AMEX True Cashback Card
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Summary
American Express True Cashback Card
The American Express True Cashback Card offers unlimited cash back with very little restrictions. Cash back can be earned from a wide variety of categories with no minimum spend high spenders especially can and should take advantage of the welcome bonus cash back rate of 3.0%.
Why you should apply for American Express True Cashback Card?
- Unlimited Cashback: American Express True Cashback Card owners enjoy 1.5% Cashback on all eligible purchases with no cap and no minimum spend
- New sign-ups can enjoy double the cashback at 3%, for their first 6 months. Limited to S$5,000
- Enjoy Cashback across a wide category of purchases
- Free travel insurance benefits of up to S$350,000 when you purchase your air ticket with American Express True Cashback Card
- Earn an additional 1% cashback on Foreign Currency Purchases
- Receive the cashback immediately in the same month's statement
Can you enjoy annual fee waiver for American Express True Cashback Card?
- Yes, the annual fee for the American Express True Cashback Card of $171.20 (inclusive of GST) is waived for the first year
Who should apply for the American Express True Cashback Cards?
- Big spenders that will usually hit the ceiling on most cash back credit card limits.
- Fuss-free credit card users due to its Straight-forward, and simple cashback mechanics that does not require you to track any categories or remaining available cashback
- Travellers who indulge indulge in overseas spending
What is the minimum income requirement for the American Express True Cashback Card?
- Singapore/PR: Minimum Income of S$30,000
- Non-Singaporean Minimum Income of S$60,000
Find out about the card's host of benefits, charges, promotions and eligibility criteria below.
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American Express True Cashback Card
1.5% on all spend
CASHBACK
Unlimited
CASHBACK CAP
American Express True Cashback Card
1.5% on all spend
CASHBACK
Unlimited
CASHBACK CAP
4.3
68 Reviews
Service Rating
Speed of Approval
Ease of Fee Waiver
Customer Support
- Posted 12d ago
Purchased
American Express True Cashback Card
Great card to use together with grabpay card as it gives you a top up of 1.5% when you top up your grab pay wallet. Have been using it to pay for insurance by using it to top up my grab pay wallet and using grab pay card to pay for it. Great card for these kind of payments as most credit cards don't allow cashback for insurance payments.0
What are your thoughts? - [Fee Waivers] No annual fees, so there is no need to apply for a fee waiver! [Promotions and Perks] Signed up about 3 months ago because of the 3% unlimited cashback for first $5000 spend benefit. Have found it especially useful for paying for things that are usually exempted from other cashback schemes, e.g. medical fees. No minimum spend per month which makes it easy to use as well. A must-have card to get cashback on basically all expenses. [Card Hacks] Sign up for the AMEX True Cashback Card before switching to the UOB AMEX card - this card gives 3% unlimited cashback for first $5000 as a sign-up bonus, which UOB doesn't have.
0
What are your thoughts? - Posted 10 Oct 2022
Purchased
American Express True Cashback Card
[Fuss-Free Cashback] No nonsense 1.5% cashback on all eligible purchases with no minimum spending and no earn cap. Love that it's immediate cashback in the same month's statement. [Card Hacks] One of maybe three credit cards that still give you cashback for topping up your GrabPay balance. [Customer Service] Hands down, the best customer service one can get among credit card companies. Always got my issues resolved within minutes with their live chat function on their mobile app. Fee waivers are always fuss-free. [Others] It's a credit card I renew on a yearly basis. When I needed my spending limit temporarily increased to pay for a family member's hospital bill, AMEX was the first to respond within minutes — the other banks I have credit cards with all took days to get back to me.0
What are your thoughts? - Posted 22 Aug 2022
Purchased
American Express True Cashback Card
My first credit card out of university. Excellent for young adults to use as they provide cashback for topping up to grab. There's no minimum spending so the cashback is really based on how much you spend every month. Customer service is very responsive as well.0
What are your thoughts? - Posted 11 Jul 2022
Purchased
American Express True Cashback Card
Decent card, and although I'm still holding it, this didn't really make the cut for me. If you are a Singaporean male, having served National Service, and likely to spend between S$500 to S$1,666.67 per month, you are really better off with the SAFRA DBS Credit Card. It provides 3% cashback, capped at S$50 (which is better than what SCB's card does). If you have large spending or spending that do not qualify with the SAFRA DBS Credit Card, you might as well get the UOB AMEX Absolute Cashback Card, which offers 1.7% cashback, instead of the AMEX True Cashback that offers 1.5% only. Only difference is that this card provides the cashback in the current statement while UOB AMEX provides the cashback in your NEXT statement.0
What are your thoughts? - Posted 06 Apr 2022
Purchased
American Express True Cashback Card
[Card Hacks] Use it to top up your Grab! after which, use your Grab to top up your CDC Card! [Customer Service] in-App customer service is amazing. I wrote them a question, and got a response within 5mins. [Cashback Card] Get 3% Cashback on your first $5k, which is pretty awesome frankly. Subsequently u get 1.5% for every eligible spend. I Can imagine this being my go-to card in the future.1
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- Posted 01 Apr 2022
Purchased
American Express True Cashback Card
[Fee Waivers] No fuss waivers if you use this often [Customer Service] The best customer service among all the card providers - hands down. The customer service staff are all empowered sufficiently to make decisions without the need to "let me check with my manager" as with most other providers. Easy to deal with. [Cashback Card] No fuss, straightforward cash back mechanism. Have been accurate in terms of cash back to date as well. I have another cash back card from another provider with the same cash back % but somehow, the calculations are not always correct every month, albeit by a little bit - too little to do anything about it but it makes me trust Amex more0
What are your thoughts? - Good as a general (backup) spending card on almost everything that accepts AMEX. If the merchant does not accept AMEX, can be paired with GPMC to try payment via Paynow QR or Mastercard.
