Because there are hundreds of different cards with countless variations of benefits, choosing a credit card that best fits your lifestyle could seem to be an insurmountable challenge. Our team at ValuePenguin has done an extensive research on Singapore’s credit card market to guide you through the process and ultimately find your ideal card. Among 100+ options we have analyzed, we showcase here some of the best American Express credit cards that we’ve found in Singapore. Widely regarded as one of the most premium credit cards, these cards from Amex, in our opinion, do not disappoint with what it has to offer.
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Our Picks For the Best of American Express Cards in 2017
First thing to do when shopping for a credit card is to acknowledge that different individuals will be attracted to different cards. After all, you must consider how you spend your money, and what rewards they care the most about before choosing a card, and everyone’s spending habits and value systems are different. Read our reviews to assess whether any of them meets your standard.
American Express True Cashback Card: Unlimited 1.5% Cashback
American Express True Cashback Card is a great flat rate cashback card that combines value and convenience. A decent flat rate card provides convenience by significantly reducing the complexity of dealing with multiple card bills and various spend requirements. Amex True Cashback is just such a card because it offers a flat rate of 1.5% cashback on everything, and a boost to 3% during the first 6 months. It has no cap on cashback or monthly spend requirement, making it extremely easy to use.
Pros of American Express True Cashback Credit Card
- 1.5% cashback on everything
- No cap on cashback
- No monthly spend requirement
- Promotion: 3% cashback rewards rate boost for the first 6 months for up to S$5,000 of spend
- Bonus: Get 1 chance for every S$50 spend on your card in each monthly draw to win 2 business class tickets to 12 destinations in the world (varies by month)
Cons of American Express True Cashback Credit Card
- High annual fee of S$171.2, waived for the 1st year
- 1.5% cashback on everything is lower than what you could earn on UOB One.
- Requires a lot of monthly spend (above S$5,000) to truly maximize benefit
American Express Singapore Airlines KrisFlyer Card: Best for Miles Card Beginners and Singapore Air Loyalists
American Express Singapore Airlines KrisFlyer Card is great for air miles card beginners because it combines convenience, rewards and perks into one card. Its award of 1.1 mile per S$1 spent locally, 2 miles per S$1 spent overseas or on singaporeair.com and silkair.com provides an easy way of building up miles on all of your expenses. Not only that, Amex Singapore Airlines KrisFlyer card provides the easiest way of redeeming miles that doesn’t require additional fees or long processing time because KrisFlyer miles are directly deposited into your KrisFlyer account. Being an American Express card, it also grants you various deals from American Express Select program that can help you save money at a number of restaurants and shops.
Pros of Amex KrisFlyer Card
- Most convenient mile redemption program with no additional fee
- Decent awards of 1.1 miles per S$1 of local spend
- 2 miles per S$1 spent on singaporeair.com, silkair.com, KrisShop and SilkAir SkyShop
- 2 miles per S$1 spent overseas in June and December
- Access to American Express Selects
- Promotion 1: 5,000 KrisFlyer Miles upon first spend on card + 7,500 KrisFlyer miles when you spend S$2,500 in the first 3 months upon card approval
- Promotion 2: S$150 Cashback for use with Singapore Airlines when you spend S$12,000 from 1 July 2017 till 30 June 2018
- Bonus 1: Receive 1,500 KrisFlyer Miles each for the first two approved supplementary cards
- Bonus 2: Get 1 chance for every S$50 spend on your card in each monthly draw to win 2 business class tickets to 12 destinations in the world (varies by month)
Cons of Amex KrisFlyer Card
- Annual fee: S$176.55, first year fee waived
- High travel reward only from Singapore Airlines & Silk Air
- Miles redemption limited to Singapore Airlines, Silk Air and Star Alliance partners
- Lower award rates than other comparable cards
Summary of Best American Express Credit Cards
In case you want a quick look at our picks, here are ValuePenguin's best Amex credit cards.
