The American Express® Singapore Airlines Business Credit Card
The American Express® Singapore Airlines Business Credit Card
- Earn up to 8.5 HighFlyer Points
- per S$1 spent on eligible Singapore Airlines and Scoot flights
- Earn 1.8 HighFlyer Points
- per S$1 spent on all eligible purchases (worth 1.8 KrisFlyer miles)
- Complimentary Accor Plus Membership
- worth S$418 offering a free night's stay every year
Are you eligible?
- Promotion is valid for new to American Express® Singapore Airlines Business Credit Card.
- Bank T&Cs and go.amex/sgexclusions apply.
- Card Members will not be eligible to the Welcome Offers stated on AMEX website unless otherwise stated.
What you need to know
- Get 3,000 HighFlyer points upon annual fee payment.
- Get 24,600 HighFlyer points upon min. spending of S$3,000 within the first 2 months of Card approval.
- Get 5,400 HighFlyer points for the above S$3,000 spent (based on 1.8 HighFlyer points for every S$1 spent)
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® Singapore Airlines Business Credit Card Benefits 2024
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 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.
Pros & Cons Of AMEX Singapore Airlines Business Credit Card
Pros
- Interest rate from 26.90% (27.80% with effect from 3 October 2023) to 29.99%
- 8.5 miles (HighFlyer points) for every S$1 spent on eligible SIA flights
- 1.8 miles (HighFlyer points) for every S$1 spent on other eligible categories
- 0% interest-free period (up to 51 days from statement due)
- Complimentary Hertz Gold Status with 10% off standard rates for car rental
- Complimentary access to Priority Pass lounges around the world per year (2 visits per year)
- Convenient online application with SingPass
- Accor Plus membership worth S$418
Cons
- High annual fee of $304.59 (incl. of 9% GST)
- No annual fee waiver available
- Cash advance transaction fee
- Foreign currency transaction fees
- Late payment charges
Find Out More About The AMEX Singapore Airlines Business Credit Card In Our Blog Review!
AMEX SIA Business Card Interest Rates & Fees
While some banks do not charge any processing fees or initial annual fee, the AMEX SIA Business credit card charges an annual fee, 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.
AMEX SIA Business Card Application
Here are 3 simple steps to apply for the AMEX SIA Business Credit Card
Apply via MoneySmart’s Credit Cards page
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.
Provide all documentation required
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:
- NRIC or other identification details
- Latest computerised payslip
- Latest 6 months’ CPF Contribution History Statement
- Latest Income Tax Notice of Assessment (NOA)
Receive your AMEX SIA Business Credit Card
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.
Compare AMEX SIA Business Card vs. SCB Journey Credit Card vs. HSBC TravelOne Card
| 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: $304.59 (incl. of 9% GST) | Annual fee: None | Annual fee: $196.20 (incl. of 9% GST) 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:
|
Frequently Asked Questions About AMEX Singapore Airlines Business Credit Card
Am I eligible for the AMEX SIA Business Credit 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 SIA Business credit card, as long as you’re aged 21 and above, and earn a minimum annual income that is subjected to AMEX’s regulatory minimum income requirement and internal assessment.
If I’m late for my monthly AMEX SIA Business Card bill payment, how much do I have to pay?
- Late payment charge is S$90 and additional interest will be calculated on a daily basis at the most updated EIR determined by American Express Bank at the point of your late payment.
What are the air miles benefits of an AMEX SIA Business Card?
The benefits include:
- 8.5 miles (HighFlyer points) for every S$1 spent on eligible SIA flights
- 1.8 miles (HighFlyer points) for every S$1 spent on other eligible categories
- Complimentary Hertz Gold Status with 10% off standard rates for car rental
- Complimentary access to Priority Pass lounges around the world per year (2 visits per year)