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 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

    American Express True Cashback Card / American Express International

    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.

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

    American Express True Cashback Card / American Express International

    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.

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

    American Express True Cashback Card / American Express International

    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

    American Express True Cashback Card / American Express International

    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

    American Express True Cashback Card / American Express International

    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.

    American Express True Cashback Card / American Express International

    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.

    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 is the best unlimited mobile data plan in Singapore?

    What are the different types of stock?

    What will happen if a foreigner borrows money from unlicensed money lenders?

    What exactly does liquidation do for me and why would I ever consider?

    Are there free sim plans in Singapore?

    How do I buy and sell my bonds?

    Related Reviews

    Zero Travel Related Online Merchants

    Citi Prestige Card / Citibank Singapore

    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.

    Close to 6.5% rebates on dining

    American Express CapitaCard / American Express International

    I have held this card for quite a long time and one thing I like about the card is the fact that it is used for CapitaLand malls and they are almost everywhere. So I enjoy dining taking advantage of the 10x rewards merchants to accumulate the points faster. Imagine getting close to 6.5% rebates on dining. Not to forget their sign up bonus of $60 rebates in vouchers when you spend $1,500. That's a 4% rebate excluding the points you will earn which will convert into vouchers too.

    Earn up to 1% rebate on your purchase

    OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation

    If you target to spend on major event tickets and high price items with the plan to split by instalment then this card is for you. However I notice that if you have an existing OCBC saving account, it makes bill payments much more seamless. And aside from being able to split payment into monthly instalments interest free, you can earn up to 1% rebate on your purchase. Only few cards in the market that allow auto convert spending into interest free instalment and still be entitled to 0.5% or 1% cash rebate.

    Earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC

    OCBC Plus! VISA Credit Card / Oversea-Chinese Banking Corporation

    Even as the OCBC Plus! Visa is not a cashback card, thus there is no cap, or "maximum" cash back, you get to still earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC. However do note that there is a minimum spend of $500 in places outside NTUC before the full range of rebates and LinkPoints can be unlocked.

    Family Package Rewards

    HSBC VISA Platinum Credit Card / HSBC Bank Singapore

    My family had a really fun time with the 10% off Siam Adventure Club Family Package Booking which came with breakfast for 2 adults and up to 2 kids with a Kids room setup in room and full access to kids activities. We even enjoyed daily evening drinks for whole family on selected menu from 5pm to 6pm.

    Earnings of 1.3 KrisFlyer miles for every S$1 spent locally

    American Express Singapore Airlines PPS Club Credit Card / American Express International

    This card offers a few thrills if you are one for accumulating miles as you can earn 1.3 KrisFlyer miles for every S$1 equivalent in foreign currency spent overseas on eligible purchases up to S$3,800 each month. On such purchases above S$3,800 each month, you can earn 2 KrisFlyer miles. Furthermore the card allows earnings of 1.3 KrisFlyer miles for every S$1 spent locally in Singapore dollars on eligible purchases up to S$3,800 each month. On such purchases above S$3,800 each month, earnings are 1.4 KrisFlyer miles. Highly recommended for those who seek to accumulate miles.