Full details: AMEX Platinum Charge’s new S$1,204 statement credits

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The AMEX Platinum Charge has launched its new dining, lifestyle, airline and entertainment credits- and if you ask me, they're a big yawn.

Back in November 2022, American Express announced that the AMEX Platinum Charge’s S$800 travel credits would be discontinued, and replaced by S$1,204 of statement credits in early 2023:

  • S$200 dining credits at participating local restaurants
  • S$200 dining credits at participating overseas restaurants
  • S$400 lifestyle credits at participating retail partners
  • S$204 entertainment credits for news or music streaming services
  • S$200 airline credits for Singapore Airlines or Scoot

Details were scarce at first, but now that registration has opened, we have the full T&Cs. 

My overall take? Underwhelming. I suppose I should have had an inkling when there was no media preview — that’s normally the case when a company has bad news to share — but the optimist in me said to wait and see.

Now that I’ve had the time to pore over the details, my personal assessment is that most cardholders will be getting at best the same value as under the old travel credits, with a good number likely to fall below that threshold due to the additional terms and complexity involved. 

Registering your card

AMEX Platinum Charge cardholders need to register for their new statement credits via the AMEX Offers portal, either on the mobile app or desktop browser. 

What are AMEX Offers?

AMEX Offers are opportunities to earn bonus miles, Membership Rewards points, or discounts in the form of statement credits. They 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. 

Registration will remain in effect till 31 December 2024. In other words, if you register in 2023, there’s no need to re-register come 1 January 2024. 

Statement credits will generally appear on your billing statement within 30 days from the date of transaction, but in practice often appear much sooner. 

How are the new statement credits different from the old ones?

Here’s a quick overview of how the new credits are different from the old ones. 

 New CreditsOld Credits
Total AmountS$1,204S$800
AllowanceCalendar YearMembership Year
Min. SpendApplies to certain categoriesN/A
AvailabilityPrincipal cardholder only

Total Amount

The most obvious difference between the new and old credits is the quantum: S$1,204 is a 50% increase from S$800.

However, you can’t blindly compare the headline figures since:

  1. The new credits may be more or less useful to you, depending on your personal spending patterns
  2. Some of the new credits come with minimum spend requirements


The old credits were issued once every membership year, while the new credits are issued once every calendar year. 

What this means is that a new AMEX Platinum Charge Cardholder who gets approved from February to December 2023 would enjoy:

  • one set of statement credits for 2023
  • one set of statement credits for 2024 (but do remember the entertainment credit is awarded on a monthly basis)

This is regardless of whether he/she chooses to renew. There will be no clawback of statement credits even if the cardholder subsequently decides to terminate his/her card in 2024.

This brings the Singapore American Express cards in line with what we see in the USA, where credits are awarded based on the calendar year (effectively providing a boost to value in the first year of membership).

Minimum Spend

While the old credits did not have a minimum spend requirement, some of the new credits require a minimum spend of S$600. 


As before, credits are only available to principal cardholders. Supplementary cardholders are not eligible to receive them, nor will their spending trigger the credits. 

S$200 local dining credits

Local Dining Credit
AwardedPer calendar year
Minimum SpendNone

AMEX Platinum Charge cardholders receive a S$200 local dining credit every calendar year that can be used at any of the following restaurants in Singapore. No minimum spend is required. 

🍽️ Participating Restaurants (Singapore)
  • Basilico
  • Basque Kitchen by Aitor
  • Bee’s Knees
  • Botanico
  • Butcher’s Block
  • FIRE Restaurant at 1-Atico
  • FLNT Restaurant at 1-Atico
  • JAAN by Kirk Westaway
  • La Dame de Pic
  • Lawry’s The Prime Rib
  • Mikuni
  • Mimi Restaurant at The Riverhouse
  • Monti at 1-Pavilion
  • Odette
  • OSTERIA BBR by Alain Ducasse
  • Si Chuan Dou Hua
  • Sol & Luna
  • The Grand Lobby
  • Tiffin Room
  • TXA Gastrobar at The Alkaff Mansion
  • UNA at The Alkaff Mansion
  • Wildseed Cafe
  • Wooloomooloo Steakhouse
  • Zen
  • Zorba at The Riverhouse
  • yi by Jereme Leung

The list is pretty much what we expected, based on a similar promotion that American Express ran in 2021.

