American Express Platinum Card for Schwab
Amex MR
Last updated May 22, 2026
Why This Card
Same benefits as the regular Amex Platinum, but allows you to cash out Membership Rewards points at 1.1 cents each into your Schwab brokerage account (up to 1M points/year). The best option if you'd rather invest your points than transfer to airlines.
Transfer Partners
Amex MR transfers at the ratios shown
Offer History
FAQ
What is the welcome bonus on the American Express Platinum Card for Schwab?
The current welcome bonus on the American Express Platinum Card for Schwab is 125,000 after spending $800,000 in 6 months.
What is the annual fee on the American Express Platinum Card for Schwab?
The annual fee on the American Express Platinum Card for Schwab is $695.
Can American Express Platinum Card for Schwab points transfer to airlines and hotels?
Yes. Amex MR points from the American Express Platinum Card for Schwab can transfer to multiple airline and hotel partners. See the transfer-partner table on this page for the current partner list and ratios.
Is the American Express Platinum Card for Schwab a good card for award travel?
The American Express Platinum Card for Schwab is built for flexible points earning. Combined with AwardClaw's award-drop alerts, you can use the welcome bonus to book premium-cabin saver-level redemptions identified within hours of inventory loading.
Interested in American Express Platinum Card for Schwab?
Check current offers and apply on the issuer's website.