Is there a limit on how much Cashback one can earn every month using The American Express True Cashback Card?

Who can confirm the limit on how much Cashback one can earn every month using the American Express True Cashback Card and are there any complicated requirements to qualify for Cashbacks like minimum spends and category tracking?

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    The American Express True Cashback Card gives a 3% Cashback on all eligible purchases you make locally and overseas all up to S$5,000 spend for the first 6 months. After the welcome Cashback bonus, you can continue to earn 1.5% Cashback on all your eligible purchases, locally and overseas. From small to large expenses like home improvement or a plane ticket for the next getaway, there are endless ways to earn Cashback. And you can even register your Card to enjoy additional 1% Cashback on all your Foreign Currency spend, on top of the 3% Welcome Bonus or 1.5% Cashback thereafter. With no minimum spend and no earn cap. There are no minimum spend and no categories to track with complicated requirements to qualify for Cashback. You will be earning Cashback on every eligible dollar spent. Finally note there is no limit on how much Cashback you can earn every month. You earn Cashback for all eligible purchases you make on your Card, with instant gratification in getting your Cashback immediately in the same month's statement as your purchases.

    2019.08.01 5:31

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    This credit card can not be used to repay your home loan.

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    Before we get all excited, let’s first try to put the record straight, and that is that you cannot use your credit card to repay your home loan. I find this to be very unfortunately but irrespective, it pays to sign up for a credit card with very relaxed terms & conditions when you’re about to move in to your new home. That is because, apart from home loan repayments, you’re going to be paying for a lot of assorted items like furniture, appliances, renovations, an interior designer, etc. Many of these won’t fall into bonus cashback categories like online shopping, dining or groceries.

    Benefit even more from the True Cashback Card when you travel overseas

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    It is worthy to note that you can benefit even more from the True Cashback Card when you travel overseas. You get to enjoy an additional 1% cashback on all foreign currency spending with no minimum spending requirements, even through your Welcome Bonus period. In order to enjoy the additional 1% cashback, existing and new card members must register online at amex.co/tcbfcs.

    Enjoy 3% cashback on everything you spend on in the first 6 months up to $5,000

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    Generally this is a cashback card as you get to enjoy 3% cashback on everything you spend on in the first 6 months up to $5,000. Subsequently, you get 1.5% cashback. At first glance, the cashback rate of 1.5% may not be impressive especially when other cards are offering cashback rates as high as 6% to 9%. But upon closer inspection, cards that offer very high cashback rates usually only do so subject to two conditions; spending in certain categories, and that you satisfy their minimum spending requirements.

    1.5% cashback rate is offered with no strings attached.

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    While certain cards might limit their generous cashback rate to specific categories for e.g. online purchases only, and/or require you to spend at least $600 a month to qualify for the cashback. In that respect therein lies the American Express True Cashback Card’s real strength, which is their 1.5% cashback rate is offered with no strings attached.

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