American Express Platinum Credit Card

American Express Platinum Credit Card

LUCKY DRAW | Membership Rewards Point never expire
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
MoneySmart Exclusive

[LUCKY DRAW | 1 to 23 July 2024]
Get up to 3 chances to win a 3 Day 2 Night stay at Capella Ubud, Bali (worth up to USD4,000) or a Samsonite Choca Spinner 68/25 Luggage (worth S$700) when you apply for the Platinum Credit Card and meet the requirements in the MoneySmart x American Express Lucky Draw! T&Cs apply.
 
[American Express Welcome Offer | 1 to 31 July 2024]
New to American Express cardholders can get S$300 cashback* from AMEX (in the form of Statement Credits) when you pay the card's annual fee and spend a min. of S$1,000 within first month of card approval.
 
Existing cardholders can get S$200 cashback* from AMEX (in the form of Statement Credits) when you pay the card's annual fee and spend a min. of S$1,000 within first month of card approval. T&Cs apply.

Valid until 23 Jul 2024 - See more details below

Are you eligible?

    • MoneySmart x American Express Lucky Draw promotion is valid from 01-July-2024 to 23-July-2024

    • American Express online promotion offer is valid from 01-July-2024 to 31-July-2024

    • MoneySmart Exclusive Lucky Draw is only applicable for New to American Express® Platinum Credit Card Members only

    • Customers need to apply through MoneySmart to be eligible

    • Pay the Annual Fee of S$327 (inclusive of 9% GST) in the first statement

    • Charge a minimum of S$1,000 in eligible transactions to your credit card within the first one (1) month from Card approval date

What you need to know

  1. New to American Express cardholders can get S$300 cashback* from AMEX (in the form of Statement Credits) when you pay the card's annual fee and spend a min. of S$1,000 within first month of card approval. T&Cs apply.

  2. Existing cardholders can get S$200 cashback* from AMEX (in the form of Statement Credits) when you pay the card's annual fee and spend a min. of S$1,000 within first month of card approval. T&Cs apply.

  3. Earn 1,250 Membership Rewards® points. Awarded on the S$1,000 of Qualifying Spend (based on 2 Membership Rewards® points for every S$1.60 spent)

  4. Stand a chance to win a 3 Day 2 Night stay at Capella Ubud, Bali (worth up to USD4,000) or a Samsonite Choca Spinner 68/25 Luggage (worth S$700) when you meet the requirements in the MoneySmart x American Express Lucky Draw! T&Cs apply.

  5. Get up to 3 chances for the Lucky Draw when you apply and spend on your American Express® Platinum Credit Card

  6. Log into your MoneySmart account and submit your claim with your Unique Reference Number (xxxxxxxxxxxxxxSGD) by 30th July 2024.

  7. Bank T&Cs and go.amex.sgexclusions apply.

  8. Eligible Customers who qualify for the MoneySmart promotion of (Gift), are not eligible for the Welcome Offers stated on Amex website.

  9. MoneySmart exclusive gifts and rewards do not stack with external or third party promotions unless otherwise stipulated. Kindly refer to T&Cs for details

T&Cs
FAQ
Claim Form

Quick Facts

Get the maximum value by

Accelerating your rewards through sign-up bonuses, statement credits, Love Dining by Platinum and 10Xcelerator by Membership Rewards.

Good for

People who are looking to elevate their lifestyle with premium dining privileges and accelerated earning on retail spend with premium fashion brands

Categories to maximise this card

Dining, retail and everyday spending

What people use it for

Dining, retail and everyday spending

Get if

You enjoy the finer things in life such as dining, nightlife, shopping and travelling, and driven by a thirst for fun and adventurous experiences.

All Details

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

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.

Pros & Cons

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

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.

AMEX Platinum Card UOB Lady's CardSCB 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)
Minimum annual income:
  • Undisclosed, only available upon request from AMEX
Minimum annual income:
  • $30,000 for Singaporeans and PRs
  • $40,000 for foreigners
Minimum annual income:
  • $30,000 for Singaporeans and PRs
  • $60,000 for foreigners
Rewards benefits:
  • 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
  • Membership Rewards Points conversion to frequent flyer miles from airline partners like Asia Miles, British Airways Executive Club, Emirates Skywards, Singapore KrisFlyer and more
  • Waiver of the miles transfer fee available
  • Up to S$200 shopping and lifestyle credits every year, and complimentary Comoclub Membership
  • 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
  • $300 welcome statement credits
  • Up to $479 worth of complimentary green fees and special benefits with AMEX's exclusive Golf Programmes.
  • Purchase protection for shopping expenditure inclusive of up to $10,000 per theft/damage
  • Access to over 200 rewards in AMEX's Membership Rewards Catalogue with AMEX mobile app
  • Complimentary travel insurance
  • No expiry of earned Membership Rewards Points
Rewards benefits:
  • 10X UNI$ (4 miles per S$1) on on 7 spending categories including groceries, dining, travel, beauty and wellness, dining, and more
  • Additional up to 15X UNI$ (6 miles per S$1) when you save with UOB Lady's Savings Account
  • Complimentary e-Commerce insurance coverage and travel insurance
  • UOB Lady’s Card members’ special birthday month discounts
  • Convenience of converting UNI$ into air miles at the conversion rate of UNI$1 = 4 miles
  • Ease of redeeming UNI$ on UOB TMRW to offset bills and purchases for 7 different spending categories every quarter
  • 1,800 UNI$ points cap per month
Rewards benefits:
  • 10X rewards points for every S$1 spent in foreign currency
  • 5X rewards points for every S$1 spent locally
  • 1X reward point for every $1 spent on all other categories
  • First-year annual fee waiver available
  • Discounts and privileges at over 3,000 outlets from dining offers to shopping, travel and lifestyle benefits
  • Cashback/Reward points/Bonus Interest on IRAS, Education, Insurance & Rental payment via SC EasyBill
  • 360° Rewards Point capped at 20,000 points per year (points earned can be converted to cashback or KrisFlyer miles)
  • 360° Rewards Points awarded are valid for 3 years from the date of opening of the credit card account
  • No minimum spend requirement

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

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.