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American Express Platinum Card® for Schwab

American Express Platinum Card® for Schwab

Earn 60,000 Membership Rewards® points

American Express Platinum Card® for Schwab
  • Cash Advance APR 25.24% variable based on the Prime Rate
  • Annual Fee $550
  • Credit Needed Excellent
  • Processing Network American Express
Best Benefits
  • $100 Card statement credit if your qualifying Schwab holdings are equal to or greater than $250,000
  • $200 Card statement credit if your qualifying Schwab holdings are equal to or greater than $1,000,000
  • 5x points on bookings through Amextravel.com
Rates & Fees
  • Cash Advance APR: 25.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greate
  • Annual Fee: $550
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40

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At a Glance

The American Express Platinum Card® for Schwab offers cardholders an impressive 5x Membership Rewards® points on flights and prepaid hotels on amextravel.com and the ability to earn up to 60,000 Membership Rewards® points within the first three months of their card membership. Factor in other perks, such as airport lounge access through the American Express Global Lounge Collection℠ and the possibility of a Schwab appreciation bonus should an account holders’ Schwab holdings exceed at least $250,000, and this card is a powerful rewards tool for the frequent traveler.

Ideal for Those Who:

  • Frequently travel for business or pleasure
  • Want access to over 1,200 lounges worldwide
  • Want to earn 5x points on your flight and hotel bookings

Amex Platinum Card® for Schwab Review

One of the marquee benefits that boosts the impressive American Express Platinum Card® for Schwab includes 5x Membership Rewards® points on flights and prepaid hotels on amextravel.com. Cardholders also benefit from no foreign transaction fees, making this a potent bit of plastic for the frequent world traveler – either for business or pleasure. New members can also earn 60,000 Membership Rewards® points after spending $5,000 on purchase within the first 3 months of card membership, which is an enticing welcome bonus with a cash value of around $750.

The Amex Platinum Card® for Schwab also features a statement credit for Global Entry or TSA Pre✔® (every 4.5 years for TSA Pre✔®, and every 4 years for Global Entry) and access to over 1,200 luxurious airport lounges in the American Express Global Lounge Collection. Because of these benefits, constant travelers may have found their next favorite travel partner with this card.

Since the American Express Platinum Card® for Schwab is geared towards the traveler, the addition of Uber ride perks is another excellent feature. Cardholders receive $15 in Uber credits each month with their card membership, plus an additional $20 each December, meaning even after leaving the airport the AMEX Platinum Card pays dividends.

The AmexPlatinum Card® for Schwab features an annual fee of $550, which may sound steep, but it is more than made up for with the handsome rewards it provides. Cardholders also benefit from the exceptional customer service that American Express has become renowned for over the years, as well as acceptance at over 1.6 million locations across the United States, and millions more around the world.

Should You Apply for the American Express Platinum Card® for Schwab?

Overall, the American Express Platinum Card® for Schwab offers value far exceeding its hefty annual fee. While this card may not be for everybody, for the frequent traveler, there aren’t many better rewards cards available today.