American Express Platinum Credit Card

Key Features

  • 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

Promotion

Dining
  • Love Dining by Platinum offers exclusive privileges for dining at some of the best luxury hotels in Singapore, including Fairmont Singapore, Swissôtel The Stamford Singapore, and St. Regis Singapore. Enjoy up to 50% savings at selected restaurants in these hotels with Love Dining @ Hotels by Platinum.
  • For a wider range of delectable cuisines, Love Dining @ Restaurants by Platinum offers up to 50% off at a handpicked selection of restaurants island-wide.
  • Unwind with a drink or two at some of Singapore’s top bars with Chillax by Platinum. Enjoy bespoke cocktails and new twists on classic drinks at places like Anti:Dote and The Auld Alliance, where you can even receive a complimentary drink.
Shopping
  • Experience the ultimate rewards with Platinum 10Xcelerator Partners like Maison 21G and The Hour Glass. For every full S$1.60 spent, you’ll earn 10 Membership Rewards points, equivalent to 5.5 miles, making your spending go even further.
  • Enjoy peace of mind with our 90-day purchase protection*, which automatically insures your purchases against accidental damage or theft, up to S$10,000 per incidence of theft or damage.
  • With over 200 rewards to choose from in our Membership Rewards Catalogue, you’ll be spoilt for choice. Treat yourself to a lavish feast or shopping spree, and redeem your points for the reward of your choice.
Rewards
  • Earn 2 Membership Rewards points for every full S$1.60 spent with the American Express Platinum Credit Card, and earn 10 points at Platinum 10Xcelerator Partners like Maison 21G and The Hour Glass.
  • Choose from over 200 rewards in our Membership Rewards Catalogue, whether it’s a lavish feast or a shopping spree.
  • Redeem your points for Frequent Flyer Miles from Airline Partners like Asia Miles, British Airways Executive Club, Emirates Skywards, and Singapore KrisFlyer, and enjoy a permanent waiver of the miles transfer fee (worth S$40) with the American Express Platinum Credit Card.
  • Use your Membership Rewards points to pay for any purchase made with your American Express Platinum Credit Card, and downsize your bills anytime, anywhere.
  • Your points never expire, so you can collect, redeem, and enjoy them at your own pace.

Other Features

  • Love Dining by Platinum offers up to 50% savings* at selected hotels and restaurants across Singapore.
  • Chillax by Platinum lets you enjoy 1-for-1 first drink and complimentary drinks at some of the most exclusive bars in Singapore.
  • Adeva Spa, Spa Rael, and The Ultimate offer up to 40% off à la carte spa services for those in need of relaxation.
  • Premier golf and country clubs across Singapore, Cambodia, Indonesia, Malaysia, Philippines, Thailand, and Vietnam offer complimentary green fees* with a paying companion on weekdays, and two paying companions on weekends for golf enthusiasts.
  • At LOANPANDA, we prioritize accurate and up-to-date information. However, please note that the information we provide may differ from what you see on the websites of financial institutions, service providers, or product sites. MoneySmart will not be liable to compensate customers for any discrepancies in information.

Eligibility

Singaporean/PR Minimum Income
  • Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.
Non-Singaporean Minimum Income
  • Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.

Fees and Charges

  • Annual Principal Fee: S$324 (incl. of 8% GST with effect from 1 Jan 2023)
  • Supplementary Annual Fee: S$162 (incl. of 8% GST with effect from 1 Jan 2023)
  • Fee Waiver: Not Available
  • Interest Free Period: 22 days
  • Annual Interest Rate: 26.90%
  • Late Payment Fees: S$100
  • Minimum Monthly Repayment: 3% or S$50, whichever is higher
  • Foreign Currency Transaction Fee: 2.95%
  • Foreign Check Fee: N/A
  • Cash Advance Transaction Fee:  5%
  • Overlimit Fee: N/A

Review

By LOANPANDA

The American Express Platinum Credit Card is a premium card designed to provide customers with exclusive privileges and rewards. With 10 Membership Rewards points for every full S$1.60 spent at participating Platinum 10Xcelerator Partners and 2 Membership Rewards points for every full S$1.60 spent on all other spend, customers can earn rewards faster than ever before.

The card also offers dining privileges, shopping rewards, purchase protection, and a wide range of rewards to choose from in the Membership Rewards Catalogue. Plus, with no expiry on points and a permanent waiver of the miles transfer fee, customers can take their time to collect, redeem and enjoy their rewards. Although the card comes with an annual fee and high interest rates, the numerous benefits and rewards make it a valuable option for those looking for a premium credit card.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.

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