In May last year, American Express gave Platinum Charge cardholders a S$500 statement rebate on โeveryday essentialsโ to offset the impact of COVID-19. This covered merchants like Cold Storage, Deliveroo, Lazada, NTUC FairPrice and more, which essentially made it a S$500 discount on the annual fee.
The good news is that American Express has brought back the offer this year, albeit in a smaller way. Instead of S$500, itโs now 40% less at S$300.
AMEXโs More Value From Platinum Offer
From now till 18 July 2021, American Express Platinum Charge cardholders will receive a S$300 statement credit that can be spent at the following merchants:
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| ๐ณ There is a similar promotion for American Express Centurion members, which offers a S$1,000 statement credit |
Registration is required, and can be done via the AMEX app or via the AMEX online banking portal. Only your principal card will see this offer; itโs not available to supplementary cardholders. There is no cap on the number of cards which can be registered, but obviously youโll want to do it ASAP so you can start spending.
Do note the following:
- Payment can be made in-person at Club21, Kids21, Dairy Farm Group Singapore (Cold Storage, Market Place, Jasons, Jasons Deli, Giant, Guardian), FairPrice and Unity at participating locations
- Payment can be made online at fairprice.com.sg, coldstorage.com.sg, giant.sg, guardian.com.sg, deliveroo.com.sg, lazada.sg, sg.club21global.com
- Payment can be made in-app at FairPrice, Cold Storage, Giant, Deliveroo and Lazada
There is no minimum spending required (although youโll obviously want to max it out by spending at least S$300), so for all intents and purposes itโs free money for cardholders.
You should see statement credits posting alongside your transactions, although in some cases they can take a couple of days to appear. If youโre buying things from Lazada in particular, do note that payment must be charged to your card by 18 July 2021 to be eligible for the offer. You may not be charged until the merchant dispatches the goods, so take note if youโre placing an order close to the deadline.
Conclusion
A S$300 statement credit represents an ~18% discount on the annual fee, and while itโs less than what we got last year, itโs still helpful.
American Express is apparently planning a retention blitz to convince premium cardholders to keep their cards, so letโs hope thereโs more goodies on the way.
โAmerican Express is apparently planning a retention blitz to convince premium cardholders to keep their cards, so letโs hope thereโs more goodies on the way. โ
hi aaron, together with this current $300 credit promo and the above, do you reckon its a good time to apply for 1712 now? or given ongoing travel climate (or lack of), still better to hold off?
if you apply for the card now, i donโt think youโll get the $300 credit. based on how they ran the offer last time (the $500 one), you had to be a card member as of a certain date to receive it. as for whether itโs a good time- it all boils down to which benefits you value. itโs hard to use the lounge access now, or the $800 travel credits. even your free hotel stay will have to be done in SG. i think it might be worth waiting until things open up, unless thereโs some other feature ofโฆ Read more ยป
thanks aaron. i believe the on-going sign on bonus is 75k MR instead of hotel stay? more inclined to hop on that while its still available, as i personally dont value a hotel stay (even overseas) as much.
75k MR replaced the 2 night welcome hotel stay. you still get a 1 night stay at selected hotels as part of a recurring gift (https://milelion.com/2020/04/13/amex-platinum-charge-adds-more-options-for-annual-free-hotel-night/)
I donโt see this offer in my app. Is it only for the next renewal? I got the $500 previously for my current year of membership.