Investor Card Logo
Platinum Card Logo

Schwab Investor Card™
from American Express

American Express
Platinum Card® for Schwab

Welcome Offer

Get a $100 statement credit

Get a $100 Card statement credit after spending $1,000 in purchases on your Schwab Investor Card™ from American Express in the first three months of Card Membership.†

Earn 40,000 Membership Rewards® Points

Earn 40,000 Membership Rewards® points after spending $3,000 in purchases on your American Express Platinum Card® for Schwab in your first three months of Card Membership.†

Pricing: Fees & APR

No annual fee.¤

Get a 0% intro APR on purchases and balance transfers for 6 months. After that, your APR will be a variable rate, currently 14.24% to 17.24%, based on your creditworthiness and other factors.¤

Annual fee of $450.†¤

No foreign transaction fees from American Express when using your Card.‡¤

No interest charges because you pay your balance in full each month.‡¤

Benefits for Investors

Get an unlimited 1.5% cash back on all eligible purchases

Get an unlimited 1.5% cash back automatically deposited into your eligible Schwab brokerage account for purchases made with your Card.‡

Schwab Appreciation Bonus

Receive a $100 Card statement credit if your qualifying Schwab holdings are equal to or greater than $250,000 or receive a $200 Card statement credit if your qualifying Schwab holdings are equal to or greater than $1,000,000, when measured following Card account approval and annually thereafter. For information on qualifying Schwab holdings, please refer to the FAQs.‡

Invest with Rewards

Use Membership Rewards® points for deposits by Schwab to your eligible brokerage account. (For example, 10,000 points = $125).‡

Earn Membership Rewards® Points

For every eligible dollar you spend on purchases, you can earn one Membership Rewards® point that can be used towards travel, dining, shopping, and merchandise. Points have no expiration date and there’s no limit to the amount of points you can earn. To learn more about the program, please visit the Membership Rewards site.‡

Travel & Entertainment Benefits

24/7 Dining & Events Assistant

Your resource to help secure dining and event reservations.‡

The Lounge Collection

Step inside The Lounge Collection, another benefit of your American Express Platinum Card® for Schwab Membership, giving you complimentary access to over 900 airport lounges across 120 countries.

The Lounge Collection is comprised of five distinctive programs:

  • – The Centurion® lounge network ‡
  • – The International American Express lounges ‡
  • – Delta Sky Club®
  • – Priority Pass™ Select* lounges ‡
  • – Airspace Lounge ‡

*Enrollment required for Priority Pass Select

Fee Credit for Global Entry or TSA Pre✓®

Receive a statement credit every 5 years after you apply for Global Entry ($100) or TSA Pre✓® ($85) with an eligible Card. If approved, you can get expedited screening at select airports. If approved for Global Entry, at no additional charge, you will receive access to TSA Pre✓®. Each Additional Card on eligible Card accounts is also eligible for one statement credit every 5 years for an application fee. To receive the statement credit, the application fee must be charged on the eligible Additional Card. To read the full terms and conditions, visit www.americanexpress.com/expeditedtravel.‡

$200 Airline Fee Credit*

Select a qualifying airline and then receive up to $200 per calendar year in statement credits when incidental fees, such as checked bags, in-flight refreshments, and flight-change fees, are charged by the airline to your American Express Platinum Card® for Schwab Account.‡*

*American Express relies on accurate airline transaction data to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after four weeks, simply call the number on the back of your Card. See terms and conditions for more details.

Apply Now
APPLY BY PHONE: 800-297-8017

The Schwab Investor Card™ from American Express is only available to clients that maintain an eligible Schwab brokerage account.

Don’t have one? Now is the perfect time to open a Schwab One® brokerage account.

Apply Now
APPLY BY PHONE: 800-297-8017

The American Express Platinum Card® for Schwab is only available to clients that maintain an eligible Schwab brokerage account.

Don’t have one? Now is the perfect time to open a Schwab One® brokerage account.

FAQs

Explore our Frequently Asked Questions to find out more about the Charles Schwab Cards from American Express.

