American Express True Cashback Card Review

Earn as you spend with the American Express True Cashback Card.

For a straight-forward way to get something back on your credit card spend, consider the American Express True Cashback card. The 1.5% cashback rate is uncapped and applies to almost all the transactions you make with your American Express card. You don’t need to do anything to claim your cashback – American Express simply credits your account statement every month, making this card ideal if you’re looking for fuss-free rewards.

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$0 annual fee for 1 year - $172.80 thereafter

Annual Fee


Effective Interest Rate


Min Income - Singaporean and PR


Product NameAmerican Express True Cashback Card
RewardEnjoy 1.5% cashback on all purchases with no minimum spend or cap.
Effective Interest Rate26.9%
Interest Free PeriodUp to 22 days
Maximum Credit LimitUp to 4x of monthly income
Minimum Monthly Repayment3% of outstanding balance or $50, whichever is higher


It’s always a good idea to try and get some type of reward on the payments you make with your credit card. Cashback can be the easiest way to do so and the American Express True Cashback Card makes it especially easy.

This card currently offers a 3% cashback as an introductory bonus offer upon $5,000 spend in the first six months. on your card. All other transactions earn you 1.5% cashback. Your card includes additional benefits such as dining privileges, 24-hour customer care and global assistance.

Benefits of the American Express True Cashback Card

  • Welcome bonus. Receive 3% cashback as an introductory bonus offer upon $5,000 spend in the first six months.
  • Cashback bonus. Earn 1.5% after your welcome bonus cashback with no minimum spend and no earn cap.

Features of the American Express True Cashback Card

Your card comes with all the usual American Express credit card features including extensive protection against fraud and a customer-friendly, 24/7 care line to answer your questions. Here are further details of this card’s features:

  • Annual fee. Your first year’s card membership will be free, but following years will be subject to a $172.80 (inclusive of GST) annual fee.
  • No cap on cashback. Apply for the card and rest assured that you won’t face a cashback limit; you can earn cashback on all of your transactions.
  • American Express Global Assist. Help is just a phone call away wherever you are travelling in the world. American Express will offer you personal advice over the phone, whether you need to speak to a doctor, lawyer or other professional.
  • Travel inconvenience and travel accident insurance. The card carries a travel insurance benefit of up to $350,000 that may provide cover if your travel arrangements are unexpectedly disrupted, or if you are in an accident while travelling.
  • Mobile Payments. Conveniently pay with your phone through Apple Pay, Samsung Pay, Google Pay and Amex Pay when you hold an American Express True Cashback credit card.

Application criteria

You need to meet the following criteria to apply:

  • Minimum 21 years of age for Principal and 18 for Supplementary cardholder
  • There is an income requirement of $30,000 for Singapore citizens and permanent residents, $45,000 for expatriates
  • Credit record must be free of defaults or bankruptcies

Required information/documents

  • Your identification, including Singapore ID or a passport
  • Full income and employment details
  • Proof of your current residential address

Everyone likes to get something back when using a credit card, but a complicated rewards scheme is not always ideal. This cashback card is an easy way to enjoy credit card rewards.

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