American Express Singapore Airlines Business Credit Card
Last updated: Jul 2021
S$ 30,000
Min. Annual Income
8.5 %
Cashback
on eligible SIA Group Flights
Earn 8.5 HighFlyer points per S$1 spent on eligible SIA Group flights
1.8 %
Cashback
on all other spend
Earn 1.8 HighFlyer points per S$1 spent on all other eligible purchases worth 1.8% cashback

Welcome Offers from American Express

OFFER 1
Receive S$300 statement credit
  • Promotion valid for new American Express cardmembers only
  • A min. spend of S$5,000 on goods and services is required within 3 months of card approval
  • Annual fee must be paid (from 2nd year onwards)
  • First-year annual fee waiver promo ends on 31 Dec 2021
    • Terms and Conditions apply
    Need some help?
    No worries, we've got you covered!

    Credit cards allow you to spend on your purchases today and make payment in the future, when it’s time to settle your monthly bill. If you miss the monthly payment, you will be charged a hefty interest rate of around 25% p.a.

    The main draw about credit cards is that they help ease cash flow – you don’t have to suffer an immediate outflow of money as you’re spending ‘future money’. Besides being able to spend before you receive your pay, credit cards also reward you for your spending in the form of cashback, miles or reward points.


    You can apply for a credit card online or using physical forms available at banks. Fill up the personal details required, submit the relevant documents (such as your NRIC and payslip or latest CPF statements), and wait for the application to be approved.

    Most banks also offer the option of applying via MyInfo using SingPass. Applying via MyInfo speeds up the application process as most of the information required would have been pre-filled in for you. Sometimes, there are promos where you get rewarded cash gifts by applying with MyInfo.


    When using a debit card, the money you spend is immediately deducted from the bank account linked to the debit card. You cannot spend more than the amount you currently have in your account.

    On the other hand, credit cards allow you to spend on credit. This means that you do not actually make the payment for the purchase until you receive your credit card statement at the end of the statement or calendar month.


    There are three main types of credit cards: cashback, miles and rewards cards. The credit card you choose would depend on your spending habits and personal preference. You can read this article to find out which of the three types is best for you.

    If you are looking for a credit card for a specific spending type, you can check out these articles to find the best credit cards for:

    Visa, Mastercard and American Express are different credit card payment networks. Most credit card providers offer one or two of the card networks for their credit cards. For example, for DBS Altitude, you can get either the DBS Altitude Visa Signature or DBS Altitude American Express. UOB PRVI on the other hand, offers all three options — UOB PRVI Miles Visa UOB PRVI Miles Mastercard and UOB PRVI Miles American Express.

    From a cardmember’s standpoint, the payment in general does not differ, although there are a handful of places that might not accept American Express cards. The perks offered by these card providers do make a difference, in terms of dining promotions, airport transfers, lounge access, hotel benefits and more.


    The most common fee you’ll incur with a credit card is the annual fee. This annual fee typically falls just under S$200 each year, although it differs from card to card. If you’re not keen on paying this annual fee, you’ll be glad to know that some credit cards come with a free annual fee waiver, while others waive your annual fee when you spend a certain amount each year.

    Other credit card fees include:

    • Late payment charge: Incurred if your payment is not received by due date
    • Overlimit fee: If the total outstanding card balance exceeds the total credit limit at any time
    • Interest on purchases: Interest incurred on the outstanding amount if there is an amount that remains unpaid, until outstanding is paid in full. This can range from 25% to 28% p.a.

    There is a minimum monthly payment you have to make for your credit card bill. This is the amount you would have to pay in the event you are unable to pay your credit card bill. The minimum monthly payment is typically 3% of the total balance or S$50, whichever is higher. But note that the outstanding balance would incur interest charges that are applicable on a daily basis until the full payment is received.

    To avoid credit card fraud, you can set up Two-Factor Authentication (2FA) for all your bank accounts. You should be mindful to keep your passwords, PIN code and One-Time Password (OTP) to yourself. During correspondences with your bank or credit card provider, always check the source of the message or email to ensure it is genuine.


    You can also read this article to get tips on how to prevent cyber attacks and safeguard your money.

    If you’ve decided on the credit card to apply for, you can check out the promotions available on SingSaver. These promotions are a further incentive for you to sign up for the credit card, with rewards that range from cash via PayNow to free gifts such as wireless earbuds or GrabFood vouchers.

    Here’s what you should look out for when signing up for a credit card promotion:

    • Do you have to be new-to-bank to enjoy the promotion? Most credit card sign up promotions are applicable for new-to-bank cardmembers. If you are an existing cardmember of the bank, you will likely be eligible for a different reward. This reward is typically not as attractive as the reward on offer for new-to-bank cardmembers.
    • What do you need to do to get the sign up reward? This could simply be having your credit card application approved, or having to activate your new credit card. Others could require you to make a transaction or hit a minimum spend in order to be eligible.

    When does the promotion expire? Be sure to sign up for the credit card before the promotion deadline.

    View All Credit Card FAQs
    HighFlyer: Singapore Airlines rewards programme for SMEs
    Travel
    Airport Lounge Access

    Great for

    • Enjoy S$0 annual Card fee for the first year, saving your business S$299.
    • Earn HighFlyer Points for your Business: Earn 5 HighFlyer points per S$1 spent on flights, while your employees continue to earn KrisFlyer Miles
    • Flexible rewards redemption: Offset future travel with HighFlyer points with no caps, no blackout periods, and no restrictions.
    • Free HighFlyer Membership with no membership fees or minimum spend
    • Simple to manage: Assign an account administrator to book flights or redeem HighFlyer points.
    • Earn up to 8.5 HighFlyer Points per S$1 spent on eligible Singapore Airline Group flights, worth 8.5% cashback
    • Earn 1.8 HighFlyer Points per S$1 spent on all other eligible purchases, worth 1.8% cashback.
    • Accelerate to KrisFlyer Elite Gold (KFEG) with S$15,000 spend with Singapore Airlines Group in the first 12 months
    • Complimentary night stay yearly and up to 50% dining discounts with Accor Plus across Asia Pacific worth $398 annually
    • Priority Pass membership worth $221 annually (access to 1200 airport lounges worldwide) with 2 complimentary visits per year for you or a guest

    Need to know

    • Only open to individuals who have a registered business in Singapore
    • Min. income requirement for Singaporeans/PRs: S$30,000 & min. income requirement for Foreigners: S$60,000

    Year-round rewards

    CASH REBATE
    Local Spending
    8.5 %
    Earn 8.5 HighFlyer points per S$1 spent on eligible SIA Group flights
    Travel Spending
    8.5 %
    Up to 8.5 HighFlyer points with the card on eligible Singapore Airlines Group flights
    All Spending
    1.8 %
    Earn 1.8 HighFlyer points per S$1 spent on all other eligible purchases worth 1.8% cashback

    Eligibility

    Minimum Age
    21
    Min. Annual Income
    S$30,000

    Fees

    Annual fee
    S$299
    Foreign Currency Transaction Fee
    2.95%

    Repayment

    Minimum Payment
    S$50 or 3% of the Total Balance, whichever is higher, and any overdue amount.
    Late payment charge
    $90 if Minimum Payment Due is not received on or before the Payment Due Date
    Interest On Purchases
    25.90% per annum subjected to compounding if full payment is not made by payment due date.
    Interest On Cash Advance
    25.90% per annum compounded daily on the amount withdrawn from the transaction date until the date that full payment is made.
    Interest Free Repayment Period
    21 Days

    Other information

    Credit card type
    American Express

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