Schwab Investor Card™ from American Express
Is American Express or Charles Schwab the issuer of this Card?

This Card is issued by American Express Bank, FSB. Schwab and American Express Bank, FSB, have partnered together to create the Schwab Investor Card™ from American Express, exclusively designed for Schwab investors like you.

Please note that Schwab is not involved with any credit decision, or in the approval process, for any applicant for the Card.

Who is eligible to apply?

Individuals 18 years of age or over with a valid U.S. home address (including in the U.S. territories and Puerto Rico) and an eligible Schwab brokerage account may apply for a Card account.

An eligible brokerage account is a Schwab One Account or Schwab General Brokerage Account held in your name or in the name of a revocable living trust where you are the grantor and trustee.

If you don’t have an eligible Schwab brokerage account, you can open one at schwab.com/schwabone or by calling 866-385-1227.

I already have an American Express Card. Can this Card be converted into The Schwab Investor Card from American Express?

No. You will need to apply and be approved for a new Schwab Investor Card™ from American Express account.

see more FAQs
Will I be able to access my Card account information through my Schwab.com account summary page?

Yes, you can enable access to your americanexpress.com Card account information through your schwab.com account summary page.

If I need help with my Card accounts, what number should I call?

For servicing-related questions about your Card account, call the number on the back of your Card.

How do I earn cash back?

For the Schwab Investor Card™ from American Express, you receive 1.5% cash back on eligible purchases made with your Card automatically deposited into your linked eligible Schwab brokerage account. For example:

Eligible Purchases in a Billing Period
Cash Back Deposited
$1000
$15
$2000
$30
$3000
$45

Cash back is received only on eligible purchases and will be deposited to your linked eligible brokerage account. Eligible purchases means purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, balance transfers, cash advances, purchases of travelers’ checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents.

You will not receive cash back for eligible purchases posted to your Card account during a billing period if the Minimum Payment Due shown on the statement for that billing period is not paid by the Closing Date of the next billing period.

Schwab will deposit associated funds into your eligible brokerage account approximately 6 to 8 weeks from the end of the billing period in which they are received.

Please consult with your tax advisor regarding the tax implications of any reward.

How much do I have to spend to receive cash back?

There is no monthly minimum purchase amount.

Can my cash back be placed into an account other than my eligible Schwab brokerage account?

Your cash back may only be deposited into your linked eligible Schwab brokerage account.

Can my cash back be deposited into more than one eligible Schwab brokerage account?

No. Your cash back is automatically deposited after each billing period to your linked eligible brokerage account. If you have multiple eligible Schwab brokerage accounts and would like to change the account where your cash back is deposited, please contact Schwab at 866-385-1227.

The American Express Platinum Card® for Schwab
Is American Express or Charles Schwab the issuer of the Card?

This Card is issued by American Express Bank, FSB. Schwab and American Express Bank, FSB, have partnered together to create the American Express Platinum Card® for Schwab, exclusively designed for Schwab investors like you.

Please note that Schwab is not involved with any credit decision, or in the approval process, for any applicant for the Card.

Who is eligible to apply?

Individuals 18 years of age or over with a valid U.S. home address (including in the U.S. territories and Puerto Rico) and an eligible Schwab brokerage account may apply for a Card account.

An eligible brokerage account is a Schwab One Account or Schwab General Brokerage Account held in your name or in the name of a revocable living trust where you are the grantor and trustee.

If you don’t have an eligible Schwab brokerage account, you can open one at schwab.com/schwabone or by calling 866-385-1227.

I already have an American Express Card. Can this Card be converted into The American Express Platinum Card for Schwab?

No. You will need to apply and be approved for a new American Express Platinum Card® for Schwab account.

Will I be able to access my Card account information through my Schwab.com account summary page?

Yes, you can enable access to your americanexpress.com Card account information through your schwab.com account summary page.

If I need help with my Card accounts, what number should I call?

For servicing-related questions about your Card account, call the number on the back of your Card.

How does the Membership Rewards® program work?

