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Schwab Investor Card® From American Express

A no-annual-fee cashback card from Charles Schwab Bank, SSB.

Cash back

Charles Schwab Bank, SSB · AMEX

Annual fee
$0
Purchase APR
19.49–28.49%variable
Signup bonus
$300
Foreign transaction
2.7%
You need a membership to get this card. Available only to Charles Schwab clients — you must hold an eligible Schwab brokerage account to apply. We still rank it on the same math as every other card, and this requirement is not part of that math, so the membership (and any cost) is yours to weigh. Membership details.

Earn Rules

Rates with strings attached

These apply only at a specific brand, or need something beyond how you spend, like a balance held with the issuer or a status tier. They are real, but we do not count them in the value above, which uses the rates any cardholder earns on ordinary spending.

maintains an eligible account at Schwab1.50%

Statement Credits

Each credit shown at full face value. The NAV math counts the total. What you actually use is your call.

10% back (up to $250) in statement credits per calendar year after using their enrolled Card to make qualifying food and beverage concessions purchases at stadiums and arenas in the American Express Venue Collection™yearSource ↗$250/yr
Total credits / year we count$250

The total counts each credit at face value, and only the ones reachable at this spending level.

Signup Bonus

$300 Card Statement Credit

Value: $300 · Spend $1,000 in 3 months

This bonus is counted in full in the card's Year 1 value, and only when your spend meets the requirement. It's excluded from the ongoing value.

Who This Card Makes Sense For

  • People who occasionally carry a balance. With no annual fee on top, the interest is the only cost.

Where This Came From

Wondering if this card pays off for your situation? Is the Schwab Investor Card® From American Express worth it? →