DBS Bank POSB Everyday Card review

No. The listed annual fee is SGD 0, and the card is listed as a credit card, so keeping it open costs nothing in yearly charges. Singapore households that spend locally are the group this card is built for, with rewards rather than fees as the reason to hold it.

Spend earns Up to 9% cash rebates or 5 miles per S$1 (18X yuu Points), and the rewards type is cashback. Points can be turned into instant cash rebates or airline miles, while the perk list adds member rates at Community Club courses and facilities plus an eCapita voucher option.

Currency conversion carries an FX band of 1% to 3.25%, which is the main cost of using the card outside Singapore. On a trip that adds up quickly, so readers who live abroad or travel often should weigh that band before applying. Local spending is the case the card is built for.

The card is issued by DBS Bank Ltd, based in Singapore. The Monetary Authority of Singapore is the regulator listed for this brand. So perks, payments and support are all shaped for a single domestic market rather than for many markets.

Support runs on phone and help centre, so you get a phone line and an online help centre rather than live chat. For card questions in Singapore that covers the basics, though anyone who prefers messaging support should look elsewhere before applying.

Yes, within Singapore. The card handles PayNow, SimplyGo bus and train payments, Mastercard contactless tap and go for smaller purchases, and NETS acceptance, all on the same card: Free PAssion membership worth S$12 (5 year membership fee waived perpetually), yuu Points redeemable for instant cash rebates or 5 airline miles per S$1 and PAssion member rates at Community Club courses, facilities and PA outlets. That makes it a combined everyday wallet rather than a purchase-only card.

The perk list adds PAssion membership with the fee waived, member rates at Community Club courses and facilities, complimentary library partner membership, an eCapita voucher option and contactless payments: Free PAssion membership worth S$12 (5 year membership fee waived perpetually), yuu Points redeemable for instant cash rebates or 5 airline miles per S$1 and PAssion member rates at Community Club courses, facilities and PA outlets. Most of these only pay off if you already use those services in Singapore.

The SGD 0 annual fee here matches bunq at €0, Wise at £0 and Varo Believe Secured Credit Card at $0. On fees alone the card is not unusual, so the decision comes down to rewards and local perks.