The Amex True Cashback Card is a low-effort that is super you 1.5% cashback on practically what you devote to, and there’s no limitation to exactly how much cashback you could get on a monthly basis.
WhatвЂ™s more, in the 1st a few months of card account, you obtain 3% cashback on as much as $5,000 spending. ThatвЂ™s about $150 of money rebates .
Therefore could be the Amex Cashback that is true Card all itвЂ™s cracked around be? LetвЂ™s research:
Amex real Cashback Card terms & conditions
American Express Real Cashback Card
Limitless Cashback – No min spend & no limit
3% Cashback for the very first half a year as much as S$5,000 invest, and 1.5% Cashback on all acquisitions thereafter
Additional 1% Cashback on foreign exchange invest. Valid from 4 August 2020 to 30 June 2021
Qualified to receive use with Apple Pay, Bing Pay, Samsung Pay
The way the Amex Real Cashback Card works
Well, thereвЂ™s not much to explain. You will get 3% cashback on all you expend on in the 1st six months, as much as $5,000. Later, you can get 1.5% cashback.
At first, the cashback price of 1.5percent is not that impressive, perhaps not whenever other cards are providing cashback prices since high as 6% to 9per cent.
But upon better assessment, cards that provide really high cashback prices frequently just do therefore susceptible to two conditions: investing in a few categories, and that you satisfy their minimum spending requirements.
Which means a certain card might restrict their ample cashback rate to particular groups (age.g. online acquisitions just), and/or need you to invest at the very least $600 a month to be eligible for the cashback. Continue reading American Express Real Cashback Card вЂ“ MoneySmart Review 2019