The American Express True Cashback Card

Name: The American Express True Cashback Card
Brand: American Express
Price: 174.4 SGD
Availability: InStock
Rating: 4 (1 reviews)

4.0

WalletWalk Rating

Best for simple unlimited cashback

Last updated: 23-Sept-2025

Overview

The American Express True Cashback Card offers Singapore's most straightforward cashback system with 1.5% unlimited returns on every purchase. Earn 3% cashback on your first S$5,000 spent in the first six months without tracking categories or minimum spending. Perfect for those who value simplicity and immediate rewards credited same-month to statements. Over 50,000 cardholders enjoy average annual cashback of S$400 without any caps or restrictions.

Pros

↑Unlimited 1.5% cashback with no caps
↑No minimum spending requirements
↑Cashback credited same month statement

Cons

↓Lower cashback rate than category-specific cards
↓Annual fee applies from the second year
↓Limited premium benefits

Key Highlights

Welcome Offer
S$150 cashback
Apply now to enjoy 3% Cashback (up to S$150) when you spend in the first 6 months.
3% cashback up to S$150
First S$5,000 spent
Within first 6 months

Reward Rate
1.5% unlimited cashback
3% first 6 months
1.5% thereafter
No caps or categories

Minimum Salary
S$30,000 annually
Citizens/PRs: S$30,000
Foreigners: S$45,000

Annual Fee
S$174.40 (incl. GST)
First year waived
S$87.20 for supplementary

Highlight 6
Simple cashback
No categories to track
Unlimited cashback
Same month credit

Key Benefits

Bill Payment

★3.5

▼

1.5% cashback on bill payments
No caps or restrictions

Cashback

★4.0

▼

1.5% unlimited cashback
No categories or caps
Same month credit

Dining

★3.5

▼

1.5% cashback on dining
American Express dining privileges

Food Delivery

★3.5

▼

1.5% on food delivery
All platforms covered

Grocery

★3.5

▼

1.5% on groceries
All supermarkets

Lifestyle

★4.0

▼

American Express privileges
Wedding benefits program

Shopping

★4.0

▼

1.5% all shopping
Online and retail

Merchant Offers

▼

True Love Weddings program
Home improvement partners

Travel

★3.5

▼

Travel insurance S$350,000
Global assistance hotline

Liability Protection

▼

Zero fraud liability
Purchase protection included

Insurance

▼

Travel insurance S$350,000
Medical coverage included

First Year Free

▼

Annual fee waived first year
S$174.40 from year 2

Detailed Information

Annual Fee	S$174.40 (incl. 9% GST)
Annual Fee Waiver	First year free
Monthly Percentage Rate	2.50%
Annual Percentage Rate	30%
Minimum Monthly Payment	3% or S$50, whichever higher
Foreign Currency Markup	3.25%
Late Payment Charges	S$100 (incl. 9% GST)
Overlimit Charges	S$40 (incl. 9% GST)
Cash Advance Fee	6% or S$15, whichever higher
Fee For Supplementary Card	S$87.20 (incl. 9% GST)
Card Replacement Fee	S$20 (incl. 9% GST)
Fee For Duplicate Statement	S$10 per statement

Identity Proof	NRIC (Citizens/PRs) Passport (Foreigners)
Address Proof	Recent utility bill Bank statement
Income Proof Salaried	Latest 3 months payslips Latest Income Tax Notice CPF Contribution History
Income Proof Self Employed	Latest 2 years Income Tax Bank statements 6 months

The American Express True Cashback Card

Age Requirement Salaried	21 years and above
Age Requirement Self Employed	21 years and above
Minimum Annual Income Salaried	S$30,000
Minimum Annual Income Self Employed	S$30,000
Minimum Credit Score	Good

Age Requirement Salaried	21 years and above
Age Requirement Self Employed	21 years and above
Minimum Annual Income Salaried	S$30,000
Minimum Annual Income Self Employed	S$30,000
Minimum Credit Score	Good

The American Express True Cashback Card

Overview

Pros

Cons

Key Highlights

Key Benefits

Detailed Information

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