The Platinum Card from American Express Exclusively for Charles Schwab
By Alex Compton · Last verified
The Platinum with an escape hatch: cash points out to your Schwab brokerage at 1.1 cents.
Welcome Bonus
80,000
≈$1,600 value
Spend Requirement
$12,000
in 6 months
Annual Fee
$895
No FTF
Credit Score
740+
(Excellent)
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Apply now or wait?
Consider waitingThis card has offered 150k before; the current 80k is right at its typical 80k. Elevated offers have appeared 1 time in the last two years of our data, so if you can wait, history is on your side.
Current offer
80k
All-time high
150k
Typical offer
80k
In place since
September 2026
| Observed | Offer | Requirement | What changed | Evidence |
|---|---|---|---|---|
| 2026-09-05 | 80,000 | $12,000 in 6 mo | Bonus decreased: 150,000 → 80,000Standard public offer after the 150k offer ended July 8, 2026 | Charles Schwab Platinum Card product page → |
| 2026-05 | 150,000 | $12,000 in 6 mo | Bonus increased: 80,000 → 150,000 · Spend: $8,000 → $12,000Best ever on this variant | Archive record · no attached snapshot |
| 2025-09 | 80,000 | $8,000 in 6 mo | Earliest recordRefresh: $895 AF, new credit stack | Archive record · no attached snapshot |
Primary-source verification log
Append-only evidence ledger- changed
Replaced the ended 150,000-point offer with the current 80,000-point offer and added current CLEAR Plus and Schwab appreciation credits
Fields: currentOffer, offerHistory, credits, benefits, pros, lastVerified
Charles Schwab Platinum Card product page →
Source checked 2026-09-05 · spot an outdated offer? Report a correction above.
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Earning Rates
- 5xFlights booked direct or via Amex Travel (up to $500k/yr)
- 5xPrepaid hotels via Amex Travel
- 1xAll other purchases
Credits ($2,494/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
- CLEAR Plus credit$219
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
- ✦Annual Schwab appreciation credit: $100 at $250k+, $200 at $1M+, or $1,000 at $10M+ in qualifying holdings
Why it earns its spot
- +Guaranteed 1.1 cent floor turns the 80k bonus into $880 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.
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