Picture of the Platinum Card® from American Express Exclusively for Charles Schwab

The Platinum Card® from American Express Exclusively for Charles Schwab

Premium Rewards, Services, and Experiences.

The Platinum Card® from American Express Exclusively for Charles Schwab is only available to clients who maintain an eligible Schwab account.ǂ*

LIMITED TIME OFFER

Limited time only: 125,000 Membership Rewards® points

Earn 125,000 Membership Rewards® points—up from the previous offer of 80,000—after spending $8,000 in purchases on your Platinum Card® from American Express Exclusively for Charles Schwab in your first 6 months of Card Membership.

Offer ends 11/12/25. Terms apply.

Annual Fee: $895†¤

Or call us at 800-297-8017.

¤ Rates & Fees | ǂ Benefit Terms | † Offer Terms

Platinum Card® from American Express Exclusively for Charles Schwab

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Watch your rewards add up

Benefits for Schwab clients

  • Earn Membership Rewards® pointsǂ

    Watch Membership Rewards® points add up. When you use your Platinum Card® from American Express Exclusively for Charles Schwab, you can earn one Membership Rewards® point for every dollar you spend on eligible purchases.ǂ

    Use Pay With Points at Checkout to treat yourself to rewards from a variety of partners including travel, shopping, dining and entertainment.ǂ

  • Money icon

    Invest with rewardsǂ

    Use Membership Rewards® points for deposits by Schwab to your eligible brokerage account.ǂ

  • Annual Schwab Appreciation Bonusǂ

    You can receive: (1) a $100 Card statement credit if your qualifying Schwab holdings are equal to or greater than $250,000 and less than $1,000,000; (2) a $200 Card statement credit if your qualifying Schwab holdings are equal to or greater than $1,000,000 and less than $10,000,000; or (3) a $1,000 Card statement credit if your qualifying Schwab holdings are equal to or greater than $10,000,000, in each case when measured following Card account approval and annually thereafter. Terms and limitations apply.ǂ
     

More Platinum Card® benefits

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FAQs

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.

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.

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

Yes, you can enable access to your americanexpress.com Card account information through your Schwab.com Account Summary page.

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

Membership Rewards-enrolled Card Members get at least 1 Membership Rewards® point for every eligible dollar spent on their Membership Rewards program-enrolled American Express® Card. 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. Terms and Conditions for the Membership Rewards® program apply. Visit membershiprewards.com/terms for more information. Participating partners and available rewards are subject to change without notice.

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.

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. See www.americanexpress.com/us/cs-platinum-benefit-terms for benefit terms and conditions.

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 either 1) the Basic Card Member's membership in Schwab Private Wealth Services or Advisor Services Ultra-High Net Worth or 2) the Basic Card Member's Qualifying Schwab Holdings, in each case as described below. Basic Card Members may only receive one Schwab Appreciation Bonus each year of Card Membership.

Schwab Appreciation Bonus Measurement Dates

Your membership in Schwab Private Wealth Services, Advisor Services Ultra-High Net Worth, or Qualifying Schwab Holdings will be measured within five business days after (a) Card account approval and (b) the first calendar day of your annual Card account renewal month (each date, a "Measurement Date").

Schwab Appreciation Bonus Amounts

If on a Measurement Date either:

(1) 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 and less than $10,000,000, you will receive a $200 Card statement credit;
  • or (iii) equal to or greater than $10,000,000, you will receive a $1,000 Card statement credit;Or (2) you are a member of Schwab Private Wealth Services or Advisor Services Ultra-High Net Worth you will receive a $1,000 Card statement credit.

Terms and Conditions for the Schwab Private Wealth Services program apply; visit schwab.com/programdetails for more information.

Terms and Conditions for the Advisor Services Ultra-High Net Worth program apply; visit https://client.schwab.com/secured/alliance/products/ultra-high-net-worth-program-details for more information.

The Schwab Appreciation Bonus may be taxable income and may be reported on Form 1099. You are responsible for any federal or state taxes resulting from the Schwab Appreciation Bonus. Please consult your tax advisor if you have any questions about the tax treatment of the Schwab Appreciation Bonus.

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 Schwab Appreciation Bonus 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 Brokerage 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, or membership in Schwab Private Wealth Services, or Advisor Services Ultra-High Net Worth programs, in each case as of each Measurement Date, will be evaluated 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.