A Review of Amex Platinum Charge 2024

Tempted by the AMEX Platinum Charge Card?

2024 is almost over and it's time to look at how the Amex Platinum Charge card has been for us this year. We have had this card for a few years now, despite its annual fee charges and depreciating value (in vouchers etc). This is a card that suits our lifestyle and in this post, we will share what the return in value has been for us.

Summary

Benefit	Value Assigned	Comments
Amex Annual Credits	1354 SGD	Airline, Global Dining, Entertainment, Fashion, Lifestyle Credits
Amex Vouchers	660 SGD	Hotel Stay, Wine, Massage, Dining Vouchers
Airport Lounge Access	600 SGD	30 visits valued at SGD 20 each
FHR Hotel Benefits	2500 SGD	Hotel Credits, Breakfasts
Accelerated Hotel Loyalty	Not Valued	Marriott Bonvoy, Hilton, Pan Pacific, Radisson
Love Dining	1300 SGD	26 visits valued at SGD 50 each
Chillax By Amex	0 SGD	Complimetary Drinks
Random Offers	756 SGD	Amex App Offers
Como C5 Benefits	330 SGD	Club21, Como Dining, Grocery vouchers and Yoga class
Paragon Club	No value assigned	Paragon lounge visits
Marina Bay Sands Prestige Benefits	No value assigned	Prestige Level Membership
Retention Offer	180 SGD	40,000 MR
Insurance and Protection	No value assigned	Travel, Purchases insurance
Concierge Service	No value assigned	General Help
Amex Events	260 SGD	A Christmas Story

2024 Total Value: 7940 SGD

For a very detailed breakdown, continue reading! Because we share some of our tips and tricks to maximise and further add value to the benefits.

Amex Annual Credits

The annual recurring credits and are quite straight forward to utilise. And ones that we always use every year.

• Amex Airline Credit

The airline credit sits at 200 SGD rebate for a minimum 600 SGD spend on either SQ or Scoot, in one transaction. Although the miles earning rate (1.95 miles/dollar) is poor, any flights purchased via Amex provides complimentary insurance (see Section on Insurance and Protection for more details) which helps when utilising this flight credit.

• Global Dining Credit

The total value sits at 400 SGD, with 200 SGD under local dining credit and 200 SGD under global dining credit. For global dining credit, just remember to check the restaurants that are acceptable under this option and spend away.

Link to Amex Global Dining Credit Restaurant Partners

To maximise the value of the local dining credit, we would typically stack this with either extra discounts from hotel loyalties or one of the many Amex offers that are run through the year. In this instance, we were able to stack Pan Pacific offer which was spend 400 SGD, get 80 SGD back and then utilise GHA titanium status to get an additional 25 % off and still get this 200 SGD credit back. Maximising this requires a bit of patience but I guarantee you that this is absolutely worthwhile.

• Entertainment Credit

The entertainment credit is 17 SGD monthly, which makes the annual value, 204 SGD. This means a free Netflix subscription. Thank you, Amex. Apart from Netflix and Disney+, newspaper subscriptions through SPH media and payments made online for Ticketmaster also qualify. So remember to check

Link to Amex Entertainment Partners

• Fashion Credit

150 SGD spilt into 75 SGD per half year that can be utilised on NET-A-PORTER or MR PORTER. This one is an easy one. Stack it with existing promotions and get the rebate back. It can seem abit like forced spending, but we always seem to have things to buy on these 2 sites.

• Lifestyle Credit

  

  
  

Spend a minimum of 600 SGD and receive 400 SGD back. There are a number of spas on the list. However, our default is always Grand Cru for some wines. Note that the price of these wines are not always the best value as the site puts a premium on the price tag. So the value is definitely less than 400 SGD. But for the purposes of this review, we are going to keep it at 400 SGD and assume we rocked up to a bottle shop, didn't do price research and just bought a bottle or 2.

Link to Amex Lifestyle Credit Partners

Link to Amex Grand Cru Website

The Grand Total of rebates and savings from the Amex Annual Credits alone is 1354 SGD.

Benefit	Comments	Value Assigned
Amex Airline Credit	Qualifying spend with SQ or Scoot	200 SGD
Amex Global Dining Credit	200 SGD Local and 200 SGD Overseas	400 SGD
Amex Entertainment Credit	Monthly valued at SGD 17 per month	204 SGD
Amex Fashion Credit	Net-a-porter, SGD 75 half yearly	150 SGD
Amex Lifestyle Credit	Grand Cru Platinum	400 SGD
	Total	1354 SGD

Amex Vouchers

Airport Lounge Access

FHR Hotel Benefits

Hotel Accelerated Loyalty

Love Dining

Chillax By Amex

Random Offers

Complimentary COMO C5 Membership

Complimentary Paragon Club Membership

Complimentary Marina Bay Sands Lifestyle Prestige Membership

Retention Offer

Insurance and Protection

Concierge Service

Amex Events

Overall Thoughts

Our dollar value from savings and benefits from using our Amex Platinum Charge card was 7940 SGD. Compared to its annual rate of 1744 SGD. I would say we did a stellar job at utilising this card for what it is worth. It is not a card for everyone, however if you have a lifestyle that supports the benefits that it provides, then I certainly think this card is a keeper.