Credit Card benefits


Need a little help for a big purchase? Or just a safe and easy way to make every-day transactions? A credit card offers a convenient way to make worldwide purchases without cash; extending a line of credit that you pay back later.


What are the advantages of having a credit card?


Increased buying power, cashback and purchase protection – these are just some credit card advantages for Card Members. Whether you’re eyeing up a big buy or looking to build your credit score, discover how a credit card could enhance your financial flexibility. 


Use a credit card to build credit 


By showing how you manage your credit on a regular basis, when used well, credit cards could help you build your credit and credit score. Using your card regularly and making all repayments on time demonstrates financial responsibility to lenders. 


Boost your spending power


With a credit card, you’re not limited to the amount in your current account. When used responsibly, credit cards can increase your spending power, allowing you to cover big-ticket items when you need them, paying back the balance over time in more manageable instalments. And remember, those larger purchases mean more rewards points.


Enjoy credit card rewards


Many credit cards allow you to earn rewards with every purchase made on your card. With American Express® Credit Cards, these rewards could be anything from cashback, air miles or rewards points, which can be spent on retail and travel treats as well as other special experiences. 


Earn Cashback with your credit card


Cashback is a credit card benefit that allows you to earn money back on the things you buy with the relevant card. It’s like getting a small rebate on eligible payments – a straightforward way to earn cash rewards for your everyday
purchases; big and small.


With The American Express® True Cashback Credit Card, every time you make an eligible purchase on this Card you’ll receive a percentage of that transaction back as a reward. The more purchases you make, the more cashback you can earn. This then accumulates in your Account and is paid to you as a statement credit in the same month's statement. 


Get security with credit card protection


From Account monitoring to online safety protection and fraud alerts, you're in safe hands with American Express, meaning you can shop confidently. Read more on our Card security features here.


Selected American Express Cards also offer 90-day Purchase Protection. It covers you for 90 days after you buy. If your eligible item is stolen or accidentally damaged, we've got you covered. 


Collect air miles


Love to travel? Air Mile Credit Cards can take you places, allowing you to earn KrisFlyer miles on purchases that can be redeemed for flights, hotel bookings and car hire. Many Credit Cards also offer luxury travel benefits, such as complimentary lounge access and travel insurance.


American Express Cards can be used around the world – the ultimate travel companion. Your spend is converted as soon as we process the transaction and the American Express exchange rate is set daily. If you are paying in US dollars, the amount will be converted directly to Singapore dollars. If you are paying in another currency, this will be converted to US dollars and then to Singapore dollars. 


Get dining offers


With any Card from the American Express Platinum Series, you could enjoy Love Dining privileges of up to 50% off at a handpicked selection of popular restaurants and fine dining hotels, and exclusive invitations to foodie events. Plus, you can relax with a drink on the house at one of Singapore’s most fashionable bars.


Browse Cards with dining privileges here.


Benefits of having multiple credit cards


  • Maximise your rewards. Different Cards have different benefits, allowing you to adapt your use and reap rewards that suit your lifestyle.
  • Lower your credit utilisation rate. A high credit utilisation rate could indicate to lenders that you’re relying on credit. This is calculated as a percentage by dividing your total debt by your total available credit. 

Remember: when considering any card, take time to consider the possible interest charges, as well as how much you can afford to repay each month.


Disadvantages of multiple credit cards


  • Keeping on top of multiple cards could become confusing and lead to a build-up of debt. While having more than one card can aid your credit utilisation score, remember that it could also negatively impact it if spending and repayments aren’t carefully monitored.
  • Applying for multiple credit cards in short succession could negatively impact your credit score.


Find the right credit card to suit your lifestyle


Discover more about our different Card types – from Credit Cards to Charge Cards – and find out how to apply here.