USES

Platinum for Schwab from American Express® Review

Platinum for Schwab from American Express® — all information about the credit card.

Updated November 24, 2023
Advertiser Disclosure Our Methodology
American Express® Platinum for Schwab
Our Rating:
3.59 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 5x Membership Rewards® points on up to $500,000 per calendar year on flights booked directly with airlines or with American Express Travel.
    • 5x Membership Rewards® points on eligible prepaid hotels booked with American Express Travel, including The Hotel Collection.
  • Intro Offer:
    • 80,000x Membership Rewards® points after spending $8,000 in purchases on your American Express Platinum Card® for Schwab in your first 6 months of Card Membership.
  • Annual Fee:
    $695 annually
  • Purchase Intro APR:
    None
  • Regular APR:
    21.24% - 29.24% Variable
  • Balance Transfer APR:
    None
Show more

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American Express® Platinum for Schwab Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
5X
Flights
$
5X
Hotels
$
Have you already recieved the American Express® intro bonus?
How would you like to redeem points?
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All benefits

  • Points
    • 5x On up to $500,000 per calendar year on flights booked directly with airlines or with American Express Travel.
    • 5x On eligible prepaid hotels booked with American Express Travel, including The Hotel Collection.
  • Travel
    • $200 Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings through American Express Travel when you pay with your Platinum Card®. And if you fly, you can receive up to $200 in statement credits per calendar year after you select one qualifying airline and incidental fees are charged by the airline to your Platinum Card®.

Rate and fee information

  • Purchase Intro APR
    • None
  • Purchase APR
    • 21.24% - 29.24% Variable
  • Intro Balance Transfer APR
    • None
  • Balance Transfers APR
    • None
  • APR for Cash Advances
    • 29.99% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 25 days after the close of each billing period. You will not be charged interest on charges automatically added to a Pay Over Time balance if each month you pay your Account Total New Balance on your billing statement (or, if you have a Plan balance, your Adjusted Balance on your billing statement) by the due date. If you have Cash Advance on your Account, you will be charged interest on cash advances on the transaction date.

Fees

  • Annual Fee
    • $695 annually
  • Fees for Cash Advances
    • Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty Fees
    • 29.99%
  • Return Payment
    • Up to $40
  • Late Payment
    • Up to $40
View all Rates & Fees

Pros & Cons

Pros:
  • No Foreign Transaction Fee
Cons:
  • High Annual Fee
  • Balance transfers are not available

Features

Platinum
American Express
Contactless
  • No foreign transaction fees
  • Payment Flexibility
  • Rewards
  • Bonus points
  • Travel
  • Airline
  • Excellent Credit

About the issuer

American Express®
American Express® has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your

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See Another Credit Cards in the Bank

American Express® Platinum for Schwab is an option for those, who need Platinum features. With an APR of 21.24% - 29.24% and $695 annual fee this credit card can easily cover your simple everyday demands. For high approval odds you need to have Excellent (740-799) credit score. With American Express® Platinum for Schwab you will get such features as No foreign transaction fees, Payment Flexibility, Rewards, etc. To make sure about either this credit card is good for you or not compare it with other cards with similar features.

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