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Side-by-side

American Express Schwab Investor Card vs Amazon Business Prime American Express Card

Both are well-respected travel cards. The American Express Schwab Investor Card comes from American Express at $0/yr; the Amazon Business Prime American Express Card from American Express at $0/yr. Below: side-by-side specs, an opinionated verdict, and the FAQs people actually ask before applying.

Bottom line

These cards are close on the fundamentals (similar bonus value, similar fee). The right pick depends on which category you spend the most in and which transfer partners best fit your travel goals.

FeatureAmerican Express Schwab Investor CardAmazon Business Prime American Express Card
Annual fee$0$0
Sign-up bonus10,000 Membership Rewards points$125 Amazon.com Gift Card
Bonus value (est.)$110$125
Min spend to unlock bonus$1,000 in 6 mo$0 in 0 mo
IssuerAmerican ExpressAmerican Express
Card categorytravelbusiness
Best earning category (All_purchases)1.5x1x
Transfer partnersamex-mrNone
Headline benefits
  • 1.5X MR on everything
  • $0 annual fee
  • 1.0c/pt Invest with Rewards
  • Full MR transfer partners
    Read the full review
    American Express Schwab Investor Card
    $0/yr · 10,000 Membership Rewards points
    Read the full review
    Amazon Business Prime American Express Card
    $0/yr · $125 Amazon.com Gift Card

    Editorial take: American Express Schwab Investor Card

    The hidden gem of the Amex MR lineup for Schwab brokerage customers. Flat 1.5X MR with $0 annual fee, full transfer-partner access, AND a 1.0 cents-per-point cash-into-brokerage redemption guarantees you can always extract real cash. The catch: you need a Schwab brokerage account to apply.

    Editorial take: Amazon Business Prime American Express Card

    Common questions

    Which card has the bigger sign-up bonus, American Express Schwab Investor Card or Amazon Business Prime American Express Card?
    The Amazon Business Prime American Express Card has the bigger bonus, $125 Amazon.com Gift Card, worth roughly $125, versus 10,000 Membership Rewards points (~$110) on the American Express Schwab Investor Card.
    Is the American Express Schwab Investor Card's $0 annual fee worth it compared to the Amazon Business Prime American Express Card?
    The American Express Schwab Investor Card has no annual fee, so the question is whether the Amazon Business Prime American Express Card's $0 fee is justified by its perks. If you'll use enough of the Amazon Business Prime American Express Card's benefits to clear $0 in value annually, it's worth it; otherwise stick with the American Express Schwab Investor Card.
    Can I have both the American Express Schwab Investor Card and Amazon Business Prime American Express Card?
    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 American Express Schwab Investor Card or the Amazon Business Prime American Express Card first?
    Get the one whose sign-up bonus you can hit comfortably without overspending. American Express Schwab Investor Card: $1,000 spend in 6 months. Amazon Business Prime American Express Card: $0 in 0 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.