Get up to S$180 CapitaVouchers with a new AMEX True Cashback Card- no min. spend; existing customers welcome


From now till 31 Oct, get S$120/180 of CapitaVouchers when approved for an AMEX True Cashback Card- both new and existing customers welcome.

American Express has brought back its very generous sign-up offer for the AMEX True Cashback Card, open to both new and existing AMEX customers. 

Successful applicants will receive S$120/180 CapitaVouchers when they spend at just S$1 within the first month of approval, simple as that. 

AMEX True Cashback Offer

Apply Here
Income Req.Annual FeeCashback Rate
S$30,000S$171.20 (first year free)1.5%*
*3% for the first 6 months, capped at S$5,000

Customers who apply for an AMEX True Cashback Card via The Milelion from 27-31 October 2021 (with approval by 14 November 2021) will receive the following:

  • New AMEX customers: S$180 CapitaVouchers
  • Existing AMEX customers: S$120 CapitaVouchers

All they need to do is make one transaction of at least S$1 within the first month of approval:

💳 Definition: New AMEX Customer
Those who do not hold an existing personal American Express card, and have not cancelled any American Express card in the last 6 months. Corporate cards and AMEX cards issued by DBS, Citibank and UOB do not count.

CapitaVouchers will be sent within 12 weeks after the qualifying criteria has been met. 

AMEX True Cashback Card members will also earn a welcome bonus of 3% cashback on up to S$5,000 spent in the first 6 months of membership, double the usual 1.5%. 

The AMEX True Cashback Card’s first year annual fee of S$171.20 is waived. Cardholders who cancel their card within six months of approval will be charged the full value of the gift. 

Terms and Conditions

The T&C of this offer can be found here. New-to-card customers should refer to pages 1-2; existing customers should refer to pages 3-4. 

As these T&Cs will revert to the regular sign-up offer from 1 November 2021, I highly recommend you download and save a copy for your own reference. 

Why do you need an AMEX True Cashback Card?

Why would any miles collector need a cashback card?

It’s quite simple: rewards category exclusions. Unfortunately, banks have tightened their T&Cs over the past couple of years, and now it’s virtually impossible to earn rewards points for the following transactions:

American Express still offers rewards for charitable donations, education and government transactions, and the AMEX True Cashback Card in particular still offers cashback for insurance and utilities. 

Even if AMEX isn’t accepted by the merchant, you could always use the AMEX True Cashback Card is to top up your GrabPay Card and then make payment.

For example, you could top up your GrabPay balance with the AMEX True Cashback Card and use the GrabPay Mastercard to pay your insurance bill, effectively shaving 1.5% off the premium. Likewise, you could use the GrabPay Mastercard to pay a government agency or educational institution via AXS, saving 1.5% in the process. 

There are almost no rewards exclusions for the AMEX True Cashback Card, which makes it a very useful “catch-all” solution when other cards don’t earn points/cashback. 


Apply Here

The lack of a minimum spend requirement and the fact this offer is open to existing customers make it a slam dunk in my opinion. It doesn’t hurt that the AMEX True Cashback Card has plenty of use cases, even for a miles collector. 

Remember to submit your application by 31 October 2021 to be eligible. 

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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I just cancelled my AMEX true cash back card last month, Can I re-apply? (I dont have amex card now)


Same… I cancelled my AMEX True Cash Back card in January; So technically I am not a holder of the TCB card right now (point 2 of T&Cs for Existing Cardholders). Just not sure whether there’s a gestation period like “did not cancel the TCB in the last 6 or 12 months…” or does it not matter?

Aaron, would you possibly be able to seek some clarification on this? Or should I call in to check?


Would be great to get this offer extended!



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