New AMEX Platinum Charge offer: Up to 137,500 bonus MR points

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Apply for an AMEX Platinum Charge and enjoy up to 137,500 bonus MR points with S$10,000 spend, with alternative offers available for a lower S$6,000 spend.

 

⚠️ Story update: A third offer has now been added for new-to-AMEX customers, featuring 127,500 bonus MR points + S$200 eCapitaVouchers/S$350 Dairy Farm Group vouchers with a minimum spend of S$6,000 in 60 days. 

If you applied in the period from 1-3 April 2024, you’ll be receiving an email from American Express in the next few days providing the option to switch to this offer instead. If you prefer the original offer you applied for, you need not take any action.

American Express has launched a set of welcome bonuses for the AMEX Platinum Charge, which offer up to 137,500 bonus MR points for new-to-AMEX customers. 

 New-to-AMEX customersExisting AMEX customers
Welcome Offer 1137,500 bonus MR points with S$10,000 spend80,000 bonus MR points with S$6,000 spend
Welcome Offer 2132,500 bonus MR points with S$6,000 spendN/A
Welcome Offer 3127,500 bonus MR points + S$200 eCV/S$350 Dairy Farm vouchers with S$6,000 spendN/A

This is the largest number of MR points that’s been offered in recent memory, but the minimum spend has also been increased to S$10,000.

However, if you’re not able to meet that threshold, then there’s also an option of getting 132,500 bonus MR points, or 127,500 bonus MR points + S$200 eCapitaVouchers/S$350 Dairy Farm Group vouchers with a minimum spend of S$6,000.

AMEX Platinum Charge welcome offer

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-to-AMEX

AMEX Platinum Charge
 Offer 1Offer 2Offer 3
Spend S$5,000
(Mo. 1-3)
N/A5K pointsN/A
Spend S$6,000
(Mo. 1-2)
127.5K points127.5K points127.5K points + S$200 eCV or S$350 DFG vouchers
Spend S$10,000
(Mo. 1-2)
10K points
Base Points12.5K points
(S$10K @ 2 MR pts per S$1.60)
7.5K points
(S$6K @ 2 MR pts per S$1.60)
Total SpendS$10KS$6K
Total Return150K points140K points130K points
 Apply
ApplyApply
S$1,744 annual fee must be paid
❓ Definition

New-to-AMEX customers are defined as those who:

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

There is no “timeout period” for a customer with a recently-cancelled card to be considered new (provided the cancelled card is not a principal AMEX Platinum Charge). However, all approvals are subject to internal review. The AMEX Platinum Charge is a distinct product from the AMEX Platinum Credit Card and AMEX Platinum Reserve.

Offer 1: Up to 150K MR points

New-to-AMEX customers who apply by 15 April 2024 and receive approval by 20 April 2024 will receive:

  • 127,500 bonus MR points for spending S$6,000 within the first 60 days of approval
  • 10,000 bonus MR points if they spend a further S$4,000 (i.e. S$10,000 total) within the first 60 days of approval 
  • 12,500 base MR points for spending a total of S$10,000 (@ 2 MR points per S$1.60)

Offer 2: Up to 140K MR points

New-to-AMEX customers who apply by 15 April 2024 and receive approval by 20 April 2024 will receive:

  • 5,000 bonus MR points for spending S$5,000 in the first 90 days of approval
  • 127,500 bonus MR points for spending a further S$1,000 (i.e. S$6,000 total) within the first 60 days of approval
  • 7,500 base MR points for spending a total of S$6,000 (@ 2 MR points per S$1.60)

Offer 3: Up to 130K MR points + S$200 eCV or S$350 DFG

New-to-AMEX customers who apply and receive approval by 30 April 2024 will receive:

  • 127,500 bonus MR points + S$200 eCapitaVouchers or S$350 Dairy Farm Group vouchers for spending S$6,000 within the first 60 days of approval
  • 7,500 base MR points for spending a total of S$6,000 (@ 2 MR points per S$1.60)

Existing customers

AMEX Platinum Charge
Spend S$6,000
(Mo. 1-2)
80K points
Base Points7.5K points
(S$6K @ 2 MR pts per S$1.60)
Total SpendS$6K
Total Return87.5K points
Apply
S$1,744 annual fee must be paid
❓ Definition

Existing customers are defined as those who:

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

 The AMEX Platinum Charge is a distinct product from the AMEX Platinum Credit Card and AMEX Platinum Reserve.

Existing AMEX customers who apply by 15 April 2024 and receive approval by 20 April 2024 will receive:

  • 80,000 bonus MR points for spending S$6,000 within the first 60 days of approval
  • 7,500 base MR points for spending a total of S$6,000 (@ 2 MR points per S$1.60)

However, existing customers should be on the lookout for a targeted offer that’s going out by email, which offers 127,500 bonus MR points for existing customers who spend S$6,000 within 60 days of approval. It’s by far the best offer we’ve seen for existing customers, but the catch is you must receive an emailer to participate (thanks to Anthony in the comments for flagging this).

What counts as qualifying spend?

