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 American Express Platinum Reserve Credit Card
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| Key Features | Elevate you to a new level of premium experiences that are unsurpassed in their refinement |
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| Annual fee waiver | |
| Annual fee | |
| Supplementary Card fee | $150 (First 2 permanently waived) |
| Age Eligibility | Above 21(Main), 18(Supplementary) |
| Income Eligibility | Over S$150,000 p.a.(SG Citizens and Residents) Over S$150,000 p.a.(Expatriate) |
| Special Eligibility | |
| Balance transfer rate | |
| Annual percentage rate | |
| Min repayment amount | |
| Interest free credit days | |
| Late fee charges | |
| Interest rate on revolving credit | |
| International Acceptance | Yes |
| Additional Credit Line | |
| Masterscard/Visa/Amex | Amex |
| Reward system | Membership Rewards (Double your indulgence with 10 + 10 Times Membership Rewards) |
| Special notes | Selection of irresistible privileges including 1-for-1 drinks, complimentary entry and VIP treatment at some of Singapore's hottest nightspots. Complimentary 12-month True Fitness gym membership, spa vouchers and more. Complimentary green fees at 7 premier clubs in Singapore Malaysia and Indonesia. 1-for-1 golf lessons with Star Golf Academy. Golf access at 3 local and 29 overseas Golf Clubs. More than 500 complimentary driving range balls at Jurong Country Club and Sembawang Country Club. ‘Feed at Raffles’ membership worth S$388. Vintage benefits and complimentary wine vouchers worth S$2509. Platinum Luxury Villa Getaways with 1-for-1 Night Stays. Platinum Luxury Yachts to call your own. Platinum Country Club privileges at Raffles Country Club and Keppel Club. |
In most cases, cancelling a credit card won't help your credit reputation.
The most important question is: How would your life change if you filed for bankruptcy?
Question: I have about $2000 in my savings account and $1800 on a credit card. Should I use most of my savings to pay off the credit card?
Minimum payment is probably the best trap in the credit card world. Card issuers make it seem so easy: even if you owe thousands of dollars, you could settle that monthly bill with a minimum payment that’s just a small percentage of your actual balance. Minimum payments can be as low as 1% of balance, so you could pay less than $100 on a balance that’s in the four digits!
Does your credit card give you something back each time the cash register rings? More than half of cards issued have a rewards component — typically worth $0.01 to $0.03 per dollar spent — from free Frappucinos to contributions to Junior’s college fund.
From loyalty points to travel insurance, the list of reward benefits attached to credit cards is mind-boggling.
The next time you’re sifting through your change purse to pay for your morning latte, consider this: reaching for a credit or debit card instead will save you time – and perhaps even some money.
