American Express Platinum Card® for Schwab

Travel is the strongest category at 3% effective value (5x points at about 0.6 cents each). That travel rate ranks higher than about 97% of the 1,546 cards we track in that category. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.

Travel is the strongest category at 3% effective value (5x points at about 0.6 cents each). That travel rate ranks higher than about 97% of the 1,546 cards we track in that category.

Madeen values American Express Membership Rewards at about 0.6 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.

The American Express Platinum Card for Schwab has 1 notable cap or condition rule(s) in Madeen's catalog, including activation windows, spend limits, and category exclusions. Review each bullet below before assuming unlimited earn rates. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.

• 5X Membership Rewards® points on up to $500,000 per calendar year on flights booked directly with airlines or with American Express Travel via AmexTravel.com or by calling 800-525-3355. Capped at $500000 per year.

The American Express Platinum Card for Schwab fits spenders who put meaningful volume in travel and can earn 5x points. Best for spenders who put meaningful volume in travel and can earn 5x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.

American Express Platinum Card for Schwab fits spenders who put meaningful volume in travel and can earn 5x points. Madeen ranks its travel effective rate higher than about 97% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.

Best for spenders who put meaningful volume in travel and can earn 5x points. The welcome bonus can help if you can meet the spend requirement. Travel perks may add value beyond the earn rate.

Compare it against simpler no-fee cards if you want minimum complexity.

Best for travel-heavy spend when the $695 fee fits your usage; confirm issuer terms before applying. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.

The American Express Platinum Card for Schwab has an annual fee of $695 and a foreign transaction fee of None. New applicants may see: You can earn 80,000 Membership Rewards® points after spending $8,000 in purchases on your Platinum Card® from American Express Exclusively for Charles Schwab in your first 6 months of Card Membership.. Confirm current issuer terms before.

Annual fee

$695

Foreign transaction fee

None

Signup bonus

You can earn 80,000 Membership Rewards® points after spending $8,000 in purchases on your Platinum Card® from American Express Exclusively for Charles Schwab in your first 6 months of Card Membership.

The American Express Platinum Card for Schwab includes Trusted traveler credit, Lounge access, $155 Walmart+ Credit, $189 CLEAR® Plus Credit and more in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them.

• Trusted traveler creditFee Credit for Global Entry or TSA Precheck - Stay focused on getting where you need to go. Receive either a $120 statement credit for Global Entry or a statement credit for up to $85 for TSA PreCheck® through any Authorized Enrollment Provider for a 5-year plan only. TSA PreCheck can expedite security screening and Global Entry can reduce wait time at US Customs at select airports. And if you are approved for Global Entry you will also receive access to TSA PreCheck at no additional charge. Only one credit will be given in a 4 year period for Global Entry or in a 4.5 year period for TSA PreCheck for whichever application fee is charged to your Platinum Card first
• Lounge accessThe Global Lounge Collection - The American Express Global Lounge Collection® can provide an escape at the airport, with more than 1,400 airport lounges across 650 cities in 140 countries and counting

• $155 Walmart+ Credit

  A Walmart+ membership can get you free shipping with no order minimum on eligible items shipped by Walmart, free same-day delivery of groceries from store (where available, subject to order minimum), & more. Use your Platinum Card® to pay for a monthly Walmart+ membership (subject to auto-renewal) and receive a statement credit for $12.95 (plus applicable taxes) that covers the full cost (excluding any Plus Up Benefits) each month.

• $189 CLEAR® Plus Credit

  CLEAR® uses unique attributes, such as eyes or fingerprints, to digitally verify identity to help its members move faster through security at select airports nationwide. You can cover the cost of a CLEAR Plus membership7 with up to $189 in statement credits per calendar year after you pay for CLEAR Plus with your Platinum Card®.

• $200 Airline Fee Credit

  Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Card or any of the Additional Cards on your Platinum Card account.

• $200 Hotel Credit

  Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection1 bookings through American Express Travel using your Platinum Card®

• $200 Uber Cash

  With your The Platinum Card®, you'll receive $15 in Uber Cash to use on eligible orders with Uber Eats and rides with Uber in the US every month plus a bonus $20 in December5, delivered through an exclusive Uber app experience. That's up to $200 for Uber orders with Uber Eats and rides with Uber annually. You'll also become an Uber VIP, where available, without meeting minimum ride requirements and be matched with top-rated drivers, so that even a 5-minute trip can be a 5-star experience.

• $240 Digital Entertainment Credit

  Experience the latest shows, music, news and recipes. Get up to $20 in statement credits each month when you use your Platinum Card® for eligible purchases on Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, SiriusXM, and The Wall Street Journal when you purchase directly from one or more of the providers. This can be an annual savings of up to $240. Plus, Platinum Card Members will get exclusive access to special perks from time to time.

• $300 Equinox Credit

  Get up to $300 in statement credits each year when you pay for an Equinox+ digital subscription with live and on-demand classes, or an Equinox club membership (subject to auto-renewal) with your Platinum Card®.

• By Invitation Only®

  Your Platinum Card® is your key to specially curated By Invitation Only® experiences. We customize once-in-a-lifetime events exclusively for our Platinum and Centurion Card Members, including Additional Centurion Cards. RSVP is required.

Compare the American Express Platinum Card for Schwab against Delta SkyMiles Platinum American Express (3.6% on Travel, $350 fee); Delta SkyMiles Platinum Business (3.6% on Travel, $350 fee); The Platinum Card from American Express Exclusively for Morgan Stanley (3% on Travel, $695 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.

• Travel

• Delta SkyMiles® Platinum American ExpressAmerican Express · 3.6% on travel
• Delta SkyMiles® Platinum BusinessAmerican Express · 3.6% on travel
• The Platinum Card from American Express Exclusively for Morgan StanleyAmerican Express · 3% on travel
• The Platinum Card®American Express · 3% on travel

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