Credit cards have become a part and parcel of our lives today. Going for a movie with your friends, enjoying a long planned vacation with your family or eating dinner at one of best restaurants – a credit card is always there at your service. Credit cards that are present in the financial market today come with unique set of benefits and features. These cards are best suited as per the spending habits of the particular individual holding that card. Credit cards offer you the financial support that you need. Shopping is something that everyone enjoys. Hence, credit cards that come with add on benefits for shopping automatically attracts the customers.
Overview of American Express Shopping Credit Cards
American Express was established in the year 1850. Back in those days, it was an express mail business based in Buffalo, New York. Currently, American Express in one of the largest financial organisations across the globe and it is well known for its products like credit cards, charge card and traveller’s cheque business. The headquarters of American Express in New York City, the United States of America. This particular financial organisation was founded when three different companies merged with each other. These companies were Livingston, Fargo & Company, Wells & Company and Well, Butterfield & Company. Livingston, Fargo & Company was headed by William G. Fargo. Wells & Company was established by Henry Wells and Wells, Butterfield & Company was started by John Warren Butterfield.
The credit cards that are offered by American Express come with several perks and benefits that can prove to be extremely beneficial for the consumers. The features of the Amex credit cards are innovative and customisable. They are designed to meet all the requirements of the customers. The shopping credit cards offered by American are some of the best credit cards that are currently available in the market.
Why choose American Express Shopping Credit Card
American express values its customers and offer flexible financial solutions for the consumers. It caters to a lot of customers and never fails to satisfy them with their products and services. Thus, they have earned a substantial amount of reputation and goodwill for their efforts. Choosing one of the shopping cards from Amex can definitely prove to be a wise decision made by you.
Types of American Express Shopping Credit Card
There are two cards offered by American Express that provides exclusive benefits for using them during your shopping. These cards are listed below.
- American Express True Cashback Credit Card
- American Express Platinum Credit Card
Features and Benefits of American Express True Cashback Credit Card
- With the American Express True Cashback credit card, you can enjoy cashback of 1.5 percent on your travel deals booked on ZUJI. On top of that, you can also get exclusive offers on these travel packages of yours
- As a welcome offer, you can avail, a cashback of 5 percent when you spend a minimum of SGD 5000 using your Amex True Cashback card in the first three months of the card
- With the American Express Selects program, you can avail discounts and offers on dining at some the best restaurants across the globe
- The customer care service is always there to offer you help with anything you need, over the phone
- The Global Assist program from American Express is an efficient team with provides you with services that you might require when you are in a foreign country. This team can refer you to doctors who can speak in English, lawyers and other relevant professionals, as per your needs and convenience
Annual Fees of the American Express True Cashback Credit Card
The annual fee for the basic card is SGD 171.20, which is inclusive of the GST. The first two supplementary cards do not have any charges or fees associated with them. Post that, supplementary cards comes with an annual fee of SGD 85.60 each.
Eligibility for American Express True Cashback Credit Card
- The applicant must be at least 21 years of age to be eligible for this credit card
- The minimum income of the Singaporean Citizens and the permanent residents of Singapore must be SGD 30000 per annum
- The minimum income of the foreigners who wish to apply for this credit card should be SGD 60000 per annum
Features and Benefits of American Express Platinum Credit Card
- As welcome offer, you can avail a Samsung Tab that is worth SGD 551. With a minimum spend of SGD 7500 in the first six months, you can get a complimentary luggage bag from Tumi Vapor
- Avail exclusive privileges on dining at some of the best restaurants across Singapore. Get a discount of up to 50 percent
- Book your hotels on Zuji.com and avail a discount of 12 percent. On top of this, you can also earn cash rebate f 2 percent on all your flight ticket bookings
- Enjoy a complimentary classic membership of The Far Card, worth SGD 425, which allows you to enjoy exclusive privileges on dining. When you are dining with a friend then you can get a discount of 50 percent. When you are dining with two of your friends, you can get a discount of 33 percent. On dining with three of your friends, you can get a discount of 25 percent. When you are dining with four to nine friends, you can avail a discount of 20 percent. For dining alone, you can enjoy a discount of 10 percent
- The Palate Dining privileges also offer discounts on dining that can prove to be extremely beneficial and lucrative for you. For dining with a friend, you can get a discount of 50 percent. When you are dining with two friend, you can avail a discount of 35 percent. When you are dining with three friends, you can get a discount of 25 percent. When you are dining with four to nineteen friends, you can avail a discount of 20 percent. For dining alone, you get a discount of 15 percent
- The Platinum Wellness program allows you to avail spa vouchers from Spa Rael, The Ultimate and Adeva Spa. You can get a discount of 50 percent at Adeva Spa and The Ultimate
- Enjoy some of the exclusive golf privileges at more than forty golf clubs across Singapore, Thailand, Malaysia, Philippines and Indonesia
- The travel accident insurance scheme offers you coverage even when you are traveling and provides you with the peace of mind that you need
Annual Fee for the American Express Platinum Credit Card
The annual fee for the basic or principal card is SGD 321. This fee is inclusive of GST. The annual fee for the first two supplementary card is waived off. However, from the third supplementary card, there will be an annual of SGD 160.50 for each card.
Eligibility for American Express Platinum Credit Card
- You must be at least 21 years old to avail this particular credit card
- Singaporean citizens and residents of Singapore must have an annual income of SGD 50000 to avail this credit card
- The foreigners who wish to apply for this card must have an income of SGD 60000 per annum