Above Image: American Express Platinum Reserve Card (Source: Amex Singapore website)
Contents
GST increase to 9% in Singapore
About a year ago, I wrote that Singapore would increase its GST (Government Service Tax) from 7% to 8% on 1st January 2023.
A year has passed since then. With effect from 1st January 2024, Singapore will experience another GST increase, from 8% to 9%.
Here’s how it will impact American Express cards: new (i.e. more expensive) annual fees in 2024.
Singapore GST increase: the following prices reflect the changes in the annual fee from an inclusion of 8% GST (prior to 1st January 2023) to an inclusion of 9% GST (with effect from 1st January 2023).
Membership Rewards cards
- The Platinum Charge Card (from S$1728 to to S$1744)
- The American Express Platinum Reserve Credit Card (from S$540 to S$545)
- The American Express Platinum Credit Card (from S$324 to S$327)
- The American Express Gold Card (from S$181.68 to S$183.36)
- The American Express Personal Card (from S$121.12 to S$122.24)
American Express Platinum Charge Card (Source: Amex Singapore website)
Singapore Airlines Cards
- The American Express Singapore Airlines Krisflyer Credit Card (from S$178.20 to S$179.85)
- The American Express Singapore Airlines Krisflyer Ascend Credit Card (from S$340.20 to S$343.35)
- The American Express Singapore Airlines PPS Club Credit Card (from S$556.20 to S$561.35)
- The American Express Singapore Airlines Solitaire PPS Credit Card (From S$556.20 to S$561.35)
- The American Express Singapore Airlines Business Credit Card (from S$301.80 to S$304.59)
American Express Krisflyer Ascend Card. (Source: Amex Singapore website)
Cashback and CapitaCard
- The American Express True Cashback Card (from S$172.80 to S$174.40)
- The American Express Capitacard (from S$172.80 to S$174.40)
Apply for an American Express credit card and get bonus points!
American Express Platinum Charge Card (Image source: American Express)
Previously, this space was dedicated to referral links for American Express credit cards. As mentioned in my blog update, I will no longer be providing referral links going forward. For readers seeking information on Singapore-issued American Express credit cards and their benefits, please refer to the website below: https://www.americanexpress.com/en-sg/
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