American Express Platinum Credit Card Review

American Express has a number of credit cards that are not co-branded that either KrisFlyer members or members of other airlines can earn frequent flyer miles with and this is the review of their Platinum Credit Card

American Express Platinum Credit Card Review

About the Card

The American Express Platinum Credit Card is directly issued by American Express and offers American Express Membership rewards for points. This card is issued in Singapore, both KrisFlyer and Enrich members can earn through this card via a transfer.

Sign-Up Bonus

The American Express Platinum Credit Card offers no points related sign-up bonus, but you do get a few freebies: S$150 worth of Capital Vouchers, ASUS Fonepad 7 FE-170 CG with Stylus Pen1 worth. Some TUMI luggage (TUMI VAPORTM International Carry-On Travel Luggage) is also offered after a spend of S$7,500 in 12 months, see here for what it looks like.

Other Benefits

This card is obviously designed for those that like to dine and so most of the other benefits are linked to dining activities and it includes “Far Card” and “Palate” membership.

What is the Annual Fee?

S$321 (inclusive of GST) Basic Card fee – this is one of the most expensive annual fees I’ve seen.

What Do You Earn per $1?

  • Normal Spend: Earn 0.8 Membership Rewards point for every S$1 spent.
  • Earn 10X Membership Rewards for spend at Platinum Extra Partners so 10 Membership Reward Points for every S$1.6 in spend – a full list is here.

What is a Membership Rewards Point Worth?

The points earned on the American Express Platinum Credit Card are earned in Membership Rewards points which are effectively another currency. These can be exchanged into a number of different frequent flyer programmes:

  • Asia Miles
  • British Airways
  • Enrich
  • Emirates
  • Royal Orchid Plus
  • Singapore Airlines

There are also a number of other hotel and experience partners.

For Singapore Airlines members they convert at a ratio of 400 MR points to 250 KrisFlyer Miles, this is a ratio of 1.6:1 which is better than the Rewards Credit Card. So general spending earns you 0.50 KrisFlyer Miles per $S1 which is not good and actually worse than the Rewards Card. The Platinum Extra Partners benefit will give you a decent earn rate for KrisFlyer, but the number of partners is limited.

For Malaysia Airlines Enrich members they convert at a ratio of 400 MR points to 250 KrisFlyer Miles, this is a ratio of 1.6:1 which is better than the Rewards Credit Card. So general spending earns you 0.50 Enrich Miles per $S1 which is not good and actually worse than the Rewards Card. The Platinum Extra Partners benefit will give you a decent earn rate for Enrich, but the number of partners is limited.

How Does this Compare?

If you are a KrisFlyer member then there are other cards around with a sign-up bonus, and better ongoing earning opportunities like the UOB cards or the ANZ Travel Card (although greatly reduced recently).

If you happen to be a member of one of the other airlines frequent flyer programs including Enrich then this card does give you the flexibility of being able to earn with them.

Conclusion

Sign Up Bonus – 3/10
Ongoing Spend – 5/10

I’ve given the sign-up bonus a score of 3/10 just because the card does give you a few sign-up gifts, but as they aren’t points related I’m not giving it a high score.

For ongoing spend though the card is let down by the poor earning rate, and unless you are spending regularly at Platinum Extra Partners I would really not recommend this card for on-going spend to earn miles. On a more positive note this card is again one that you can earn points on with a number of different airlines which is a good benefit.

You can find more about the American Express Platinum Credit Card here.