American Express The Platinum Card®
American Express The Platinum Card®
Membership Benefits worth more than S$8,000!
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
- Up to 50% savings
- at selected Hotels like Marriott, St. Regis & W Singapore
- 3.25%
- Foreign Currency Transaction Fee
MoneySmart Exclusive
Receive S$800 Statement Credits and a Samsonite Choca Spinner 68/25 (worth S$700) with annual fee payment and min. spending of S$8,000 within first 6 months of Card approval + earn 10,000 Membership Rewards® points with the S$8,000 spent. T&Cs apply.
Are you 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 60 days from Card approval date
- Bank T&Cs and go.amex.sgexclusions apply
What you need to know
- New to American Express Card Members can get S$800 Statement Credits and a Samsonite Choca Spinner 68/25 (worth S$700)
- Earn 10,000 Membership Rewards® points with the S$8,000 spent.
All Details
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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.
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 Of AMEX The Platinum Card
Pros
- 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.
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 Card | UOB Lady's Card | HSBC 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 |
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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 About AMEX The Platinum Card
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.