American Express Decreases Required Spending for Welcome Offer By Half on True Cashback Card

Effective immediately, those applying for the American Express True Cashback Card will only need to spend S$500 (previously S$1,000) to receive S$60 CapitaVoucher if they are a new-to-bank cardmember. Existing cardmembers will receive a S$30 CapitaVoucher instead after spending S$500 on the card.

Click HERE to apply for the American Express True Cashback Card!

Photo Credit: American Express

The American Express True Cashback Card is one of the best cashback credit cards in Singapore with no required minimum spend and no cap on cash rebates each month - you will earn 1.5% and 2.5% on all eligible local- and foreign-current spend respectively on this card. There is also a welcome bonus of 3% cashback on the first S$5,000 spend within the first 6 months of your card membership - the cashback reverts back to 1.5% and 2.5% after that with no cap.

If you are an eligible new customer, you will only need to spend S$500 on the American Express True Cashback Card to get a S$60 CapitaVoucher (effectively 12% rebate) and this is on top of the welcome bonus that you can get - 3% and 4% cashback on all eligible local- and foreign-currency transactions (capped at the first S$5,000) made within the first 6 months of card membership.

Photo Credit: American Express

Additionally, you can also register your American Express True Cashback Card to enjoy an additional 1% Cashback on all your Foreign Currency spend, on top of the 3% Welcome Bonus or 1.5% Cashback thereafter. Planning to get a different American Express card? Using any of the following MGM referral links will earn you either bonus MR Points of KrisFlyer miles depending on the card that you will be applying for:

• The Platinum Card - 40,000 MR Points Bonus.

• American Express Platinum Credit Card - 15,000 MR Points Bonus

• American Express Singapore Airlines KrisFlyer Ascend Credit Card - 7,500 KrisFlyer Miles Bonus