Last Updated: 07/28/2025
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Highlights
Purchase APR (Variable APR)
16.74% - 23.74%(Verified 06/21/2024)
Balance Transfer APR (Variable APR)
N/A
Credit Score Range
Starting at 700
Annual Fee
$695
American Express Platinum Card® for Schwab Review
This is a rewards 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.
- APRs: American Express Platinum Card® for Schwab has a variable regular 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 Auto Rental Collision Damage Waiver, access to a concierge, identity theft protection, and fraud protection.
- Good or excellent credit required. You will have low approval odds if your credit score is below good.
Pros & Cons of American Express Platinum Card® for Schwab
| The Good | The Bad |
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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.
| Description |
Does American Express Platinum Card® for Schwab have a signup bonus?
Yes. 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.
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?
American Express Platinum Card® for Schwab 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 for accounts that carry a balance (as of November 2024) is 22.80%. This card has lower than average regular APRs.American Express Platinum Card® for Schwab has a variable purchase APR that ranges from 16.74% up to 23.74%. American Express Platinum Card® for Schwab does not offer balance transfers. 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. American Express Platinum Card® for Schwab does not offer 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?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $695 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Foreign Transaction Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Cash Advance Fee ($) | $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Advance Fee (%) | 5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card charges an annual fee of $695.
There is a late fee of up to $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 customer service number for American Express Platinum Card® for Schwab 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.
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 to the following credit bureaus:
- 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 build your credit.
Does Charles Schwab perform a hard credit pull?
Yes, American Express Platinum Card® for Schwab performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for American Express Platinum Card® for Schwab
- Visit the website of American Express Platinum Card® for Schwab.
- 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.
Contact
Headquarters
211 Main Street
San Francisco, CA 94105
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Purchase APR
14.74% - 17.74%
Disclaimer popup with additional information
Balance Transfer APR
N/A
Credit Score Range
Starting at 700
Annual Fee
$0
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