Compare the Best American Express Credit Cards in Singapore 2018

Updated June 2018

Looking for the best American Express credit card in Singapore? Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool.

American Express Singapore Airlines KrisFlyer Credit Card
American Express Singapore Airlines KrisFlyer Credit Card

S$1 = 1.1 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3.1 Miles

Grab and Uber rides

  • Get up to 30,500 Bonus KrisFlyer Miles
  • Get S$150 cashback at Singapore Airlines

Key Features

  • S$1 = 1.1 KrisFlyer miles (Local)
  • S$1 = 2 KrisFlyer miles (Overseas) during June and December
  • S$1 = 3.1 KrisFlyer miles for Grab and Uber rides, capped at S$200 per month
  • Receive 5,000 bonus KrisFlyer miles when you first charge to your card
  • Get an additional 6,000 bonus KrisFlyer miles when you spend S$2,000 within 3 months of card approval
  • First Year Fee Waiver
  • Eligible with Apple Pay

Annual Rates

Principle Annual Fee
$177
Supplementary Annual Fee
53.5
Fee Waiver
First Year Fee Waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
American Express Singapore Airlines KrisFlyer Ascend Credit Card
American Express Singapore Airlines KrisFlyer Ascend Credit Card

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3.2 Miles

Grab and Uber rides

  • Get up to 48,000 Bonus KrisFlyer Miles

Key Features

  • Earn 5,000 KrisFlyer miles upon first spend with your new card
  • Earn an additional 13,000 KrisFlyer miles with your first S$5,000 spend in the first 3 months of Card approval
  • Earn another 6,000 KrisFlyer miles with your second S$5,000 spend in the first 3 months of Card approval
  • 1.2 KrisFlyer Miles = S$1 for all eligible card spend
  • 2 KrisFlyer Miles = S$1 in foreign currency spent overseas on eligible purchases in June & Dec
  • 3.2 KrisFlyer Miles = S$1 for Grab and Uber rides, capped at S$200 per month
  • Spend above S$15,000 on eligible purchases on singaporeair.com within first 12 months of Card approval and get upgraded to KrisFlyer Elite Gold Membership
  • Enjoy 500 bonus KrisFlyer miles on your first Grab booking with your KrisFlyer Ascend as the default payment card, valid till 30 Jun 2018
  • Up to $1 million travel insurance coverage

Annual Rates

Principle Annual Fee
$337
Supplementary Annual Fee
80.25
Fee Waiver
First year fee waiver for supplementary card
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$50,000
Non-Singaporean Minimum Income
$60,000
American Express CapitaCard
American Express CapitaCard

S$1 = 10X STAR$

at participating Merchants at CapitaLand Malls

S$1 = 5 STAR$

on All Other Spend

S$50 CapitaVoucher

converted from 50,000 STAR$

Key Features

  • Earn 6X STAR$ at CapitaLand Malls; valid till 31 Mar 2018
  • 3-hour complimentary parking across 15 CapitaLand Malls with min spend of S$1,200 per month
  • First year fee waiver
  • Eligible for use with Apple Pay

Annual Rates

Principle Annual Fee
$171
Supplementary Annual Fee
85.6
Fee Waiver
1 year fee waiver and perpetual fee waiver for first 2 Supplementary cards
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
American Express Platinum Credit Card
American Express Platinum Credit Card

S$1.60 = 10 Points

at participating Platinum EXTRA Partners

S$1.60 = 2X Points

on All Other Spend

1 Point = 0.55 Miles

Rewards to Miles Conversion

Key Features

  • Love Dining @ Restaurants: 50%, 35%, 15% savings when dining with 1 friend, 2 friends, and alone respectively
  • Enjoy savings at artfully curated restaurants and Singapore's finest hotels with Love Dining
  • Love Dining @ Hotels: Discounts applicable for groups up to 19 pax at Raffles Hotel Singapore, Shangri-La Hotel Singapore, The St. Regis and more
  • With Love Dining @ Hotels, receive a complimentary The Far Card Classic Membership entitling special savings for unlimited visits at choice of 10 restaurants at Singapore's finest hotels
  • Charge S$4,500 to your card at Platinum EXTRA Partners to earn enough points for an Economy Class return ticket to Bali
  • Eligible for use with Apple Pay

Annual Rates

Principle Annual Fee
$321
Supplementary Annual Fee
160.5
Fee Waiver
Perpetual fee waiver for first 2 supplementary cards
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$50,000
Non-Singaporean Minimum Income
$60,000
American Express True Cashback Card
American Express True Cashback Card

1.5%

Cash Back on All Spend

Unlimited

Cash Back Cap

S$0

Min. Spend per month

Key Features

  • 1.5% Cashback on any purchase you make, anytime
  • First year fee waiver and 3% Cashback for the first 6 months up to $5000 spend
  • Eligible for use with Apple Pay
  • Book with American Express Cards and enjoy attractive offers on hotels and flight bookings with ZUJI Singapore: 12% savings at participating hotels, 2% rebate on all flight bookings

Annual Rates

Principle Annual Fee
$171
Supplementary Annual Fee
85.6
Fee Waiver
1 year fee waiver for Principal card, perpetual fee waiver for first 2 supplementary cards
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$60,000
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The Best Credit Card for You? 3 Steps to Help You Decide

The best credit card for you depends on your lifestyle and regular spending habits. Here are 3 steps to help you decide which credit card is best for you.

Step 1

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and spend a lot on dining out, then it makes sense to get a card with double rewards points for eating out and useful perks like 1-for-1 deals at restaurants.

Step 2

Plan how to use your credit card benefits

Credit cards come with a whole plethora of benefits for cardholders. You’ll need to narrow things down by focusing on the benefits that you would actually use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter, so it’s worth considering how you like to be rewarded.

Step 3

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2-4% of the amount transferred.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Foreign Transaction Fees

Charged for transactions processed outside of Singapore, whether while you’re travelling or making an online purchase. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Did you know?

Paying the Minimum Balance Can Be Very Costly

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Your Credit Card Behaviour Affects Your Credit Score

If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

More From The MoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.