The Platinum Card from American Express Exclusively for Charles Schwab
$895 annual fee · $2,994/yr in printed statement credits · 1x on everything else · no foreign transaction fees
Earn rates
| Category | Rate | Cap |
|---|---|---|
| Flights | 5x | on the first $500,000/year |
| Everything else | 1x | uncapped |
| Issuer travel portal portal only — pays only if you book through the issuer's own site, so it is excluded from every ranking on this site |
5x | uncapped |
See how it ranks: best flights cards.
Signup bonus: 80,000 points after $12,000 in 6 months. We never count unearned bonuses in savings math — a bonus you don't clear is worth zero.
Statement credits — $2,994/yr on paper
| Credit | Value | How it pays |
|---|---|---|
| Annual Schwab Appreciation Bonus | $0/year | annual |
| Hotel Credit (Fine Hotels + Resorts / The Hotel Collection) | $600/year | twice a year |
| Airline Fee Credit | $200/year | annual · enrollment required |
| Uber Cash | $200/year | monthly · enrollment required |
| Uber One Credit | $120/year | annual |
| CLEAR Plus Credit | $219/year | annual |
| Resy Credit | $400/year | quarterly · enrollment required |
| Digital Entertainment Credit | $300/year | monthly · enrollment required |
| lululemon Credit | $300/year | quarterly · enrollment required |
| Walmart+ Credit | $155/year | monthly |
| Oura Ring Credit | $200/year | annual · enrollment required |
| Equinox Credit | $300/year | annual · enrollment required |
Monthly and quarterly credits expire if unused — that's where most of their printed value quietly disappears.
Non-cash perks
- Invest with Rewards: redeem Membership Rewards points into an eligible Schwab brokerage account at 1.1 cents per point on up to 1,000,000 points per calendar year (0.8 cents per point thereafter)
- Global Lounge Collection: Centurion Lounges, Priority Pass Select (enrollment required), 10 Delta Sky Club visits per year on eligible Delta flights, 1,550+ lounges
- Global Entry ($120 every 4 years) or TSA PreCheck (up to $85) application fee credit
- Fine Hotels + Resorts and The Hotel Collection benefits
- Marriott Bonvoy Gold Elite and Hilton Honors Gold status
- Trip Delay, Trip Cancellation/Interruption and Car Rental Loss and Damage Insurance
- Cell Phone Protection, Return Protection, Purchase Protection, Extended Warranty
- Premium Global Assist Hotline
Does the fee earn out?
The printed statement credits ($2,994/yr) cover the $895 fee on paper — if you'd spend that way anyway. Credits you have to remember, enroll in, or change behavior for are worth less than face value. Our app tracks each one against your actual charges.
Is this $895 fee worth it? See the break-even math →
Check the current offer on the issuer's site → Where a card link will appear once available — no link on this page pays us today.
Compared head-to-head
Comparing cards in the same currency? See the best cards that earn Amex Membership Rewards →
More from American Express
Which card should this spending actually be on? The demo re-scores a year of realistic spending against every card in a wallet — free, no signup. See it on sample data →
Verified 2026-08-21 against issuer terms · sources: www.schwab.com · upgradedpoints.com · upgradedpoints.com. Spot an error? Tell us.