Amex's loyalty program allows exchang for statement credits or cash back

I like the idea that I can receive 40,000 Membership Rewards points when I get to successfully refer any of my friends to the card. Even more so as my friends can also receive 40,000 Membership Rewards points upon spend of S$5,000 in the first 3 months of their Card Membership. I think that is pretty much a win-win situation.

You receive S$800 travel credits annually (S$400 Air Travel Credit + S$400 Lodging Credit) by booking through The Platinum Concierge. You also can get and enjoy complimentary access for you, a supplementary cardholder and two guests to 1,200 Lounges such as The Centurion Lounge, Priority Pass, and International American Express Lounges. Most importantly, all Membership Rewards points never expire

I had a nice experience taking up the opportunity to earn savings with Love Dining at a Restaurant with 35% off double dating with my girlfriend and my best friend with his girlfriend. So go ahead and enjoy savings at artfully curated restaurants and Singapore's finest hotels with Love Dining. Also with Love Dining at Hotels, you receive a complimentary The Far Card Classic Membership. This card is eligible for use with Apple Pay, Google Pay, Samsung Pay.

Airport lounge access and up to $200 in Uber credits each year with up to a $200 annual airline-fee credit and up to $100 in annual shopping credits, elite status at Marriott and Hilton hotels, special perks at other hotels and resorts. They even offer access to exclusive events making this cards benefits very catchy.

The Platinum Card comes with a welcome offer of 60,000 Membership Rewards points after you must have spent $5,000 on purchases in the first three months after opening your account. Based on valuations, those points are worth about $1,200 which alone makes up for two years of the annual fee.