Love Amex. Period.
Glad to make it my first credit card as the application was absolutely seamless and the customer service was top notch. I felt taken care of and I knew i could rely on CS for any issue
Hands down my favourite Cashback card. Simple tracking of cashback rewards, good App and web UI/UX and awesome customer service too.
But the relatively lower number of AMEX accepting merchants is a con though.
American Express True Cashback Card
Attractive welcome bonus of 3% cashback on up to $5,000 spend in the first 6 months. Good card for cashback on all purchases and no minimum spending and categories required with no cap on cashback.
1) 3% unlimited cashback for 1st 6 mths up to $5k spend
2) Very helpful and friendly customer service.
3) Periodic offers such as $1 cashback up to 10 times contactless payments, $10 off Telco Bills, etc
1) not widely accepted by merchants
2) not accepted by Shopback Go (yet)
3) Can't top up YouTrip
Its really good for the first six months only. However, the only flip side is that AMEX is not really accepted widely by most merchants. Unless you're dining at hotels and restaurants. Beyond the first 6 months, you could consider changing card
on 28 May 2018
Thanks Jeffrey for your review. This really made me intrigued and will look at the Amex Cashback card
I use this card only for the 3% Cashback for the first $5,000 spend. Otherwise, the 1.5% unlimited Cashback does not differ from the SCB Unlimited Cashback card. Makes no sense for me to hold 2 AMEX cards
Fees and Charges for American Express (AMEX) True Cashback Card
Annual Principle Fee: $171.20
Annual Supplementary Card fee: First 2 Supplementary Cards fee permanently waived. S$85.60 (inclusive of GST) for each subsequent Supplementary Card.
Fee waiver: First year annual fee waiver
Interest Free Period: 22 days
Annual Interest Rate: At the prevailing effective interest rate of 25.90% p.a. subject to compounding; or 29.99% p.a. subject to compounding in the event that your account has three or more defaults~ and/or one default~ which remains unpaid for two or more consecutive months in the last 12 months.
Minimum monthly payment: The minimum payment amount due on a statement of account is 3% of the outstanding balance plus the total sum of any overdue minimum payment and late payment charges, and any amount exceeding your credit limit, or S$50. Whichever is greater.
Late payment charge: S$90 if the Minimum Payment specified in the Statement is not received by us by the Payment Date.
Cash advance fee: The fee for a cash advance is $5or 3% of the transaction, whichever is greater
Eligibility for AMEX True Cashback Card
21 years old and above
Income of S$30,000 and above per annum for Singaporeans and PR Income of S$60,000 and above per annum for foreigner
Key features of AMEX True Cashback Card
Receive 1.5% Cashback on any all spending.
Receive 3% cashback on up to $5,000 of purchases you make during the first 6 months.
Annual fee waived for the first year.
Exclusive Dining privileges all around the world, all year round with American Express Selects®
Terms and conditions of AMEX True Cashback Card
As a welcome bonus, you will earn Cashback at the rate of 3% on up to a total of S$5,000 of purchases of goods and services made on your account (which shall include both spending by you and your Supplementary Card Members) in the first 6 months of your American Express True Cashback Card Membership, subject to the other Cashback Terms and Conditions and any promotional offer we make. When the Cashback rate of 3% applies to a purchase of goods or services during the welcome bonus period, the Cashback rate of 1.5% will not be applied in addition to the Cashback rate of 3% to the same purchase. Purchases of goods and services in excess of S$5,000 during the welcome bonus period will earn Cashback at the standard rate of 1.5%, subject to the other Cashback Terms and Conditions and any other promotional offer we make.