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Side-by-side

The Business Platinum Card from Amex vs The Platinum Card from American Express Exclusively for Charles Schwab

Both are well-respected travel cards. The The Business Platinum Card from Amex comes from American Express at $895/yr; the The Platinum Card from American Express Exclusively for Charles Schwab from American Express at $695/yr. Below: side-by-side specs, an opinionated verdict, and the FAQs people actually ask before applying.

Bottom line

For most people the The Business Platinum Card from Amex is the stronger pick today, the sign-up bonus is meaningfully larger ($1,260 more in estimated value) than the The Platinum Card from American Express Exclusively for Charles Schwab's. Get the The Business Platinum Card from Amex first; revisit the The Platinum Card from American Express Exclusively for Charles Schwab after you've earned that bonus.

FeatureThe Business Platinum Card from AmexThe Platinum Card from American Express Exclusively for Charles Schwab
Annual fee$895$695
Sign-up bonus150,000 Membership Rewards pointsUp to 80,000 Membership Rewards points
Bonus value (est.)$2,700$1,440
Min spend to unlock bonus$20,000 in 3 mo$8,000 in 6 mo
IssuerAmerican ExpressAmerican Express
Card categorybusinesstravel
Best earning category (Flights_hotels_amextravel)5x1x
Transfer partnersamex-mramex-mr
Headline benefits
  • 150k MR bonus
  • $910 in shopping credits
  • Centurion lounge access
  • 35% flight rebate
  • Invest with Rewards 1.1c/pt into Schwab
  • Centurion + Priority Pass + Delta Sky Club
  • 5X flights, 5X prepaid hotels
  • $1,500+ in annual credits
Read the full review
The Business Platinum Card from Amex
$895/yr · 150,000 Membership Rewards points
Read the full review
The Platinum Card from American Express Exclusively for Charles Schwab
$695/yr · Up to 80,000 Membership Rewards points

Editorial take: The Business Platinum Card from Amex

Only worth it if you'll actually use the Dell, Indeed, and Adobe credits, they total $910 per year but require repeat spending at each vendor. If you do, this is the most credit-rich card on the market.

Editorial take: The Platinum Card from American Express Exclusively for Charles Schwab

The premium Platinum for Schwab brokerage customers. Same lounge access, FHR, and credit suite as the Personal Platinum, but the killer feature is Invest with Rewards at 1.1 cents per point cash-into-brokerage — the highest fixed-value MR redemption in the program. Best for cardholders who don't max out airline transfer partners.

Common questions

Which card has the bigger sign-up bonus, The Business Platinum Card from Amex or The Platinum Card from American Express Exclusively for Charles Schwab?
The The Business Platinum Card from Amex has the bigger bonus, 150,000 Membership Rewards points, worth roughly $2,700, versus Up to 80,000 Membership Rewards points (~$1,440) on the The Platinum Card from American Express Exclusively for Charles Schwab.
Is the The Business Platinum Card from Amex's $895 annual fee worth it compared to the The Platinum Card from American Express Exclusively for Charles Schwab?
Premium cards like the The Business Platinum Card from Amex ($895/yr) earn their fee through credits, travel, dining, lounge access, statement reimbursements. If you'd actively use $895+ of those credits, the math works. The The Platinum Card from American Express Exclusively for Charles Schwab at $695/yr trades some perks for a lower commitment.
Can I have both the The Business Platinum Card from Amex and The Platinum Card from American Express Exclusively for Charles Schwab?
Yes, though both are issued by American Express so the same issuer-specific application rules apply (Chase 5/24 if applicable, Amex once-per-lifetime bonus, etc.). Many points enthusiasts hold both, they pair well when one earns flexible bank points and the other earns a different currency.
Should I get the The Business Platinum Card from Amex or the The Platinum Card from American Express Exclusively for Charles Schwab first?
Get the one whose sign-up bonus you can hit comfortably without overspending. The Business Platinum Card from Amex: $20,000 spend in 3 months. The Platinum Card from American Express Exclusively for Charles Schwab: $8,000 in 6 months. Pick the easier minimum spend if you're new to points; pick the larger bonus if you have planned big purchases coming up.

Card details on this page reflect the most recent data we've verified against the issuer's own site. Sign-up bonuses and fees can change at any time, confirm the current offer on the issuer's page before applying.