The Membership Rewards® program gives you one point for every dollar spent on your enrolled Card eligible purchases. Rewards start at just 1,000 points. Choose rewards from over 500 leading brands in travel, gift cards, merchandise, or entertainment, or redeem points for deposits by Schwab into your eligible Schwab brokerage account through Invest with Rewards.

How does the Invest with Rewards benefit work?

For the American Express Platinum Card® for Schwab, you can redeem Membership Reward points for deposits by Schwab into your eligible Schwab brokerage account(s). For example:

Eligible Purchases in a Billing Period
Membership Rewards® Points Received
Deposits by Schwab per 1,000 Membership Rewards® Points Redeemed
$1000
1000
$12.50
$2000
2000
$25.00
$3000
3000
$37.50

You can use the deposits in your Schwab brokerage account to purchase investments available through Schwab.

For investment help, please call a Schwab investment professional 24/7 at 866-385-1227 or use our online tools and services to help guide you.

The minimum amount of Membership Rewards® points that can be redeemed through Invest with Rewards is 1,000 points.

If you have multiple eligible brokerage accounts, each time you make a redemption you will be asked to select the account in which you would like the deposits by Schwab to be made.

Please consult with your tax advisor regarding the tax implications of any reward.

How does the Schwab Appreciation Bonus benefit work?

This benefit is only available to the Basic Card Member on the Platinum Card® from American Express Exclusively for Charles Schwab, and will be awarded based on the Qualifying Schwab Holdings of the Basic Card Member as of each Measurement Date.

Schwab Appreciation Bonus Measurement Dates

Your Qualifying Schwab Holdings will be measured (a) within five business days of Card account approval and (b) on the first calendar day of your annual Card account renewal month (each date, a “Measurement Date”). If on a Measurement Date your Qualifying Schwab Holdings are: (i) equal to or greater than $250,000 and less than $1,000,000, you will receive a $100 Card statement credit; or (ii) equal to or greater than $1,000,000, you will receive a $200 Card statement credit.

Qualifying Schwab Holdings

Qualifying Schwab Holdings are the sum of the following assets and obligations: (1) the aggregate assets held in the following non-retirement Schwab Brokerage Account types over which the Basic Card Member is an owner, grantor or trustee: individual, joint, revocable living trusts (where the grantor and trustee are the same), testamentary trusts, custodial, 529, guardianship, conservatorship, estate, usufruct, and life estate accounts; plus (2) the aggregate assets held in the following retirement Schwab Brokerage Account types over which the Basic Card Member is an owner, grantor or trustee: Traditional Individual Retirement Accounts (“IRAs”), Roth and Roth Conversion IRAs and Rollover IRAs, but excluding IRAs, Roth and Roth Conversion IRAs and Rollover IRAs that are managed by an independent investment advisor pursuant to a direct contractual relationship between the Basic Card Member and such independent investment advisor; plus (3) the aggregate assets held in the following Schwab Bank Account types over which the Basic Card Member is an owner or grantor: checking, savings, money market, certificate of deposit, and pledged asset accounts; plus (4) the outstanding mortgage and home equity loan balances owed to Schwab Bank by the Basic Card Member. Retirement assets not held in accounts listed above are excluded.

Please allow 6–8 weeks after calculation for the Card statement credit to be posted. To receive this benefit, your Card account must be active and not in default at the time of fulfillment. Your Schwab Brokerage and Schwab Bank Account types are described on your account statements available at www.schwab.com (or www.schwaballiance.com for clients of independent investment advisors). You can view your Schwab and Schwab Bank balances on the Account Summary page of www.schwab.com (or www.schwaballiance.com for clients of independent investment advisors). For questions about your Qualifying Schwab Holdings, please contact Schwab at 866-385-1227. Only Qualifying Schwab Holdings as of each Measurement Date will be used to determine eligibility for this benefit. For questions about your annual Card account renewal month, please call the number on the back of your Card.

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Clients of independent investment advisors: You may also contact your advisor or call Schwab Alliance at 800-515-2157.