Four Money Hacks to Live Your Best Life with The American Express Platinum Credit Card

Alevin Chan

Alevin Chan

Last updated 18 March, 2024

With S$200 Lifestyle Credits, up to 50% off fine dining, elevated rewards with 10Xcelerator by Membership Rewards® at selected brands, and stackable privileges, the American Express Platinum Credit Card is meant for those living life on the next level. Here’s everything this credit card can do for you.

The American Express Platinum Credit Card (henceforth, Amex Platinum Credit Card) is a rewards card that offers top-tier dining, fashion, entertainment and lifestyle benefits. 

However, instead of earning cashback or air miles, you generate value on your spending through a combination of rewards points, lifestyle credits, and discounts. Even better, you can stack your privileges to derive more value, making your spending more and more rewarding. 

But that’s not all. This card also comes with a slew of exclusive benefits aimed at the well-heeled, helping you enjoy more of the things you like – from dining and nightlife to retail and wellness. 

In a nutshell, the Amex Platinum Credit Card is worth considering if you’re looking for the best credit card that not only keeps up with your lifestyle but actively facilitates and rewards your aspirations to live life on another level. 

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How to enjoy your success with The American Express Platinum Credit Card

#1 Enjoy S$200 Lifestyle Credit for fashion and dining

The Amex Platinum Credit Card rewards you with lifestyle credits that are granted when you make qualifying transactions with participating partners, including Love, Bonito, Uniqlo, Montblanc, HUGO Boss, and many more. 

You’ll get back S$100 in statement credits for S$100 (or more) spent in a single transaction. And you can redeem this benefit twice a year – once between January to June and another from July to December. 

Note that you’ll need to enrol for Lifestyle Credits, and redemptions are only valid upon payment of the full credit card annual fee.

#2 Save up to 50% off fancy meals with Love Dining by Platinum

Love fine dining at restaurants or treating yourself to a buffet during a hotel staycation? You can save up to 50% on your bill with the Amex Platinum Credit Card.

This perk is offered under Love Dining by Platinum, which gives you sumptuous discounts when dining at some of the 5-star hotels such as St. Regis Singapore and W Singapore or upscale restaurants like Mikuni, Wooloomooloo Steakhouse and Si Chuan Dou Hua. 

Simply make a booking via the card’s concierge, or directly with the participating restaurant, show up for your meal, and pay with you Amex Platinum Credit Card to enjoy the discount. There’s no limit to how often you can use this privilege. 

Note that the discount varies according to the size of the dinner party, as listed below. Other terms and conditions may apply. 

  • Two to dine: 50% off
  • Three to dine: Up to 35% off
  • Four to dine: 25% off
  • Five to 20 diners: 20% off
  • Dining alone: Up to 15% off

#3 Enter a world of benefits and supercharge your rewards with 10Xcelerator by Membership Rewards®

When you spend at qualifying merchants, you earn 10 Membership Rewards points per S$1.60 spent.

You can earn this awesome rate at any 10Xcelerator Partner, which currently includes fine dining at restaurants and hotels, haute couture, jewellery and watches, fine living home and lifestyle merchants, cafes and lounges, as well as beauty and cosmetics. 

You’ll also earn points for all other transactions at 2 Membership Rewards points per S$1.60. The best part: Membership Rewards points never expire, and there is no limit to how many points you can earn. So, you can accumulate your points at your own pace until you’re ready to offset your next bill or redeem that latest Apple device from the Amex Apple Rewards Store you’ve been eyeing. 


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Amex Platinum Credit Card Welcome Gift: Enjoy the following rewards when you sign up for an American Express Platinum Card:
 
For New-to-American Express Card Members: Receive S$400 eCapitaVouchers + 1,250 Membership Rewards® points when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 29 May 2024.  T&Cs apply.
 
For Existing American Express Card Members: Receive up to 58,750 Membership Rewards® points when you pay the annual fee and make a minimum spend of S$1,000 within the first month of card approval. Valid till 30 April 2024. T&Cs apply.


