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  American Express Platinum Card® for Schwab
American Express Platinum Card® for Schwab Unaffiliated

American Express Platinum Card® for Schwab

Unaffiliated
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Highlights
Purchase APR  (Variable APR) 16.74% - 23.74%
Balance Transfer APR N/A
Credit Score Range Starting at 700
Annual Fee $695

American Express Platinum Card® for Schwab Review

This is a rewards credit card issued by Charles Schwab. If you're wondering whether American Express Platinum Card® for Schwab is the right card for you, read on.

Key Takeaways

  • You can earn 100,000 Membership Rewards® points after spending $6,000 in purchases on your American Express Platinum Card® for Schwab in your first 6 months of Card Membership.
  • Competitive APRs. American Express Platinum Card® for Schwab has a variable purchase APR that ranges from 16.74% up to 23.74%.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Airport Lounge Access. Benefits like airport lounge access can add luxury to your travel experience.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, identity theft protection, and fraud protection.
  • Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of American Express Platinum Card® for Schwab

The Good The Bad
  • Multiple credit card perks.
  • Offers auto rental collision damage waiver.
  • Access to a concierge.
  • Global Entry/TSA Pre✓®.
  • Identity Theft Protection.
  • No foreign transaction fee.
  • Cardholders can earn rewards on their purchases.
  • American Express Platinum Card® for Schwab reports to multiple credit bureaus.
  • You need good credit to qualify.
  • Charges an annual fee of $695

American Express Platinum Card® for Schwab FAQ

Does American Express Platinum Card® for Schwab have a cash back or rewards program?

American Express Platinum Card® for Schwab is a rewards card.

American Express Platinum Card® for Schwab Rewards
Rewards rate (all purchases) N/A
Max rewards rate N/A
Annual rewards limit N/A
Signup Bonus ($)
Signup Bonus (Points/Miles) 100000
Signup Bonus Spend Requirement $6000
Signup Bonus Spend Period (months) 6 months

Does American Express Platinum Card® for Schwab have a signup bonus?

This card doesn't offer a cash signup bonus. However, it does include a 100000 points signup bonus after spending $6000 that can be redeemed for travel, gifts, or other perks.

Does American Express Platinum Card® for Schwab offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the American Express Platinum Card® for Schwab benefits?

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Zero fraud liability
  • Cell Phone Protection
  • Reports to major credit bureaus

What are the relevant APRs for American Express Platinum Card® for Schwab?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance.

American Express Platinum Card® for Schwab has a variable purchase APR that ranges from 16.74% up to 23.74%. It also has a variable cash advance APR of 25.99% . Note that late payments are subject to an APR of 29.99% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does American Express Platinum Card® for Schwab have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does American Express Platinum Card® for Schwab have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for American Express Platinum Card® for Schwab?

The following fees apply:

American Express Platinum Card® for Schwab Fees
Fees Amount
Annual Fee $695
Foreign Transaction Fee 0%
Returned Payment Fee $40
Late Payment Fee $40

Does American Express Platinum Card® for Schwab have a foreign transaction fee?

This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.

What is the customer service phone number for American Express Platinum Card® for Schwab?

The American Express Platinum Card® for Schwab customer service number is (877) 824-5625.

What is the support contact email for American Express Platinum Card® for Schwab?

The support contact email for American Express Platinum Card® for Schwab is accessibilityhelp@schwab.com.

What is the American Express Platinum Card® for Schwab login page?

You can access the American Express Platinum Card® for Schwab login page here.

How do people rate the customer service and user experience of American Express Platinum Card® for Schwab?

We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.

Does American Express Platinum Card® for Schwab report your account activity to credit bureaus?

Yes, American Express Platinum Card® for Schwab reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for American Express Platinum Card® for Schwab

  • Visit the American Express Platinum Card® for Schwab website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Cash Advance Fee Minimum $10
Cash Advance Fee (%) 5%
Minimum Cash Advance Fee ($) $10
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee
Annual Fee $695
No Interest Grace Period for Late Payment 25 days
Returned Payment Fee $40
Late Fee Amount $40
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 700 -
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Identity Theft Protection
  • Auto Rental Collision Damage Waiver
  • Fraud Liability
  • Cellular Telephone Protection
  • Global Entry / TSA Pre✓®
  • Concierge
  • Airport Lounge Access
Bonus Offer You can earn 100,000 Membership Rewards® points after spending $6,000 in purchases on your American Express Platinum Card® for Schwab in your first 6 months of Card Membership.
Rewards Categories
  • 5x Points on Airfare up to $500000 annually
  • 5x Points on Hotels
Signup Bonus (points) 100,000
Cash Advance APR (Variable APR) 25.99%
APR Type Variable APR
Penalty APR (Variable APR) 29.99%
Purchase APR (Variable APR) 16.74% - 23.74%
Card Type
  • Rewards
Card Network American Express

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