AMEX Platinum Charge offering 95,000 MR points sign-up bonus

Expired

From now till 4 September 2023, enjoy a sign-up bonus of 70,000-95,000 MR points with a new AMEX Platinum Charge.

American Express has unveiled its latest AMEX Platinum Charge sign-up offer, which is valid for applications up till 4 September 2023.

New cardholders who apply via The MileLion will receive up to 95,000 bonus Membership Rewards (MR) points when they spend S$15,000 in the first three months of approval. Existing AMEX cardholders will receive 70,000 bonus MR points with a minimum spend of S$10,000.

If you’re an existing AMEX cardholder, this offer is the same as what we saw last month. However, for new cardholders this is weaker to the tune of 20,000 MR points. If you don’t have an immediate need, I might hold off on applying for now and wait for a better offer to come along.

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
Apply Here
 New CustomersExisting Customers
Spend S$8,000
(Mo. 1-3)
20K20K
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 SpendS$15KS$10K
Total Points113.75K82.5K
 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

❓ Definition

New customers are defined as those who:

  • Have not cancelled an AMEX Platinum Charge in the past 24 months
  • Do not currently hold an existing principal American Express consumer card (AMEX cards issued by Citi/DBS/UOB do not count, nor does the AMEX HighFlyer Card)

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 20,000 bonus MR points when they apply by 4 September 2023, receive approval by 18 September 2023, and spend S$8,000 in the first 90 days of approval.

If they spend a further S$7,000 (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 113,750 MR points, broken down as follows:

  • 20,000 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

❓ Definition

Existing customers are defined as those who:

  • Have not cancelled an AMEX Platinum Charge in the past 24 months

Existing AMEX customers who sign-up via The MileLion will receive 20,000 bonus MR points when they apply by 4 September 2023, receive approval by 18 September 2023, and spend S$8,000 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 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

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

DateMin. SpendBonus MR Points
CurrentS$15,00095,000
4-31 Jul 23S$15,000115,000
1 Jun to 3 Jul 23S$15,000100,000
1 Feb to 31 May 23S$15,00095,000
3 Nov 22 to 31 Jan 23S$20,000110,000
2-31 Oct 22S$20,000175,000

Existing customers

DateMin. SpendBonus MR Points
CurrentS$10,00070,000
4-31 Jul 23S$10,00070,000
1 Jun to 3 Jul 23S$10,00055,000
1 Feb to 31 May 23S$10,00060,000
3 Nov 22 to 31 Jan 23S$20,000110,000
2-31 Oct 22S$20,000140,000

What can you do with Membership Rewards points?

AMEX Platinum Charge cardholders can convert Membership Rewards points to airline miles or hotel points at the following rates:

💳 Membership Rewards Transfer Partners
Frequent Flyer ProgrammeConversion Ratio
(AMEX: Partner)
400:250
400:250
asia miles logo400:250
british airways logo400:250
400:250
evaair logo400:250
400:250
enrich logo400:250
qantas logo400:250
thai airways logo400:250
1,000:1,000
1,000:1,250

Do note that AMEX Platinum Charge cardholders receive a preferential conversion rate of 400 points = 250 airline miles, compared to regular cardholders who get 450 points = 250 airline miles.

Membership Rewards points do not expire, and all conversions are free of charge.

AMEX Platinum Charge: Key benefits

AMEX Platinum Charge cardholders enjoy S$1,354 of annual statement credits, plus free hotel stays, dining vouchers, airport lounge access and more

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

Apply Here

The latest sign-up bonus for the AMEX Platinum Charge card offers up to 95,000 bonus MR points to customers who submit their applications by 4 September 2023.

If you count as new to AMEX cards, however, my advice would be to hold off on application until we see a stronger offer come round.

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!

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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Mr Miles (not the history teacher!)

Hi Aaron, if I cancelled a Platinum Charge supplementary card in the last 24 months, do I count as a new customer if I applied under this promotion?

Mr Miles (not the history teacher!)

Hi Aaron, if I still hold a Platinum Charge supplementary card while signing up for this promotion, do I count as a new customer then?

Vince

Hello Saw on AMEX website that AMEX is offering 75000 MR + 400 SGD Statement point on their own. If we use Milelion’s promo code, will we also get that 400 SGD statement point on top of the 95000 MR points?

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