You may remember that AMEX Platinum Charge cardholders already receive vouchers for some of the abovementioned restaurants (e.g. Basque Kitchen, Mikuni), as part of their yearly renewal pack. You can stack these vouchers with the statement credits; all that matters is the nett amount charged to your card. 

Likewise, Love Dining discounts at Si Chuan Dou Hua can be used in conjunction with the credits. 

I’m happy to take these credits at face value, since they include some restaurants I like and others I’ve been wanting to try. 

S$200 overseas dining credits

Overseas Dining Credit
AwardedPer calendar year
Minimum SpendNone

AMEX Platinum Charge cardholders receive a S$200 overseas dining credit every calendar year that can be used at any participating restaurant worldwide. No minimum spend is required.

The credit can be used at over 1,400 restaurants in the following countries:

🍽️ Platinum Global Dining Countries
  • Australia
  • Austria
  • Belgium
  • Canada
  • Hong Kong
  • Finland
  • France
  • Germany
  • Italy
  • Japan
  • Luxembourg
  • Mexico
  • Netherlands
  • New Zealand
  • Spain
  • Sweden
  • Taiwan
  • Thailand
  • United Kingdom
  • United States

The credit is only valid for dine-in services and excludes purchases of gift cards and vouchers, transactions made towards deposits charged upfront by the participating restaurants, cancellation and no-show charges, take away or dine-at-home services.​

Do note that if you want to book restaurants in Japan, you must go via the Pocket Concierge service and make a prepaid reservation. 

Again, I have no big issue with these credits since I imagine my travels will bring me to at least one of the cities featured.

S$400 Lifestyle Credit

Lifestyle Credit
AwardedPer calendar year
Minimum SpendS$600

AMEX Platinum Charge cardholders receive a S$400 lifestyle credit every calendar year that can be used at the following merchants, with a minimum spend of S$600 in a single transaction.  

I personally would ignore the spa options, since I’m not in the mood to go and get hard sold on a package. I mean, have you even seen the crazy rates these places charge? 

That leaves Grand Cru. I was initially concerned that the special website for Platinum cardholders would force you to buy packages featuring wines you might not be keen on, but credit where it’s due, you can mix and match what you like.

Don’t forget, you need to spend it all in a single transaction!

S$204 entertainment credits

Entertainment Credit
AwardedPer calendar month
Minimum SpendNone

AMEX Platinum Charge cardholders receive a S$17 entertainment credit every calendar month that can be used at the following merchants. No minimum spend is required.

  • Audible
  • Eventbrite
  • Disney+
  • Netflix Singapore
  • SPH Media (Straits Times, Business Times, Lianhe Zaobao, Shin Min Daily News, Berita Harian, Tamil Murasu)
  • Ticketmaster

The initial list was somewhat disappointing, but Disney+ was belatedly added. This gives me hope we might see a wider range of periodicals like the New York Times or Economist, plus other streaming services like Apple TV, HBO Max, Spotify or Viu. 

At S$17 per month, this credit would just about cover a Standard Netflix plan (S$17.48), or could be used to offset a Basic Netflix plan (S$12.98) plus Digital Straits Times subscription (S$9.90- yes, people actually subscribe to The Straits Times)

Despite the limited merchant list, I could certainly manage to max out this perk, though I should highlight that because the credit is awarded every month and January is already over, the actual value in 2023 is S$187, not S$204. 

