There are several “flavors” of the Amex Platinum Card®, including the American Express Platinum Card® for Charles Schwab. You’ll need to be a Schwab customer in order to get it, which is fairly easy, and it is subject to Amex’s dreaded “family” language.
However, for those willing to jump through the hoops, the card now has a banging welcome offer that gives you 150,000 reasons to consider it. Even better, and unlike the regular version of the Platinum card, there’s none of that silly, “as high as” language.
As far as I’m aware, this is the best offer that we’ve ever seen on the Schwab Platinum card.
The Offer & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $2217 1st Yr Value Estimate$200 airline incidental fee credit for select airline only valued at $140, $200 Uber credit ($15 per month, $35/December) valued at $100, $600 Fine Hotels + Resorts® credit valued at $300, $300 Digital Entertainment Credit ($25 per month) valued at $150, 400 Resy credit ($100 per quarter) valued at $85, $120 Uber One credit ($10 per month) valued at $48, $300 Lululemon credit ($75 per quarter) valued at $150 Click to learn about first year value estimates 150K points Non-AffiliateThis is NOT an affiliate offer. We always present the best offer even when it means less revenue for Frequent Miler 150K after $12K spend in first 6 months. Terms apply. (Offer Expires 7/8/2026)$895 Annual Fee This card is only available to clients that maintain an eligible Schwab brokerage account. Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. Recent better offer: None Earning rate: 5X points for flights booked directly with airlines or with American Express Travel (limit $500,000 in purchases each calendar year) ✦ 5X prepaid hotels booked with American Express Travel Card Info: Amex Pay Over Time Card issued by Amex. This card has no foreign currency conversion fees. Noteworthy perks: This card includes all of the great perks that come with the American Express Platinum Card, plus: ✦ Use Membership Rewards® points for deposits by Schwab to your eligible brokerage account. (For example, 10,000 points = $110) ✦ $100 credit with Schwab holdings of $250,000+ or $200 credit with holdings of $1,000,000+ on approval & each year. See also: Amex Platinum Guide |
Quick Thoughts
One of the unique benefits of the Schwab Platinum Card® is that it allows you to cash out up to 1,000,000 points/year into your Schwab account at 1.1 cents per point, a 10% higher rate than you get with the Morgan Stanley Platinum Card® (which also has a 150k offer) or with the business checking/Business Platinum combination. Although you must be a Schwab customer, it’s very easy to become one, as you could simply open a free Schwab Investor Checking account to qualify.
Amex now has family language attached to the Charles Schwab and Morgan Stanley cards, so if you have or have had the Morgan Stanley Platinum Card® or the “vanilla” Platinum, you may not be eligible for the bonus on this card. That’s not to say that you’re definitely ineligible, just that you may not be. YMMV.
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tried again – not eligible for Welcome Bonus – dang. Have the vanilla Platinum currently. Never have had the Schwab Platinum card. Any NLL links around for this?
Recently closed the Vanilla after having it for a couple years. Would be willing to get this version for the SUB. Not a Schwab customer though (currently). Can you check if you qualify for the 150k, then sign up for Schwab account? Or do you need to sign up with Schwab first?
(Silently mimicking the commercial and denouncing “Schwab” in my head as I write this question.
You have to log in to Schwab’s website to access the application
is there any way to get this card if you got the vanilla platinum recently?
apply and see if you’re eligible?
AmEx doesn’t (usually) hard pull your credit after your first card, and they’ve got their pop up warning you that you are ineligible, so there’s little downside to applying.