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Side-by-side

The Platinum Card from American Express Exclusively for Charles Schwab vs Lowe's Business Rewards Card from American Express

Both are well-respected travel cards. The The Platinum Card from American Express Exclusively for Charles Schwab comes from American Express at $695/yr; the Lowe's Business Rewards Card from American Express from American Express at $0/yr. Below: side-by-side specs, an opinionated verdict, and the FAQs people actually ask before applying.

Bottom line

For most people the The Platinum Card from American Express Exclusively for Charles Schwab is the stronger pick today, the sign-up bonus is meaningfully larger ($1,340 more in estimated value) than the Lowe's Business Rewards Card from American Express's. Get the The Platinum Card from American Express Exclusively for Charles Schwab first; revisit the Lowe's Business Rewards Card from American Express after you've earned that bonus.

FeatureThe Platinum Card from American Express Exclusively for Charles SchwabLowe's Business Rewards Card from American Express
Annual fee$695$0
Sign-up bonusUp to 80,000 Membership Rewards points$100 statement credit
Bonus value (est.)$1,440$100
Min spend to unlock bonus$8,000 in 6 mo$1,000 in 3 mo
IssuerAmerican ExpressAmerican Express
Card categorytravelbusiness
Best earning category (Flights_direct_or_amextravel)5x1x
Transfer partnersamex-mrNone
Headline benefits
  • 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 Platinum Card from American Express Exclusively for Charles Schwab
    $695/yr · Up to 80,000 Membership Rewards points
    Read the full review
    Lowe's Business Rewards Card from American Express
    $0/yr · $100 statement credit

    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.

    Editorial take: Lowe's Business Rewards Card from American Express

    Common questions

    Which card has the bigger sign-up bonus, The Platinum Card from American Express Exclusively for Charles Schwab or Lowe's Business Rewards Card from American Express?
    The The Platinum Card from American Express Exclusively for Charles Schwab has the bigger bonus, Up to 80,000 Membership Rewards points, worth roughly $1,440, versus $100 statement credit (~$100) on the Lowe's Business Rewards Card from American Express.
    Is the The Platinum Card from American Express Exclusively for Charles Schwab's $695 annual fee worth it compared to the Lowe's Business Rewards Card from American Express?
    Premium cards like the The Platinum Card from American Express Exclusively for Charles Schwab ($695/yr) earn their fee through credits, travel, dining, lounge access, statement reimbursements. If you'd actively use $695+ of those credits, the math works. The Lowe's Business Rewards Card from American Express at $0/yr trades some perks for a lower commitment.
    Can I have both the The Platinum Card from American Express Exclusively for Charles Schwab and Lowe's Business Rewards Card from American Express?
    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 Platinum Card from American Express Exclusively for Charles Schwab or the Lowe's Business Rewards Card from American Express first?
    Get the one whose sign-up bonus you can hit comfortably without overspending. The Platinum Card from American Express Exclusively for Charles Schwab: $8,000 spend in 6 months. Lowe's Business Rewards Card from American Express: $1,000 in 3 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.