Is the annual fee of Amex Platinum Charge Card Singapore worth it?

At the first glance, the Amex platinum charge card may seem daunting as the annual fee is $1,712 and is non-waivable. However, on a closer look, you are paying for a pretty good deal especially for those who travel frequently. If you are still thinking if the Amex Platinum Charge card is for you, continue to read and find out more!

To sum it up, you are paying $S$1,712 (inclusive GST) for the main perks below:

·      3D/2N welcome stay at selected overseas Banyan Tree or Mandarin Oriental properties, or a 2D/1N stay at Capella Singapore. Read Our Banyan Tree Review here

·      Membership anniversary gift^ annually of a 2D/1N stay at The St Regis Singapore or W Hotel Singapore.

·      Receive S$800 Travel Credits Annually. (S$400 for Airline Credit + S$400 lodging credit Credits)

·      Receive Complimentary Upgrades To Hotel Loyalty Programmes

•  Starwood Preferred Guest® Gold Elite Status
• Shangri-La Golden Circle Jade Membership
• Hilton Honors Gold Status
• Radisson Rewards TM Gold Status

·      Enjoy up to 50% savings off your food bill with Love Dining.

·      Earn a welcome bonus of 75,000 Membership Rewards® Point

·      Up to S$300 Dining Vouchers (Dining in St Regis & Marriott)

3D/2N welcome stay at selected overseas Banyan Tree or Mandarin Oriental properties, or a 2D/1N stay at Capella Singapore

The one time welcome gift includes a 3D/2N stay at selected Banyan Tree or Mandarin Oriental properties that are worth up to S$1600. To make the best out of your card, consider using it at Banyan Tree Bali or Mandarin Oriental, Taipei. Our stay at the 3D2N Banyan Tree Bali came with complimentary breakfast and the experience is absolutely stunning!

Estimated Value: S$1400/ based on the estimated value of S$700/night at Banyan Tree Ugansan  

Membership anniversary gift^ annually of a 2D/1N stay at The St Regis Singapore or W Hotel Singapore.

Staycation in Singapore is one of the best ways to unwind without having to leave the country. The annual fee includes a 1-night stay in W Hotel Singapore or the St Regis Singapore. Plus, this is not a one-time stay. Whenever you decide to renew your membership each year, it comes with a complimentary 2D1N stay at either hotel.

Estimated Value: S$400 based on the estimated value of S$400/night at W Hotel 

Receive S$800 Travel Credits Annually. (S$400 for Airline Credit + S$400 Lodging Credits)

Use the airline travel credit to offset your air ticket. Do note that you have to book your tickets through Amex Concierge and there may be a slight difference in the ticket price. Airline credit is only applicable to full flight service and you can’t use it on budget airlines such as scoot or Jetstar.

Estimated Value: S$700( $400 accommodation + $300 airline credit + transaction fee)

Earn a welcome bonus of 75,000 Membership Rewards® Point

Good news to all miles collector out there. If you spent S$25,000 within 3 months, you can earn a welcome bonus up to 75,000 Membership Rewards® Point. This translate to 46875 miles. If you are planning for a wedding, house renovation or have big expenses, it is definitely a good way to earn the 75000 rewards point.

400 membership rewards = 250 miles

75,000 membership rewards points = 46875 miles (One-way business class with Singapore Airline to Japan at 47000 miles)

Earn an additional welcome bonus of 40,000 Membership Rewards® points only through this Referral Programme with The Luxury Ticket when you spend a minimum of S$5,000 in the first 3 months upon Card approval. Terms & Conditions apply.

Estimated Value: 115,000 reward points / 71875 miles / S$1437 base on 2 cent per miles

Complimentary Upgrades To Hotel Loyalty Programmes

This is the easiest way to up your tier in many hotel loyalty programs. Some of the programs offer complimentary breakfast and guaranteed upgrade. The most favoured hotel program with Amex Platinum Charge card is Hilton Honors Gold among all.

Enjoy up to 50% savings off your food bill with Love Dining.

Save up to 50% off food bill with Love Dining when you dine with 2 people. Discount varies with the number of diners. The more person you dine with, the less discount you get. Do note that the saving does not include beverages. Find out more about Love Dining restaurants here

Tip: Use your welcome vouchers with 50% Love Dining to make the most out of the deal.

Unlimited Lounge Access

Frequent flyers will enjoy the perks of having unlimited lounge access with Priority Pass. Access to lounge allows you to enjoy even when you are not flying the premium class. Even if you are flying with premium class, one will not miss the food served in TGM lounge. The quality of food in TGM lounge is better than many premium lounges in Singapore.

Estimated Value: S$500

Wellness Vouchers at Spa Rael & Adeva Spa

On top of the travel perks, the welcome gifts come with massage and facial vouchers for all new cardholders. 2019 welcome gift includes a 60 minutes deep tissue body massage at Spa Rael and a complimentary white face spa.  The cardholder may bring up to 1 guest along with at a fee

Estimated Value: S$727.60

Enrolled into The Boingo American Express Preferred Plan

What makes travelling efficient on the go is to stay connected. With Platinum Card, the cardholder will be enrolled into the Boingo Amex Preferred Plan where you get access to 1 million hotspot worldwide with unlimited wi-fi access even on the plane.

Estimated Value: $15 USD/Month

Other Unlisted Benefits that comes with the Card

Complimentary Birthday Cake

Amex remembers your birthday and gives Complimentary Birthday Cake during your Birthday Month. A little nice gesture from American Express to celebrate your big day

Exclusive & Priority Event Invitation

American Express offers exclusive access or priority access for card members. This year, Amex offers priority sale ticket to Andy Lau’s World Tour Concert 2019 to its centurion and Amex Platinum members. Find out more about events here

Estimated First Year Value

• Estimated Value: S$1400 based on estimated value of S$700/night at Banyan Tree Ugansan  (New Sign up only)
• Estimated Value: S$400 based on estimated value of S$400/night at W Hotel 
• Estimated Value: S$700 based on $400 accommodation + $300 airline credit

Total estimated value for top 3 items: S$2500

While there are more many more perks in American Express Platinum Card, the 3 items listed above is the reason why many had sign up for the first year.

Eligibility

·      To apply online for the American Express Platinum Card, it’s important that:

·      You’re over 21 years of age. Supplementary Card applicant should be over 18 years of age.

·      For Singapore Citizens and Residents, you have earnings which provide an income of over S$200,000 p.a

·      For Expatriates, you have earnings which provide a minimum income of over S$200,000 p.a.

Additional 40,000 Membership Reward points sign up bonus for Amex Platinum Card with The Luxury Ticket

Earn an additional welcome bonus of 40,000 Membership Rewards® points only through this Referral Programme with The Luxury Ticket when you spend a minimum of S$5,000 in the first 3 months upon Card approval. Terms & Conditions apply.