Credit Card Comparison: AMEX True Cashback vs Citi Cash Back+ vs SCB Simply Cash

Denise Bay

Denise Bay

Last updated 15 January, 2024

Choices are never easy. That’s why, we do the math, so you don’t have to. Compare This, a SingSaver series, is here to help make decisions a little easier for you.


Limitless, cap-less cashback credit cards that don’t need you to keep tabs on anything. Dive in to learn which one could be your wallet’s new best friend.

Looking for a straightforward cashback credit card that lets you earn unlimited rewards on practically everything? Zoom in on Amex True Cashback vs Citi Cash Back+ vs SCB Simply Cash. These flat-rate cashback credit cards reward you no matter how big or small your purchases are.  

Although they are quite similar, they aren’t the exact same. In this Amex True Cashback vs Citi Cashback+ vs SCB Simply Cash triple threat comparison, you will learn more about what each card has to offer as well as important things to be mindful of. 

Table of contents


Looking for the best credit cards to complement your spending patterns and expenditure in 2024? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.


Amex True Cashback vs Citi Cash Back+ vs SCB Simply Cash

Credit card  Key benefits

AMEX True Cashback Card

AMEX TCB 2024

TeamCashback-VS-TeamMiles-KV2.1_BLOGARTICLE_800x250

🆚SingSaver's Cashback vs Miles Campaign (Round 2) 🆚: Are you Team Cashback or Team Air Miles?

Be one of the first 400 to receive rewards of up to +S$740 Vouchers or up to +74K Miles when you sign up for any participating Cashback or Miles Credit Card, respectively, within the promo period. The team with the most applications wins the rewards! Promo runs from 24 May, 12pm - 6 June 2024. T&Cs apply.

Plus, get up to 31x chances to win a Pair of RETURN Business Class Tickets to Tokyo, Japan (worth 120K Max Miles) in the Grand Lucky Draw when you successfully apply for participating products. Promo runs from 24 May, 12pm - 6 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards when you sign up for an Amex True Cashback Card (Team Cashback):

AMEX_TCB_BLOGARTICLE_800x250 (3)

Receive S$150 Cash via PayNow when you apply for an Amex True Cashback Card and make a min. S$500 spend within 1 month of Card approval. Available to new-to-American-Express card members only. Valid until 6 June 2024. T&Cs apply.


1.5% cashback on all eligible spend, no min. spend or cap
 
3% welcome cashback bonus on up to S$5,000 spend within first 6 months of card approval
 
Receive cashback within the same month's statement

Citi Cash Back+ Card

CitiCashBack_MC

1.6% cashback on all eligible spend, no min. spend or cap

Standard Chartered Simply Cash Card

SCB_SIMPLYCASH

1.5% cashback on all eligible spend, no min. spend or cap

What do these cashback credit cards have in common?

Amex True Cashback, Citi Cash Back+ and SCB Simply Cash are accessible cashback credit cards with entry-level minimum income requirements. (We're looking at around the S$30,000 annual income range.)

A common attribute of all three credit cards is that there is no cap on the base cashback you can earn. Also, there’s no minimum spend required to start earning cashback on your purchases. 

All three credit cards are straightforward and easy to use, perfect for those new to the world of credit cards or those who simply prefer something ultra fuss-free.


How these cashback credit cards differ

Comparison #1: Cashback workings

AMEX True Cashback
Citi Cash Back+  SCB Simply Cash
1.5% cashback on all eligible spend, no min. spend and no cap

3% cashback on first S$5,000 spent within the first 6 months 

1.6% cashback on all eligible spend, no min. spend and no cap

Welcome bonus cashback subject to ongoing promotions at the time

1.5% cashback on all eligible spend, no min. spend and no cap

Taking a closer look at AMEX True Cashback vs Citi Cash Back+ vs SCB Simply Cash, you’ll find that the AMEX and Citi cards let cardmembers earn extra cashback for the first couple of months without having to jump through hoops at all.

However, out of the two, AMEX True Cashback offers the most consistent welcome bonus cashback promotion where new-to-AMEX cardholders can earn 3% cashback on the first S$5,000 spend within first 6 months of card approval. 

Remember: This 3% cashback is unlimited, and can be virtually earned on any spending thanks to the card's broad range of eligible merchants. For clarity on excluded merchants, refer to their MCCs exclusions here.


