Father on tablet with son - American Express

What is Cashback?


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.


How does Cashback work?

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. 

What is a Cashback Credit Card?

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.


What are the benefits of Cashback? 

American Express True Cashback Credit Card offer plenty of payment perks:

  • No minimum spend required
  • No Cashback cap
  • 3% Cashback on the first S$5,000 spend in the first 6 months
  • 1.5% Cashback on all subsequent purchases
  • Earn an additional 1% Cashback on selected recurring essential bills, and all foreign currency spend when you register your Card
  • Earn Cashback in more places than with other providers, like on certain insurance payments and GrabPay top-ups
  • It’s effortless – every time you spend on your Card, you’ll receive a percentage of the transaction as a rebate automatically into your Account

Our Cashback Credit Cards 

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.

American Express® True Cashback Card

  • First year’s Annual Fee of S$171.20 waived
  • First 2 Supplementary Cards fee permanently waived
  • 3% Cashback on the first S$5,000 spend in the first 6 months
  • 1.5% Cashback on all subsequent purchases
  • Additional 1% Cashback on selected essential bills and foreign currency spend when you register your card
  • Immediate Cashback in the same month's statement
  • Travel Inconvenience and Travel Accident Insurance
  • Fraud Protection and Global Assist
True Cashback Card

Explore our range of Cards; you're bound to find something that suits you.