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. 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. 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.
The following cards are among the best for their respective categories. Read our reviews to assess whether any of them meets your standard.
|Best Amex Cards||Annual Fee||*2-Year Dollar Value|
|American Express True Cashback Card||S$171.2||S$1,098|
|American Express Singapore Airlines KrisFlyer Credit Card||S$176.6||S$476|
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 requierments. 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 is has no cap on cashback or monthly spend requirement, making it extremely easy to use.
Pros of American Express True CashbackCredit Card
- 1.5% cashback on everything, 3% cashback on everything during the first 6 months
- No cap on cashback
- No monthly spend requirement
Cons of American Express True CashbackCredit 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
- Up to 8,000 bonus miles when you spend S$700 in the first 6 months upon card approval
- Access to American Express Selects
Cons of Amex KrisFlyer Card
- 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
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.
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.
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.