Editorial image; product art from the issuer. Offers and eligibility are subject to application terms.Bottom line
- Best for：Schwab Platinum keeps the core Amex Platinum travel and credit package while adding MR deposits to Schwab and an annual Appreciation Bonus tied to eligible holdings.
- Check eligibility：You need an eligible Schwab account and must maintain eligibility.
Application link80,000 Membership Rewards points
View current applicationSpend $12,000 within six months and maintain an eligible Schwab account.
Highlights
- Invest with Rewards：Redeem Membership Rewards points for deposits to an eligible Schwab account; confirm the live rate before transferring.
- Schwab Appreciation Bonus：Eligible Schwab holdings can earn $100, $200 or $1,000 annually at the $250k, $1m and $10m tiers.
- Rewards：5x on direct-airline or Amex Travel airfare up to $500,000 annually, 5x on prepaid Amex Travel hotels and 1x elsewhere.
- Global Lounge Collection：Access 1,550-plus lounges including Centurion Lounges, enrolled Priority Pass and eligible Delta Sky Club visits.
- Platinum credit package：Includes current hotel, Resy, digital entertainment, Uber, airline-fee, CLEAR+ and lululemon credits.
- No foreign transaction fee：No foreign transaction fee.
How to judge long-term value
Schwab Platinum fits clients who concentrate assets at Schwab, use Platinum travel benefits and value an investment-account exit for MR points. Without that relationship, simpler travel cards make more sense.
What to know before applying
- You need an eligible Schwab account and must maintain eligibility.
- The $895 fee is high; count only credits you would use naturally.
- MR deposits cannot be reversed to points; confirm the rate and use first.
Drawbacks
- $895 annual fee：The broad benefits require ongoing maintenance.
- Account relationship required：Applicants without an eligible Schwab account cannot apply.
Frequently asked questions
What is the main difference from regular Amex Platinum?
It adds MR deposits to Schwab and a possible Schwab Appreciation Bonus.
What is the annual fee?
$895.
Summary
Schwab Platinum fits clients who concentrate assets at Schwab, use Platinum travel benefits and value an investment-account exit for MR points. Without that relationship, simpler travel cards make more sense.
Application link80,000 Membership Rewards points
View current applicationConfirm the final offer, fees and eligibility before submitting.