Schwab Platinum

Annual fee: $695
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

$4,404

What the issuer advertises.

02Realistic

$1,869

Pays out with no hoops.

03Yours

Open your wallet

From your real spend and redemptions.

$2,535 of the advertised value — 58% — comes with strings attached.

Why Perqt says this

$4,404 advertised across 14 benefits.
$2,535 (58%) needs a booking, enrollment, or deadline.
Biggest credit — $600 Hotel Credit, $600 — only via Amex Travel.
Annual Schwab Appreciation Bonus ($1,000) posts automatically. No hoops.
No-hoops value covers 269% of the annual fee.

Better fit if

You book travel through Amex Travel.
You'll actually use Annual Schwab Appreciation Bonus.
5× on flights matches your spend.

Probably not if

You book direct, not via Amex Travel.
You'd forget monthly credits.

How Perqt calculates this

Welcome offer

Earn 80,000 Membership Rewards Points after spending $8,000 on eligible purchases on your new Card in your first 6 months of Card Membership.

Est. value: $800
Minimum spend: $8,000
Within: 6 mo

Earning rates

All other purchases
On all other eligible purchases
1×
pts
Membership Rewards
Top earn
Flights
On flights booked directly with airlines or through American Express Travel, up to $500,000 per calendar year
5×
pts
Membership Rewards · Amex Travel
Top earn
Hotels
On prepaid hotels booked through American Express Travel
5×
pts
Membership Rewards · Amex Travel

On-card benefits & credits

Annual Schwab Appreciation Bonus
$1000
/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.
$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.
$600 Hotel Credit
$300
/Annual
Up to $300 back semi-annually on select prepaid hotel bookings made through Amex Travel with the card.
Cruise Privileges Program
$300
/Annual
Up to $300 in benefits when booking a qualifying cruise through Amex Travel online or by phone.
$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.
$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
Up to $200 in annual statement credits for incidental fees charged by one selected qualifying airline.
Global Entry or TSA PreCheck Fee Credit
$120
/One-time
Receive either a $120 Global Entry application-fee statement credit or up to $85 for TSA PreCheck every four years, for a five-year membership.
$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.
$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.
$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.
Baggage Insurance Plan
$0
/Annual
May cover lost, damaged, or stolen baggage on a common carrier when the entire fare is charged to the eligible card.
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.
Fine Hotels + Resorts Benefits
$0
/Annual
Fine Hotels + Resorts bookings through Amex Travel include guaranteed 4 p.m. checkout and complimentary breakfast for two.
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.
Marriott Bonvoy Gold Elite Status
$0
/Annual
Upgrade to Marriott Bonvoy Gold Elite status without meeting stay requirements. Enrollment is required.
Car Rental Premium Status
$0
/Annual
Complimentary premium status with select car-rental programs can provide available upgrades, discounts, and priority service. Enrollment is required.

Other American Express cards

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