AMEX KrisFlyer cards offering up to 5.3 mpd on foreign currency transactions


Register your AMEX card now and earn a bonus 4 mpd on foreign currency transactions from now till 31 March 2022, capped at S$200.

American Express has launched a new AMEX Offer for AMEX Singapore Airlines Credit Card members, which allows them to earn up to 5.3 mpd on all foreign currency transactions from now till 31 March 2022.

Registration is required, and can be done via the AMEX app or AMEX online banking portal. A maximum of 12,000 cards can be registered.

What are AMEX Offers?

AMEX Offers are opportunities to earn bonus miles/points, or statement credits. These 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 or UOB AMEX cardholders. 

Earn up to 5.3 mpd on foreign currency transactions

From 1 February to 31 March 2022, registered AMEX Singapore Airlines Credit Card members will earn an additional 4 mpd on foreign currency transactions (made in-person, in-app or online) as follows:

AMEX KrisFlyer Credit Card1.1 mpd4 mpd5.1 mpd
AMEX KrisFlyer Ascend1.2 mpd4 mpd5.2 mpd
AMEX PPS Credit Card
1.3 mpd4 mpd5.3 mpd
AMEX Solitaire PPS Credit Card1.3 mpd4 mpd5.3 mpd

Do note that the bonus component is capped at S$200 of spending throughout the entire campaign period. In other words, the maximum bonus you can earn is 800 KrisFlyer miles. 

Bonus miles will be credited within 5 business days from qualifying spend, but may take up to 90 days from the end of the offer date. In practice, they post very fast.

Terms & Conditions

The full T&Cs of this offer can be found below.

  • Valid for payments made in a foreign currency at merchants that accept American Express. Payments can be made in-person, in-app or online.
  • Foreign currency means any currency other than Singapore Dollars. If your payment is converted to Singapore Dollars before being submitted to us (for example, if the merchant gives you the option of converting the transaction to Singapore Dollars at the point of sale), it will not be eligible for the offer.
  • When you make a payment in a foreign currency, it will be converted to Singapore Dollars based on the rate of exchange at the time your Card is charged. Any KrisFlyer miles awarded as part of this offer will be calculated after currency conversion to Singapore Dollars, excluding Foreign Exchange Charges that are incurred. Please refer to your Card Member Agreement for more information about Foreign Exchange Charges on your Card.
  • Payments must be charged to your Card by 31 Mar 2022 to be eligible for the offer. If a merchant does not charge your Card by this date (e.g. due to a delay in dispatching your goods), you may not be eligible for the offer.
  • The Promotion is open to individuals who hold personal basic American Express® Singapore Airlines Credit Card issued in Singapore by American Express International Inc. only (“Eligible Cards”)
  • This offer is only available for your targeted Card, and other Cards you hold may not be eligible.
  • Supplementary Cards are not eligible for this offer.
  • Offer is limited to the first 12,000 eligible Cards which are successfully registered for the offer.
  • Offer is limited to a maximum of 800 bonus KrisFlyer miles per Card to which the offer is saved and only spend on this Card counts towards the Offer.
  • You must be enrolled in the relevant loyalty program and have an active loyalty account to receive the KrisFlyer miles
  • KrisFlyer miles are not redeemable for cash or other payment form.
  • Bonus KrisFlyer miles should appear on your billing statement within 5 business days from qualifying spend but may take up to 90 days from the offer end date.
  • Bonus KrisFlyer miles will not be applied to your Card Account if it has been suspended or cancelled.
  • KrisFlyer miles may be reversed if your qualifying purchase is refunded or cancelled.
  • Full Offer Terms available here.

How good is this offer?

American Express charges a 2.95% foreign currency transaction fee, so earning 5.1 to 5.3 mpd on foreign currency transactions is like paying 0.56 to 0.58 cents per mile.

In absolute terms, it’s clearly the best rate you’ll find, even beating the 4 mpd with the Citi Rewards/DBS Woman’s World Card paired to Amaze (although that has the added benefit of zero foreign currency transaction fees). 

🌎 Best Cards for Foreign Currency Spending
CardEarn RateRemarks
Amaze + Citi Rewards or DBS WWMC
4.0 mpdMax $1K (Citi Rewards) per s. month or S$2K (DBS WWMC) per c. month
UOB Visa Signature
4.0 mpdMin S$1K Max S$2K per s. month on FCY spending
C. Month= Calendar Month, S. Month= Statement Month

However, the main problem is how low the cap for the AMEX offer is- once you’ve spent S$200, the earn rate drops significantly!


AMEX Singapore Airlines Credit Card members can register to earn a bonus 4 mpd on foreign currency transactions from now till 31 March 2022, although it’s capped at just S$200 of spend. 

If you’re already planning to travel overseas or buy something from an international website, it’s an easy way to pick up 800 bonus miles, but beyond that, better alternatives exist. 

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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a little ironic that Amex customers tend to spend more and then Amex also puts a silly little $200 cap on its promo.

Poor guy

Is there a drought right now for sign up bonuses? Amex cards no longer have any 🙁

JT Lim

is this a targeted offer? It doesn’t appear on my app nor online. I just got a approved on end Jan though. Does it deny me for this offer?


It takes time before offers appear for new cards. Usually they start to appear about 1 month in.

Last edited 2 years ago by Fyora

PSA: I couldn’t reconcile some of the bonus miles awarded under this promo so contacted Amex to clarify.

They say the additional 4 MPD does NOT apply to the Amex 2.95% FX fee.
Say you spend FCY 100, where the FX rate is 1 FCY to 1.5 SGD. So you are charged SGD 100 x 1.5 x 1.0295 = SGD 154.42

You will receive 150 x 4 = 600 bonus miles (only, excluding the FX fee) not 154 x 4 = 616 bonus miles.



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