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American Express Platinum Card® for Schwab

Explore your options from Schwab and American Express

The American Express Platinum Card® for Schwab with exciting new benefits

The American Express Platinum Card® for Schwab—designed exclusively for Schwab investors. The American Express Platinum Card® for Schwab gives you exceptional rewards, benefits, and services with the added ability to redeem points with deposits by Schwab into your eligible account.

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

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+-Welcome Offer

Earn 60,000 Membership Rewards® Points

Earn 60,000 Membership Rewards® points after spending $5,000 in purchases on your American Express Platinum Card® for Schwab in your first three months of Card Membership.†

+-Pricing: Fees & APR

Annual fee of $550.†¤

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

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

Apply Now¤ Rates & Fees
Apply by Phone: 800-297-8017

+-Benefits for Investors

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 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 toward 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

New! Up to $200 Uber Savings Annually

Enjoy an exclusive experience: Become an Uber VIP and receive $15 in Uber credits for U.S. rides each month, plus a bonus $20 in December.* Simply download the Uber app and add your American Express Platinum Card® for Schwab to your Uber account to get started.‡

Earn 5X Points
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel‡
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com‡
American Express Global Lounge CollectionSM‡

1,000+ lounges. 500+ airports. 120 countries and counting.

American Express Global Lounge CollectionSM programs and partners:

  • The Centurion® Lounge‡
  • International American Express Lounges‡
  • Delta Sky Club®
  • Priority Pass Select‡
  • Airspace‡
$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.‡*

Fee Credit for Global Entry or TSA Pre✓®

Receive a statement credit every 4 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 4 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.‡

Apply Now
Apply by Phone: 800-297-8017

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

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

+-COMPARE THE CHARLES SCHWAB CARDS FROM AMERICAN EXPRESS

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From Cash Back to 5x travel rewards, there’s a Card that’s right for you.

Compare now >

FAQs

Explore our Frequently Asked Questions to find out more about 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.

+-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 account may apply for a Card account.

An eligible account means (1) a Schwab One® 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 or (2) a Schwab Traditional, Roth or Rollover IRA that is not managed by an independent investment advisor pursuant to a direct contractual relationship between you and such independent advisor.

If you don't have an eligible Schwab 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 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 Rewards® points for deposits by Schwab into your eligible Schwab 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 eligible Schwab 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 Schwab 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 American Express Platinum Card® for 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.