The Platinum Card® From American Express Exclusively For Charles Schwab

Name: The Platinum Card® From American Express Exclusively For Charles Schwab
Brand: Charles Schwab Bank, SSB
Price: 2251.28 USD
Availability: InStock

A $895-annual-fee points card from Charles Schwab Bank, SSB, with airport lounge access and a $1,500 signup bonus.

Points

Charles Schwab Bank, SSB · AMEX

Annual fee: $895
Purchase APR: 19.49–28.49%variable
Signup bonus: $1,500
Foreign transaction: None

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.

Your NAV

Try your own numbers

Spending

Monthly spend$2,500

Enter what you spend per category each month. Anything left blank counts as $0.

GroceryDiningGasTravelEverything else

Lounge value / yrWhat airport lounge access is worth to you per year. Zero if you rarely fly. Rough anchors: • Never flies or never uses lounges: $0 • 1–3 visits/yr (occasional traveler): $100–$200 • 5–10 visits/yr (regular leisure + business): $300–$500 • 15+ visits/yr (frequent business traveler): $750–$1,500 • 25+ visits/yr (road warrior): $1,500+ A Priority Pass day pass costs $35–$50; premium third-party lounges run $50–$75. Pick a number that reflects what you'd actually pay if you had to buy each visit.$0 (not counted)

Revolving balance$0

Spending we calculated on

Monthly$2,500

Annual$30,000

What this card would give you

Cashback	$317
Statement credits	$2,829
Subtotal	$3,146

You'd earn $3,146 in value over the year.

What it would cost you

Annual fee	$895
Subtotal	$895

You'd pay $895 to hold the card.

Year 1 value$3,751

Ongoing / yr$2,251

Year 1 includes the $1,500 signup bonus.

Net Annual Value$2,251

Net: an estimated $2,251 ahead over the year at your profile.

Earn Rules

Travelbooked directly with passenger airlines or through American Express Travel	5.00%
Travelthrough AmexTravel.com or by calling the number on the back of your Card	2.00%
Travelmade on AmexTravel.com or the Amex Travel App™	2.00%
All Other	1.00%

Statement Credits

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

Annual Schwab Appreciation Bonus: up to $1,000 Card statement credit based on Qualifying Schwab Holdings ($250,000+ for $100, $1,000,000+ for $200, $10,000,000+ for $1,000) or membership in Schwab Private Wealth Servicesyearnot counted: requires deposits or statusSource ↗	$1,000/yr
up to $300 in statement credits semi-annually for up to a total of $600 per calendar year for eligible prepaid Fine Hotels + Resorts® and The Hotel Collection bookings made through American Express TravelyearSource ↗	$600/yr
up to $100 in statement credits each quarter when the Basic Card or Additional Cards on the enrolled Account are used to pay for eligible Resy purchases, for a total of up to $400 per calendar yearyearSource ↗	$400/yr
up to $25 in statement credits each month on eligible purchases charged to the Card Account for a total of up to $300 each calendar year for Disney+, ESPN streaming services, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, and YouTubeyearSource ↗	$300/yr

+ Show 7 more credits

up to a total of $300 in statement credits each calendar year across all Cards on the Platinum Account on membership fees for U.S. eligible Equinox memberships or a stand-alone subscription to Equinox+yearSource ↗	$300/yr
up to $75 in statement credits each quarter on eligible purchases made directly with lululemon for a total of up to $300 each calendar yearyearSource ↗	$300/yr
up to $209 in statement credits per calendar year when their Platinum Card® or Additional Cards on the Account are used to pay for an annual CLEAR+ MembershipyearSource ↗	$209/yr
up to $200 in statement credits per calendar year for incidental airline fees charged by their one selected qualifying airlineyearSource ↗	$200/yr
up to $200 in statement credits each calendar year on eligible Oura Ring purchasesyearSource ↗	$200/yr
$15 Uber Cash each month plus an additional $20 Uber Cash in DecemberyearSource ↗	$200/yr
up to $120 in statement credits per calendar year on Uber One membership feesyearSource ↗	$120/yr

Total credits / year we count

$2,829

The total counts each credit at face value, and only the ones reachable at this spending level. The $1,000 credit is shown above but not included, because it requires a higher spend or a separate account balance. Adjust the calculator inputs and the total updates.

Signup Bonus

150,000 Membership Rewards® points after you spend $12,000 (the "Threshold Amount") or more in eligible purchases on your Platinum Card® from American Express Exclusively for Charles Schwab within the first 6 months of Platinum Card Membership starting from the date that your account is opened.

Value: $1,500 · Spend $12,000 in 6 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 reliably pay their balance in full each month. The 28.49% APR would wipe out the card's other benefits within a single billing cycle of revolving.
People who will spend $2,000 a month for the next 6 months anyway. That clears the $12,000 required for the $1,500 bonus, which covers the $895 fee and then some in year one.
Travelers who will actually use the lounge access. Set what a visit is worth to you in the calculator above. It is counted as $0 until you do, so the $895 fee currently has to be covered by everything else.

Where This Came From

Annual fee“$895”
Source ↗
APR range“19.49% – 28.49%”
Source ↗

Wondering if this card pays off for your situation? Is the The Platinum Card® From American Express Exclusively For Charles Schwab worth it? →

Cards in the Same Fee Tier That Score Higher

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Platinum Card®$2,446 (+$195)