American Express True Cash Back Card

[really_noob]

Besides the cashback on same month vs next month, I have AMEX TCB (1.5%). I get to save some offers on AMEX app ($5 off telco bills etc.) Not sure if the UOB folks have the same.

 

[reddevil0728]

Besides the cashback on same month vs next month, I have AMEX TCB (1.5%). I get to save some offers on AMEX app ($5 off telco bills etc.) Not sure if the UOB folks have the same.

if you spend big enough of an amount 0.2% can be very material in absolute terms

 

[vegavega25]

if you spend big enough of an amount 0.2% can be very material in absolute terms

Haha, it is all relative isn't it?

 

[reddevil0728]

Haha, it is all relative isn't it?

Yep it is.

but just suggesting the other perspective

 

[crystalnox]

so you guys prefer Amex True Cashback or Uob Absol? hmm torn between the 2 cos the Uob Absol gives 1.7% cashback but credits next mth...

Why not both? Amex for app offers from time to time, UOB Ab for 0.2% more. 1.7% is so low anyway, won’t earn any bank interest from getting it one month later.

 

[iduncheckmail]

Besides the cashback on same month vs next month, I have AMEX TCB (1.5%). I get to save some offers on AMEX app ($5 off telco bills etc.) Not sure if the UOB folks have the same.

Apply either when there is sign up offer. 1yr later sign up the other one. Cancel the prev , rinse n repeat

 

[reddevil0728]

Why not both? Amex for app offers from time to time, UOB Ab for 0.2% more. 1.7% is so low anyway, won’t earn any bank interest from getting it one month later.

Depends on how much 0.2% is in dollar terms right

 

[x_men_naruto96]

0.2% of $30k a year is $60. You see for yourself if that is more worthy for you

 

[heng_ah]

0.2% of $30k a year is $60. You see for yourself if that is more worthy for you

After nett off AMEX app offers ($5 off telco bills, utility bills, etc.) for several months, the gap is not that big.

 

[dan1982]

UOB Amex annual fee easy to waive? Amex waived for me this year so I continue to use. Cos I cancelled my UOB when they did not wanna waive annual fee a few years back.

 

[reddevil0728]

UOB Amex annual fee easy to waive? Amex waived for me this year so I continue to use. Cos I cancelled my UOB when they did not wanna waive annual fee a few years back.

different people, spending pattern different. really depends on your circumstances.

 

[CHIA0019]

Does topping up shopee pay count as "online shopping" for the Amex app offer?

 

[Rong626]

Does topping up shopee pay count as "online shopping" for the Amex app offer?

Click on offer, click read offer terms, click on participating merchants

 

[CHIA0019]

I already did but cant find

 

[Rong626]

Then it's not eligible?

 

[the.guru]

Original AMEX's foreign exchange rate is still lower compared to VISA even though the rebate is 1.5% only. I made 2 Japanese yen transactions and posted on same day 25/10/22, seen on 26/10/22.

The amount is 34930 yen.
AMEX post S$345.32, after rebate 1.5%, I pay $340.14. AMEX has 2.95% conversion fee.

StanChart SPREE post $353.45, after 3% rebate for online txns, I pay $342.85. SPREE has 3.5% conversion fee.

The exchange rate is lower for AMEX: 1 yen = S$0.00960277, before 2.95% conversion fee.
For VISA, 1 yen = S$0.0097766471, before 2.95% conversion fee.

 

[demoforce1]

Original AMEX's foreign exchange rate is still lower compared to VISA even though the rebate is 1.5% only. I made 2 Japanese yen transactions and posted on same day 25/10/22, seen on 26/10/22.

The amount is 34930 yen.
AMEX post S$345.32, after rebate 1.5%, I pay $340.14. AMEX has 2.95% conversion fee.

StanChart SPREE post $353.45, after 3% rebate for online txns, I pay $342.85. SPREE has 3.5% conversion fee.

The exchange rate is lower for AMEX: 1 yen = S$0.00960277, before 2.95% conversion fee.
For VISA, 1 yen = S$0.0097766471, before 2.95% conversion fee.

how about master card exchange rate?

 

[crystalnox]

how about master card exchange rate?

You can check that any time yourself:
https://www.mastercard.com/global/en/personal/get-support/convert-currency.html

 

[demoforce1]

You can check that any time yourself:
https://www.mastercard.com/global/en/personal/get-support/convert-currency.html

Thanks, MC is better.
MC , 1 United States Dollar = 1.414384 Singapore Dollar
Visa , 1 USD = 1.41489859 SGD

 

[Hippocrates]

Thanks, MC is better.
MC , 1 United States Dollar = 1.414384 Singapore Dollar
Visa , 1 USD = 1.41489859 SGD

Can’t just look at the exchange rate. The difference across networks is typically small compared to the difference in foreign currency transaction fee charged by various banks. Cards issued directly by AMEX has an advantage compared to most other banks: https://milelion.com/2022/05/11/best-cards-for-overseas-spending/