American Express The Platinum Card®

American Express The Platinum Card®

LUCKY DRAW | Membership Rewards Point never expire
The American Express Platinum Card is a prestigious charge card designed for individuals seeking luxury and convenience. Cardholders can earn Membership Rewards points on their spending, redeemable for a variety of rewards. Enjoy complimentary airport lounge access, comprehensive travel insurance, and exclusive dining privileges. Access a dedicated concierge service for personalized assistance 24/7, and receive special perks at luxury hotels worldwide.
Earn 5 Membership Rewards® Points
for every S$1.60 spent with Singapore Airlines and Scoot
Earn 20 Membership Rewards® points
for every S$1.60 spent with 10Xcelerator by Membership Rewards®
No Expiry Date
on Membership Rewards® Points
MoneySmart Exclusive

[LUCKY DRAW | 1 to 23 July 2024]
Get up to 10 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 Card® and meet the requirements in the MoneySmart x American Express Lucky Draw! T&Cs apply.
 
[American Express Welcome Offer | 1 to 23 July 2024]
New & Existing American Express cardholder can get 98,000 Membership Rewards® points (enough to redeem a Return Trip to Auckland, New Zealand*) when you pay the card's annual fee and spend a min. of S$8,000 within the 2 month of card approval! T&Cs apply.

Valid until 23 Jul 2024 - See more details below

Are you eligible?

    • Promotion is valid from 01-July-2024 to 23-July-2024

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

    • Customers need to apply through MoneySmart to be eligible

    • Pay the Annual Fee of S$1,744 (inclusive of 9% GST) in the first statement

    • Charge a minimum of S$8,000 in eligible transactions to your charge card within two (2) months from Card approval date

What you need to know

  1. 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.

  2. Get up to 10 chances for the Lucky Draw when you apply and spend on your American Express® The Platinum Card®

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

  4. New & Existing American Express cardholder can get 98,000 Membership Rewards® points (enough to redeem a Return Trip to Auckland, New Zealand*) when you pay the card's annual fee and spend a min. of S$8,000 within the 2 month of card approval! T&Cs apply.

  5. Get 40,000 bonus Membership Rewards points when you pay the Full Annual Fee of S$1,744 (incl. of 9% GST) in the first statement

  6. Get 48,000 bonus Membership Rewards points when you spend S$8,000 of Qualifying Spend within the first 2 months of card approval

  7. Earn 10,000 Membership Rewards points: Awarded on the S$8,000 of Qualifying Spend (based on 2 Membership Rewards points for every S$1.60 spent)

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

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

  10. 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

utilizing the complimentary airport lounge access, travel insurance, and hotel perks during your travels, and explore exclusive dining privileges at selected restaurants.

Good for

frequent travellers who want access to airport lounges, travel insurance, and hotel perks. And those who enjoy dining out and want to take advantage of exclusive dining privileges.

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 The Platinum Card Benefits 2024

The Platinum Card offers an array of benefits in travel, lifestyle, access, and memberships. Designed for high spenders, the American Express Platinum Card is a prestigious charge card which enables you to earn Membership Rewards points on your purchases.

From its generous 135,000 AMEX welcome Membership Rewards® points, to the wide range of privileges for luxury hotels, dining, shopping and entertainment, your rewards points can be redeemed for various lifestyle needs and indulgences.

If you're still considering whether to sign up for this card, read on to find out if it suits your lifestyle and spending habits by looking into its requirements, advantages, and disadvantages when compared to similar rewards cards.

Pros & Cons

Pros

  • Up to 135,000 AMEX welcome Membership Rewards® points (only for New-to-AMEX cardholders)
  • Up to 87,500 welcome Membership Rewards® points (only for existing AMEX cardholders)
  • 20 Membership Rewards points for every S$1.60 spent at Platinum 10Xcelerator Partners entertainment, groceries, fashion, transport, travel categories
  • 2 Membership Rewards points for every S$1.60 spent on other spending categories
  • 5 Membership Rewards points for every full S$1.60 spent with Singapore Airlines and Scoot (equates to 1.95 miles per S$1), plus $200 airline credit
  • Preferential fares on flight tickets for Singapore Airlines, Qatar Airways, Etihad Airways, Emirates
  • Hotel Elite Tier Status for selected luxury partner hotels, plus up to $800 worth of luxury hotel and resorts benefits, experience credits, discounts and privileges
  • No expiry on earned AMEX Membership Rewards points
  • Enjoy Car Elite Tier Status with AMEX loyalty programmes for Avis President’s Club and Hertz Gold Plus Rewards Five Star
  • Exclusive access to American Express Global Lounge Collection (worth S$1,238) comprising airport lounges in 650 cities worldwide for the primary, supplementary cardmembers and 1 guest
  • Complimentary worldwide travel insurance coverage for primary cardholder and spouse and children

