Rare Deal: Get Additional Cash Gifts For Amex Cards – One Week Only

For a week only from 20th to 27th March 2024, get bonus cash gifts on top of usual sign-up rewards for American Express credit cards! There was a time when American Express shifted its focus to higher-end cards, but this seems to have changed with this rare deal.

Cashback deal: 3% cashback + S$200 cash

The Amex True Cashback card is as fuss-free a cashback card as it comes. You can get 1.5% cashback on anything you can charge to the card (aside from Grab top-ups). Your first S$5,000 in the first 6 months owning the card even comes with an upsized 3% cashback too.

Now is a great time to sign up for it as you can get as much as S$200 cash! Recent deals have seen CapitaLand or Dairy Farm vouchers of similar amounts being dangled, but remember: cash is king! But vouchers have an opportunity cost to them so I would say that the cash offer is the better deal.

Not sure what to spend on? Just buy S$500 grocery vouchers and you can get the S$200 sign-up reward plus S$15 cashback (based on the 3% cashback).

Hot deal: 17,000 miles + S$100 eCapitaVoucher + S$50 cash

Cash may be king, but if you’re into miles, this would be a great offer: get as much as 17,000 miles, S$100 eCapitaVoucher and S$50 cash for the Amex KrisFlyer card with just S$500 minimum spend! 17,000 miles is exactly enough for a return trip to Bali based on Singapore Airlines’ Saver redemption rate!

Similarly, an easy way to clock the spend requirement would be on S$500 of groceries voucher and you walk away with S$150 worth of sign-up goodies plus the miles!

KrisFlyer Ascend: 17,000 miles +S$300 eCapitaVoucher + S$100 cash

The older, higher-end brother to the Amex KrisFlyer card, Amex KrisFlyer Ascend requires an annual fee of S$343.35 and a higher minimum spend of S$1,000. In return, the sign-up bonuses are also bigger: get 17,000 miles + S$300 eCapitaVoucher and S$100 bonus cash.

Existing cardholders can qualify too with a lowered S$150 eCapitaVoucher reward on top of miles. Get up to 17,000 miles if you are a first-time Amex Singapore Airlines credit card applicant, or 12,000 miles if you have previously claimed the first-time 5,000 bonus miles before.

Amex KrisFlyer Ascend also comes with a complimentary one night stay at participating Hilton properties and 4 complimentary lounge visits a year. Until 31st May 2024, spend S$12,500 on all eligible purchases (including at least S$2,500 on Singapore airlines bookings) and you can be fast-tracked to KrisFlyer Elite Gold membership which gets you perks like priority boarding and Star Alliance Gold lounge access worldwide.

Which to pick

If you’re purely into cashback, there is only one option here so there’s not much to choose from. Amex True Cashback is a great card to use for things like renewing road tax or passport where most other cards don’t give their rewards.

The miles offers, though, are quite interesting. The base Amex KrisFlyer card is a lot more fuss-free with a first-year fee waiver and just S$500 of minimum spend but the Ascend gives quite a bit of value for its annual fee. If you are able to use the perks given by the Ascend, I would say go for that since your annual fee is more than made up by the bonus gifts given.

What to spend on?

You need to meet the minimum spend to qualify for rewards. Do note that there are transactions which are excluded. Read the terms and conditions carefully when applying.

Generally, retail transactions like buying stuff or dining out are very safe. Things like bill payments, education expenses and CardUp or ipaymy become a lot iffier and depends on the bank your card is from.

Do check out this article on what you can spend on to meet the minimum spend:

More promos coming

Aside from Amex offers, I’ve also heard of deals coming in the month of March and beyond. Stay subscribed so you don’t miss them!

Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.

He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.

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