The Platinum Card from American Express Exclusively for Charles Schwab
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Earn up to 80,000 Membership Rewards bonus points after spending $8,000 in eligible purchases on the new Card in the first 6 months of Card Membership (current Schwab-channel public offer; valued at approximately $1,440 at Amex MR transfer-partner valuations of ~1.8c/point or $880 at the Schwab 1.1 cents-per-point Invest with Rewards rate; welcome offers vary and you may not be eligible).
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.
Earning Rates
Key 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
All Benefits
- $695 annual fee (Schwab cobrand variant has historically retained the pre-September-2025-refresh fee tier; the post-refresh Personal Platinum is now $895 — verify current Schwab cobrand fee at application)
- Invest with Rewards: redeem Membership Rewards points into an eligible Charles Schwab brokerage account at 1.1 cents per point (the highest fixed-value cash-equivalent MR redemption available; 100,000 MR = $1,100 deposited into your Schwab brokerage)
- Schwab eligibility required: must have an eligible Charles Schwab brokerage account at the time of application
- 5X Membership Rewards on flights booked directly or through Amex Travel (capped at $500K in flight purchases per calendar year)
- 5X Membership Rewards on prepaid hotels booked through AmexTravel.com
- 1X on everything else
- Up to $200 annual airline incidental fee credit on one preselected qualifying airline
- Up to $200 annual Uber Cash credit ($15/mo Jan-Nov, $35 Dec)
- Up to $200 annual hotel credit on Fine Hotels + Resorts and The Hotel Collection prepaid bookings (legacy pre-refresh structure on Schwab cobrand)
- Up to $240 annual Digital Entertainment credit (Disney+, Hulu, ESPN+, NYT, Peacock, WSJ — legacy pre-refresh list)
- Up to $300 annual Equinox credit
- Up to $189 annual CLEAR Plus credit (legacy pre-refresh figure; new Personal Platinum is up to $209)
- Up to $200 annual Saks Fifth Avenue credit (being retired July 1, 2026)
- Up to $155 annual Walmart+ credit
- Up to $120 every 4 years Global Entry application credit or up to $85 every 4.5 years TSA PreCheck credit
- American Express Global Lounge Collection access (Centurion Lounge, Priority Pass Select, 10 Delta Sky Club visits/year, Escape Lounges, Plaza Premium)
- Fine Hotels + Resorts: breakfast for two, noon check-in, 4pm late checkout, room upgrade when available, $100 on-property amenity at 2,300+ properties
- The Hotel Collection: $100 on-property credit + room upgrade when available on 2+ night bookings via AmexTravel.com
- Hilton Honors Gold elite status (enrollment required)
- Marriott Bonvoy Gold Elite status (enrollment required)
- Trip cancellation/interruption insurance up to $10K/trip and $20K/account per 12 months
- Trip delay insurance up to $500 per covered trip (6+ hours, max 2 trips per 12 months)
- Baggage insurance up to $2K checked/$3K carry-on per person per trip
- Cell phone protection up to $800 per claim, $50 deductible, 2 claims per 12 months
- Purchase protection up to $10K per occurrence, $50K per account per calendar year
- Extended warranty +1 year on warranties of 5 years or less
- No foreign transaction fees; Platinum Concierge; By Invitation Only events
- Welcome offer: up to 80,000 Membership Rewards bonus points after $8,000 in eligible purchases in the first 6 months
- Schwab redemption rate history: cut from 1.25 cents per point to 1.1 cents per point in March 2022 — future cuts cannot be ruled out
- Decision framework: better than Personal Platinum for Schwab brokerage customers who redeem a meaningful portion of MR points for cash-equivalent value (1.1c vs 0.6c statement credit = roughly $5,000 in additional value per 1M points redeemed)
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Transfer Partners
Full guide →Amex Membership Rewards points transfer to these loyalty programs:
How to Earn the Bonus
Spend $8,000 in the first 6 months to earn the Up to 80,000 Membership Rewards points bonus.
Ready to Apply?
Earn Up to 80,000 Membership Rewards points
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