#4 Stack up your privileges to get max value from your spending

Now, here’s where things get exciting. Remember how we said how you can stack your privileges together to get even more value out of your transactions? Here’s how you can do so. 

Let’s assume you spend S$200 at a Love Dining partner restaurant. As a party of two, you are entitled to 50% off your bill, bringing your bill to S$100.

You pay the S$100 bill and then receive a S$100 Lifestyle Credit for the transaction. This brings your total spend for the meal down to S$0 – you’ve just enjoyed a fine dining meal for two, completely for free! 

What’s more, you can also use your Membership Rewards points to offset your credit card statement balance. For eligible purchases, pay fully or in part at the special rate of 1,000 points = S$6. Compared to the regular Pay with Points rate of 1,000 points = S$4.80, you’ll be getting 25% more value.


Other perks and privileges to look forward to

Chillax by Platinum

Chillax by Platinum grants you a free welcome drink with purchase or 1-for-1 on your first drink.

This perk is valid at some of the hottest bespoke bars and lounges in the city, such as Chandu and Wallich Manor. Subject to blackout dates and other terms and conditions that may be imposed by the merchant. 

Comoclub Membership

With the Amex Platinum Credit Card, you’ll be granted a 12-month complimentary C4 Membership without having to meet the S$15,000 spending requirement. 

Besides earning 4 COMO Credits per S$1 spent, your Comoclub membership will also entitle you to discounts and promotions across an array of travel, wellness, dining and lifestyle providers. Also, you can enjoy birthday benefits, ranging from Double Comocredits to shopping and dining treats. All the better to live the good life!

Pay with Points

Pay with Points allows you to redeem your Membership Rewards points for statement offsets. Doing so will help you free up cash for other uses. 

Note that Pay with Points requires a minimum of 1,000 points per transaction. 

Platinum Wellness

Self-care is important to keep you looking and feeling your best. With Platinum Wellness, enjoy up to 25% discount on à la carte spa services at The Ultimate, Spa Rael and Adeva Spa. 

Platinum Golf

Golfers will like this one. The Amex Platinum Credit Card grants complimentary green fees with a paying companion and privileged access to some of the most popular golfing clubs in the region. Applicable at over 40 golf clubs in Singapore, Cambodia, Philippines, Malaysia, Indonesia, Thailand and Vietnam.

Peace of Mind

As a Card Member, you can look forward to a range of insurance benefits to help look after the little details, so you can better focus on living your best life. Eligible transactions will be covered by Travel Accident Insurance, Fraud Protection and American Express Global AssistTM, as applicable.

Enjoy complimentary Travel Accident Insurance of up to S$1 million when you purchase your travel tickets with your Platinum Credit Card. Meanwhile, with American Express’ No Worries Guarantee, you can get a refund for most purchases worth up to S$800 per item, even if the store does not agree to your refund request. 

Purchases are also automatically insured against accidental damage or theft, up to S$10,000 per incidence of theft or damage, under the 90-day purchase protection clause. 

See also: Credit Card Travel Insurance vs Travel Insurance: What’s the Difference?


Welcome offer not to be missed

The Amex Platinum Credit Card is not to be missed for go-getters seeking a credit card that matches their lifestyles

If you’re thinking of applying, do so now so that you don’t miss out on this amazing welcome offer

Sign up now and enjoy up to S$400 eCapitaVouchers with an annual fee payment (S$327) and a minimum spend of S$1,000 within the first month. Terms and conditions apply. 

Disregarding the perks and privileges offered by the card for now, this welcome offer means you will receive up to S$400 in value in return for spending S$1,000+ S$327 – that’s up to 30.1% in cashback!


Live your best life with the Amex Platinum Credit Card

The Amex Platinum Credit Card is designed for ambitious individuals who aspire to celebrate their success while being financially savvy. Its selection of benefits, perks and privileges meld well together, making for a system that rewards you with immense value the more you use it. 

If you’ve been looking for a card that keeps up with you and your purchases without having to jump through hoops, the Amex Platinum Credit Card may well bring your search to a close. 

Terms and conditions apply to the benefits mentioned in this article. 

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This article was written in partnership with American Express. 

 

An ex-Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.

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