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American Express Platinum Credit Card
American Express Platinum Credit Card
Membership Benefits worth more than S$1,600!
The American Express Platinum Credit Card is tailored for affluent individuals seeking premium perks and privileges. Cardholders can earn Membership Rewards points on their spending and enjoy a range of benefits including complimentary airport lounge access, travel insurance coverage, and exclusive dining privileges.
- 10 Membership Rewards Points
- for every full S$1.60 spend at participating Platinum 10Xcelerartor Partners
- 2 Membership Rewards Points
- for every full S$1.60 spend on All Other Spend
- 1 Point = 0.55 Miles
- Rewards to Miles Conversion
All Details
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American Express Platinum Card Benefits 2024
American Express (AMEX) offers a range of lifestyle rewards credit cards, ranging from premium options like The Platinum Card and The American Express® Singapore Airlines PPS Club Credit Card, to convenient everyday cards such as the AMEX Platinum Card.
The AMEX Platinum Card includes perks like complimentary airport lounge access, travel insurance coverage, exclusive dining privileges, a S$200 annual Lifestyle Credit, a Comoclub C4 membership, and a great welcome offer, which is now available even to existing AMEX cardholders. Moreover, you can get up to 10 Membership Rewards Points for every $1.60 spent on categories with AMEX Platinum 10Xcelerator partners.
If you’re still considering whether to get this card, let's dig deeper to see if its benefits suit your lifestyle and spending habits by looking into its requirements, advantages, and disadvantages.
The AMEX Platinum Card includes perks like complimentary airport lounge access, travel insurance coverage, exclusive dining privileges, a S$200 annual Lifestyle Credit, a Comoclub C4 membership, and a great welcome offer, which is now available even to existing AMEX cardholders. Moreover, you can get up to 10 Membership Rewards Points for every $1.60 spent on categories with AMEX Platinum 10Xcelerator partners.
If you’re still considering whether to get this card, let's dig deeper to see if its benefits suit your lifestyle and spending habits by looking into its requirements, advantages, and disadvantages.
Pros & Cons Of AMEX Platinum Credit Card
Pros
- Up to 10 Membership Rewards Points for every $1.60 spent at participating Platinum 10Xcelerator Partners (equivalent to 5.5 miles)
- 2 Membership Rewards Points for every $1.60 spent on all other categories
- Flexibility to convert reward points to air miles with a conversion rate of 1 Membership Rewards Point = 0.55 miles
- Convert Membership Rewards Points for frequent flyer miles from airline partners like Asia Miles, British Airways Executive Club, Emirates Skywards, Singapore KrisFlyer and more
- Permanent waiver of the miles transfer fee (worth S$40)
- Up to 50% savings at selected restaurants in some of the best luxury hotels in Singapore such as Fairmont Singapore, Swissôtel The Stamford Singapore and St. Regis Singapore with Love Dining @ Hotels by Platinum
- 90-days purchase protection for your shopping expenditure including up to $10,000 per theft/damage
- $300 welcome statement credits
- Up to S$200 shopping and lifestyle credits every year, and complimentary Comoclub Membership (worth S$260)
- Up to $479 worth of complimentary green fees and special benefits with AMEX's exclusive Golf Programmes.
- Access to over 200 rewards in AMEX's Membership Rewards Catalogue with AMEX mobile app
- Complimentary travel insurance
- No expiry of earned Membership Rewards Points
Cons
- Base interest rate of 27.80%, which is higher than some rewards and miles credit cards in the market
- Min. spend of S$1,000 in the first month of card approval (if you are new to American Express) is required to qualify for the $300 statement credits
- No annual fee waiver available
Find Out More About The AMEX Platinum Credit Card In Our Blog Review!
Compare AMEX Platinum Credit Card vs. UOB Lady's Card vs. Standard Chartered Rewards+ Card
The AMEX Platinum Card and the UOB Lady’s Card are almost on par when it comes to their attractive miles earn rate (when converted from the number of reward points awarded for a wide variety of spending categories). The AMEX Platinum Card offers slightly more miles i.e. 10X Membership Rewards Points (5.5 miles) versus UOB Lady’s i.e. 10X UNI$ (4 miles per S$1) + additional up to 15X UNI$ (6 miles per S$1 only if you save with UOB Lady's Savings Account).
As compared to the UOB Lady’s Card and Standard Chartered Rewards+ Card, it gives the most flexibility on earning of rewards points, with no cap on earned AMEX Membership Rewards points every year, unlike the UOB Lady's Card that has a cap of reward points per month, and Standard Chartered Rewards+ Card’s cap of 20,000 reward points cap per year (which breaks down to about 1,667 reward points per month).
In terms of interest rates, the Standard Chartered Rewards+ Card has the highest — 27.90% p.a., but the AMEX Platinum Card charges the highest annual fee that is non-waivable.
In a nutshell, the AMEX Platinum Card is great for consistent high-spenders who know which spending category in the over 50 Platinum 10Xcelerator participating partners, to maximise the 10X Membership Rewards Points (5.5 miles), and the range of luxury, dining, shopping, and travel-related benefits that comes with it.
As compared to the UOB Lady’s Card and Standard Chartered Rewards+ Card, it gives the most flexibility on earning of rewards points, with no cap on earned AMEX Membership Rewards points every year, unlike the UOB Lady's Card that has a cap of reward points per month, and Standard Chartered Rewards+ Card’s cap of 20,000 reward points cap per year (which breaks down to about 1,667 reward points per month).
In terms of interest rates, the Standard Chartered Rewards+ Card has the highest — 27.90% p.a., but the AMEX Platinum Card charges the highest annual fee that is non-waivable.
In a nutshell, the AMEX Platinum Card is great for consistent high-spenders who know which spending category in the over 50 Platinum 10Xcelerator participating partners, to maximise the 10X Membership Rewards Points (5.5 miles), and the range of luxury, dining, shopping, and travel-related benefits that comes with it.
| AMEX Platinum Card | UOB Lady's Card | SCB Rewards+ Credit Card |
|---|---|---|
| Interest rate: 27.80% | Interest rate: 27.80% | Interest rate: 27.90% |
| Annual fee: $327 (no waiver available) | Annual fee: $196.20 (first year waiver available) | Annual fee: $196.20 (first year waiver available) |
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Compare The Best Rewards Cards Here!
AMEX Platinum Card Application
Here are 3 simple steps to apply for the AMEX Platinum Card
Step 1
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our AMEX Platinum Card application link.
When you choose to apply online via SingPass MyInfo, AMEX will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Step 2
Provide all documentation required
You’ll need to provide all the necessary documentation in order for AMEX to approve your credit card application. This list of documents include:
- NRIC or other identification details
- Latest computerised payslip
- Latest 12 months’ CPF Contribution History Statement
- Latest Income Tax Notice of Assessment (NOA)
Step 3
Receive your AMEX Platinum Card
Once your card gets approved, you will receive it in the next 3 to 5 business days. Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback rewards and credit card statements with your AMEX mobile app!
Frequently Asked Questions About AMEX Platinum Credit Card
Are there any fees if I apply for the AMEX Platinum Card?
- The AMEX Platinum Card charges an initial annual fee of $327 (no waiver available), and other fees like supplementary card annual fee, late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.
Am I eligible for the AMEX Platinum Card?
- If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the AMEX Platinum Card, as long as you’re aged 21 and above, and earn a minimum annual income that meets the requirements and internal assessment criteria by AMEX.