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.
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| 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 |
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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).
| ๐ 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? |
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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 |
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New-to-AMEX customers are defined as those who:
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:
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 Qualifying Spend Exclusions |
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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; |
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
| ๐ณ AMEX Platinum Charge Welcome Offers (New-to-AMEX) |
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| 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 |
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Existing customers
| ๐ณ AMEX Platinum Charge Welcome Offers (Existing AMEX customer) |
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| 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:
| ๐ณ Membership Rewards Transfer Partners | |
| Frequent Flyer Programme | Conversion Ratio (AMEX: Partner) |
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400:250 |
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450:250 |
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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 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).
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!
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)?
short answer: you can use 2 calendar years statement credit in your first membership year.
long answer: https://milelion.com/2023/07/30/psa-how-statement-credit-usage-affects-amex-platinum-charge-cancellations/
if an existing Amex charge card holder renews the card, will he be eligible for the existing customer offer?
Amex way of treating their existing card holder is abysmal, I would assume that you will not be eligible for it
the link isn’t working ๐ tried to apply
which link are you referring to?
https://www.americanexpress.com/sg/campaigns/milelion.html#platcharge
works for me.
I wish they give out Ritz Carlton staycay once more.. itโs much more valuable than $100 voucher