Business owners who travel frequently and want to enjoy Singapore airlines and other travel privileges.
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.
As a symbolic card representing 20 years of partnership, American Express and Singapore Airlines introduced this credit card that is meant for small businesses to fund their expansion initiatives and at the same time, be entitled to premium travel benefits.
This card goes by various names, i.e. AMEX Business Card, or AMEX SIA Business Card, or AMEX HighFlyer, and is part of Singapore Airlines’ HighFlyer programme which is a corporate travel programme designed for small and medium-sized businesses. The benefits include up to 50,000 bonus miles (HighFlyer points) with minimum spending requirements, a miles earn rate of 8.5 miles (HighFlyer points) for every S$1 spent, complimentary airport lounge access and more.
In this review, let’s find out if this card is suitable for you as we dive deeper to look at the requirements, pros and cons and other relevant details of the AMEX Singapore Airlines Business Credit Card.
While some banks do not charge any processing fees or initial annual fee, the AMEX SIA Business credit card charges an annual fee of $301.80, and other fees such as cash advance transaction fee, late payment fee, and foreign currency transaction fee.
Although an annual fee waiver is not available for the AMEX SIA Business credit card, it offers generous travel benefits such as an Accor Plus membership worth S$418 for a free night’s stay at an Accor Hotel, 0% interest-free period (up to 51 days from statement due), 2 complimentary Priority Pass visits at participating airport lounges around the world, complimentary Hertz Gold Status with 10% discount on standard rates, and more.
Here are 3 simple steps to apply for the AMEX SIA Business Credit Card
Begin by clicking on our AMEX SIA Business Card application link.
You’ll have the option to apply online via American Express’ website using SingPass MyInfo. Once you’ve selected this option, American Express will pull your identity and income data from SingPass (which is already verified). This will reduce the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
You’ll need to provide all the necessary documentation in order for American Express to approve your credit card application. This list of documents include:
When you’ve provided all the documentation, American Express will prompt you on the approval status of your AMEX SIA Business Credit Card via their online application portal. It will usually take about 1 minute to receive the approval. Thereafter, AMEX will send your card to your given address in the next 3 to 5 working days.
After which, you’ll be able to make seamless payments through the AMEX Singapore App and create your fingerprint or face identification to secure your credit card transactions.
|AMEX SIA Business Card||SCB Journey Credit Card||HSBC TravelOne Card|
|Interest rate: From 26.90% (27.80% with effect from 3 October 2023) to 29.99%||Interest rate: 26.90%||Interest rate: 26.90%|
|Annual fee: $301.80||Annual fee: $194.40 (First and second year waiver available)||Annual fee: $194.40 for Year 1 (second year waiver available only upon minimum annual spending of S$25,000)|
|Minimum annual income: $30,000 for Singaporeans and PRs, $60,000 for foreigners (still subjected to AMEX’s regulatory minimum income requirement and internal assessment)||Minimum annual income: $30,000 for Singaporeans and PRs, $60,000 for foreigners||Minimum annual income: $30,000 for Singaporeans and PRs, $40,000 for foreigners|
Air miles benefits:
Air miles benefits:
Air miles benefits:
The benefits include: