Best American Express Credit Cards 2020

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. Among the 100+ options we have analyzed, below you'll find some of the best American Express credit cards available in Singapore.

Compare Best American Express Credit Cards by Dollar Value

Based on an average monthly spend of S$2,000, we analysed the best American Express credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how the best American Express credit cards compare to one another in terms of their rewards
Best American Express Credit Cards in Singapore by Estimated 2-Year Dollar Value
Amex True Cashback:
  • Unlimited 1.5% rebate + Amex benefits
Amex SIA KrisFlyer:
  • Directly earn KrisFlyer miles, S$150 SIA credit
Amex SIA KF Ascend:
  • Elite perks inc. hotel & flight upgrades
Amex Platinum:
  • Elite dining & lifestyle perks in SG

Compare Best American Express Credit Cards by Dollar Value

Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how the best American Express credit cards compare to one another in terms of their rewards
Best American Express Credit Cards in Singapore by Estimated 2-Year Dollar Value

American Express True Cashback Card: Uncapped Rebates + Amex Perks

  • 1.5% unlimited cashback, boosted to 3% for 1st 6mo
  • Promotions: Earn +1% cashback boost on foreign currency transactions (for 2.5% total rebate)
  • Welcome bonus of 3% cashback on up to S$5k spend in 1st 6mo
  • Receive S$80 CapitaVoucher w/ S$500 spend in 1st mo (new customers); existing customers receive S$40 voucher
  • Read Our Full Review
  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
American Express True Cashback Card is an incredible option for high-spenders seeking unlimited earning potential for their monthly purchases. Cardholders enjoy 1.5% unlimited cashback, boosted to 3% for the first 6 months (up to S$150). Few competitors offer such a broad and lucrative welcome promotion. Essentially, this makes Amex True Cashback Card a great option if you know you have a few big upfront expenses–perhaps planning a wedding, or paying large hospital bills.


Another benefit of Amex True Cashback Card is access to top-notch American Express perks. These include Global Assist, Fraud Protection, free travel insurance, and access to American Express Selects dining privileges. Cardholders also have access to card-specific True Cashback promotions, which often offer travel and wedding-related discounts. While there’s a S$171.2 fee, it’s waived 1 year. Overall, if you’re a high-spending Amex loyalist, there’s no better option than American Express True Cashback Card.

  • Stand-Out: 1.5% unlimited cashback, boosted to 3% for 1st 6mo
  • Promotions: Earn +1% cashback boost on foreign currency transactions (for 2.5% total rebate)
  • Welcome bonus of 3% cashback on up to S$5k spend in 1st 6mo
  • Receive S$80 CapitaVoucher w/ S$500 spend in 1st mo (new customers); existing customers receive S$40 voucher
  • Read Our Full Review
  • Annual fee: S$171.2, 1-year waiver
  • Unlimited 1.5% cashback on all spend
  • Free travel insurance & Amex Selects Privileges
American Express True Cashback Card is an incredible option for high-spenders seeking unlimited earning potential for their monthly purchases. Cardholders enjoy 1.5% unlimited cashback, boosted to 3% for the first 6 months (up to S$150). Few competitors offer such a broad and lucrative welcome promotion. Essentially, this makes Amex True Cashback Card a great option if you know you have a few big upfront expenses–perhaps planning a wedding, or paying large hospital bills.


Another benefit of Amex True Cashback Card is access to top-notch American Express perks. These include Global Assist, Fraud Protection, free travel insurance, and access to American Express Selects dining privileges. Cardholders also have access to card-specific True Cashback promotions, which often offer travel and wedding-related discounts. While there’s a S$171.2 fee, it’s waived 1 year. Overall, if you’re a high-spending Amex loyalist, there’s no better option than American Express True Cashback Card.

American Express Singapore Airlines Krisflyer Card: Straightforward Miles

  • Earn rewards for SIA spend, no transfer fees or processing times
  • Promotions: Spend S$4k w/in 1st 3mo, receive 8k bonus miles
  • 8,000 bonus miles w/ 1st spend within 4th to 6th month of card approval
  • S$150 cash credit w/ Singapore Airlines after S$12k spend
  • Read Our Full Review
  • Annual fee: S$176.55, 1-year waiver
  • 1.1 miles per S$1 local & overseas spend, 2 mi overseas in June & December only
  • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
  • 3.1 miles per S$1 spend on Grab transactions (up to 620 mi/mo)
  • Free travel insurance
  • Hertz Gold Plus Rewards & Amex Selects Privileges
If you’re a beginner to travel cards, American Express Singapore Airlines KrisFlyer Card is definitely worth considering. Cardholders earn 1.1 miles per S$1 spend, 2 miles overseas in June & December, 2 miles with SIA brands (SingaporeAir, SilkAir, KrisShop), and 3.1 miles on Grab (up to 620 mi/mo). Miles earned are directly deposited into the cardholder’s KrisFlyer account, so there are no complicated transfers or miles conversion fees. Overall, Amex SIA KF Card is perfect if you want an easy-to-use travel card and frequently fly with SingaporeAir.
  • Stand-Out: Earn rewards for SIA spend, no transfer fees or processing times
  • Promotions: Spend S$4k w/in 1st 3mo, receive 8k bonus miles
  • 8,000 bonus miles w/ 1st spend within 4th to 6th month of card approval
  • S$150 cash credit w/ Singapore Airlines after S$12k spend
  • Read Our Full Review
  • Annual fee: S$176.55, 1-year waiver
  • 1.1 miles per S$1 local & overseas spend, 2 mi overseas in June & December only
  • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
  • 3.1 miles per S$1 spend on Grab transactions (up to 620 mi/mo)
  • Free travel insurance
  • Hertz Gold Plus Rewards & Amex Selects Privileges
If you’re a beginner to travel cards, American Express Singapore Airlines KrisFlyer Card is definitely worth considering. Cardholders earn 1.1 miles per S$1 spend, 2 miles overseas in June & December, 2 miles with SIA brands (SingaporeAir, SilkAir, KrisShop), and 3.1 miles on Grab (up to 620 mi/mo). Miles earned are directly deposited into the cardholder’s KrisFlyer account, so there are no complicated transfers or miles conversion fees. Overall, Amex SIA KF Card is perfect if you want an easy-to-use travel card and frequently fly with SingaporeAir.

American Express Singapore Airlines Krisflyer Ascend Card: Exclusive Memberships & Upgrades

  • Access to Hilton Honors Silver & Krisflyer Elite Gold status
  • Promotions: Spend S$8k w/in 1st 3mo, receive 16k bonus miles
  • Spend S$8k in 4th to 6th month, receive another 16k bonus miles
  • Read Our Full Review
  • Annual fee: S$337.05
  • 1.2 miles per S$1 local & overseas spend, 2 miles overseas in June & December only
  • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
  • 3.2 miles per S$1 spend on Grab transactions (up to 640 mi/mo)
  • 4 free lounge visits/year, free annual hotel night, travel insurance
  • Access to Hilton Honors Silver & Krisflyer Elite Gold status
American Express Singapore Airlines KrisFlyer Ascend Card offers a great balance between competitive rates and unique, affordable travel perks. In terms of rewards, this card is fairly similar to Amex SIA KF Card: cardholders earn 1.2 miles per S$1 general spend (v. 1.1 miles), 2 miles on SIA brands and overseas in June & December, and 3.2 miles (v. 3.1 miles) on Grab. Cardholders can also earn up to 21,500 bonus miles in just 3 months, assuming S$10k spend.


What makes Amex SIA KF Ascend Card stand out, however, is its top-notch travel perks. Cardholders enjoy 4 free lounge visits per year, a free hotel night, and free travel insurance. Even more, cardholders can earn membership upgrades to Hilton Honors Silver, KrisFlyer Elite Gold, and Hertz Gold Plus status–each of which come with special perks and privileges. Even with so many benefits, Amex SIA KF Ascend Card's fee is quite moderate, at S$337.05. This is far less than other luxury cards' fees, making this option more accessible while still providing significant value.

  • Stand-Out: Access to Hilton Honors Silver & Krisflyer Elite Gold status
  • Promotions: Spend S$8k w/in 1st 3mo, receive 16k bonus miles
  • Spend S$8k in 4th to 6th month, receive another 16k bonus miles
  • Read Our Full Review
  • Annual fee: S$337.05
  • 1.2 miles per S$1 local & overseas spend, 2 miles overseas in June & December only
  • 2 miles per S$1 spend on SingaporeAir online & app, SilkAir, KrisShop in-flight & online
  • 3.2 miles per S$1 spend on Grab transactions (up to 640 mi/mo)
  • 4 free lounge visits/year, free annual hotel night, travel insurance
  • Access to Hilton Honors Silver & Krisflyer Elite Gold status
American Express Singapore Airlines KrisFlyer Ascend Card offers a great balance between competitive rates and unique, affordable travel perks. In terms of rewards, this card is fairly similar to Amex SIA KF Card: cardholders earn 1.2 miles per S$1 general spend (v. 1.1 miles), 2 miles on SIA brands and overseas in June & December, and 3.2 miles (v. 3.1 miles) on Grab. Cardholders can also earn up to 21,500 bonus miles in just 3 months, assuming S$10k spend.


What makes Amex SIA KF Ascend Card stand out, however, is its top-notch travel perks. Cardholders enjoy 4 free lounge visits per year, a free hotel night, and free travel insurance. Even more, cardholders can earn membership upgrades to Hilton Honors Silver, KrisFlyer Elite Gold, and Hertz Gold Plus status–each of which come with special perks and privileges. Even with so many benefits, Amex SIA KF Ascend Card's fee is quite moderate, at S$337.05. This is far less than other luxury cards' fees, making this option more accessible while still providing significant value.

American Express Platinum Card: Local Luxury for Affluent Consumers

  • Exclusive local lifestyle & dining perks
  • Promotions: Receive 13,750 miles (25k pts) w/ S$6k spend in 1st 3 mo
  • Receive 13,750 miles (25k pts) w/ another S$6k spend in following 3 mo
  • Get S$150 GrabFood vouchers (via partnership w/SingSaver)
  • Read Our Full Review
  • Annual fee: S$321
  • 0.69 miles (1.25 pts) per S$1 spend
  • Up to 3.44 miles (6.25 pts) per S$1 spend w/ Platinum EXTRA Partners
  • No conversion fees
  • Dining Perks: Love Dining, Amex Selects & Chillax programme
  • Lifestyle Perks: Platinum Wellness spa privileges & complimentary green fees
American Express Platinum Card is ideal for affluent Singaporeans who rarely travel and want access to top luxury locally. Cardholders receive a myriad of privileges, including 40% off a la carte services at elite spas, waived green fees across a wide variety of regional fairways, and an array of dining perks through the Love Dining, Amex Selects and Chillax programmes. In fact, Amex Platinum is even the official partner card of Michelin Guide Singapore. Cardholders are also rewarded for luxury spend; every S$1 spent with select Platinum EXTRA Partners (primarily designer fashion, watch & jewellery brands) earns up to 3.44 miles. All other spend earns just 0.69 miles per S$1, so this card is not ideal for those seeking rapid rewards. There also aren't any travel perks, so those who spend a great deal overseas may prefer alternative options. However, Amex Platinum is one of the best cards on the market for people who want to enjoy top-notch privileges within Singapore, and for affluent consumers, its perks may fully validate its S$321 annual fee.
  • Stand-Out: Exclusive local lifestyle & dining perks
  • Promotions: Receive 13,750 miles (25k pts) w/ S$6k spend in 1st 3 mo
  • Receive 13,750 miles (25k pts) w/ another S$6k spend in following 3 mo
  • Get S$150 GrabFood vouchers (via partnership w/SingSaver)
  • Read Our Full Review
  • Annual fee: S$321
  • 0.69 miles (1.25 pts) per S$1 spend
  • Up to 3.44 miles (6.25 pts) per S$1 spend w/ Platinum EXTRA Partners
  • No conversion fees
  • Dining Perks: Love Dining, Amex Selects & Chillax programme
  • Lifestyle Perks: Platinum Wellness spa privileges & complimentary green fees
American Express Platinum Card is ideal for affluent Singaporeans who rarely travel and want access to top luxury locally. Cardholders receive a myriad of privileges, including 40% off a la carte services at elite spas, waived green fees across a wide variety of regional fairways, and an array of dining perks through the Love Dining, Amex Selects and Chillax programmes. In fact, Amex Platinum is even the official partner card of Michelin Guide Singapore. Cardholders are also rewarded for luxury spend; every S$1 spent with select Platinum EXTRA Partners (primarily designer fashion, watch & jewellery brands) earns up to 3.44 miles. All other spend earns just 0.69 miles per S$1, so this card is not ideal for those seeking rapid rewards. There also aren't any travel perks, so those who spend a great deal overseas may prefer alternative options. However, Amex Platinum is one of the best cards on the market for people who want to enjoy top-notch privileges within Singapore, and for affluent consumers, its perks may fully validate its S$321 annual fee.

Learn More About Maximising Rewards with American Express


High spenders usually can meet minimum spend requirements with ease, but too often, they're limited by earnings caps. Affluent travellers, on the other hand, can often access luxury perks but must pay a lofty annual fee that cuts into rewards earned. Consumers who prioritise rapidly accruing rewards may want to consider the following tips when selecting their credit card.

  • Take Advantage of Unlimited Cashback Cards: Credit cards offering high rewards rates can seem particularly attractive. Unfortunately for higher spenders, these cards often have cashback caps. Consumers can only earn a set amount before rewards revert to a base rate, typically 0.3%. While the average consumer may not feel set back by such caps, higher spenders may find that their earnings are cut off prematurely, leaving a large portion of their budget unrewarded. In this case, such consumers may prefer an unlimited cashback card that lacks such restraining caps. In Singapore, unlimited cashback cards typically offer 1%–2% on local and overseas spend. Rates may be promotionally elevated for certain categories, and some cards offer special sign-up bonuses. In any case, our research and analysis found that such cards are best fit for consumers with budgets of S$7k–8k+/month. Only at this spend level would rewards earned eclipse potential earnings from capped alternatives.
  • Find the Right Balance Between Perks, Rates, & Fees: Many wealthy Singaporeans travel quite often and could benefit from an air miles credit card. Most options on the market, however, have extremely high annual fees and a broad spectrum of luxury perks. While some may prefer this type of rewards setup, consumers who care more about rapidly accruing miles may prefer a streamlined card with higher rewards rates. Such consumers can opt for a card with fewer perks and often pay a much lower annual fee, while still earning miles rates at par with premium cards. Additionally, less expensive travel cards often offer accelerated rates in specific categories–whether airline-specific or for certain types of spending–which makes it even easier to maximise miles with everyday spend.

Amex True Cashback Card v. SC Unlimited Cashback Card

  • 1.5% unlimited cashback w/ no min. spend requirement
  • Annual Fee:S$192.6
  • Promotions: New cardholders will receive S$160 cash via PayNow
  • Read Our Full Review
Standard Chartered Unlimited Cashback Card offers high spenders both unlimited earning potential and top-notch transport perks. Cardholders earn 1.5% unlimited cashback on all spend, which is great for those that typically feel restrained by monthly rewards caps. In addition, the card is SimplyGo functional and offers up to 21% fuel savings with Caltex.


Amex True Cashback Card offers the same rewards rate. While it lacks transport benefits, it offers a suite of Amex perks, including Global Assist, Fraud Protection, and American Express Selects dining deals. Overall, if you’re a high spender looking to save on your commute or transport, you may prefer SC Unlimited Cashback Card; if you’re an Amex loyalist, you may prefer Amex True Cashback Card.

