American Express Schwab Investor Card
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Earn 10,000 Membership Rewards bonus points after spending $1,000 in eligible purchases on the Card in the first 6 months of Card Membership (current Schwab-channel public offer; valued at approximately $110 at the Schwab Investor card's 1.0 cents-per-point Invest with Rewards rate or roughly $180 at Amex MR transfer-partner valuations of ~1.8c/point; welcome offers vary and you may not be eligible).
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.
Earning Rates
Key Benefits
- 1.5X MR on everything
- $0 annual fee
- 1.0c/pt Invest with Rewards
- Full MR transfer partners
All Benefits
- $0 annual fee — the no-annual-fee Schwab-cobrand Membership Rewards-earning American Express card
- 1.5X Membership Rewards points per dollar on all eligible purchases (flat catch-all earning structure)
- Schwab eligibility required: must have an eligible Charles Schwab brokerage account at the time of application
- Invest with Rewards: redeem Membership Rewards points into an eligible Charles Schwab brokerage account at 1.0 cent per point (note: the Investor Card's rate is 1.0c per point, 0.1c lower than the Schwab Platinum cobrand's 1.1c per point — verify current rate at application)
- Membership Rewards points transfer 1:1 to 18+ airline partners and 3 hotel partners (full MR transfer ecosystem access at $0 annual fee — the key advantage over flat 1.5% cash-back cards from other issuers)
- No foreign transaction fees on purchases made outside the U.S.
- Secondary Car Rental Loss and Damage Insurance (Covered Territories, excludes liability, Australia/Italy/New Zealand)
- Global Assist Hotline 24/7 when traveling 100+ miles from home
- Purchase Protection up to $1,000 per occurrence, $50,000 per account per calendar year (90 days)
- Extended Warranty +1 year on eligible warranties of 5 years or less
- Amex Offers and Pay Over Time / Plan It flexibility
- Welcome offer: 10,000 Membership Rewards bonus points after $1,000 in eligible purchases in the first 6 months
- Best-fit positioning: the right Schwab-cobrand variant for occasional travelers who do not need Centurion Lounge access, Fine Hotels + Resorts, or the Platinum's annual credit suite — saving $695 in annual fee in exchange for the 0.1c lower Invest with Rewards rate
- Not offered: any lounge access (Centurion, Priority Pass, Delta Sky Club), Fine Hotels + Resorts, The Hotel Collection, Hilton Honors Gold, Marriott Bonvoy Gold, annual statement credit suite, trip cancellation/interruption insurance, trip delay insurance, baggage insurance, cell phone protection, or Global Entry/TSA PreCheck application credit
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Transfer Partners
Full guide →Amex Membership Rewards points transfer to these loyalty programs:
How to Earn the Bonus
Spend $1,000 in the first 6 months to earn the 10,000 Membership Rewards points bonus.
Ready to Apply?
Earn 10,000 Membership Rewards points
Apply NowAffiliate link, we may earn a commission. Terms, rates, and sign-up bonuses are set by the issuer and can change. See the issuer site and our advertiser disclosure.
