American Express Schwab Investor Card vs Navy Federal More Rewards American Express Card

Common questions

Which card has the bigger sign-up bonus, American Express Schwab Investor Card or Navy Federal More Rewards American Express Card?

The Navy Federal More Rewards American Express Card has the bigger bonus, 20,000 points ($200 value), worth roughly $200, 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 Navy Federal More Rewards American Express Card?

The American Express Schwab Investor Card has no annual fee, so the question is whether the Navy Federal More Rewards American Express Card's $0 fee is justified by its perks. If you'll use enough of the Navy Federal More Rewards 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 Navy Federal More Rewards American Express Card?

Yes, since they're from different issuers (American Express and Navy Federal Credit Union) the application rules don't conflict. 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 Navy Federal More Rewards 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. Navy Federal More Rewards American Express Card: $2,000 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.