American Express True Cashback Card

Cashback1st year fee waived

How it earns

1.5% on all eligible spend, no minimum, no cap
3% on the first S$5,000 in the first six months (new members)

What it earns on typical spending

Spending profile	Earns a year	Net of fee	Rank
Everyday S$2,000/mo	S$338	S$164	21 of 27
Eats out a lot S$2,050/mo	S$351	S$177	20 of 27
Frequent traveller S$3,570/mo	S$621	S$447	20 of 27
Family with a car S$3,050/mo	S$513	S$339	20 of 27

Ranked against all 27 cards we track, miles valued at 1.5¢, annual fee counted. Click a profile to open it in the finder.

See what it earns on your spending

Key facts

Type	Cashback card · AMEX
Annual fee	S$174.40 incl. GST
Fee waiver	First year waived.
Minimum income	Not published by the issuer (regulatory minimum is S$30,000 for most applicants)
Rewards currency	SGD cashback
How points are counted	Each purchase rounded to the nearest dollar
Expiry	—
Foreign-currency fee	3.25%

Good to know

AMEX is accepted at fewer merchants in Singapore than Visa or Mastercard.
AMEX states only the regulatory minimum income (S$30,000).

Common questions

What is the annual fee on the AMEX True Cashback?

S$174.40 a year including GST, waived for the first year. First year waived.

What income do I need for the AMEX True Cashback?

Not published by the issuer (regulatory minimum is S$30,000 for most applicants).

How much will I earn with the AMEX True Cashback?

On a typical S$2,000 a month of everyday spending, about S$338 cashback a year, or S$164 after the annual fee. That ranks it 21 of 27 cards we track. Your own spending can change this a lot.

What is the foreign-currency fee on the AMEX True Cashback?

3.25% on transactions in a foreign currency.

Sources

Checked against the issuer's own pages on 27 Oct 2026:

Terms change often. Always confirm rates, caps and fees on American Express's own page before applying. Found something out of date? Tell us.