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.
Earn 100,000 Membership Rewards® Points + 10x Points at restaurants worldwide and when you Shop Small in the U.S.
Here's how: earn 100,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership.†
Plus, earn 10x points on eligible purchases on your new Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. That's an additional 9 points on top of the 1 point you earn for these purchases.†
Annual Fee: $695†¤
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. 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
Earn 5X Points
- 5X Membership Rewards® points on up to $500,000 per calendar year on flights booked directly with airlines or with American Express Travel via amextravel.com or by calling 800-525-3355.‡
- 5X Membership Rewards® points on prepaid hotels booked with American Express Travel, including The Hotel Collection.ǂ
$200 Hotel Credit, $200 Airline Fee Credit
Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.ǂ And if you fly, you can receive up to $200 in statement credits per calendar year after you select one qualifying airline and incidental fees* are charged by the airline to your Platinum Card®.
*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 4 weeks, simply call the number on the back of your Card. See Airline Fee Credit terms & conditions for more details.ǂ
$240 Digital Entertainment Credit
Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at participating partners. This can be an annual savings of up to $240. To view participating partners, visit americanexpress.com/platinum. Enrollment required.ǂ
Uber Rides with Platinum™
With your Platinum Card from American Express Exclusively for Charles Schwab, you'll receive $15 in Uber Cash for rides or eats orders in the US every month plus a bonus $20 in December*, delivered through an exclusive Uber app experience. That's up to $200 for Uber rides or eats orders annually. You'll also become an Uber VIP, where available, without meeting minimum ride requirements and be matched with top-rated drivers, so that even a 5-minute trip can be a 5-star experience.
*Uber Cash and Uber VIP status is available to Basic Card Member only.ǂ
More Ways to Pay
You're in control with more ways to pay. You can choose to:
- Pay your bill in full
- Use the Pay Over Time feature to carry a balance with interest
- Use Plan Itǂ to select large purchases and split them into monthly payments with a fixed fee¤
There is a limit on the total amount that you can carry as a balance or move into a Plan. Any purchases beyond your limit need to be paid in full when your bill is due.ǂ
$300 Equinox Credit
Choose the best membership for you at Equinox - whether it's digital or in-club - and get up to $300 in statement credits back per year. Use your Platinum Card® from American Express for Charles Schwab to pay for monthly Equinox All Access, Destination, or E by Equinox membership fees, or for Equinox+, their on-demand fitness app, and receive a $25 statement credit per month. Visit https://platinum.equinox.com/ to enroll.ǂ
- 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).
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.