The Platinum Card® From American Express Exclusively For Charles Schwab
A $895-annual-fee points card from Charles Schwab Bank, SSB, with airport lounge access and a $1,500 signup bonus.
Charles Schwab Bank, SSB · AMEX
- Annual fee
- $895
- Purchase APR
- 19.49–28.49%variable
- Signup bonus
- $1,500
- Foreign transaction
- None
Earn Rules
| Travelbooked directly with passenger airlines or through American Express Travel | 5.00% |
| Travelthrough AmexTravel.com or by calling the number on the back of your Card | 2.00% |
| Travelmade on AmexTravel.com or the Amex Travel App™ | 2.00% |
| All Other | 1.00% |
Statement Credits
Each credit shown at full face value. The NAV math counts the total. What you actually use is your call.
| Annual Schwab Appreciation Bonus: up to $1,000 Card statement credit based on Qualifying Schwab Holdings ($250,000+ for $100, $1,000,000+ for $200, $10,000,000+ for $1,000) or membership in Schwab Private Wealth Servicesyearnot counted: requires deposits or statusSource ↗ | $1,000/yr |
| up to $300 in statement credits semi-annually for up to a total of $600 per calendar year for eligible prepaid Fine Hotels + Resorts® and The Hotel Collection bookings made through American Express TravelyearSource ↗ | $600/yr |
| up to $100 in statement credits each quarter when the Basic Card or Additional Cards on the enrolled Account are used to pay for eligible Resy purchases, for a total of up to $400 per calendar yearyearSource ↗ | $400/yr |
| up to $25 in statement credits each month on eligible purchases charged to the Card Account for a total of up to $300 each calendar year for Disney+, ESPN streaming services, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, and YouTubeyearSource ↗ | $300/yr |
+ Show 7 more credits
| up to a total of $300 in statement credits each calendar year across all Cards on the Platinum Account on membership fees for U.S. eligible Equinox memberships or a stand-alone subscription to Equinox+yearSource ↗ | $300/yr |
| up to $75 in statement credits each quarter on eligible purchases made directly with lululemon for a total of up to $300 each calendar yearyearSource ↗ | $300/yr |
| up to $209 in statement credits per calendar year when their Platinum Card® or Additional Cards on the Account are used to pay for an annual CLEAR+ MembershipyearSource ↗ | $209/yr |
| up to $200 in statement credits per calendar year for incidental airline fees charged by their one selected qualifying airlineyearSource ↗ | $200/yr |
| up to $200 in statement credits each calendar year on eligible Oura Ring purchasesyearSource ↗ | $200/yr |
| $15 Uber Cash each month plus an additional $20 Uber Cash in DecemberyearSource ↗ | $200/yr |
| up to $120 in statement credits per calendar year on Uber One membership feesyearSource ↗ | $120/yr |
| Total credits / year we count | $2,829 |
Why this differs from the issuer's headline number. Card marketing sums every credit at full value and assumes you use all of them. We count each credit at face value too, but only the ones you can reach at this spending level. The $1,000 credit is shown above but not added into the total, because it needs a much higher spend or a separate account balance. A credit you won't use is worth $0 to you, so the honest number for most people is lower than the brochure. Decide which ones fit your life; the calculator counts what you tell it to.
Signup Bonus
150,000 Membership Rewards® points after you spend $12,000 (the "Threshold Amount") or more in eligible purchases on your Platinum Card® from American Express Exclusively for Charles Schwab within the first 6 months of Platinum Card Membership starting from the date that your account is opened.
Value: $1,500 · Spend $12,000 in 6 months
This bonus is counted in full in the card's Year 1 value, and only when your spend meets the requirement. It's excluded from the ongoing value.
Who This Card Makes Sense For
- People who reliably pay their balance in full each month. The 28.49% APR would wipe out the card's other benefits within a single billing cycle of revolving.
- People who will spend $2,000 a month for the next 6 months anyway — that clears the $12,000 required for the $1,500 bonus, which covers the $895 fee and then some in year one.
- Travelers who will actually use the lounge access. Set what a visit is worth to you in the calculator above — it is counted as $0 until you do, so the $895 fee currently has to be covered by everything else.
Wondering if this card pays off for your situation? Is the The Platinum Card® From American Express Exclusively For Charles Schwab worth it? →
Cards in the Same Fee Tier That Score Higher
A similar annual fee, ranked higher at the default profile.
- Platinum Card®$2,446 (+$195)