Westpac’s Singapore Airlines Platinum credit card is the highest level of premium credit cards available under Westpac’s Singapore airlines frequent flyer rewards program.

Under this scheme you get all the associated travel benefits of a platinum credit card, however the values are much more substantial, at pretty much double the values of the Singapore Airline’s Gold credit card.

Overseas travel insurance is extended to 6 months and up to $500,000 in claims. Purchase protection insurance is for four months (rather than three on the gold card) and the extended warranty for purchases is for up to two years. An added feature that you don’t get on the gold card is the 24/7 personal concierge service.

At an annual fee of $250 ($125 in the first year), the price is also doubled, but you get what you pay for.

You’ll get two credit cards (American Express and Visa), on which there are differing ‘mile’ earning values. Until October 31st 2009 the American Express earns you 3 KrisFlyer miles for every dollar spent, and on the Visa, 1.5 miles for every dollar spent.

After this date these rates drop to 1.5 miles for every dollar spent on the American Express both in and outside of Australia, and 1 mile for every dollar spent in Australia, and 1.5 for every dollar spent outside of Australia on the Visa. As an added bonus, your first purchase on your credit card will get you 10,000 bonus KrisFlyer miles.

Just remember, while there’s no limit to the amount of miles you can earn they will expire after three years. However, generally if you have the Singapore Airlines Platinum card you will be doing a lot of flying anyway so expiring points should not be a problem.

Interest rates stay the same as the other Singapore Airlines travel cards with 18.49% p.a. on purchases, 19.74% p.a. for cash advances and 0.99% p.a. for the first 6 months on balance transfers. The interest free period also remains the same at up to 45 days if you pay your monthly balance in full.

Overall the Westpac Singapore Airlines credit card is quite expensive seeing as it is a premium card. Though if you can afford it and it fits in line with your credit card spending habits then it would be good value thanks to the many benefits and rewards that come with it.

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