AMEX is giving $500-750 statement credit to Platinum Charge and Centurion members

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Register now and get up to $750 to spend at Cold Storage, Deliveroo, Lazada, FairPrice and a host of other "everyday essential" merchants.

Covid-19 has made the premium card value proposition more and more marginal. Why spend hundreds (or thousands even) on annual fees when you can’t use any of the benefits? Fact of the matter is, most banks haven’t done much for their premium cardholders beyond the token “we’re here for you in some abstract way” eDM.

American Express is a notable exception- in April, they announced a double points and double statement credit promotion for Platinum Charge and Centurion members. Now they’ve followed that up with another fantastic offer: S$500-750 of statement credit, with no strings attached.

AMEX “Everyday Essentials & More” promotion

From 28 May to 27 August 2020, American Express Platinum Charge and Centurion cardholders will receive S$500 and S$750 worth of statement credit respectively. This can be spent at the following merchants:

  • Club21
  • Kids21
  • Cold Storage
  • Market Place
  • Jasons
  • Jasons Deli
  • Giant
  • Guardian
  • Deliveroo
  • Lazada
  • FairPrice
  • Unity
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Do note the following:

There is no minimum spending required (although you’ll obviously want to max it out by spending at least S$500/750), so for all intents and purposes it’s free money for cardholders.

What’s nice is this statement credit isn’t limited to a small group of niche merchants, but covers essentials like groceries, food delivery and online shopping- things we’re all doing in abundance right now.

Registration is required

Registration is required for this offer, and can be done via the AMEX Offers section of your app or on the online banking portal. There is no cap on the maximum number of cardholders who can register, but the earlier you do so the better.

❓ What are AMEX Offers?

AMEX Offers are opportunities to earn bonus miles or Membership Rewards points, or discounts in the form of statement credits. These are available to Platinum, True Cashback, and KrisFlyer co-brand cardholders, and can be found in the “Offers” section of the AMEX app or web portal. Registration is required, and some offers may be targeted. These are not applicable to DBS/Citi/UOB AMEX cardholders. 

This offer is limited to one per card account. Even if you have multiple supplementary cards, you’ll only receive one S$500 or S$750 credit. This offer also won’t be available to anyone who was approved for a Platinum Charge or Centurion card after 15 May 2020.

Conclusion

There’s not much to analyse here- if you hold a Platinum Charge or Centurion card, register for this right away. For Platinum Charge cardholders, it’s basically a 30% subsidy on the annual fee, which goes some way to soothing the pain during this period.

Let’s hope other banks follow suit.

Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

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Ed

Amex is more generous than some governments…

D.

Still trying to figure out how Club21 is an Everyday Essential.

Z

Some people still need their daily necessities.

Happy Camper

I know of at least two people who would feel that The Hour Glass provides an essential Service… 😆

Aaron Wong

hey, it’s a viral apocalypse, not a fashion apocalypse.

Adam

Some people need new clothes after circuit breaker…

JT

the way most people dress in SG, you would be forgiven for thinking otherwise…

R

Is the credit a one-time thing? I.e. if you spend $50 at a merchant, you only get $50 credits and forfeit the $450, or is the credit on cumulative spend on all merchants till offer end date?

GG

Curious too. Are they gonna automatically deduct from your monthly account?

Aaron Wong

Cumulative.

Siv

All the cardmembers are eligible to receive this? I have seen nothing so far in my account.

Alian

Go to the mobile app in the offers section you should see it as per Milelions screenshot. Only in the Amex mobile app

Siv

I went and apparantly its nothing there 🙁

Alian

Did u select your Amex platinum charge card? As I have multiple Amex cards if I choose a different card it’ll not show. Only if u select the platinum card then click on offers it should show. Else perhaps u can call Amex for assistance

Siv

ahh I got it..you’re right!! I was on the Plat Reserve card page so I just switched to Charge card and now I got it. Thnk vm for your suggestion 🙂

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