American Express has unveiled its latest AMEX Platinum Charge sign-up offer, which is valid for applications up to 31 July 2023 (extended from 17 July 2023).
New cardholders who apply via The MileLion will receive up to 115,000 bonus Membership Rewards (MR) points when they spend S$15,000 in the first three months of approval. Existing cardholders will receive 70,000 bonus MR points with a minimum spend of S$10,000.
As a reminder, the AMEX Platinum Charge no longer has a published income requirement. A minimum income requirement of S$120,000 p.a. is required for a card with no preset spending limits, but approval is otherwise subject to internal assessment.
New AMEX Platinum Charge sign-up offer
 AMEX Platinum Charge |
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| Apply Here |
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| New Customers | Existing Customers | |
| Spend S$10,000 (Mo. 1-3) |
40K | 20K |
| Spend S$15,000 (Mo. 1-3) |
75K | |
| Base Points from S$15,000 (@ 2 pts/S$1.60) |
18.75K | |
| Spend S$10,000 (Mo. 1-3) |
50K | |
| Base Points from S$10,000 (@ 2 pts/S$1.60) |
12.5K | |
| Total Spend | S$15K | S$10K |
| Total Points | 133.75K | 82.5K |
| S$1,728 annual fee must be paid | ||
American Express is offering two different sign-up offers for the AMEX Platinum Charge, depending on whether you count as a new or existing customer.
New customers
| โ Definition |
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New customers are defined as those who:
For avoidance of doubt, there is no “timeout period” for a customer with a recently-cancelled card to be considered new. For example, if you only have an AMEX KrisFlyer Ascend, and you cancel that card today, you’ll count as a new customer for the purposes of an AMEX Platinum Charge application. However, all approvals are subject to internal review. |
New customers who sign-up via The MileLion will receive 40,000 bonus MR points when they apply by 31 July 2023, receive approval by 14 August 2023, and spend S$10,000 in the first 90 days of approval.
If they spend a further S$5,000 (i.e. S$15,000 total), they will receive a further 75,000 bonus MR points.
To summarise the offer, by spending S$15,000 in the first 90 days of approval, they will receive 133,750 MR points, broken down as follows:
- 40,000 bonus MR points (MileLion bonus)
- 75,000 bonus MR points (sign-up bonus)
- 18,750 base MR points (S$15,000 @ 2 MR points/S$1.60)
Existing customers
| โ Definition |
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Existing customers are defined as those who:
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Existing AMEX customers who sign-up via The MileLion will receive 20,000 bonus MR points when they apply by 31 July 2023, receive approval by 14 August 2023, and spend S$10,000 in the first 90 days of approval.
On top of this, they will receive a further 50,000 bonus MR points, per the current public offer.
To summarise the offer, by spending S$10,000 in the first 90 days of approval, they will receive 82,500 MR points, broken down as follows:
- 20,000 bonus MR points (MileLion bonus)
- 50,000 bonus MR points (sign-up bonus)
- 12,500 base MR points (S$10,000 @ 2 MR points/S$1.60)
When will bonus MR points be credited?
In terms of crediting timelines:
- 20,000/40,000 MR points will be credited within 12 weeks of meeting the spend threshold
- 50,000/75,000 MR points will be credited within 10 weeks of meeting the spend threshold
Any questions about the promotion should be directed to American Express.
What counts as qualifying spending?
American Express has a list of excluded spending categories here, but the key ones to note are:
- GrabPay top-ups
- Insurance
- Public hospitals and polyclinics
- SPC transactions
- Utilities
For the avoidance of doubt, CardUp, private and non-profit hospital bills, donations, and anything else not explicitly stated in the exclusion list will count as eligible spend.
Spending by both principal and supplementary cardholders will be pooled when determining whether the minimum spend threshold has been met.
Terms & Conditions
- 20,000/40,000 MR points for S$10,000 spend
- 50,000/75,000 MR points for S$10,000/S$15,000 spend
This offer cannot be further stacked with any MGM bonuses, and terminating the card within six months of approval will lead to a clawback of the sign-up bonus.
How does this compare to previous offers?
For reference, here’s how the current offer compares the previous few we’ve seen.
