American Express True Cashback Card

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Key Features

3.0% Cashback
Welcome Bonus (min. spend of $5,000 on eligible purchases in 6 months)
1.5%
Cash Back
Unlimited
Cash Back Cap

Promotion

CashBack

For the first 6 months, earn 3% cashback on up to S$5,000 spend, and then receive 1.5% cashback on any purchases made after that.
There is no minimum spend or cap on the cashback earned, allowing for unlimited cashback opportunities.

Dining

Dining privileges at outlets such as JIN Fine Dining and BOTAN Japanese Restaurant are available for your enjoyment.
You can earn 3% cashback for the first 6 months up to S$5,000 spend, followed by 1.5% cashback on any purchase you make thereafter. The cashback is unlimited, and there is no minimum spend or cap.

Shopping

Receive instant Cashback on the same month’s statement as your purchases for immediate gratification.
True Love Weddings: Benefit from extra savings on wedding packages and services with participating partners.
Access curated offers and additional savings on home improvement purchases and selected family expenses.
Earn Cashback on every eligible dollar spent without complicated requirements to qualify.

Petrol

For the first 6 months, earn 3% cashback on up to S$5,000 spend, and then receive 1.5% cashback on any purchases made after that.
There is no minimum spend or cap on the cashback earned, allowing for unlimited cashback opportunities.

Overseas Spending

For the first 6 months, earn 3% cashback on up to S$5,000 spend, and then receive 1.5% cashback on any purchases made after that.

Other Features

Enjoy unlimited Cashback on all eligible purchases with no minimum spending and no earn cap.
Earn 3% Cashback for the first 6 months on up to S$5,000 spend, and 1.5% Cashback on all purchases thereafter.
After the welcome bonus period, continue to earn 1.5% Cashback on all eligible purchases with no minimum spending and no earn cap.
LOANPANDA aims to provide accurate and up-to-date information, but it may differ from what you see on the financial institution, service provider, or product site. LOANPANDA is not responsible for any compensation in case of outdated information.

Eligibility

Singaporean/PR Minimum Income

Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.

Non-Singaporean Minimum Income

Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.

Fees and Charges

Annual Principal Fee: S$172.80 (incl. of 8% GST with effect from 1 Jan 2023)waived for the first year
Supplementary Annual Fee: S$86.40 (incl. of 8% GST with effect from 1 Jan 2023). for each subsequent Supplementary Card.
Fee Waiver: Available
Interest Free Period: 22 days
Annual Interest Rate: 26.90%
Late Payment Fees: S$100
Minimum Monthly Repayment: 3% or S$50, whichever is higher
Foreign Currency Transaction Fee: 2.95%
Foreign Check Fee: N/A
Cash Advance Transaction Fee: 5%
Overlimit Fee: N/A

Review

By LOANPANDA

American Express True Cashback Card is a cashback credit card that offers 3% cashback on up to S$5,000 spend for the first 6 months, and 1.5% cashback on all purchases thereafter, with no minimum spend or cap. It also offers dining and shopping privileges, as well as savings on home improvement and wedding packages.

The annual fee is S$172.80 (waived for the first year) and the interest rate is 26.90%. The card is available to Singaporean/PR and non-Singaporean applicants who meet the minimum income requirement and pass the internal assessment.