• loading

    We found 1 American Express True Cash Back Card Review
    1st Year Fee
    Joining Perks
    What you get
    What you need
    What you'll love
    What you need to consider
    What it costs

    American Express True Cash Back Card Review


    This is a flat-rate cashback card from Amex. Here are some highlights:

    • You will get 1.5% cashback on all purchases, with no minimum spending requirement and no limit on how much you can earn in a month. So, the more you spend with this card, the higher the benefits you will get.
    • The card offers flat cashback on all types of purchases, so you won’t have to carry multiple cashback cards for different types of expenses.
    • As a welcome bonus, you will earn 3% cashback on your purchases of up to S$5,000 in the first six months.

    Best suited to: Those who are looking for a card that offers cashback on every spend category.

    Key Features & Benefits of This Cashback Card

    Feature Description
    Annual fee S$171.20 (first-year fee waived)
    Cashback on all purchases 1.5%
    Complimentary travel insurance Up to S$350,000

    What Joining Perks Will You Enjoy?

    • As a welcome bonus, you will enjoy 3% cashback on your purchases of up to S$5,000 in the first six months.
    • You don’t have to pay annual fee for the first year.
    • You get CapitaVoucher worth S$20 for the first two approved supplementary credit cards.

    Any Other Benefits?

    • Round-the-clock support from Amex customer care professionals.
    • Access to the American Express Global Assist team that is dedicated to helping you in the event of any emergency while you are travelling overseas. The team can assist you with referrals to doctors, lawyers, or any other professional, depending on your requirement.
    • Access to American Express Selects and Global Dining Program that let you enjoy special offers and benefits at various restaurants and clubs in Singapore and outside Singapore.
    • Enjoy several promotional deals from time to time.

    How Can You Earn Your Cashback?

    • The card offers cashback at a flat rate of 1.5% on all purchases.
    • There is no minimum spending requirement to earn this rebate.
    • There is no cap on how much money you can earn in a month.
    • The cashback is calculated on the purchase value rounded off to the nearest dollar. For example, if you buy something worth S$21.50, your cashback will be calculated on S$22. But if the transaction amount is S$21.49, your cashback will be calculated on S$21.
    • The rebate amount will be credited directly to your account and will also reflect in the monthly card statement. Only the purchases that have been posted to your account will be considered for the calculation of your cashback.

    Let Us Illustrate:

    Assuming you are a new cardholder and you make transactions worth S$1,500 every month with your Amex True Cashback Card.

    Cashback earned during the first six months
    Total transaction value Cashback rate Total cashback
    S$9,000 3% on purchases worth S$5,000 and 1.5% on the remaining S$4,000 S$210 (S$150 + S$60)
    Cashback earned during the next six months
    Total transaction value Cashback rate Total cashback
    S$9,000 1.5% S$135

    What Does the Complimentary Insurance on This Card Cover?

    Coverage type Coverage amount
    Travel inconvenience
    Missed connection Up to S$400
    Luggage delay Up to S$400
    Luggage lost Up to S$1,000
    Travel accident
    Death S$350,000
    Loss of both feet and both hands S$350,000
    Loss of one foot and one hand S$350,000
    Loss of both eyes S$350,000
    Loss of one eye and one foot/hand S$350,000
    Loss of one foot/hand S$175,000
    Loss of one eye S$175,000

    Who All Will Be Covered by the Insurance?

    The complimentary insurance available with this card covers you, your spouse, and your dependant child (not more than 23 years old).

    What is the Interest Rate of This Card?

    Type of interest Charge
    Retail purchases 25.9% p.a.
    Cash advance 23.99% p.a.
    Instalment payment plan 0% (processing charges may apply)

    What Other Charges are Levied?

    Type of charge Charge
    Overseas transaction fee 2.5% of the transaction amount
    Late payment fee S$60
    Over limit fee  
    Cash advance fee 5% of the withdrawal amount plus 1% for traveller’s cheques
    Supplementary card fee Fee on the first two cards is permanently waived. S$85.60 for all subsequent cards.

    Do I Have to Activate the Card for Overseas Use?

    Yes, the magnetic stripe at the back of your card requires activation before you can use the card overseas. This stripe is deactivated for the security of your card. Without activation, you can use the card only at merchants who have an EMV terminal. But since most overseas merchants still don’t have EMV terminals, it’s best that you get your card’s magnetic stripe activated before starting the trip.

    You can activate the magnetic stripe online or by calling the Amex Card Activation Hotline.

    What Instalment Payment Plans are Available?

    With American Express’s Pay Small facility, you can convert your purchases into smaller, interest-free monthly instalments. You can choose to repay the amount over 6, 12, 18, or 24 months to suit your budget and requirements. Check out some terms and conditions associated with this feature:

    • Your purchase must be worth at least S$250.
    • The plan is applicable only to purchases made at participating merchants in Singapore.
    • The amount of the purchase should not exceed your credit limit.
    • Your credit card account must be in good standing.
    • When you convert your purchase into instalments under this plan, you will not be entitled to receive any rewards points, miles or cashback.
    • You will get 0% interest benefit only when you pay your account’s closing balance in full. If you don’t, finances charges will be applicable.
    • An administrative fee of S$100 may be imposed if you make early repayment.

    You can visit the American Express website to find out more about this plan (http://paysmall.com.sg/terms-and-conditions).

    How Much Cash Can I Withdraw?

    You can withdraw up to USD1,000 every 14 days through Express Cash overseas. The cap locally is 20% of your credit limit. Both overseas and local withdrawal will depend on how much credit is available in your card account. You must be an Amex card member for at least six months and must be enrolled for the facility to use it.

    Check Eligibility to Apply for this Card

    Eligibility parameters for this card can be found on this page.

    What If My Card is Lost/Stolen?

    If your card is lost or stolen, you must report to Amex as soon as possible to avoid any unauthorised use of the card. Also, in case some unauthorised charges are made to your card, your liability will be limited to S$100. However, you will have to prove that you took all measures possible to keep your card safe and avoid the incident.

    You can have as many credit cards as you want to, but you must use them responsibly. There are several types of credit cards in Singapore. You can choose the best from 7 types of credit cards on our site.

    American Express True Cash Back Card FAQs

    What is the minimum eligibility criteria in terms of income for the American Express True Cash Back Card?

    On the income front, Singaporeans and permanent residents must be earning a minimum of S$30,000 p.a., while foreigners must show an income of S$60,000 p.a.

    What are the primary benefits of the American Express True Cash Back Card?

    You can win a pair of Business Class tickets to 12 amazing destinations with Singapore Airlines.

    • You are guaranteed 1.5% cashback on all purchases of goods and services.
    • Besides the 1.5% cashback, cardholders can receive more savings with the True Cashback deals.

    What are the annual fees associated with the American Express True Cash Back Card?

    To hold on to an American Express True Cash Back Card, you must pay an annual fee of S$171.20 p.a. However, this fee is waived off for the first year. To apply for an annual supplementary card membership, the fee stands at S$85.60, inclusive of GST.

    What are the introductory benefits of applying for an American Express True Cash Back Card?

    Cardholders who recently signed up for this credit card can earn 3% cashback on up to a total spend of S$5,000 for the first six months. Besides, you are promised fee waiver for the first year.

    What is the Late Payment Fees charged on the American Express True Cash Back Card?

    If the minimum payment specified in the statement hasn’t been received by the bank by the payment, the cardholder must pay late payment fees, standing at S$60.


    Compare, check your eligibility and apply for credit cards online.

    This Page is BLOCKED as it is using Iframes.