Spending yield on American Express Rewards Card Singapore:

Points awarding:
a) 1 Membership Rewards point for every S$1 spent
(S$1 = 1 point).

b) 50% more points on the first S$5,000 at your Favourite 5 places (S$0.666 = 1 point).

c) Favourite 5 + Spend S$5,000 on your Card in a calendar year and you’ll get 50% bonus points on all your spend – every time, everywhere
(S$0.50 = 1 point).

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Points redemption:
1. Card annual fee: 9,100 points – S$53.50
(1 point – S$0.00587)
a) Normal spending yield = 0.00587/1 = 0.587%
b) Favourite 5 yield = 0.00587/0.666 = 0.882%
c) Best possible yield = 0.00587/0.5 = 1.17%

2. Harvey Norman: 10,000 points – S$50 Voucher
(1 point – S$0.005)
a) Normal spending yield = 0.005/1 = 0.5%
b) Favourite 5 yield = 0.005/0.666 = 0.75%
c) Best possible yield = 0.005/0.5 = 1%

3. IKEA: 10,900 points – S$50 Voucher
(1 point – S$0.00458)
a) Normal spending yield = 0.00458/1 = 0.458%
b) Favourite 5 yield = 0.00458/0.666 = 0.688%
c) Best possible yield = 0.00458/0.5 = 0.917%

4. Watsons: 4,200 points – S$20 Voucher
(1 point – S$0.00476)
a) Normal spending yield = 0.00476/1 = 0.476%
b) Favourite 5 yield = 0.00476/0.666 = 0.715%
c) Best possible yield = 0.00476/0.5 = 0.952%

https://www.americanexpress.com/sg/credit-cards/the-rewards-card/

Updated on 28 March 2019