The American Express Platinum Card® for Schwab could be the perfect card for you if you already have an account open with them. Right now, you can earn 60,000 Membership Rewards points which is worth a $750 deposit after you spend $5,000 in the first 3 months of card membership.
On top of that, you will earn 1X Membership Rewards points for every dollar you spend. Annually, you will be awarded with $100 after you spend $25,000 in purchases on your card each year.
There is a hefty annual fee of $550 but the card basically pays for itself with all the rewards and benefits such as 5X points on flights and hotels, access to more than 1,200 airport lounges, and $200 in statement credits per calendar year. If you are a part of Charles Schwab, take advantage of this great credit card today!
* The Platinum Card for Schwab Card is issued by American Express. They also offer great sign-up bonuses for their credit cards.
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American Express Platinum Card for Schwab
|Bonus Available||Earn 60,000 Membership Rewards points after you spend $5,000 in purchases on the card in the first 3 months of card membership|
|Ongoing Rewards/Benefits||Earn 5X points if you book flights directly with airlines or with American Express Travel. Earn 5X Membership Rewards® points on prepaid hotels booked on amextravel.com.|
|Foreign Transaction Fees||0%|
|Airport Lounge Access||Global Lounge Collection. Access to more than 1,200 lounges across 130+ countries.|
- Welcome bonus rate
- Global Lounge Access
- No foreign transaction fees
- Annual fee
- Good-Excellent credit necessary to qualify
Editor’s Alternate Pick
The Platinum Card® from American Express offers 100,000 Membership Rewards Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
• 10X points on eligible purchases on the 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.
• 5X Membership Rewards Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
• 5X Membership Rewards Points on prepaid hotels booked with American Express Travel.
This card comes with an annual fee of $695 (See Rates & Fees), but you cardholders can enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only. Terms Apply.
Why You Should Apply For This Card
Remember that you can earn 5X points if you book flights directly with airlines or with American Express Travel.
Enjoy complimentary access to over 1,100 airport lounges if you arrive too early or if that layover was extended with additional delays. You’ll never have to be stressed and without a place to rest.
You can access lounges in over 120 countries and you get access into The Centurion® lounge network, the International American Express lounges, Delta Sky Clubs®, and Airspace Lounges. In addition to the amazing lounge accees you also get enrolled in Priority Pass™ Select!
Have you ever went on a trip and on your return trip you packed too much and have to check in your bag? Well with the Platinum Amex you can rest assured that checking in a bag isn’t going to cost you an arm and a leg.
They will provide you $200 airline fee credit every year. So any purchases with a qualifying airline will be eligible for you to receive statement credit for that amount.
Great news for those that are always traveling, if you have your American Express Platinum card linked with your uber account you will earn up to $200 uber savings each year!
If you wanted to partake in ride-sharing but haven’t because of the fees well this card is your answer to take advantage of Uber each and every year.
Traveling has been harder and harder but with TSA Pre-check and Global Entry you can bypass crazy lines during busy airport times.
Wait, you don’t have one? Well don’t fret, with this car, start and application to apply for one and pay with this card as they will give you statement credit in the amount of your application cost.
How great is that? You get the privilege to not take off your shoes and you don’t have to take out your liquids in security lines. That’ll save you time if you’re running late!
|Best Credit Card Categories|
|0% APR||Airline Rewards||Balance Transfer|
|Cash Back||Hotel Rewards||Military|
|No Annual Fee||No Foreign Transaction Fee||Premium|
|Small Business||Student||Travel Rewards|
If you currently have an account with Charles Schwab, definitely consider signing up for the glorious American Express Platinum Card® for Schwab. The annual fee is justified with all the benefits you will be receiving with this card.
This is a big offer to help you earn easy Membership Rewards points on your purchases. If you’re in search for a premium travel credit card, this is the card for you. However if you feel like this card is not the one, check out our full list of the Best American Express Credit Cards or best credit card bonuses to find the one that suits your needs.
What’s The Competition?
The Chase Sapphire Preferred Card offers 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards.
• 5X points on travel purchased through Chase Ultimate Rewards
• 3X points on dining
• 3X points on select streaming services and online grocery purchases
• 2X points on all other travel purchases
• 1X point per $1 spent on all other purchases
Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit and when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
This card carries a $95 annual fee.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.