American Express has unveiled its latest AMEX Platinum Charge sign-up offer, which is valid for applications up till 11 September 2023.
- New cardholders will receive 100,000 bonus Membership Rewards (MR) points when they spend S$10,000 in the first two months of approval
- Existing AMEX cardholders will receive 60,000 bonus MR points when they spend S$8,000 in the first two months of approval
Compared to the previous offer, the bonus for new customers has been slightly upsized (from 95,000 MR points), while the minimum spend requirement has been cut by 33%. For existing customers, the bonus has been slightly downsized (from 70,000 MR points), but the minimum spend requirement has also been cut by 20%.
For perspective, this is the lowest minimum spend we’ve seen for an AMEX Platinum Charge acquisition offer in the past 12 months.
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. 1-2) |
100K | |
| Base Points from S$10,000 (@ 2 pts/S$1.60) |
12.5K | |
| Spend S$8,000 (Mo. 1-2) |
60K | |
| Base Points from S$8,000 (@ 2 pts/S$1.60) |
10K | |
| Total Spend | S$10K | S$8K |
| Total Points | 112.5K | 70K |
| 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. However, all approvals are subject to internal review. |
New customers who sign-up via The MileLion will receive 100,000 bonus MR points when they apply by 11 September 2023, receive approval by 25 September 2023, and spend S$10,000 in the first 60 days of approval.
This is on top of the 12,500 base MR points they’ll receive for spending S$10,000 at a rate of 2 MR points per 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 60,000 bonus MR points when they apply by 11 September 2023, receive approval by 25 September 2023, and spend S$8,000 in the first 60 days of approval.
This is on top of the 10,000 base MR points they’ll receive for spending S$8,000 at a rate of 2 MR points per S$1.60.
When will bonus MR points be credited?
In terms of crediting timelines:
- 60,000/100,000 MR points will be credited within 12 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, education, 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 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$10,000 | 100,000 |
| 1 Aug to 4 Sep 23 | S$15,000 | 95,000 |
| 4-31 Jul 23 | 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 |
| Spending time periods may not be the same across all offers; refer to the respective articles for the full details |
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Existing customers
| Date | Min. Spend | Bonus MR Points |
| Current | S$8,000 | 60,000 |
| 1 Aug to 4 Sep 23 | S$10,000 | 70,000 |
| 4-31 Jul 23 | 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 |
| Spending time periods may not be the same across all offers; refer to the respective articles for the full details | ||
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:
| 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 |
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400:250 |
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400:250 |
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400:250 |
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400:250 |
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400:250 |
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400:250 |
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400:250 |
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1,000:1,000 |
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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 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 Lounges
- 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 100,000 bonus MR points to customers who submit their applications by 11 September 2023. This is one of the better welcome offers we’ve seen, particularly because the minimum spend has been cut to just S$10,000, the lowest level in 12 months.
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!
