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AMEX Platinum Card
5 Jul 2019

A Complete Review of the Charles Schwab AMEX Platinum Card

Do you have an account with Charles Schwab? If so, you must get great finance and investment benefits. Charles Schwab is a successful investor and financial executive.

His company, named after him, helps its members achieve financial security with investment advice and many products and services, including online loans.

Charles Schwab offers another benefit for members — a credit card.

Released should American Express, the Charles Schwab credit card offers generous rewards that you can’t ignore. If you have a Charles Schwab account, looking into this credit card is worth it.

But what do we think? Here’s our review of the Charles Schwab AMEX platinum card.

The Benefits

The Charles Schwab AMEX platinum card offers incredible benefits for cardholders. These include:

Invest Using Rewards

One of the many ways the Charles Schwab Platinum Card differs from competitors is because you have the power to invest your rewards. You have the power to redeem your points and transfer them into your investment account.

For example, let’s say you have 60,000 points. That’s $750. Instead of transferring the cash into your pocket, you can transfer that money to any Charles Schwab investment account and watch that $750 grow even more.

Earn Points

Before you can add the points to your Charles Schwab investment accounts, you must earn your points.

You earn one point for every dollar you spend on eligible purchases. This includes over 500 brands in categories such as shopping, travel, entertainment, and dining.

No Foreign Transaction Fee

A popular way to use the Charles Schwab Platinum Card is when traveling. If you plan on traveling overseas, the card offers no foreign transaction fee.

Statement Credits

Depending on the amount you have in Charles Schwab Holdings, you can qualify for statement credits. You can receive a $100 credit if you have at least $250,000 in holdings or a $200 credit if you have $1,000,000 in holdings.

Who Is Eligible?

Surprisingly, the requirements are pretty lenient. You have to be 18 years of age or older, live in the U.S., and have at least one eligible Charles Schwab account.

The eligible accounts include a Schwab IRA (Traditional, Rollover, or Roth) or a Schwab One or Brokerage Account. All accounts have to be in your name.

Fees and APR

There are no annual fees for the Charles Schwab Platinum Card. There is 0% APR for the first six months. After that, APR percentages vary between 16.24% and 19.24%.

Will You Sign Up for the Charles Schwab AMEX Platinum Card?

If you have a Charles Schwab account, you can receive the Charles Schwab AMEX platinum card.

This card offers many perks for Charles Schwab account holders, including rewards points and the option to transfer those points into your investment account.

The card also comes with lenient APR percentages and no annual fee. Overall, if you have a Charles Schwab account, this card is a great pick.

But is the Charles Schwab Platinum Card the best card of 2019? It’s under some serious competition. Take a look at our favorite credit cards for 2019.

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