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Schwab Investor from American Express® Review

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

Updated November 24, 2023
Advertiser Disclosure Our Methodology
Schwab Investor from American Express
Our Rating:
2.83 out of 5
scorer
Recommended credit score
Excellent (740-799)
  • Rewards Rate:
    • 1.5% Unlimited Cash Back automatically deposited into your eligible Schwab account for purchases made with your card.
  • Intro Offer:
    • $200 Card Statement Credit after spending $1,000 in purchases on your Schwab Investor Card® in the first 3 months of Card Membership.
  • Annual Fee:
    $0
  • Purchase Intro APR:
    0% Introductory APR for the first 6 months from the date of account opening
  • Regular APR:
    19.24% - 22.24% Variable
  • Balance Transfer APR:
    None
Show more

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American Express® Schwab Investor Rewards Calculator

How do you record your expenses?
Enter your monthly spendings on:
1.5%
All purchases
$
Have you already recieved the American Express® intro bonus?
How would you like to redeem points?
Calculate
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All benefits

  • Cash back
    • 1.5% Unlimited Cash Back automatically deposited into your eligible Schwab account for purchases made with your card.

Rate and fee information

  • Purchase Intro APR
    • 0% Introductory APR for the first 6 months from the date of account opening
  • Purchase APR
    • 19.24% - 22.24% 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 won't be charged interest on purchases if you pay each month your entire balance (or if you have a plan outstanding, your balance adjusted for plans) by the due date.

Fees

  • Annual Fee
    • $0
  • 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 annual fee
  • 0% APR introductory APR
Cons:
  • The Card is only available to clients who maintain an eligible Schwab account
  • Foreign Transaction Fee

Features

Classic
American Express
  • No Annual Fee
  • Fraud Protection
  • Rewards
  • 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® Schwab Investor is an option for those, who need Classic features. With an APR of 19.24% - 22.24% and $0 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® Schwab Investor you will get such features as No Annual Fee, Fraud Protection, 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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