American Express Continues Supporting Local Businesses with Amex Shop Small - Get S$3 Back (Min. Spend of S$10), up to 5X per Card

American Express is commited to supporting local businesses as it brings back Amex Shop Small to Singapore for the third year - American Express customers who save the offer will be able to receive a S$3 statement credit (up to five times per registered card) when they spend at least $10 at over 3,500 (up from 3,000 in 2021) participating businesses from 2-31 August 2022.

Click HERE for the full list of Shop Small businesses in Singapore!

Photo Credit: American Express

Shop Small is a movement founded by American Express in 2010 in the US to ignite passion for small and local businesses, call attention to the valuable contributions they make to their communities and the economy, and encourage shoppers to support them. This is the third year American Express is bringing Shop Small to Singapore.

The Shop Small Research shows that about one in two businesses (49%) cannot survive beyond six months, if costs continue to rise or if sales do not recover by the end of 2022. Rising costs has overtaken the volatile COVID-19 situation as the top business challenge in 2022. The top factors for increasing costs are higher logistics (42%), raw material (42%) and labour (37%) costs. Consumers tend to shop local where they live (77%), work (30%) or when they want to find something unique (30%). They also generally see local businesses favourably. The most common opinions are that they are convenient (53%), affordable (42%) and essential to the community (40%).

Planning to get an American Express card? Using any of the following MGM referral links will earn you either bonus MR Points or additional statement credits, depending on the card that you will be applying for:

• The Platinum Card - 20,000 MR Points Bonus.

• American Express Platinum Credit Card - 5,000 MR Points Bonus

• American Express Singapore Airlines KrisFlyer Ascend Credit Card - 2,000 KrisFlyer Miles Bonus