American Express is running a new sign-up offer for the AMEX Platinum Charge, exclusively for MileLion readers.
From now till 28 August 2022 (extended from 31 July 2022), MileLion readers can enjoy a welcome gift of 65,000 MR points, plus a sign-up bonus of 115,000 MR points for a total of 180,000 MR points.
This, in my opinion, is a much better offer than the sign-up gifts we’ve seen of late, which include massage chairs, standing desks, and Fullerton Bay Hotel staycations. MR points are highly flexible, and can be converted into airline miles and hotel points with a wide range of partners, or redeemed for vouchers and statement credit (albeit at relatively poor value).
|💳 AMEX Plat. Charge Welcome Gifts|
MileLion Offer: AMEX Platinum Charge
From 11 July to 28 August 2022, customers who sign up for an AMEX Platinum Charge via The MileLion and receive approval by 11 September 2022 will be eligible for the following:
- 65,000 bonus MR points for paying the S$1,712 annual fee
- 40,000 bonus MR points for spending S$5,000 in the first 3 months
- 75,000 bonus MR points for spending S$20,000 in the first 6 months
- 25,000 base MR points from spending S$20,000
65,000 bonus MR points will be granted within 8 weeks of paying the S$1,712 annual fee.
Cardholders who spend at least S$5,000 within the first 3 months of approval will receive a further 40,000 bonus MR points, credited within 12 weeks of meeting the spend threshold.
Cardholders who spend an additional S$15,000 (i.e. S$20,000 total) within the first 6 months of approval will receive a further 75,000 bonus MR points, credited within 8 weeks of meeting the spend threshold.
Spending S$20,000 will also generate 25,000 base MR points, at the usual earn rate of S$1.60= 2 MR points. This means a grand total of 205,000 MR points (65,000 + 40,000 +75,000 + 25,000).
For the avoidance of doubt, this offer cannot be stacked with the MGM bonus of 20,000 MR points. Terminating the card within six months of approval will lead to a clawback of the welcome gift.
Who is eligible?
The 65,000 bonus MR points for paying the S$1,712 annual fee and 75,000 bonus MR points for spending S$20,000 in the first 6 months are available to anyone who has not cancelled an AMEX Platinum Charge in the past 24 months. It’s fine if they currently hold other AMEX cards.
The 40,000 bonus MR points for spending S$5,000 in the first 3 months is available to anyone who has not cancelled an AMEX Platinum Charge in the past 24 months, and does not currently hold an existing AMEX card. For avoidance of doubt, this does not include supplementary cards, corporate and business cards, as well as AMEX cards issued by DBS and UOB.
|❓ Applied by 21 August 2022?|
If you submitted your application by 21 August 2022, you are still eligible for the 40,000 bonus MR points even if you currently hold another AMEX card.
This new restriction only applies to applications submitted from 22-28 August 2022.
Terms & Conditions
- 65,000 MR points welcome gift (Page 2)
- 75,000 MR points sign-up bonus (Page 3)
- 40,000 bonus MR points (Page 7 & 8)
What counts as qualifying spending?
American Express provides a full list of exclusions here (section 3).
The key exclusions to highlight are:
- Insurance premiums
- GrabPay top-ups
- SPC transactions
For avoidance of doubt, CardUp transactions, hospital bills, the purchase of supermarket vouchers and Amazon/Lazada etc. gift cards will count towards the minimum spend requirement.
What can you do with MR points?
With the welcome gift, sign-up bonus and base points factored in, you’re looking at a total of 205,000 MR points.
Based on the conversion rate enjoyed by AMEX Platinum Charge customers (400 MR points to 250 miles), this would be worth 128,125 miles with any of the following frequent flyer programmes:
Using KrisFlyer as an example, 128,125 miles would be enough for a Business Class round-trip ticket to Cape Town, Johannesburg or Istanbul (113,000 miles), or a one-way First Class ticket to Sydney or Melbourne (93,500 miles).
- 10 nights at the Conrad Bangkok
- 7 nights at the St. Regis Kuala Lumpur
- 5 nights at the Millennium Hilton Seoul
- 5 nights at the Le Meridien Maldives
Note: Marriott and Hilton practice dynamic award pricing, and the exact number of points required will depend on when you stay.
And in a worst case scenario where you converted the MR points into statement credit (which I’d highly advise against), 205,000 MR points would be worth S$984, or S$1,200 at Pay with Points+ merchants including Apple, Challenger, Fairmont Singapore or Lee Hwa Jewellery.
Just got your card?
If you’ve just got your AMEX Platinum Charge, welcome to the club! Do have a read below of the seven things you should do in order to kickstart your journey.
MileLion readers can enjoy a sign-up bonus of 180,000 MR points for applications submitted by 28 August 2022.
This is one of the biggest offers in recent memory, and a good opportunity to hop onboard if you’ve been considering this card but didn’t like the previous welcome offers.