S$200 Airline Credit

SIA Credit
AwardedPer calendar year
Minimum SpendS$600

AMEX Platinum Charge cardholders receive a S$200 airline credit every calendar year that can be used at Singapore Airlines or Scoot, with a minimum spend of S$600 in one or more transactions. 

The following terms apply:

  • Tickets must be purchased in-app or online at the Singapore Airlines or Scoot websites
  • Tickets must be purchased in Singapore Dollars for flights departing from Singapore
  • Transactions on KrisShop, Kris+ and any purchase of trip add-ons or purchases via phone, email, or other payment links do not count 

I find this credit a lot more restrictive than the previous S$400 air travel credit, because:

  1. You can only spend it with Singapore Airlines or Scoot
  2. You must buy the ticket from the Singapore Airlines (or Scoot) website, and therefore can’t take advantage of IAP rates

While it’s not said explicitly, I’m fairly confident that the credit will be triggered when paying for taxes and surcharges on an award ticket with your AMEX Platinum Charge (provided you do so via the Singapore Airlines website, and not over the phone with an agent). If so, then I should be able to easily earn the full S$200 over the course of a year, minimum spend restriction notwithstanding.

As a side note, the opportunity cost involved with using the AMEX Platinum Charge for Singapore Airlines/Scoot transactions isn’t quite as bad as other categories, since you earn 1.95 mpd. Moreover, you will also trigger the rather comprehensive travel insurance coverage by using your AMEX Platinum Charge to pay (even if it’s an award ticket). 

My thoughts on the new credits

Note: The section below was written before the Grand Cru website for Platinum cardholders launched. Now that I’ve seen the options, I personally feel a lot better about the lifestyle credit, seeing as how I can get value from buying S$600 worth of wines (that I actually like) for S$200.

On the surface, the new statement credits are a positive for AMEX Platinum Charge cardholders since the quantum is increasing by 50% while the annual fee is staying the same (OK fine, a 1% GST increase if you want to be technical about it).

However, I’m far from impressed. For me personally, the maximum I’ll get out of this is S$787 in 2023 (S$804 minus the S$17 lost for January’s entertainment credit), since I have absolutely no use for the lifestyle credit in its current form. 

I suppose that if you were expecting something much worse to happen, then the new statement credits will be a relief. Apart from the lifestyle credit, none of them are abjectly bad, they just require a lot more hassle to manage. 

All the same, I’m going to repeat the same caveats I mentioned back when the changes were first announced. 

The new credits will obviously see more breakage, because we’re going from two categories to five. While the mere fact you’re reading this website suggests you’re probably on top of these things, the average cardholder is a lot less meticulous, and may have difficulty keeping track. 

Moreover, it was relatively straightforward to spend the airline and hotel credits, since they were valid for any airline or any hotel available through the AMEX Travel Portal. In contrast, the new credits are notably more restrictive– dining, lifestyle and entertainment credits are only valid at specific merchants, and if those aren’t part of your regular repertoire, the credit may go to waste.

Then there’s the opportunity cost involved in using your AMEX Platinum Charge for these transactions. Normally, you might be using other 4 mpd cards for these purchases, but instead you’ll be using the AMEX Platinum Charge with a much lower 0.78 mpd earn rate. 

Simply put: with different credits at different merchants with different T&Cs, the cognitive load on the cardholder increases exponentially. There’s more legwork to be done, more things to remember, and it won’t surprise me if some cardholders end up getting less value than before due to forgetfulness or laziness.

The potential upside has been increased, but you’re going to have to work for it. It’s a “coupon book” model that some some people won’t mind and others will absolutely detest, though the ability to get two sets of credits in the first year of membership will surely be a plus if nothing else. 


American Express has debuted its new S$1,204 statement credits for the AMEX Platinum Charge, which replace the old S$800 airline and hotel travel credits. While there is no cap on registrations, you should obviously register your card as soon as you can- the priority would be to use the entertainment credit, since that lapses every month. 

If you ask me, there’s very little to get excited about here. 

What do you make of the new AMEX Platinum Charge credits?

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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