Miles vs Cashback

American Express True Cashback Card

Uncapped flat-rate cashback on everything, with no categories to manage.

Issuer
American Express
Network
Amex
Rewards
Cashback
Annual fee
Annual fee — often waivable
Beginner-friendly
General spendOverseas spend

Pros

  • +1.5% flat cashback on everything, uncapped, no min spend
  • +3% intro cashback first 6 months, up to S$5,000 spend
  • +First-year annual fee waived
  • +Simple and beginner-friendly, no categories to track

Cons

  • S$174.40 annual fee from year two
  • 1.5% base rate is low vs tiered cashback cards
  • Amex less widely accepted in Singapore than Visa/Mastercard
Annual feeS$174.40as of 16 Jun 2026
Cashback1.5% flat, uncapped, no minimum spendas of 16 Jun 2026
Min. income (S'porean/PR)S$30,000/yras of 16 Jun 2026
Min. income (foreigner)S$60,000/yras of 16 Jun 2026

Eligibility: Age 21+. Amex does not publish income on its own page; S$30,000 (S'porean/PR) and S$60,000 (foreigner) come from third-party comparison sites.

Who it’s for

The American Express True Cashback Card is a cashback card from American Express, best suited to people who spend on general spend and overseas spend. It's beginner-friendly. It carries an annual fee that can often be waived — confirm the current terms before applying.

View official detailsAlways confirm the latest fees, rates and terms on the issuer’s site.

Sources

Last reviewed 16 Jun 2026.

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