|Best Amex Cards||Summary||Annual Fee|
|American Express True Cashback Card||Unlimited Cashback of 1.5%||S$171.2|
|American Express Singapore Airlines KrisFlyer Credit Card||Easiest Air Miles Card to Use||S$176.6|
|American Express Platinum Card||A Basic Credit Card||S$321|
Similar cards from other banks to consider
Learn how the best American Express credit cards differ from similar offerings from other banks. We have analyzed each card carefully to highlight its strengths and weaknesses. Below, we calculate how much money one can earn or save by using a certain card over a 2-year period. By adding up the cashback, mile awards and promotions that you can earn with each card, we can give you an idea of which Amex credit card is the best for your circumstances. Do note, however, that your choice depends heavily on your individual spending habits and reward preferences, so you should make sure to read our credit card reviews that we've prepared.
Amex True Cashback vs UOB One Card
UOB One is likely the best flat-rate cashback card in Singapore. For people who can monitor their expenses closely, it can earn up to 5% cashback on all expenditures, a much higher rate than 1.5% from Amex True Cashback. The only downside of the card is that its cashback is capped at S$100 per month while Amex True Cashback does not have a limit. It could also be rather complicated to use, because to it awards different rate of cashback for people who spend at least S$2,000 monthly and for people who spend at least S$1,000 monthly. Hence, for people who are willing to take the time to make sure to maintain S$2,000 of expenditure every month, UOB One is the best way to go.
Amex True Cashback vs ANZ Optimum World
ANZ Optimum World MasterCard card is a flat rate cashback card with a slight twist. It allows the customer to choose a category every quarter, and awards 5% cashback for that category for the quarter. All other purchases qualify for 1% cashback. The four optiosn from ANZ Optimum include dining & leisure, travel, shopping and groceries. ANZ Optimum could be a nice supplementary card to other rewards cards given its flexibility and lack of minimum spend requirement.
Amex Krisflyer vs Citi PremierMiles Card
Citi PremierMiles card may be a better choice for an average consumer who is willing to jump through more hoops to enjoy travel perks. It has a better award rate of 1.2 miles per S$1 spent locally and 2 miles per S$1 spent overseas, plus an awesome welcome bonus of 30,000 miles. While Amex KrisFlyer card is quite limited to Singapore Air and its subsidiaries, Citi PremierMiles Card’s Citi Miles can be redeemed with many travel companies under Star Alliance, Sky Team, Hilton Hotels and IHG. Therefore, we think Citi PremierMiles is a much better travel card for those who are comfortable with the miles redemption process.
Amex KrisFlyer vs DBS Altitude Visa Signature Card
DBS Altitude is another great travel card for average consumers who are happy to forgo Citi PremierMiles card's bonus awards in exchange for annual fee waiver. Its awards are actually identical to Citi PremierMiles except for three things: travel miles, annual fee and welcome bonus. DBS Altitude offers 3 miles per S$1 spent on online travel bookings while Amex KrisFlyer or Citi PremierMiles only offer 1.1-1.2 miles. Furthermore, DBS Altitude waivers the S$195.6 annual fee if for anyone who can spend at least S$25,000 annually. Hence, we recommend DBS Altitude for average consumers who value annual fee waivers over rich welcome bonus miles.
Amex KrisFlyer vs ANZ Travel Visa Card
ANZ Travel Visa Signature Card is great for people who frequent Australia or Singapore. For these people, it’s almost impossible to beat the 2.8 miles spent in Australia or New Zealand, or on Qantas Airways and Jetstar Airways. ANZ Travel card also earns you a great flat rate of 1.4 miles on your local spend, which is much higher than 1.1 miles offered by Amex KrisFlyer card. As with most other mile programs, every mile is transferrable 1 for 1 to Asia Miles or Krisflyer Miles, with small fee of S$25 and some processing time.
*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.