Comparison #2: Ability to earn cashback on bill payments

  AMEX True Cashback Citi Cash Back+  SCB Simply Cash
Earning cashback on bill payments Yes No  No

While you can quite literally earn cashback on almost every purchase using any of the three cashback credit cards, take note that Citi Cash Back+ and SCB Simply Cash do not let you earn cashback on bill payments (including via Citibank Online). 

Consider AMEX True Cashback if you’re keen on earning rewards on your utility bills and phone bills. 

💡Pro-tip: You can also earn 1.5% cashback on commonly-excluded categories like education fees, insurance premiums, and medical bills!


Comparison #3: Cashback redemption

  Amex True Cashback Citi Cash Back+  SCB Simply Cash
Cashback redemption Receive cashback automatically within the month in the same statement as your purchases Redeem cashback via Citi app/SMS or with Citi Pay with Points — cashback earned doesn’t expire Cashback for your eligible spends in each statement cycle will be credited into your card's next statement month 

If having a say in how you utilise your rewards is important to you, you’ll appreciate the flexibility that Citi Cash Back+ offers. For AMEX True Cashback and SCB Simply Cash, your cashback can only be used to offset your bill statements. 


Comparison #4: Extra perks

  AMEX True Cashback Citi Cash Back+  SCB Simply Cash
Extra perks  Complimentary travel insurance of up to S$350,000 when you charge your travel ticket to the card

Curated retail, travel, dining and entertainment offers. Details here

Curated offers and extra savings on home improvement purchases. Details here


True Love Weddings: 5% off new wedding packages at selected venues when you pay with your card 
Citi World Privileges: Get dining, lifestyle, travel and shopping deals locally & in 95 other countries

Enjoy extra cashback with Citi PayAll, subject to fees and T&Cs
The Good Life®: Enjoy card offers and privileges at over 3,000 outlets in Asia from dining offers to shopping, travel and lifestyle benefits 

Enjoy extra cashback with SC EasyBill, subject to fees and T&Cs 

Although you get to enjoy a slew of lifestyle deals and promotions with all three cashback credit cards, AMEX True Cashback is hard to beat thanks to its generosity towards its cardmembers.

It is the only card amongst the three to throw in complimentary travel insurance and a straightforward 5% off wedding packages at selected venues. The 5% discount should amount to quite a sum, considering how pricey wedding packages at hotels are these days.  

And they even take it a step further by considering your future home improvements in mind. Their curated selection of partner discounts and savings on selected home renovation merchants will help shave some costs in your home reno budget!


Conclusion: Which one should you choose?

It’s a tough one to pick out a winner in the Amex True Cashback vs Citi Cash Back+ vs SCB Simply Cash comparison. Each cashback credit card has its own merits and which one is the most suited to you really depends on what you’re looking for, and perhaps, the overall experience the credit card has to offer, taking into account all the nitty gritty details.  

AMEX TCB 2024

TeamCashback-VS-TeamMiles-KV2.1_BLOGARTICLE_800x250

🆚SingSaver's Cashback vs Miles Campaign (Round 2) 🆚: Are you Team Cashback or Team Air Miles?

Be one of the first 400 to receive rewards of up to +S$740 Vouchers or up to +74K Miles when you sign up for any participating Cashback or Miles Credit Card, respectively, within the promo period. The team with the most applications wins the rewards! Promo runs from 24 May, 12pm - 6 June 2024. T&Cs apply.

Plus, get up to 31x chances to win a Pair of RETURN Business Class Tickets to Tokyo, Japan (worth 120K Max Miles) in the Grand Lucky Draw when you successfully apply for participating products. Promo runs from 24 May, 12pm - 6 June 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards when you sign up for an Amex True Cashback Card (Team Cashback):

AMEX_TCB_BLOGARTICLE_800x250 (3)

Receive S$150 Cash via PayNow when you apply for an Amex True Cashback Card and make a min. S$500 spend within 1 month of Card approval. Available to new-to-American-Express card members only. Valid until 6 June 2024. T&Cs apply.

Choose AMEX True Cashback: If you want a fuss-free, reliable cashback credit card that comes with extra perks like free travel insurance and rewards on your monthly bill and insurance payments, AMEX True Cashback is a fantastic choice.

