American Express Platinum Credit Card Review

Benefits of using the American Express Platinum Credit Card

Here are the features you should consider when looking at the American Express Platinum Credit Card:

• Dining benefits. The most prominent benefit of this card lies in its dining discounts. Receive up to 50% savings at over 50 of Singapore’s best restaurants, such as Fairmont Singapore, Swissôtel The Stamford Singapore, Swissôtel Merchant Court and more.
• Lifestyle and shopping perks. Gain access to an array of nightlife, golf and wellness benefits, ranging from 1-for-1 drink deals and exclusive club entries to complimentary green fees and spa vouchers.

• Reward points. For every S$1.60 charged to your card, you earn 2 Membership Reward (MR) points that may be used for redemptions from the Membership Rewards Catalogue, or even pay directly for your purchases. If you shop at any American Express Platinum EXTRA Partners like IWC and The Hour Glass, you’re entitled to earn 10 MR points (equivalent to 5.5 miles) for every S$1.60 spent. With this card, miles transfer fees (worth S$40) will be perpetually waived and you can transfer your MR points to Frequent Flyer Miles from any AMEX airline partners. There’s also no expiry for MR points, so you can accumulate them for future redemptions.
• Welcome offer. Receive S$150 Lazada Vouchers upon payment of annual fee. Plus receive a free Samsung 24” FHD monitor and one j5create JVCU100 USB HD Webcam upon spending $5,000 in the first 3 months of membership. Ends 30 November 2020.
• Referral bonus. Refer a friend and get 12,000 Membership Rewards points. Your friend will receive 12,000 Membership Rewards points upon spend of S$2,000 in the first 3 months membership. Ends 31 December 2020.
• MyInfo sign-up offer. Get S$20 CapitaVouchers when you select MyInfo to pre-fill your application form and spend a minimum of S$1 within the first month after card approval. Offer is valid for applications received until 31 January 2021 and for approved cards between 1 Aug 2020 and 28 Feb 2021. Other T&Cs apply.

• American Express Platinum Credit Card Promotions

  Agoda

  Get up to 75% off + additional 6% off accommodations worldwide. T&Cs apply. Booking period ends 31 Dec 2020. Stay period ends 31 Dec 2020.

  Expedia

  Get an additional 10% off Expedia hotel bookings. T&Cs apply. Booking period ends 31 Dec 2020. Travel period ends 31 Mar 2021.

Features of the American Express Platinum Credit Card

Make sure you also take into account the following features when comparing the American Express Platinum Credit Card to other options:

• Annual fee. This card comes with a S$321 annual fee.
• Insurance coverage. American Express offers complimentary travel insurance for incidences such as personal accidents, luggage loss or flight inconveniences for you and your family.
• Purchase protection. American Express provides a 90-days return guarantee for almost any purchase made locally. This means that even if a store refuses your return request, American Express provides refunds up to S$800 per item. Your purchases are also automatically covered for 90 days against accidental damage or theft or up to S$10,000 per incidence. Note that terms and conditions apply, and the full cost of the purchase must be charged to the card.
• Additional cardholders. The first two supplementary cards are free for life and subsequent cards are chargeable at S$160.50 each. Also, you can earn reward points for every eligible transaction made on the supplementary card(s).
• Other promotional offers. There is also a range of other offers such as discounts for petrol, travel bookings and yacht charters. You can also expect exclusive privileges and invitations to Michelin-starred dinners and other events. These promotions are subject to terms and conditions as set by American Express and the participating merchant.
• Contactless payments. You can use the card for quick and hassle-free payments on any contactless payment terminals. It is also eligible for Apple Pay, Samsung Pay, Google Pay and Amex Pay, which allows you to make secure payments online, in stores or using apps.

How to apply for the American Express Platinum Credit Card

Eligibility criteria

• Earn at least S$80,000 p.a if you’re a Singaporean, permanent resident, or an expat
• Have a good credit rating
• Be at least 21 years or older

Required documents

• Photocopy of your NRIC (front and back) or passport
• Photocopy of your employment pass (for foreigners only)
• For salaried employees and expatriates: Latest income tax notice of assessment and latest computerised payslip OR last three months’ computerised payslips
• For self-employed or commission-based earners: Income Tax Notice of Assessment for the last two years

Additional documents

• Identification documents supplementary applicant(s), if any
• Expatriates are required to provide a proof of residence (e.g. Latest mobile bill, utility bill or bank statement)

Bottom line

Designed to satisfy the gourmand in you, the American Express Platinum Credit Card allows you to indulge at Singapore’s best restaurants with incredible dining privileges. It also offers a range of lifestyle and shopping perks, including complimentary drinks, club entries, spa treatments, 90-days return guarantee and a host of other high-end dining and lifestyle benefits. However, the high annual fee could offset the value of these perks, so make sure you take some time to compare your options before deciding on the best credit card for you.