Upsized Offer: Get S$200 and 3% Cashback on Nearly Anything With Amex True Cashback
The flash deal for American Express cards was supposed late March, and it did, save for the exception of Amex True Cashback. The cashback card’s upsized S$200 offer for new cardholders was extended until 21st April 2024 and this comes at a fitting time given how its close cousin, UOB Absolute, is going to to be significantly worse soon. On top of the upsized cash gift, enjoy a boosted 3% cashback earn rate for a limited time!
💳 A new American Express customer refers to cardholders who do not currently have a Basic Amex Card and have not cancelled any in the past 12 months.
If your Amex card was issued by a bank, you still qualify as a new cardholder. For example, if you have a UOB Amex Card or DBS Amex Card, you still count as a new customer to Amex as long as you do not have a Basic Amex Card.
Promo Details
Sign up below and fill up the SingSaver Rewards Form to secure your sign-up gift. Make sure to meet the minimum spend requirement. Also, new cardholders of the Amex True Cashback card gets an increased earn rate of 3% cashback for the first S$5,000 spend made in the first 6 months.
American Express True Cashback
New Cardholders, choose 1:
- S$120 Shopee Vouchers
- 4 × Apple AirTags (retailing S$149)
Plus: upsized 3% cashback capped at first S$5,000 spend within 6 months from card approval
Spend at least S$500 within first 30 days of card approval. Make sure to fill up SingSaver Rewards Redemption Form.
Latest date to apply: 30th June 2025
1.5% cashback on transactions except Grab top-ups
Cashback on anything but Grab top-ups
While most other cards have long lists of exclusions and don’t give rewards on things like education, insurance, or hospital bills, Amex True Cashback has a delightfully short list of exclusions (Page 5).
As long as you can find a place that accepts American Express and you make your spending, you will get your cashback provided you are not topping up your Grab wallet or splitting the purchase into instalments with Amex.
This means that things like paying for your road tax, insurance policies, school fees and healthcare costs would work.
Promo ends soon
Being a great way to pay for things commonly excluded by other credit cards is reason enough to own this card. The upsized welcome gift, increased cashback rate for the first 6 months and its closest competitor being nerfed make for very compelling reasons to get this card now. There was a long and lengthy period this card didn’t see much welcome offers, so you would to get this card while the deal is hot.
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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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