AMEX Platinum Charge adds S$100 eCapitaVoucher to 131,000 bonus MR points welcome offer

Expired

From now till 30 September 2024, both new and existing AMEX customers get an extra S$100 eCapitaVoucher on top of up to 131,00 bonus MR points with a new AMEX Platinum Charge.

Back in July, American Express launched a welcome offer of up to 131,000 bonus MR points for the AMEX Platinum Charge.

The offer has now been further enhanced with the addition of a S$100 eCapitaVoucher, which is offered to both new-to-AMEX and existing AMEX cardholders. All other terms including minimum spend remain the same.

AMEX Platinum Charge
  New-to-AMEX customers Existing AMEX customers
Welcome Offer 131,000 bonus MR points
+ S$100 eCV
120,000 bonus MR points
+ S$100 eCV
Min. Spend S$8,000 spend in 60 days

By way of recap, new-to-AMEX and existing AMEX customers can earn 131,000 bonus MR points and 120,000 bonus MR points respectively with a minimum spend of S$8,000 in the first 60 days.

If you’re an existing AMEX customer, then I’d consider this to be the strongest welcome offer we’ve ever seen (there was a 127,500 bonus MR points offer from April-May 2024, but a S$100 eCapitaVoucher is worth more than 7,500 MR points in my mind).

๐ŸŽ Don’t forget MGM!
If you apply via the American Express MGM programme, you can get up to S$100 extra cashback on top of the public bonuses (though you won’t get the S$100 eCapitaVoucher. Refer to this post for more details. 

This promotion is part of American Express’ 30 Million Miles Campaign, which offers a limited-time upsize of welcome offers for the AMEX Platinum Charge, AMEX KrisFlyer Ascend and AMEX KrisFlyer Credit Card until the miles pool is exhausted. An additional 9.9 million miles was topped up to the pool recently, so there’s still time to take advantage of the offers. 

โ“ What happens when the miles pool runs dry?

In case you’re concerned about what happens when the 30,000,000 miles run out, don’t worry. The campaign doesn’t literally end the moment the miles pool is exhausted. That’s just a signal that it’s time to wrap up the campaign, and I’ll update this article accordingly to reflect the new end date. No update means the campaign is stil live!

In other words, anyone who submits an application during the promotion period will be eligible for the upsized welcome offer, even if the pool runs out before approval.

AMEX Platinum Charge welcome offer

AMEX Platinum Charge
Apply
  New-to-AMEX
Existing
Pay S$1,744 Annual Fee 40,000 MR points + S$100 eCV 40,000 MR points + S$100 eCV
Spend S$8,000
(First 60 days)
91,000 MR points 80,000 MR points
Base Points from S$8,000
(@ 2 pts/S$1.60)
10,000 MR points 10,000 MR points
Total Spend S$8,000  S$8,000
Total Return 141,000 MR points + S$100 eCV
130,000 MR points + S$100 eCV

American Express is offering two different sign-up offers for the AMEX Platinum Charge, depending on whether you count as a new-to-AMEX or existing AMEX customer.

New-to-AMEX

โ“ 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.

New-to-AMEX customers who apply for an AMEX Platinum Charge and receive approval from 6-30 September 2024 will receive:

  • 40,000 bonus MR points + S$100 eCV for paying the S$1,744 annual fee
  • 91,000 bonus MR points spending S$8,000 within the first 60 days of approval
  • 10,000 base MR points (based on S$8,000 spend @ 2 MR points per S$1.60)

All in all, that’s 141,000 MR points & a S$100 eCV for S$8,000 of spend. 

Existing customers

โ“ 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 for an AMEX Platinum Charge and receive approval from 6-30 September 2024 will receive:

  • 40,000 bonus MR points + S$100 eCV for paying the S$1,744 annual fee
  • 80,000 bonus MR points spending S$8,000 within the first 60 days of approval 
  • 10,000 base MR points (based on S$8,000 spend @ 2 MR points per S$1.60)

All in all, that’s 130,000 MR points & a S$100 eCV for S$8,000 of spend. 

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:

โŒ 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 โ€“ 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 โ€œPay + Pointsโ€ 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 was carved out for the AMEX Platinum Charge.

If you plan to use CardUp to meet the minimum spend, do note that there are certain restrictions on AMEX payments. However, there’s also a ongoing offer that reduces the admin fee to as low as 1.8%, which is a great way to meet the minimum spend for the welcome offer. 