Cons

  • Base interest rate payable is undisclosed, hassle of contacting AMEX for the latest rates
  • Annual fee of S$1,744 which is much higher than many other miles credit cards in the market like the UOB PRVI Card and HSBC Revolution Card
  • Min. spend of S$6,000 within first 2 months of card approval to qualify for the welcome Membership rewards points
  • No annual fee waiver available

Compare AMEX The Platinum Card vs. UOB Lady's Card vs. HSBC Revolution Card

The AMEX The Platinum Card offers the most attractive welcome benefits in terms of reward points — up to 135,000 Membership Rewards points (1.95 miles per S$1), as compared to UOB Lady's Card's welcome offer of a dining experience for two at Michelin-starred restaurants (worth S$900), and HSBC Revolution Card's welcome gift of a $680 Samsonite ZELTUS 69cm Spinner (or $200 cashback).

However, these benefits comes at the price of a hefty annual fee payment of $1,744 (with no waiver available) that is more than 5 times the annual fee payable for UOB Lady's Card. You'll save the most on annual fees for the HSBC Revolution Card as it doesn't charge any at the moment.

When it comes to miles earn rate, UOB Lady's Card takes the cake for the highest rewards points awarded for every dollar spent for widest variety of spending categories 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 for how many reward points you can earn yearly, the AMEX The Platinum Card does not have a limit, unlike the UOB Lady's Card which imposes a rewards points cap of 1,800 UNI$ per month and HSBC Revolution Card's cap of 10,000 reward points per month.

In a nutshell, AMEX's The Platinum Card is great for you if you're a high spenders who knows how to maximise the Membership Rewards points mostly for travel expenses, and ensure that the benefits that you reap out of this card outweigh the cost of the high annual fee.

AMEX The Platinum CardUOB Lady's CardHSBC Revolution Card
Interest rate:
Undisclosed, only available upon request from AMEX
Interest rate:
27.80%
Interest rate:
26.90%
Annual fee:
$1,744 (no waiver available)
Annual fee:
$196.20 (first year waiver available)
Annual fee:
None
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
  • $40,000 for foreigners
Rewards benefits:
  • Up to 135,000 AMEX welcome Membership Rewards® points (only for New-to-AMEX cardholders)
  • Up to 87,500 welcome Membership Rewards® points (only for existing AMEX cardholders)
  • 20 Membership Rewards points for every S$1.60 spent at Platinum 10Xcelerator Partners entertainment, groceries, fashion, transport, travel categories
  • 5 Membership Rewards points for every full S$1.60 spent with Singapore Airlines and Scoot (equates to 1.95 miles per S$1), plus $200 airline credit
  • 2 Membership Rewards points for every S$1.60 spent on other spending categories
  • Elite tier status for partner hotels and car rental services
  • No expiry on earned AMEX Membership Rewards points
  • Up to $1,238 worth of Global Lounge Collection benefits comprising airport lounges’ access in 650 cities worldwide
  • Complimentary worldwide travel insurance coverage
Rewards benefits:
  • 10X UNI$ (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
Rewards benefits:
  • 10X rewards points (equivalent to 4 air miles or 2.5% Cashback) for every S$1 spent online or via contactless payments
  • 1X reward point for every $1 spent on all other categories
  • Up to 21.15% fuel savings at Caltex and Shell
  • Complimentary access to ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide
  • Cap of 10,000 rewards points per calendar month on eligible purchases
  • HSBC Reward points awarded are valid for 3 years and 1 month from the date of opening of the credit card account
  • No minimum spend requirement

Discover More On The Best Rewards Cards Here!

AMEX The Platinum Card Application

Here are 3 simple steps to apply for the AMEX The Platinum Card

Step 1

Apply via MoneySmart’s credit cards page

You may begin your application by clicking on our AMEX The 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 The 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 The Platinum Card?

The AMEX The Platinum Card charges an initial annual fee of $1,744 (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 The 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 The 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.