The American Express Platinum Card® for Schwab.
Premium Rewards, Services, and Experiences.
The American Express Platinum Card® for Schwab is only available to clients who maintain an eligible Schwab account.
after spending $5,000 in purchases on your American Express Platinum Card for Schwab in your first three months of card membership.†
And, as a Schwab client you can use Membership Rewards® points for deposits by Schwab to your eligible account. (For example, 60,000 points = $750)‡
Annual Fee: $550†
Or call us at 800-297-8017.
American Express Platinum Card® for Schwab
Watch your rewards add up
Benefits for Schwab clients
Earn Membership Rewards points‡
Watch points add up. When you use your American Express Platinum Card® for Schwab, you can earn one Membership Rewards® point for every dollar you spend on eligible purchases.
Use points to treat yourself to rewards from over 500 leading brands in travel, shopping, dining and entertainment.‡
Invest with rewards‡
The American Express Platinum Card® for Schwab gives you the added ability to redeem points for deposits by Schwab into your eligible account. (For example, 60,000 points =$750). Card Members also have the ability to access their American Express Platinum Card® account information via a link on Schwab.com‡
Up to $200 annual statement credit‡
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. Terms and Limitations Apply.‡
Additional Platinum Card® benefits
Additional Platinum Card® benefits
No foreign transaction fee‡
No matter where you’re traveling, when you use your American Express Platinum Card® for Schwab, there are no foreign transaction fees from American Express.‡ Rates & Fees
The Global Lounge Collection®‡
We're #1 where it counts. With more than 1,300 airport lounges and counting, the American Express Global Lounge Collection® offers travelers more lounge options than any other card on the market.‡
Based on comparison with other U.S. credit card programs, as of 08/2020.
Control How You Pay
You'll have the flexibility to carry a balance with interest or use Plan It®‡ to split up large purchases into monthly payments with a fixed fee, up to your Pay Over Time Limit. You may be able to keep spending beyond your limit – you'll just need to pay for any new purchases in full when your bill is due.‡
Fine Hotels & Resorts®‡
Enjoy complimentary benefits and competitive rates with each Fine Hotels & Resorts® booking at over 1,000 extraordinary properties worldwide.‡
5x points on eligible travel‡
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel via amextravel.com or by calling 800-525-3355‡. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases through calendar year.
- 5x points Membership Rewards® points on eligible hotels booked on amextravel.com, including The Hotel Collection‡
Up to $200 savings on Uber annually‡
As an American Express Platinum Card® for Schwab Member, you receive $15 in Uber Cash, available to you through the Uber app, for rides or eats orders in the US each month plus a bonus $20 in December*, delivered through an exclusive Uber app experience. Simply download the Uber app and add your American Express Platinum Card® for Schwab to your Uber account to get started.‡
*Uber Cash and Uber VIP status available to Basic Card Member only.
- Is American Express or Charles Schwab the issuer of the Card?
This Card is issued by American Express National Bank. Schwab and American Express National Bank, 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 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.
- 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 $1,000 1,000 $12.50 $2,000 2,000 $25.00 $3,000 3,000 $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, 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.