CardUp x AMEX promo: Buy miles from 1.36 cents, meet welcome offer minimum spend

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?

Bonus MR points and the S$100 eCV for paying the annual fee will be awarded within 12 weeks of the date the annual fee is paid.

Bonus MR points for meeting the minimum qualifying spend will be awarded within 10 weeks of meeting the spend threshold.

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

Terms & Conditions

The T&Cs for this offer can be found here.

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.

New customers

๐Ÿ’ณ AMEX Platinum Charge Welcome Offers
(New-to-AMEX)

Date Min. Spend Bonus MR Points
Current S$8,000 131,000 + S$100 eCV
24 Jul – 5 Sep 24 S$8,000 131,000
1-23 Jul 24 S$8,000 93,000
30 May-30 Jun 24 S$6,000 132,500
9-29 May 24 S$6,000 127,500 + S$350 voucher or Samsonite luggage
1 Apr-8 May 24 S$10,000 137,500
1-31 Mar 24 S$6,000 127,500 + RC stay
29 Jan – 28 Feb 24 S$6,000 132,500 + S$200 voucher
27 Sep 23- 28 Jan 24 S$6,000 132,500
12-26 Sep 23 S$8,000 60,000 + Samsonite luggage
5-11 Sep 23 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
Spending time periods may not be the same across all offers; refer to the respective articles for the full details

Existing customers

๐Ÿ’ณ AMEX Platinum Charge Welcome Offers
(Existing AMEX customer)

Date Min. Spend Bonus MR Points
Current S$8,000 120,000 + S$100 eCV
24 Jul – 5 Sep 24 S$8,000 120,000
1-23 Jul 24 S$8,000 93,000
30 May-30 Jun 24 S$6,000 85,000
5 Apr-29 May 24 S$6,000 127,500
29 Feb – 4 Apr 24 S$6,000 80,000
29 Jan – 28 Feb 24 S$6,000 85,000
12-26 Sep 23 S$8,000 60,000
5-11 Sep 23 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
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:

๐Ÿ’ณ Membership Rewards Transfer Partners
Frequent Flyer Programme Conversion Ratio
(AMEX: Partner)
400:250
450:250
asia miles logo 400:250
british airways logo 400:250
400:250
evaair logo 400:250
400:250
enrich logo 400:250
qantas logo 400:250
thai airways logo 400:250
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.

Guide: AMEX Platinum Charge annual S$1,354 statement credits

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 section on the welcome bonus will be out of date, but all the other information is otherwise current).

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.

Also be sure to sign up for an A/C card to enjoy additional AMEX offers, which can save you money or earn extra MR points. 

Conclusion

AMEX Platinum Charge
Apply

The latest AMEX Platinum Charge welcome offer adds a S$100 eCapitaVoucher to the 120,000/131,000 bonus MR points for existing/new-to-AMEX customers. It’s an especially great offer for existing AMEX customers, since the acquisition bonus is usually in the five digit range.

An AMEX Platinum Charge is no small investment, so be sure to weigh the cost and benefits carefully before you apply!

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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Claire

If one signs up now and cancels after one year, will they be able to use the statement credits for 2025? Or rather, will Amex allow the customer to cancel even if they have used statement credits for both calendar years (2024/2025)?

blackforest

if an existing Amex charge card holder renews the card, will he be eligible for the existing customer offer?

fengaw

Amex way of treating their existing card holder is abysmal, I would assume that you will not be eligible for it

bing

the link isn’t working ๐Ÿ™ tried to apply

Tofu

I wish they give out Ritz Carlton staycay once more.. itโ€™s much more valuable than $100 voucher

Jun Wei

Hi can i ask, if i spend on grand cru and get the 400$ credit back, does it count $600 towards my 8k spend? Or will amex reduce the amount counted due to the statement credit being returned?

Han

Hello, if I were to apply now and the pool runs out say by end-Sep, does this mean that I will only get 98k MR points instead of the guaranteed 141k MR points? Assuming I hit the qualifying spend of 8k within 2 months

Junu

Do you recommend this card ? I currently have it but have not activated it yet. Am still thinking hard if I even use the perks … and don’t want to force myself to buy something worth 8k within 2 mths..