There are so many types of credit cards available that it can be overwhelming. Broadly, there are two main types of rewards – miles, and cashback. Then, they can be further categorised into conditional and unconditional cards.
The Amex CapitaCard actually falls into a third category. Instead of miles or cashback, it gives CapitaStar STAR$ – points for CapitaLand’s rewards programme. As far as conditions go, CapitaCard is pretty simple to get, but I would say it really shines as a situational card, because I recently got such a greal deal out of this, but more on that later.
Earns CapitaStar STAR$
|Earn Rate||– 5 STAR$ per $1 outside participating CapitaLand Malls (0.5% to 0.71% rebate*)|
– 15 STAR$ per $1 in participating CapitaLand Malls (1.5% to 2.14% rebate*)
– 30 STAR$ per $1 in participating merchants (3% to 4.29% rebate*)
– 65 STAR$ per $1 in participating merchants (6.5% to 9.28% rebate*)
|Conditions||– Spend at participating merchants at CapitaLand Malls|
|Limits||– 3X/6X capped on $1,200 spending per month|
How much is 1STAR$ worth?
There are two ways to make use of your STAR$.
- You can simply spend your STAR$ at participating CapitaLand merchants
- You can redeem it for various merchant vouchers, including eCapitaVouchers
When you do (1), your STAR$ are worth 0.1 cents each.
When you do (2), your STAR$ vary in value depending on what you redeem it for.
Complete your SP GreenUP!
If you haven’t already completed SP GreenUP, it’s a bit of a hassle to achieve, but it supercharges this card and any STAR$ you will earn under the CapitaStar programme or through things like converting your Grab points. Read my guide here to complete GreenUP.
|Using Star$ Directly||Redeeming for eCapitaVoucher|
|Value of each STAR$||0.1 cents|
|Conditions||No minimum||Need to redeem in blocks of |
Completing GreenUP supercharges your STAR$ to as much as 0.143 cents each, allowing you to convert 3,500 STAR$ into $5 eCapitaVoucher, instead of the usual 5,000 STAR$.
It is also worth noting that there may be other redemptions on GreenUP’s catalogue that may catch your fancy. I recently redeemed $5 voucher for an eatery I like for 3,150 STAR$, which further increases the value of my STAR$.
Different earn rates
The way I see it, there are currently 4 different earn rates for this card.
Tier 1: Spending outside CapitaLand Malls (1X STAR$ = 5 STAR$)
Just don’t bother with using this card outside of CapitaLand Malls. 5 STAR$ per $1 spent translates into 0.5% to 0.71% rebate at best. Even some debit cards have higher earn rates.
Tier 2: Spending in participating merchants and buying eCapitaMall vouchers (3X STAR$ = 15STAR$)
Although it is confusingly named 3X STAR$, you get 15 STAR$ per $1 spent at participating CapitaLand Malls (see list here).
This is equivalent to a 1.5% to 2.14% rebate (in form of eCapitaVouchers). Not the worst, but it’s not the best value you’d get from this card.
Tier 3: Spending at least $20 at participating merchants until 30th June 2021 (6X STAR$ = 30STAR$)
Until the end of June 2021, you get 30STAR$ per $1 spent at participating merchants in CapitaLand Malls, provided you spend at least $20 and up. This is pretty decent rate of 3% to 4.29% card, and it’s pretty fuss-free since there’s no monthly minimum spend aside from making sure that each receipt is at least $20.
This was previously until the end of 2020, so it seems possible for it to be extended.
Tier 4: Spending at selected merchants until 30th June 2021 (additional 10X STAR$ = 65 STAR$)
This is where the earn rate goes to an impressive 6.5% to 9.28% rebate. Unfortunately, the list of selected merchants is really short, and many curiously located in Bugis+/Bugis Junction) and doesn’t seem to include many common merchants. Nonetheless, this earn rate is quite hard to beat, particularly if you have stuff to buy from Eu Yan San 🤷🏻♂️
Scan your CapitaLand Mall receipts
These are all on top of the STAR$ you’ll earn when you scan your receipts with the CapitaStar app, which gives 5 STAR$ per $1 spent (1STAR$ for supermarkets and food courts).
New Amex customers
- 150,000 bonus STAR$ (worth S$150 eCapitaVouchers; S$210 with GreenUP)*
- $20 CapitaVouchers^
Existing Amex customers
- 50,000 bonus STAR$ (worth S$50 eCapitaVouchers; S$70 with GreenUP)*
- $20 CapitaVouchers^
* min spend of S$1,500 in the first 3 months of Card Membership
^ sign up with SingPass MyInfo and make one spend of minimum $1
Fees shall be charged if card is cancelled within 6 months from card approval
I recently applied for this card out of curiosity (and this review), and I must say it has presented one of the best promos I’ve seen in a while: getting 10,000 STAR$ for every $100 eCapitaVoucher purchased (it’s now over). This was on top of the 1,500 STAR$ normally awarded, making a total of 11,500 STAR$ which I can convert to more than $16 of eCapitaVouchers.
On top of that, CapitaStar app was incidentally also giving $10 bonus eCapitaVoucher per $100 purchased (also sold out). That makes a total of $26 extra per $100 purchased, and I couldn’t be happier.
It’s not the most versatile of cards and probably won’t be the most used, but it’s definitely a great card to hold, even if it’s for the occasional promo. It’s a highly situational card, but one that you want to have when the situation calls for it.
- No minimum spend
- Gives high, unbeatable earn rates on selected merchants
- CapitaLand Malls are numerous
- Great occasional promos
- A very situational card
- This is at best a 7★ card, but I just got a 10★ deal from buying eCapitaVouchers. How do I assign a star rating?!
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