If it helps, know that American Express provides the best customer service hands down, though it’s not the easiest to get a fee waiver from your second year onwards. 


Choose Citi Cash Back+: If you spend largely in Singapore Dollars and you appreciate getting the option to choose how you spend your earned cashback, Citi Cash Back+ is a great cashback credit card to have in your pocket. Its base cashback rate of 1.6% is marginally higher than the 1.5% offered by Amex True Cashback and SCB Simply Cash.

SingSaver's Exclusive Offer: Receive the following rewards when you sign up for a Citi Credit Card:

Citi PremierMiles_Campaign_BLOGARTICLE_800x250

Citi PremierMiles Card: Receive a Dyson Supersonic (worth S$699) or an Apple iPad 9th Gen (worth S$508.30) or 15,600 KrisFlyer Miles or S$350 eCapitaVoucher or S$300 Cash upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 6 June 2024. T&Cs apply.

Citi_CC_KV2_BLOGARTICLE_800x250

Other Citi Credit Cards: Receive a Dyson Supersonic (worth S$699) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Sony Portable Theatre System HT-AX7 (worth S$759) or S$350 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 6 June 2024. T&Cs apply.

Pay_To_Upgrade_Rewards_Campaign_BLOGARTICLE_800x250-1

Plus, upgrade your rewards when you top up S$999 for an Apple MacBook Air 13” (M3 chip) 256GB (worth S$1,599) or an Apple iPhone 15 Pro 128GB (worth S$1,664.25). Alternatively, top up S$1,488 for a Samsung Galaxy S24 Ultra Titanium Gray 12+512GB 5G (worth S$2,128). Valid till 2 June 2024. T&Cs apply.


SimplyCash_front

Choose SCB Simply Cash: SCB Simply Cash is the fussiest sibling amongst the three. While it lets you earn extra cashback as a cardmember — not just for the first few months — there are hoops you’ll have to jump through. 

SingSaver's Exclusive Offer: Enjoy the following rewards when you sign up for a Standard Chartered credit card. Eligible for new Standard Chartered cardholders only.

Standard Chartered Simply Cash Credit Card : Receive a Sony HT-AX7 (worth S$769) or Dyson SSHD (worth S$699) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or S$330 cash upon activating and spending min. $500 spend within 30 days of card approval. Also, get an additional S$30 e-Capitaland voucher when you make a min. spending of $1,000 in your 2nd month. Valid till 2 June 2024. T&Cs apply.
 

Plus, get an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 2 June 2024. T&C applies.

SCB CC_BLOGARTICLE_800x250

Standard Chartered Smart Card and Rewards+ Card: Receive  a Dyson AM07 (worth S$459) or Hinomi H1 Classic V3 Ergonomic Office Chair (worth S$419) or Apple Airpods (3rd Gen) With Magsafe Charging Case (worth S$274) or up to S$250 cash upon activating and spending min. S$250 spend within 30 days of card approval. Also, get an additional S$20 e-Capitaland voucher when you make a min. spending of S$1,000 in your 2nd month. Valid till 2 June 2024.  T&Cs apply.

Plus, get an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 2 June 2024. T&C applies.

SCB Journey Sony_BLOGARTICLE_800x250

Standard Chartered Journey Credit Card Only: Receive a SONY SRS-XB100 (worth S$90) or Apple AirTag (worth S$45.40) or up to S$50 cash upon activating your card within 30 days and no minimum spend required. Also, get an additional S$20 e-Capitaland voucher when you make a min. spending of $1,000 in your 2nd month. Valid till 2 June 2024. T&Cs apply.

Get an additional S$20 e-Capitaland Voucher when you split the payment for your purchases with SCB Easy Pay, pay your bills with SCB Easybill or put any of your purchases on instalment in SCB Savings Account or Current Account within 60 days of approval. Valid till 2 June 2024. T&C applies.

Plus, receive up to 45,000 miles when you apply with annual fee payment (S$196.20 incl. GST) and make a min. spend of S$3,000 within 2 months of card approval. Valid till 30 June 2024. T&Cs apply.

 

While Denise has a thing for travel, K-dramas, 0% sugar bbt (with boba!), Japanese cuisine and flat white, her curious nature means all sorts of random tabs are open on her phone 24/7. She doesn’t like to pay full price for anything, too.

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