Qualifying spend refers to all online and offline retail purchases, whether in Singapore dollars or foreign currency.

It excludes the following transactions:

❌ Qualifying Spend Exclusions

a) Charges processed and billed prior to the Enrolment Date or charges prepaid on any Card Account prior to the first billing statement for that Card Account following the Enrolment Date;
b) Cash Advances and other cash services;
c) Express Cash;
d) American Express Travellers Cheque purchases;
e) Charges for dishonoured cheques;
f) Finance charges – including Line of Credit Charges and Credit Card interest charges;
g) Late payment and collection charges;
h) Tax refunds from overseas purchases;
i) Balance transfer;
j) Instalment plans;
k) Annual Card fees and Membership Rewards fees;
l) Pay portion billed for a “Pay + Points” rewards, where the Card  Member uses points along with paying a specific amount to redeem the reward;
m) Amount billed for purchase of Membership Rewards points to top-up your points balance;
n) Bill payments and all transactions via SingPost (e.g. SAM kiosks, mobile app, online portal);
o) Payments to insurance companies (except payments made for insurance products purchased through American Express authorized channel);
p) Payments to Singapore Petroleum Company Limited (SPC) service stations;
q) Payments for the purpose of GrabPay top-ups;
r) Payments to utilities merchants (with effect from 12 February 2021)
s) Payments to public/restructured hospitals, polyclinics and other public/restructured healthcare institutions and facilities (with effect from 1 October 2022);
t) Charges at merchants or establishments that are excluded by American Express at its sole discretion and notified by American Express to you from time to time.

For the avoidance of doubt, CardUp, private and non-profit hospital bills, charitable donations, education, and anything else not explicitly stated in the exclusion list will count as eligible spend. While American Express added charitable donations and education to its exclusions list on 1 October 2023, an exception has been carved out for the AMEX Platinum Charge.

Do note there are certain restrictions on AMEX payments with CardUp, as summarised in the article below. 

Explained: American Express restrictions on CardUp payments

Spending by both principal and supplementary cardholders will be combined when determining whether the minimum spend threshold has been met. 

When will bonus MR points be credited?

All bonus MR points will be credited within 12 weeks of meeting the spend threshold.

Any questions about the crediting of bonus points should be directed to American Express.

Terms & Conditions

The 5,000 bonus MR points with S$5K spend is the public MGM offer, and T&Cs can be viewed on the MGM landing page. 

How does this compare to previous offers?

For the sake of comparison, here’s a summary of the recent welcome offers we’ve seen for the AMEX Platinum Charge. 

⚠️ Important Note
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 fashion credit 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

💳 AMEX Platinum Charge Welcome Offers
(New-to-AMEX)

DateMin. SpendBonus MR Points
Current (Offer 1)S$10,000137,500
Current (Offer 2)S$6,000132,500
1-31 Mar 24S$6,000127,500 + RC stay
29 Jan – 28 Feb 24S$6,000132,500 + S$200 voucher
27 Sep 23- 28 Jan 24S$6,000132,500
12-26 Sep 23S$8,00060,000 + Samsonite luggage
5-11 Sep 23S$10,000100,000
1 Aug to 4 Sep 23S$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
Spending time periods may not be the same across all offers; refer to the respective articles for the full details

Existing customers

💳 AMEX Platinum Charge Welcome Offers
(Existing AMEX customer)

DateMin. SpendBonus MR Points
CurrentS$6,00080,000
29 Jan – 28 Feb 24S$6,00085,000
12-26 Sep 23S$8,00060,000
5-11 Sep 23S$8,00060,000
1 Aug to 4 Sep 23S$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
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 MR points to airline miles or hotel points at the following rates:

💳 Membership Rewards Transfer Partners
Frequent Flyer ProgrammeConversion Ratio
(AMEX: Partner)
400:250
450:250
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 enjoy 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
  • 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

The S$1,354 of statement credits are 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

For more details on how to use them, refer to this comprehensive guide.

Because your first membership year will overlap with two calendar years, 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. 

This creates what I call the “first year sweet spot”, where the value you get is significantly more than the annual fee. To understand this better, check out the guide below.

The AMEX Platinum Charge first-year sweet spot

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 AMEX Platinum Charge welcome offer gives new-to-AMEX customers up to 137,500 bonus MR points, though the minimum spend is now a hefty S$10,000. However, there are alternative offers which require minimum spends of just S$6,000. 

If you’re an existing AMEX customer, your welcome offer is the same as before, namely 80,000 bonus MR points for S$6,000 spend.

An AMEX Platinum Charge is no small investment, so be sure to read my repository of articles to learn how you can get the most out of your card!

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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Anthony

There seems to be an offer for existing AMEX card holders to also earn 135,000 points via https://www.americanexpress.com/en-sg/credit-cards/live-platinum/index.html?sourcecode=A0000HERHM&intlink=en-sg-hp-hero-cm-ia-032024. Not sure if i understood that correctly.

Jason

Pls do so I can apply through your site.and support your amazing work!

Jason

Awesome!

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