When comparing offers across time periods, you should factor in that American Express introduced added $1,204 of annual statement credits in Feburary 2023, and a further S$150 in April 2023. This makes the first year more lucrative (because you enjoy two sets of statement credits), but has led to a commensurate fall in the number of bonus points on offer.
New customers
| Date | Min. Spend | Bonus MR Points |
| Current | S$15,000 | 115,000 |
| 1 Jun to 3 Jul 23 | S$15,000 | 100,000 |
| 1 Feb to 31 May 23 | S$15,000 | 95,000 |
| 3 Nov 22 to 31 Jan 23 | S$20,000 | 110,000 |
| 2-31 Oct 22 | S$20,000 | 175,000 |
Existing customers
| Date | Min. Spend | Bonus MR Points |
| Current | S$10,000 | 70,000 |
| 1 Jun to 3 Jul 23 | S$10,000 | 55,000 |
| 1 Feb to 31 May 23 | S$10,000 | 60,000 |
| 3 Nov 22 to 31 Jan 23 | S$20,000 | 110,000 |
| 2-31 Oct 22 | S$20,000 | 140,000 |
What can you do with MR points?
AMEX Platinum Charge cardholders can convert Membership Rewards points to airline miles or hotel points at the following rates:
| ๐ณ Membership Rewards Transfer Partners | |
| Frequent Flyer Programme | Conversion Ratio (AMEX: Partner) |
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400:250 |
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400:250 |
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400:250 |
 |
400:250 |
 |
400:250 |
 |
400:250 |
 |
400:250 |
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400:250 |
 |
400:250 |
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400:250 |
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1,000:1,000 |
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1,000:1,250 |
Membership Rewards points do not expire, and all conversions are free of charge.
AMEX Platinum Charge: Key benefits
AMEX Platinum Charge cardholders can look forward to benefits such as:
- S$1,354 of dining, entertainment, lifestyle, travel and fashion credits each calendar year
- COMO Club C5 membership with S$260 of annual birthday vouchers (valid for both principal and supp. cards)
- Unlimited airport lounge access for the cardholder + 1 guest
- Priority Pass Lounges
- Centurion Lounges
- International American Express Lounges
- Delta SkyClub
- Plaza Premium Lounges
- One complimentary hotel night every membership year, redeemable at worldwide participating properties including Banyan Tree, Mandarin Oriental and Ritz-Carlton hotels
- Tower Club access
- Tower Club & assorted dining vouchers
- Access to the American Express Fine Hotels + Resorts programme, which offers perks such as free breakfast, room upgrades (subject to availability), a US$100 experience credit and guaranteed late check-out
- Hilton Honors Gold status, Marriott Bonvoy Gold Elite status, Pan Pacific DISCOVERY Platinum status & Radisson Rewards Premium status
- American Express Love Dining
- American Express Chillax
- Platinum Golf privileges
AMEX Platinum Charge cardholders receive S$1,354 of statement credits each calendar year, split into:
- S$150 fashion credits at Mr Porter and NET-A-PORTER (disbursed as S$75 per six-month period)
- 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 (disbursed as S$17 per month)
- S$200 airline credits for Singapore Airlines or Scoot
Guide: AMEX Platinum Charge annual S$1,354 statement credits
Because your first membership year will overlap with two calendar years (unless you somehow happen to get approved on 1 January), you can enjoy two sets of credits in your first membership year (except the entertainment credits, which are disbursed on a monthly basis), regardless of whether you choose to renew your card from the second year onwards.
In order to get maximum value, be sure to share the AMEX Platinum Charge’s benefits with friends and family. Two supplementary cards are free for life, and enjoy perks such as Como C5 membership , complimentary lounge access, hotel elite status, Tower Club access and AMEX Love Dining & Chillax.
Conclusion
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| Apply Here |
The latest sign-up bonus for the AMEX Platinum Charge card offers up to 115,000 bonus MR points to customers who submit their applications by 31 July 2023. It’s more lucrative for new-to-AMEX customers, however, as is the trend with most recent American Express acquisition offers.
As the AMEX Platinum Charge is no small investment, be sure to read my repository of articles on the AMEX Platinum Charge before pulling the trigger!
