Here’s Why You Should Consider Applying For An AMEX Card In Singapore
If you have ever applied for a credit card in Singapore, chances are that you were asked to choose whether you wanted your card to be a MasterCard, Visa, or American Express (AMEX). If you have not applied for a card and are thinking of getting one, then you will likely have to choose between the three card brands.
Many people make a random decision when selecting the card brand, especially since the three offer similar services. However, there are a few factors that differentiate them. For example, American Express issues its card while MasterCard and Visa do not. MasterCard and Visa act as an intermediary that processes payments between banks and the outlets where the card is used.
AMEX not only issues the cards but also provides the finances for the payments, and this allows it to be a direct player rather than an intermediary. Here are some of the reasons why you should consider applying for an AMEX credit card.
- It has a flexible point system
AMEX has a solid point system through which it rewards its cardholders with treats like exclusive concert tickets, dining deals, and concierge services. It is also generous with the points rating system since it rewards cardholders with 1 point for every S$1 they spend through the card. AMEX has partnerships with multiple airlines through which cardholders can earn and redeem their points. These points are flexible in the sense that they can also be transferred between airlines.
Some of the airlines that are onboard the AMEX flexible point system include Delta, British Airways, Air France, Singapore Airlines, Virgin Airlines, and JetBlue, among others.
- AMEX is also generous with its rewards
Cardholders are also allowed to use their accumulated points to pay for their purchases as part of the company’s reward system. Customers can also benefit from impressive discounts as part of the reward system. For example, AMEX cardholders in Singapore can enjoy up to 30% off when chartering a Lloyd Marine yacht.
- AMEX cardholders enjoy the exclusivity
The American Express credit card is considered a premium card, which means that it is mainly associated with and targets a specific class of consumers. In short, AMEX is a premium card, and so it comes with exclusivity because one’s income has to be above a certain level so that they can become an AMEX cardholder. The company claims that its cardholders, on average, have over 60% more income than non-AMEX cardholders. AMEX cardholders are also more likely to use their cards for daily purchases. It is, therefore, the best card for that discerning customer who is looking for exclusivity.
- AMEX cardholders can access exclusive experiences and events
The exclusive nature of the AMEX cards allows cardholders to access special exclusive events that are accessible on an invite basis. For example, being an AMEX cardholder will allow you to access Tower Club Singapore, which is a members-only club. The card will also grant you access to exclusive country clubs and luxury yachts.
- The AMEX card also facilitates online benefits
The benefits offered by the AMEX cards also extend to online transactions. For example, those who have the American Express True Cashback Card enjoy a 1.5% cashback for any money they spend online. It further sweetens the deal by not including a cap on the cashback, which means that you can benefit from both small and large transactions. A good example is the 20% discount that cardholders get on their shipping costs when they purchase products online through comGateway using the AMEX card. The American Express Platinum Credit Card and the American Express True Cashback Card also offer more perks to Shopback users when purchasing stuff online.
- AMEX offers the best customer service
If you have gone through a bad customer service experience with any company, then you know just how important good customer service can be, especially when dealing with monetary issues. You do not have to worry about that with AMEX because it has a strong track record of good customer service. It garnered the top spot in the customer satisfaction rankings for the past six consecutive years. This high ranking is courtesy of its efforts to uphold a strong relationship with its customers. This also allows AMEX to get customer feedback and also structure its offerings, so meet customer preferences.
- Many businesses accept AMEX cards in Singapore
AMEX cards are widely accepted by retail outlets, food joints, and other businesses in Singapore. Many people use them for everyday purchases, meaning they are easy to live with, and thus convenient. This means that being an AMEX cardholder not only offers you various perks, but it also provides convenience.
- An AMEX card will offer you a more luxurious travel experience
An AMEX credit card also makes a lot of sense for pursuits such as car rental savings, travel credits, free lounge access, free travel insurance, and free hotel upgrades, among others. All these contribute to giving you better travel experiences. Having an AMEX card also grants you free Starwood Gold Elite Status, which provides you with bonus points and free upgrades when you visit a Starwood hotel.
Credit cards, especially the exclusive ones, are big on travel perks. It is, therefore, common for card companies such as AMEX to provide incentives that encourage cardholders to use their cards to pay for their travel expenses such as booking tickets or hotels.
The above are just some of the reasons that have encouraged so many people to apply for AMEX cards. So far, AMEX commands a significant share of the credit card market in Singapore, and it happens to be one of the major card companies. To put its influence into perspective, reports indicate that the company had 109.9 million active cards towards the end of 2016 and 47.5 million cards were in its home market in the U.S. Singapore is one of the markets where the AMEX cards have really taken off, and this means that people have embraced the cards.