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American Express True Cashback Card
Cashback card by American Express · Easy · No minimum spend
Earns 1.5% on all spend in S$. Annual fee: S$174.40, 1st year free.
Checked against American Express's own terms on 8 Oct 2026. See the documents
How you earn
| Where | How you pay | You earn |
|---|---|---|
| Everything else, in S$ | Any way of paying | 1.5% |
| Everything else, in a foreign currency | Any way of paying | 1.5% |
The bank's full earning rules
- 1.5% cashback on eligible purchases, with no minimum spend and no earn cap.
- Welcome: 3% on up to S$5,000 of eligible purchases (supplementary spend included) in the first 6 months of membership; spend above S$5,000 in that period earns 1.5%.
- Each purchase is rounded to the nearest dollar before cashback is worked out (e.g. S$19.49 counts as S$19).
- Supplementary card spend counts towards the principal's cashback.
- Cashback is credited in the same month's statement; charges posted after the statement cut-off count the following month.
Where the bonus applies
- All eligible purchases at merchants that accept American Express, in Singapore and overseas
Earns nothing on
- Cash advances, Express Cash and other cash services; Amex Travellers Cheque purchases
- Finance charges, interest, late payment and collection charges, annual card fees, charges for dishonoured cheques
- Balance transfers and instalment plans
- Tax refunds from overseas purchases
- Public transit in Singapore, including transactions with the merchant description "BUS/MRT"
See all 7
- Cash advances, Express Cash and other cash services; Amex Travellers Cheque purchases
- Finance charges, interest, late payment and collection charges, annual card fees, charges for dishonoured cheques
- Balance transfers and instalment plans
- Tax refunds from overseas purchases
- Public transit in Singapore, including transactions with the merchant description "BUS/MRT"
- Stored-value card purchases, loads or top-ups, and digital wallet top-ups such as GrabPay and ShopeePay (from 30 Sep 2025)
- Charges at other merchants Amex excludes at its discretion; returns and credits reduce cashback
Fees and limits
Good to know
Flat 1.5% cashback on eligible purchases, local or foreign currency, with no minimum spend and no cap.
New Card Members get 3% on the first S$5,000 of purchases in the first 6 months of membership (max S$150); not modelled.
Public transit in Singapore ("BUS/MRT", e.g. SimplyGo taps) and e-wallet top-ups such as GrabPay and ShopeePay earn no cashback; Cardinko still shows 1.5% for these.
Each purchase is rounded to the nearest dollar before cashback is calculated. Amex is not accepted everywhere in Singapore.
Where these facts come from
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