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.
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
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
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Spotted something off? Report an issue. Read our verification methodology.
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.
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.
