MYR will also qualify for the card’s dining category, making a total of 10% cashback possible.

10% cashback on SimplyGo (with S$800 min monthly spend)

Lastly, SimplyGo transactions also get 10% cashback once the card’s minimum monthly spend is reached. This excludes top-ups, so it‘s only for your train and bus fares charged directly to your POSB Everyday.

The cashback cap for this is capped at S$20, which is good for S$200 spend. Unlike other categories, it is unlikely most people would exceed this particular spend amount.

Optimal scenario

One of the most optimal ways to use this card would be to max out the spend in each of the 10% categories (aside from SimplyGo which is placed at S$100 to be more realistic):

Category	Spend Amount	Cashback
Online food delivery	S$200	S$20
In-store MYR spend	S$200	S$20
SimplyGo	S$100	S$10
Another 5% category (e.g. Sheng Siong, online shopping)	S$300	$15
	Total: S$800	Total: S$65 (8.13%)

In such a situation, the card gives a very good earn rate of 8.13%, but we have to bear in mind that this is quite a specific spend habit, and each category’s spend has to be carefully monitored in order to extract maximum value.

There’s a good chance that one’s effective cashback yield from POSB Everyday would be significantly lower than this 8.13% figure, depending on your actual spend.

Effective cashback calculator

This is why a calculator is useful, and you can use the following tool to calculate your effective cashback:

POSB Everyday can be a very rewarding cashback card for some, but the headline “up to 10%” rate does not tell the full story. The strongest rates are concentrated in fairly specific categories, while S$20 cashback caps mean you can exhaust them after as little as S$200 of spend.

The card works best for someone whose monthly expenses naturally span several of its bonus categories like food delivery, Malaysian ringgit transactions, and SimplyGo, with a mix of Sheng Siong or online shopping. This spending pattern can produce a very strong effective cashback rate.

That said, users who fall outside of such spending would probably find the card much less rewarding. Once the category caps are reached, the effective cashback rate drops quickly, and extracting maximum value requires more monitoring than the “Everyday” name might suggest.

Nonetheless, with some genuinely useful perks like 5% cashback at Sheng Siong and 6% for SPC transactions (plus other discounts), the card could still find decent use even for those who do not plan to use this as a primary card.

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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

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