In May last year, American Express gave Platinum Charge cardholders a S$500 statement rebate on “everyday essentials” 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, it’s now 40% less at S$300.
AMEX’s 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:
|💳 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; it’s not available to supplementary cardholders. There is no cap on the number of cards which can be registered, but obviously you’ll 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 you’ll obviously want to max it out by spending at least S$300), so for all intents and purposes it’s 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 you’re 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 you’re placing an order close to the deadline.
A S$300 statement credit represents an ~18% discount on the annual fee, and while it’s less than what we got last year, it’s still helpful.
American Express is apparently planning a retention blitz to convince premium cardholders to keep their cards, so let’s hope there’s more goodies on the way.