Nerfed: AMEX True Cashback card to stop awarding cashback for Grab wallet top-ups


American Express True Cashback cardholders have enjoyed earning1.5% cashback on Grab wallet top-ups, to essentially earn the cashback amount on certain spending categories like Insurance, School and Hospital fees, where AMEX cards are not accepted.

Soon, this will no longer be possible.

No more cashback for Grab wallet top-ups

From 4 April 2023, cashback/points will no longer be awarded for Grab wallet top-ups made with the AMEX True Cashback and AMEX Highflyer card.

Click here for the updated list of exclusions on AMEX cards.

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Alternative for Grab wallet top-ups

Not too long ago, UOB announced that it will drop the cashback on Grab wallet top-ups from 1.7% to 0.3%. At the moment, this is the only card that offers cashback for this purpose.

UOB Absolute Cashback Card

Suitesmile card rating:

Sign-up bonus

$300 cash

more info

Key benefit

Get 1.7% cashback
on all spending

more info

Annual fee

(first year waived)

more info

Min. Income


more info

Why we like this card
Get 1.7% cashback from payments to any merchant that accepts AMEX cards.

Bottom line

From 4 April 2023, AMEX Singapore cardholders can no longer earn cashback/points across all cards.

UOB Absolute Cashback card remains as the only card that offers this benefit. But, with a mere 0.3% cashback, is it still worth keeping the card?

Is the Grab card still useful? Not to me, and I couldn’t be happier to have $0.78 in my Grab wallet.

It’s been a fun ride. I’m sure some of you remember earning 10% cashback and 4 MPD on Grab wallet top-ups, which can then be transferred to Revolut, where cash can be withdrawn overseas, for free.

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