UPDATE: Refer to the American Express and Singapore Airlines co-brand Credit Card guide HERE for latest information!
If you hold The American Express® Singapore Airlines KrisFlyer Ascend Credit Card, some (favourable and unfavourable) changes are coming your way on 01 May 2016. As a disclaimer, the following changes will only come into effect from 01 May 2016 and at the time of publishing, these changes are still inactive. Here is a summary of the upcoming changes that will come your way:
1. Spend S$15,000 on Singapore Airlines for KrisFlyer Gold Elite (Star Alliance Gold)
The first thing you will probably notice is that you are now able to "purchase" Star Alliance Gold if you spend S$15,000 on Singapore Airlines between 01 May 2016 and 30 June 2016. Do note that if you do travel on premium cabins, this S$15,000 will go towards the S$25,000 required for PPS qualification (which gives you KrisFlyer Gold Elite too!) - click HERE to read the guide on obtaining elite status on KrisFlyer (Singapore Airlines). For a limited time only, you will also earn double miles (up to 5,000 bonus miles) if you do spend S$15,000 on Singapore Airlines.
2. Earn 1.2 Miles per S$1
You will now earn 1.2 Miles per S$1 which is on par with cards like the Citibank PremierMiles Visa Signature Credit Card. With that being said, the bonus 300 KrisFlyer miles for every additional S$500 (above S$1,000) you spend in the same month will be discontinued. As a consolation, American Express is offering a bump in accrual rates between the months of June 2016 and December 2016 for foreign currency spend (2 miles per S$1 of equivalent foreign currency).
3. Annual Fee Increase to S$337.05
Annual Fee will increase from S$256.80 (inclusive of GST) to S$337.05.