Credit Card Comparison: Amex True Cashback vs Citi Cash Back+ vs SCB Unlimited

Denise Bay
Last updated Jan 10, 2022

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 Unlimited. 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 Unlimited triple threat comparison, you will learn more about what each card has to offer as well as important things to be mindful of. 

Amex True Cashback vs Citi Cash Back+ vs SCB Unlimited

Credit card Key benefits
Amex True Cashback1.5% cashback on eligible spend
Citi Cash Back+1.6% cashback on eligible spend
SCB Unlimited1.5% cashback on eligible spend 

What these cashback credit cards have in common 

Amex True Cashback, Citi Cash Back+ and SCB Unlimited are accessible cashback credit cards that only require a minimum annual income of S$30,000. 

A common attribute of all three credit cards is that there is no cap on the base cashback you are eligible to 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 CashbackCiti Cash Back+ SCB Unlimited
Cashback workings1.5% 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

4.5% cashback on up to first S$5,000 spent within the first 3 months
1.5% cashback on all eligible spend, no min. spend and no cap

Up to total 3% cashback when you deposit funds in your Unlimited$aver account

Taking a closer look at Amex True Cashback vs Citi Cash Back+ vs SCB Unlimited, 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. 

It is trickier if you want to earn the extra cashback for SCB Unlimited — the bonus cashback of up to 1.5% that you can earn is capped at S$100 per month and applies only if you have a balance of S$100,000 or more in your Unlimited$saver account!

Comparison #2: Ability to earn cashback on bill payments

 Amex True CashbackCiti Cash Back+ SCB Unlimited
Earning cashback on bill paymentsYesNo 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 Unlimited 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.

Comparison #3: Cashback redemption

 Amex True CashbackCiti Cash Back+ SCB Unlimited
Cashback redemptionReceive cashback automatically within the month in the same statement as your purchasesRedeem cashback via SMS or with Citi Pay with Points — cashback earned doesn’t expireCashback for your eligible spends in each statement cycle will be credited into your Unlimited Card in the 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 Unlimited, your cashback can only be used to offset your bill statements. 

Comparison #4: Extra perks

 Amex True CashbackCiti Cash Back+ SCB Unlimited
Extra perks Free travel insurance of up to S$350,000 when you charge your travel ticket to the card

Curated retail, travel, dining and entertainment offers
American Express Selects®: Exclusive dining privileges worldwide 

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.  

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 Unlimited 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.  

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 Amex 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 Unlimited.

SingSaver Exclusive Offer: Receive an ErgoTune Supreme V3 (worth S$850) or an Apple iPad 9th Gen (worth S$499) or the latest Apple Watch SE 2nd Gen (worth S$379) or S$350 Cash when you make a min. spend of S$500 within 30 days of card approval. Valid till 2 October 2022. T&Cs apply.

Pick your Citibank card here!

Choose SCB Unlimited: SCB Unlimited 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. 

For example, you’ll need to have at least S$100,000 in your Unlimited$aver account in order to earn more cashback than the standard 1.5% the card offers.

Welcome offer: Enjoy a 3-month Disney+ subscription upon card activation. T&Cs apply. Apply for the Standard Chartered Visa Infinite Credit Card now!

Read these next:
Best Cashback Credit Cards In Singapore
Credit Card Comparison: DBS Altitude vs Citi PremierMiles vs OCBC 90N
Credit Card Comparison: DBS Live Fresh vs UOB YOLO vs OCBC FRANK
Credit Card Comparison: POSB Everyday vs Citi Cash Back vs OCBC 365
Credit Card Comparison: Citi Rewards vs OCBC Titanium vs HSBC Revolution

By Denise Bay
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.

Denise Bay January 10, 2022 63517