Amex True Cashback Card v. Maybank FC Barcelona Card

  • 1.6% unltd local cashback, fee waiver w/ S$10k annual spend
  • Annual Fee:S$120.0
  • Promotions: Receive S$100 rebate w/ S$250 spend/mo for 2mo
  • Read Our Full Review
Maybank FC Barcelona Visa Signature Card offers the highest unlimited rewards rate for local spend on the market–1.6%. Overseas spend earns just 0.8 miles per S$1 (equal to about 0.8% rebate). Unlike most competitors, Maybank FC Barcelona Card also has a fee waiver, with just S$10,000 annual spend.


Amex True Cashback Card offers 1.5% cashback, which is slightly lower as a local rate but almost double Maybank FC Barcelona Card’s overseas rate. In addition, while there’s no fee-waiver, the card does come with the best welcome promotion on the market. If you mostly spend locally, you may prefer Maybank FC Barcelona Card; if you often spend overseas, Amex True Cashback Card may be a better fit for you.

Amex SIA KrisFlyer Card v. Citi PremierMiles Visa Card

  • Earn 2mi/S$1 overseas, 2 free lounge visits/yr
  • Annual Fee:S$192.6
  • Promotions: Receive 1 x AirPods with Charging Case worth S$239 (new cardholders)
  • Read Our Full Review
Citi PremierMiles Visa Card is one of the best options for travellers seeking affordable miles & perks. Cardholders earn 1.2 miles per S$1 locally, 2 miles overseas, and an annual bonus of 10,000 miles with each card renewal. Frequent welcome promotions offer up to 21,000 bonus miles (worth S$210). Finally, cardholders enjoy perks like 2 free lounge visits/year and free travel insurance.


Amex SIA KrisFlyer Card offers generally lower rewards rates and lacks travel perks. However, it matches or exceeds Citi PMV Card’s welcome bonuses, and is far more convenience–no transfers, no conversion fees. Consumers who want to take advantage of great promotions, but prefer a simpler, easy-to-use travel card may prefer Amex SIA KF Card.

Amex True Cashback Card v. SC Unlimited Cashback Card
Standard Chartered Unlimited Cashback Card offers high spenders both unlimited earning potential and top-notch transport perks. Cardholders earn 1.5% unlimited cashback on all spend, which is great for those that typically feel restrained by monthly rewards caps. In addition, the card is SimplyGo functional and offers up to 21% fuel savings with Caltex.


Amex True Cashback Card offers the same rewards rate. While it lacks transport benefits, it offers a suite of Amex perks, including Global Assist, Fraud Protection, and American Express Selects dining deals. Overall, if you’re a high spender looking to save on your commute or transport, you may prefer SC Unlimited Cashback Card; if you’re an Amex loyalist, you may prefer Amex True Cashback Card.

Amex True Cashback Card v. Maybank FC Barcelona Card
Maybank FC Barcelona Visa Signature Card offers the highest unlimited rewards rate for local spend on the market–1.6%. Overseas spend earns just 0.8 miles per S$1 (equal to about 0.8% rebate). Unlike most competitors, Maybank FC Barcelona Card also has a fee waiver, with just S$10,000 annual spend.


Amex True Cashback Card offers 1.5% cashback, which is slightly lower as a local rate but almost double Maybank FC Barcelona Card’s overseas rate. In addition, while there’s no fee-waiver, the card does come with the best welcome promotion on the market. If you mostly spend locally, you may prefer Maybank FC Barcelona Card; if you often spend overseas, Amex True Cashback Card may be a better fit for you.

Amex SIA KrisFlyer Card v. Citi PremierMiles Visa Card
Citi PremierMiles Visa Card is one of the best options for travellers seeking affordable miles & perks. Cardholders earn 1.2 miles per S$1 locally, 2 miles overseas, and an annual bonus of 10,000 miles with each card renewal. Frequent welcome promotions offer up to 21,000 bonus miles (worth S$210). Finally, cardholders enjoy perks like 2 free lounge visits/year and free travel insurance.


Amex SIA KrisFlyer Card offers generally lower rewards rates and lacks travel perks. However, it matches or exceeds Citi PMV Card’s welcome bonuses, and is far more convenience–no transfers, no conversion fees. Consumers who want to take advantage of great promotions, but prefer a simpler, easy-to-use travel card may prefer Amex SIA KF Card.

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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