Schwab Investor Card® from American Express

Schwab Investor Card® from American Express Review

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

Key Takeaways

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 6 months.
• Competitive APRs. Schwab Investor Card® from American Express has a variable purchase APR that ranges from 14.74% up to 17.74%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2.7% every time you make a transaction outside the U.S.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Schwab Investor Card® from American Express

Schwab Investor Card® from American Express FAQ

Does Schwab Investor Card® from American Express have a cash back or rewards program?

Schwab Investor Card® from American Express is a rewards card.

What are the Schwab Investor Card® from American Express benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

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

Schwab Investor Card® from American Express has a variable purchase APR that ranges from 14.74% up to 17.74%. 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.

What are the fees for Schwab Investor Card® from American Express?

The following fees apply:

• There is no overlimit fee

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Schwab Investor Card® from American Express report your account activity to credit bureaus?

Yes, Schwab Investor Card® from American Express 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 Schwab Investor Card® from American Express

• Visit the Schwab Investor Card® from American Express 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.