Schwab Platinum

Annual fee: $895
Network: amex
Type: personal

Earns Membership Rewards points, generally 5X on eligible flights and prepaid hotels booked through American Express Travel (subject to applicable limits and terms) and 1X on other eligible purchases.

Heads up: Rates, fees, and welcome offers below are pulled directly from the issuer and refreshed continuously. Confirm final terms on the issuer site before applying.

Perqt Analysis

Three ways to value this card. Only one of them is yours.

01Published

$3,324

What the issuer advertises.

02Realistic

$839

Pays out with no hoops.

03Yours

Open your wallet

From your real spend and redemptions.

$2,485 of the advertised value — 75% — comes with strings attached.

Why Perqt says this

$3,324 advertised across 13 benefits.
$2,485 (75%) needs a booking, enrollment, or deadline.
Biggest credit — $600 Hotel Credit, $600 — only via Amex Travel.
$300 SoulCycle At-Home Bike Credit ($300) posts automatically. No hoops.
No-hoops value covers 94% of the annual fee.

Better fit if

You book travel through Amex Travel.
You'll actually use $300 SoulCycle At-Home Bike Credit.
5× on flights purchased directly from airlines or through American Express Travel matches your spend.

Probably not if

You book direct, not via Amex Travel.
You want the fee covered without chasing — $56 short.
You'd forget monthly credits.

How Perqt calculates this

Welcome offer

Earn 80,000 Membership Rewards points after spending $12,000 in purchases on your Platinum Card from American Express Exclusively for Charles Schwab in your first 6 months of Card Membership.

Est. value: $800
Minimum spend: $12,000
Within: 6 mo

Earning rates

Eligible purchases
1×
pts
Membership Rewards
Top earn
Flights purchased directly from airlines or through American Express Travel
on up to $500,000 on these purchases per calendar year
5×
pts
Membership Rewards

