American Express True Cashback Card

Last updated:May 2019
Offers
Benefits
Eligibility
APR/ FEES

Offers

Welcome Offers from American Express

OFFER 1

3% cashback for first six months

  • 3% cashback on all spend on in first 6 months.
  • Capped at first S$5,000 spend, thereafter cashback of 1.5% cashback (standard rate) applies.
  • Terms and Conditions apply.
OFFER 2

Up to S$160 worth of Capita and Grab Vouchers

  • Receive S$60 CapitaVouchers upon minimum spend of $500 within the first month, gift fulfilled by American Express
  • SingSaver Exclusive: Receive an additonal $100 of Grab vouchers when you meet the same min spend of $500 within the first month. Terms and Conditions apply. 
  • Existing customers receive $30 CapitaVouchers.

Need some help?

No worries, we've got you covered!

How do credit cards work?

A credit card lets you pay for purchases both in shops and online without paying cash. You usually get slightly more than a month to pay that amount back to the bank without incurring any interest. However, if you do not pay the full sum before the due date, an interest (up to 24% - 28% per annum.) is charged on the outstanding amount. Banks usually require you to pay a minimum sum each month.

What's the difference between credit cards and debit cards?

When you apply for a credit card, you get a credit limit, which is usually two to four times your monthly salary. You draw down on this credit limit when you make purchases and then repay the bank at the end of the month. With a debit card, however, the exact purchase amount is deducted directly from an account that's linked to the debit card. If there are insufficient funds in the account, the transaction will not go through.

How do I apply for a credit card?

You can apply for a credit card online or through forms available at banks or shopping malls. Fill up the personal details required, submit the relevant documents and wait for the application to be approved.

When can I apply for a credit card?

You must be at least 21 years old to apply for a credit card. Some banks allow student credit cards to be issued to those aged 18. The minimum age for a supplementary card holder is also 18 years old.

Daily Expenses
Dining & Entertainment
Shopping
Big Ticket Purchases
First Timers
Annual Fee Waiver
Daily Expenses
Dining & Entertainment
Shopping
Big Ticket Purchases
First Timers
Annual Fee Waiver

Great for

Receive up to $60 CapitaVouchers upon min spend of $500 within the first month, gift fulfilled by American Express. Terms and Conditions apply.
SingSaver Exclusive: Receive an additional $100 worth of Grab vouchers when you meet the same min spend of $500 within the first month. Terms and Conditions apply. Promotion ends 31 July 2019.
Apply via MyInfo and get S$20 CapitaVouchers. Promotion ends 30 June 2019. Terms and Conditions apply.
Existing customers receive $30 CapitaVouchers upon $500 spend within first month. Terms and Conditions apply.
Welcome offer: Enjoy 3% cash back on up to total of S$5,000 spend for first 6 months.
Get 1.5% cash back on purchases of all eligible spend. No cap and no minimum spend
Receive immediate Cashback in the same month's statement as your purchases.
Purchase your travel ticket with your American Express True Cashback Card and receive free travel insurance benefits of up to S$350,000.

Need to know

Min. income requirement for Singaporeans/PRs: S$30,000 & min. income requirement for Foreigners: S$60,000

Benefits

Year-round rewards

Cash rebate
Air miles rewards
Cash rebate
Local Spending
1.5 %
Dining Spending
1.5 %
All Spending
1.5 %
Retail Spending
1.5 %
Online Shopping Spending (Local)
1.5 %

Eligibility

APR/ FEES

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