5 Ways to Save Money with the American Express True Cashback Card

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5 ways to save money with the amex true cashback card

If you want to get cashback every single time you spend, look no further than the Amex True Cashback Card.

Credit card promotions, terms, and conditions valid as of 14 March 2016.

Here’s a little secret: that cash rebate credit card that promises 10% cashback? You’re not actually saving 10% each month with it. And even if you do, you may have to spend quite a bit before you can get those savings.

Generally, the higher the cashback promised by a card, the more conditions come with it. Many cashback credit cards require a minimum spend for the rebate to be credited. The amount varies, but it’s not uncommon to spend S$1,000 a month to earn your rebate.

Many cashback cards also impose a cap on the maximum cashback earned each month. This means you’re only saving 10% up to a certain point.

To get the most out of a cashback card, read the terms and conditions carefully and match the card with the items you spend on. But if you can’t be bothered and want savings on EVERYTHING, get an uncomplicated credit card like the American Express True Cashback Card.

Here’s why:

save money with amex true cashback card

1. No Minimum Spend Required and No Cashback Cap

The American Express True Cashback Card gives you exactly what it says it does: 1.5% cashback on every purchase made on the card. There is absolutely no cap or minimum spend needed. How easy is that to foresee how much cashback you’re going to receive each month!

Imagine if you spend a lot on your card monthly—say, about S$5,000 each month. A typical cashback card would probably set the cap at S$25, but you’d get S$75 in rebates with the American True Cashback Card. Yes, wow.

cashback on everything

2. Get Cashback for EVERYTHING

Most cashback credit cards that advertise high cashback rates only cover certain categories, such as groceries, petrol and dining. For anything outside these categories, cashback is often less than 1%.

For example, the HSBC Visa Platinum Credit Card gives you 5% cashback for petrol and groceries, while the CIMB Visa Signature Card gives you 10% cashback on dining and online shopping in foreign currencies. Sounds great, right?

But what if you were to buy a 21.5 inch iMac with Retina 4K display that costs S$2,288?

HSBC Visa Platinum Credit Card CIMB Visa Signature Card American Express True Cashback Card
Cashback % Advertised 5% (petrol and groceries) 10% (dining and online shopping in foreign currencies) 1.5% (on all spend)
Cashback % for iMac (categorised under shopping) 0.3% (shopping) 0.2% (shopping) 1.5% (on all spend)
Savings for iMac S$6.86 S$4.58 S$34.32

Who’s laughing now?

3% cashback amex true cashback

3. New Cardholders Get 3% Cashback for the First 6 Months

As a welcome gift, American Express is giving an introductory offer to new True Cashback Cardholders: 3% cashback for the first six months.

It comes tied to a condition—but just one. The cashback is awarded to a total of S$5,000 spend over the six months. Any subsequent spend will be awarded 1.5% cashback. Here’s a table to explain this to you (although it is pretty straightforward):

Monthly Spend To-date Spend Cashback Awarded
March S$1,000 $1,000 3% x S$1,000 = S$30
April S$1,000 $2,000 3% x S$1,000 = S$30
May S$1,000 $3,000 3% x S$1,000 = S$30
June S$1,500 $4,500 3% x S$1,500 = S$45
July S$1,500 $6000 3% x S$500 + 1.5% x S$1,000 = S$30
August S$1,500 $7,500 1.5% x S$1,500 = S$22.50

wedding banquet discount with amex true cashback

4. Save S$1,500 and More on Your Wedding Banquet

Engaged and planning a hotel banquet this year? The Amex True Cashback Card can save you S$50 per table if you use it to book your banquet at the Fullerton Hotel. Your savings can go up to S$1,500 for a 30-table banquet, or S$1,000 for a 20-table banquet.

You also get 50% off all house wines or 30-litre beer barrels (dinner banquets only), plus a complimentary anniversary stay in a Palladium Suite.

If the savings have you convinced, make your booking before 31 March 2016. Find out more about the promotion here.

hotel deals with amex true cashback

5. Get Exclusive Deals on Hotel Bookings

There’s no need to pay more than you should when you travel! On top of the 1.5% cashback, you get exclusive discounts on hotel bookings when you pay with the Amex True Cashback Card.

Get 10% off Expedia hotel bookings when you enter the Voucher Code “AXPSG2” and the first 6 digits of your Amex credit card on the checkout page. You also get 12% off flights and hotels on Zuji, among other exclusive travel deals.

The Fine Print

Cashback is only awarded if your account is in good standing – meaning, you don’t have any outstanding balance on the card. So make it a habit to pay your credit card bill in full and on time to reap all the benefits of the Amex True Cashback Card.

Who Should Get the American Express True Cashback Card?

While anyone can enjoy all these perks, the Amex True Cashback card is especially great for Singaporeans who:

  • Want an uncomplicated credit card that has minimal fine print
  • Don’t like the idea of meeting a minimum monthly spend just to earn savings
  • Don’t spend on specific categories (i.e. groceries, petrol, dining) on a regular basis
  • Want savings on everything they spend on, any time of the year

amex true cashback CTA