On-card benefits & credits

$300 Equinox Credit
$300
/Annual
Up to $300 back each calendar year for an eligible Equinox club membership or Equinox+ digital subscription. Enrollment is required.
$300 SoulCycle At-Home Bike Credit
$300
/One-time
A one-time $300 statement credit after purchasing a full-price SoulCycle At-Home bike in one transaction with the card; an Equinox+ subscription is required.
$600 Hotel Credit
$300
/Semi-annual
Up to $300 back semi-annually on select prepaid hotel bookings made through Amex Travel with the card.
$219 CLEAR+ Credit
$219
/Annual
Up to $219 in statement credits per calendar year after paying for a CLEAR+ membership with the card; membership is subject to auto-renewal.
$200 Airline Fee Credit
$200
/Annual
Select one qualifying airline each January, then receive up to $200 in statement credits per calendar year when incidental fees (checked bags, in-flight refreshments, etc.) are charged by the selected airline to the Card. Basic and Additional Card Member purchases are eligible. Airline tickets, mileage purchases/transfers, gift cards, upgrades, duty-free purchases, and award tickets are not eligible. No enrollment required beyond the airline selection; selection can be changed once each year in January.
$200 Oura Ring Credit
$200
/Annual
$120 Uber One Credit
$120
/Annual
Up to $120 in statement credits per calendar year for an auto-renewing Uber One membership purchased with the card.
Fee Credit for Global Entry or TSA PreCheck®
$120
/One-time
Either a $120 statement credit for a Global Entry application fee every 4 years, or a statement credit of up to $85 for a TSA PreCheck application fee every 4.5 years through an official enrollment provider.
$400 Resy Credit
$100
/Quarterly
Up to $100 in statement credits each quarter for eligible Resy purchases, including dining at qualifying U.S. Resy restaurants. Enrollment is required.
The Hotel Collection $100 Credit
$100
/As needed
Book a minimum two-night stay with The Hotel Collection through American Express Travel and receive a $100 credit towards eligible charges during the stay (food and beverage, spa, or other on-property charges; eligible charges vary by property). Plus 12pm check-in, room upgrade upon arrival, and 4pm late check-out, all when available. Basic and Additional Card Members are eligible. $100 per eligible stay, not an annual credit.
$300 lululemon Credit
$75
/Quarterly
Up to $75 back each quarter on eligible U.S. lululemon purchases made with the card. Enrollment is required.
$300 Digital Entertainment Credit
$25
/Monthly
Up to $25 back each month on eligible digital subscriptions paid with the card. Enrollment is required.
$200 Uber Cash
$15
/Monthly
Up to $200 in Uber Cash annually after adding the card to an Uber account. Source 5 specifies $15 monthly plus an extra $20 in December for U.S. rides and orders.
Walmart+ Monthly Membership Credit
$13
/Monthly
A statement credit covers one monthly Walmart+ membership, up to $12.95 plus applicable taxes; Plus Ups are excluded.
Cruise Privileges Program
$0
/One-time
Receive valuable amenities on eligible sailings of five nights or more with your American Express Platinum Card when booked through AmexTravel.com or by calling the number on the back of your Card. Amenities include a $100 - $300 per stateroom onboard credit and one unique amenity per stateroom. Ship and stateroom exclusions apply.
Annual Schwab Appreciation Bonus
$0
/Annual
Annual Schwab statement credit based on qualifying holdings: $100 at $250,000–$999,999.99, $200 at $1 million–$9,999,999.99, or $1,000 at $10 million or more.
Car Rental Loss and Damage Insurance
$0
/As needed
Secondary coverage may apply to theft of or damage to a rental vehicle when the entire rental is reserved and paid with the card and the rental company's CDW is declined.
Global Dining Access
$0
/Annual
Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy.
Platinum Nights by Resy
$0
/Annual
Access to select-night reservations in select cities at participating in-demand Resy restaurants.
Trip Cancellation and Interruption Insurance
$0
/As needed
May provide coverage when a qualifying round trip paid entirely with the eligible card is canceled or interrupted for a covered reason.
Platinum Member Airfares
$0
/Annual
Reduced fares on select tickets with participating airlines when designated Platinum Member Airfares are booked through Amex Travel.
Centurion Lounge Complimentary Guest Access
$0
/Annual
Premium Global Assist® Hotline
$0
/As needed
24/7 emergency assistance and coordination when traveling more than 100 miles from home, including medical, legal, and financial referrals.
Purchase Protection
$0
/As needed
Covered purchases may be protected against theft, accidental damage, or loss for up to 90 days from purchase. Coverage is up to $10,000 per covered purchase and $50,000 per calendar year.
American Express Venue Collection
$0
/Annual
On-site perks such as dedicated entrances or fast lanes at select stadiums and arenas. Enrolled Cards also get 10% back on qualifying concessions purchases, up to $250 in statement credits per calendar year. Offer ends December 31, 2026. The 10% back depends on member spend, so it carries no fixed annual dollar value.
Return Protection
$0
/As needed
Eligible purchases may be returned to American Express within 90 days if the seller will not accept them. Refunds exclude shipping and handling and are capped at $300 per item and $1,000 per calendar year.
10 Delta Sky Club Visits
$0
/Annual
Ten Delta Sky Club visits each year, from February 1 through January 31, when flying on an eligible Delta flight.
No Foreign Transaction Fees
$0
/As needed
American Express does not charge foreign transaction fees on the card.
Extended Warranty
$0
/As needed
Adds up to one extra year to eligible original manufacturer warranties of five years or less on covered U.S. purchases.
Amex Special Ticket Access
$0
/As needed
Access to Amex Presale Tickets and Amex Reserved Tickets for select events across sports, music and more, plus additional perks at select events.
Concierge Service
$0
/As needed
Platinum Card Concierge can assist with arrangements such as special dinners and event tickets.
Leaders Club Sterling Status
$0
/Annual
Complimentary Leaders Club Sterling Status from The Leading Hotels of the World; enrollment is required.
Cell Phone Protection
$0
/As needed
Reimburses eligible repair or replacement costs for a damaged or stolen phone, up to $800 per claim, with two approved claims per 12 months and a $50 deductible.
American Express Global Lounge Collection
$0
/Annual
Access to more than 1,550 airport lounges in over 500 airports through the American Express Global Lounge Collection; Priority Pass requires enrollment.
Fine Hotels + Resorts Benefits
$0
/Annual
Fine Hotels + Resorts bookings through Amex Travel include guaranteed 4 p.m. checkout and complimentary breakfast for two.
Car Rental Premium Status
$0
/Annual
Complimentary premium status with select car-rental programs, including possible upgrades, discounts, priority service, and other program-specific privileges. Enrollment in each program is required, and eligible rentals must be paid with the Platinum Card. Terms vary by partner.
Premium Car Rental Protection
$0
/Annual
Optional paid protection can provide primary rental-vehicle theft or damage coverage and excess medical coverage. Enrollment and payment of rental charges with the enrolled card are required.
Premium Events Collection
$0
/Annual
Access to exclusive events through the Premium Events Collection, subject to terms and availability.
Trip Delay Insurance
$0
/As needed
May provide coverage when a qualifying round trip paid entirely with the eligible card is delayed more than six hours for a covered reason.
Invest with Rewards
$0
/As needed
Membership Rewards points can be redeemed for deposits by Schwab into an eligible brokerage account.
Baggage Insurance Plan
$0
/As needed
May cover lost, damaged, or stolen baggage on a common carrier when the entire fare is charged to the eligible card.
Hilton Honors® Gold Status
$0
/Annual
Complimentary Hilton Honors Gold status provides benefits across the Hilton portfolio and bonus points. Enrollment is required.
Amex Event Perks
$0
/As needed
At select events, Card Members can receive perks such as dedicated entrances and checkout lanes, exclusive offers, popups and other fan-experience extras. Event Perks vary by event and are available while supplies last. Additional terms may apply by event, such as guest policy and capacity limitations for Fan Experiences and enrollment and Card eligibility for offers. Perks are subject to change without notice. See event terms for additional information.
Marriott Bonvoy® Gold Elite Status
$0
/Annual
Upgrade to Marriott Bonvoy Gold Elite status without meeting stay requirements. Enrollment is required.

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