Forum
Last updated: 

What are the advantages of an Amex True Cashback Card for a fresh graduate earning about $3,000 with a monthly spend of $1,500?

Hello, I am looking for a suitable cashback Credit Card but am not really a big spender so I'm looking at one that doesn't require a minimum spend. Would AMEX True Cashback Card be a good fit?

User comments

  • user image

    No Name

    It really depends on your spending habits, categories and merchants you frequent as Amex true cashback is a flat cashback for everything. In my case I recently cancelled my True Cashback Card. This is because it seems not many merchants accept Amex. But that is just in my opinion based on my own spending habit as the card may be good for you.

    2019.08.01 3:11

Please leave your knowledge and opinion!

Recommending Reviews

Customer care service at top notch

This is my first credit card and I was pleased with the process as the application was absolutely stress free and smooth with customer care service at top notch. I actually felt taken care of and it appeared I could rely on customer care service for virtually any issue. Plus they have a simple tracking system of cashback rewards, with a good App and web UI/UX.

American Express True Cashback Card / American Express International

A great cashback card for people who are making large expensive life commitments

As is the case with most unlimited cashback cards, the Amex True Cashback Card is a great cashback card for people who are making hugely expensive life transitions. For example paying for a 5-star hotel wedding banquet or moving into a new home type of purchases would fit perfectly with this card.

American Express True Cashback Card / American Express International

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

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.

American Express True Cashback Card / American Express International

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

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.

American Express True Cashback Card / American Express International

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

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.

American Express True Cashback Card / American Express International

1.5% cashback rate is offered with no strings attached.

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.

American Express True Cashback Card / American Express International

Recommending Forums

I am a student and want to reap extra benefits like air miles when I use my card to pay my school fees, which card will benefit me?

American Express True Cashback Card

I know there are many but what is the best credit card to use to book Singapore Airlines for cash back?

American Express True Cashback Card

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

American Express True Cashback Card

Related Forums

What skills should I have to be a good investor?

How should I invest on my medical supplements using a credit card?

I'm investing on a farm abroad by using my credit card.I got scammed

What are Stocks?

What is the best unlimited mobile data plan in Singapore?

What are thee companies that offer monthly investment plans and who are the individuals who should get these plans?

Related Reviews

Customer care service at top notch

This is my first credit card and I was pleased with the process as the application was absolutely stress free and smooth with customer care service at top notch. I actually felt taken care of and it appeared I could rely on customer care service for virtually any issue. Plus they have a simple tracking system of cashback rewards, with a good App and web UI/UX.

American Express True Cashback Card / American Express International

I can enjoy Interest rates starting from 5.80% p.a.

I love that I can enjoy Interest rates starting from 5.80% p.a. (EIR 11.38% p.a.) on their 12-month instalment plan which allows for fixed monthly repayments.The monthly repayment for your Cash-on-Instalments is fixed, allowing you to manage your finances with ease of mind. That works perfect for me as it helps me to be more organized and I give them thumbs up.

NTUC Plus! Visa Credit Card / Oversea-Chinese Banking Corporation

When I apply via MyInfoget I get to use my card instantly

So it is really convenient that I can get and use my card instantly when I apply via MyInfo. And the cards instant digital card that can be used for mobile wallets, online and mobile app purchases. Now aside from the same day physical credit card issuance for online applications you also get S$50 cash rebate upon approval with no minimum spend required. However that is only for new OCBC Credit Card applications.

OCBC Robinsons Group Credit Card / Oversea-Chinese Banking Corporation

Emergency legal and medical assistance

Seldom would you find a card that has your best interest at heart as the AMEX Express Platinum Reserve Credit Card with its Emergency legal and medical assistance even when you are anywhere in the world. You can enjoy privileges around the globe with Live the World and American Express with all round protection against accidental damage or theft for your purchases.

American Express Platinum Reserve Credit Card / American Express International

Zero Travel Related Online Merchants

The Citi SMRT card is a pretty decent card for spending but they unfortunately exclude travel related online merchants. This to me is the downside of the card and may be a reason to get another card for travel websites.

Citi Prestige Card / Citibank Singapore

Ease of use to accumulate on miles

The American Express Krisflyer Credit Card has an attractive sign up bonus and it is easy to use to accumulate on miles as no conversion into KF account is required, and monthly auto “sweeping” of miles help save in the conversion fee. I also have had good experiences with their customer care service as the call center service is absolutely awesome.

American Express Singapore Airlines KrisFlyer Credit Card / American Express International