Cashback is a Credit Card benefit that allows you to earn money back on purchases made with the relevant Card. It’s like getting a small rebate on eligible payments.
Cashback is a percentage of a transaction that is credited back to you as a loyalty reward. Figures typically range between 1-3%, but can go higher depending on the card issuer, card type, and what you’re buying. Some Cards offer flat-rate cashback bonuses on all eligible transactions, while others offer a tiered structure, for example 3% cashback on fuel purchases, 2% on shopping, and 1% on all other purchases. Some Cards offer high rewards in rotating bonus categories; so you could earn as much as 5% cashback in a particular spending category, but the category may change every few months.
The American Express® True Cashback Card offers a straightforward 1.5% Cashback for eligible purchases in any spending category. So, for example, if you spend S$1,000 in a month, you’ll get S$15 in Cashback in the same month’s statement.
Not to be confused with asking for cash back at the supermarket cashiers, Cashback Credit Cards offer a simple, straightforward way to earn cash rebates for your everyday purchases – big and small.
Every time you make a purchase with your Cashback Credit Card, you’ll receive a percentage of that transaction back as a rebate. The more purchases you make with your Card, the more Cashback you can earn.
American Express True Cashback Credit Card offer plenty of payment perks:
Enjoy all the benefits and convenience of an American Express Credit Card whilst earning cashback. There’s no limit to the amount you could earn.
View our Cashback Credit Card.