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- Posted 31 Jan 2022
Purchased
American Express True Cashback Card
Amex its simple, awesome and very interesting. The promotions and bonuses that they offer to us its simply fantastic.0
What are your thoughts? - Posted 10 Nov 2021
Purchased
American Express True Cashback Card
Fee waiver process was much quicker than expected! I used the in-app chat function and the customer support was able to provide assistance and address my request really promptly. Great card for general spending.0
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Key Features and Benefits of AMEX True Cashback Card
With the AMEX True Cashback, easily enjoy 1.5% cashback on all eligible purchases with no cap, and no minimum spend. For overseas transactions, earn an additional 1% cashback on Foreign Currency Purchases. You can receive the cashback immediately in the same month's billing statement. New sign-ups can enjoy double the cashback at 3%, for their first 6 months, with a limit of up to S$5,000. Travelers can also get free travel insurance benefits of up to S$350,000 when you purchase your air ticket with American Express True Cashback Card
These are some highlights of the AMEX True Cashback Card and the Cashback benefits it has to offer:
AMEX True Cashback Card Benefits | What You'll Get |
|---|---|
Cashback | 1.5% Cashbacks on all your eligible purchases |
Foreign Currency | Additional 1% Cashback on Foreign Currency purchases |
Spending Limit | No minimum spend and no complicated requirements |
Cashback Cap | No Cap on Cashback and immediately get your Cashback on the same month's statement |
Entertainment | Offers by AMEX on retail, travel, dining and entertainment partners |
American Express Selects | Exclusive dining privileges all around the world |
Insurance | Travel inconvenience or travel insurance coverage provided. Up to $350,000 worth of claim |
World-Class Service | 24-hour Customer Care Professional |
Global Assistance | For International use: +65 6295 0500 |
Fraud Protection | Remove any unrecognised purchase |
Supplementary Card | Receive S$20 CapitaVoucher each, for the first two approved Supplementary Cards |
AMEX True Cashback Card Benefit
Eligibility for AMEX True Cashback Card
To be eligible for the AMEX True Cashback Card, you'll have to meet the following criteria:
- 21 years old and above
- Supplementary card application should be 18 years old and above
- For Singaporeans and PRs: Minimum annual income of S$30,000
- For Foreigners: Minimum annual income of S$60,000
Fees and Charges for AMEX True Cashback Card
- Annual Principle Fee: $171.20, waived for the first year
- 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 $5 or 3% of the transaction, whichever is greater
How does AMEX True Cashback Card Compare
Pros:
- No minimum spend and No maximum cap on the cash back you can earn
- As with most American Express Card, there are membership benefits on multiple lifestyle genres through Amex Dining Privileges and Amex Selects.
- A straight-forward, and simple cashback card without the fuss of tracking how much cash back you have left in god knows which category, or how much more you require to maximise your rewards.
- Ideal for big spenders who will usually hit the ceiling on most cash back credit card limits
- Enjoy world-class and renowned American Express service especially when you're in need of help overseas
Cons:
- 1.5% cash back on all areas of spend might not be suitable for thriftier spenders
- Also not an ideal card for those with more specialised areas of transactions like Online Shopping, Dining, etc.
Still unsure? Find out everything you need about credit cards - including what the best credit cards in Singapore are for miles and Cashback, factors to consider before getting one, fees to know, and why a good credit score matters.
You can also pose questions (anonymously, if you'd prefer) on Seedly Community.
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.
- There is no cap on cashback
- Cashback applies regardless if you make local purchases or overseas expenditures
How to Apply for AMEX True Cashback Card
- Apply Online or
- Visit American Express
About American Express
Since 1850, American Express (AMEX) has remained committed to providing its customers with the best products and services. Some popular credit cards include AMEX CapitaCard, AMEX Platinum Credit Card, AMEX True Cashback Card, AMEX Personal Card and AMEX Singapore Airlines KrisFlyer Credit Card.
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