American Express Schwab Investor Card
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Affiliate 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.
View OfferEarn 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).
Benefits and fees last verified May 2026against the issuer's published terms.
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
At a glance
- 1.5X MR on everything
- $0 annual fee
- 1.0c/pt Invest with Rewards
- Full MR transfer partners
Earning rates
1- 1.5x
1.5X Membership Rewards points per dollar on all eligible purchases (flat catch-all earning structure)
Statement credits
1- $695Best-fit positioning
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
Perks & memberships
3- RedemptionInvest 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)
- No foreign feesNo foreign transaction fees on purchases made outside the U.S.
- Payment flexibilityAmex Offers and Pay Over Time / Plan It flexibility
Travel & purchase protections
4- 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
More benefits & fine print (1)ShowHide
- Schwab eligibility required: must have an eligible Charles Schwab brokerage account at the time of application
Before you decide, weigh alternatives
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Transfer Partners
Full guide →Amex Membership Rewards points transfer to these loyalty programs. Or start from your balance and see what a points balance can book:
How to Earn the Bonus
Spend $1,000 in the first 6 months to earn the 10,000 Membership Rewards points bonus.
See the Current Offer
Earn 10,000 Membership Rewards points
View OfferAffiliate 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.
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