Credit Compound
American Express
Schwab Platinum
Personal · $895 AF

The Platinum Card from American Express Exclusively for Charles Schwab

The Platinum with an escape hatch: cash points out to your Schwab brokerage at 1.1 cents.

★ 9.0/10American ExpresspersonalAmex Membership Rewards
View Current OfferBest for: Schwab investors who want a cash floor under their points

Welcome Bonus

150,000

≈$3,000 value

Spend Requirement

$12,000

in 6 months

Annual Fee

$895

No FTF

Credit Score

740+

(Excellent)

Current offer note: Elevated offer ends July 8, 2026

Historical Offers Chart

Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.

Sign-Up Bonus (points)Spending Requirement ($)
050,000100,000150,000200,000$0$5,000$10,000$15,000$20,0002026-01Sign-Up BonusSpending Requirement ($)

Last verified 2026-06-11 · spot an outdated offer? Tell us in the comments.

Earning Rates

  • 5xFlights booked direct or via Amex Travel (up to $500k/yr)
  • 5xPrepaid hotels via Amex Travel
  • 1xAll other purchases

Credits ($2,275/yr stated)

  • Hotel credit$600

    $300 semiannually, FHR / The Hotel Collection

  • Resy dining credit$400

    $100 quarterly

  • Digital entertainment credit$300

    $25 monthly

  • Lululemon credit$300

    $75 quarterly

  • Airline fee credit$200

    One selected airline

  • Uber Cash$200

    $15/mo + $20 December bonus

  • Walmart+ membership credit$155
  • Uber One membership credit$120

Benefits

  • ✦Invest with Rewards: cash out MR points to Schwab brokerage at 1.1 cents each
  • ✦Centurion Lounges, Delta Sky Clubs (when flying Delta), Priority Pass, Plaza Premium
  • ✦Marriott + Hilton Gold status
  • ✦Global Entry / TSA PreCheck credit
  • ✦Requires an eligible Schwab brokerage account to apply

Why it earns its spot

  • +Guaranteed 1.1 cent floor turns a 150k bonus into $1,650 cash minimum
  • +Identical lounge and credit stack to the standard Platinum
  • +Cash-out option removes all redemption anxiety

Where it costs you

  • −$895 fee with the same coupon-book credits to manage
  • −Needs a Schwab brokerage relationship
  • −Cashing out at 1.1 cents forfeits transfer partner upside

The Compound Verdict

Same Platinum, better exit. The Schwab cash-out floor means your points can never be worth less than 1.1 cents, which quietly makes this the best Platinum variant for anyone who is not a committed award booker. If you already invest at Schwab, there is no reason to hold the vanilla version instead.

View Current OfferAmerican Express application rules

Rate this card

Be the first to rate it

Commentson Schwab Platinum

Comments are stored in your browser during our community preview. Accounts, moderation and cross-device sync arrive with Credit Compound Community.