American Express

American Express® Platinum for Schwab

Transfers to airlines & hotels

Annual fee

$895/yr

Welcome bonus

80,000 Membership Rewards® Points

Min spend

$12,000 in 6 months

Recommended credit

Excellent (720+)

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Before you apply: American Express application and welcome-bonus rules →

Offer last verified July 15, 2026. How we verify.

Earning rates

Invest with Rewards: redeem Membership Rewards points into an eligible Schwab account at 1.1 cents each (up to 1 million points per year, then 0.8 cents)

5x points on flights booked direct or via Amex Travel (up to $500k/yr) and 5x on prepaid hotels via Amex Travel

Features & benefits

Carries all the same premium benefits as the standard Amex Platinum, plus a Schwab cash-out option

Access to 1,550+ airport lounges including Centurion Lounges and Priority Pass Select

$200 Uber Cash, $200 airline fee credit, $200 Fine Hotels + Resorts credit, $240 digital entertainment credit, $189 CLEAR Plus credit, and $100 Saks credit annually

Global Entry or TSA PreCheck fee credit; automatic Marriott Bonvoy Gold and Hilton Honors Gold status

Requires an eligible Charles Schwab brokerage or IRA account

No foreign transaction fees

Lounge access

The Centurion Lounge and Sidecar by The Centurion Lounge

Priority Pass Select membership, airport lounges only (U.S. Amex cards no longer include Priority Pass restaurants)

Delta Sky Club when flying Delta same-day: 10 visits per year, unlimited after $75,000 in annual spend; no free guests ($50 per guest)

Escape, Plaza Premium, Airspace and other Global Lounge Collection lounges (1,550+ lounges across 500+ airports)

Statement credits

$200 Uber Cash annually

$200 airline fee credit annually

$200 Fine Hotels + Resorts credit

$240 digital entertainment credit ($20/month)

$189 CLEAR Plus credit

$100 Saks Fifth Avenue credit ($50 semi-annually)

Global Entry or TSA PreCheck fee credit (~$100)

Transfer partners

Your Membership Rewards transfer directly to airline and hotel loyalty programs, usually at 1:1. That is where transferable points beat flat cash back, because the right award can be worth well over 1 cent each. Major partners include:

Airline partners

Delta SkyMiles, British Airways, Air France/KLM, Singapore Airlines, ANA, Avianca LifeMiles, Emirates Skywards

See exactly what a flight award costs

Stop guessing at point values. Look up the real mileage price and live seat availability for a specific flight.

Search award flights on seats.aero →

Hotel partners

Marriott Bonvoy, Hilton Honors

See what a hotel award costs

Look up the live points price and availability for a specific hotel stay before you book.

Search award stays on rooms.aero →

See the full American Express ecosystem, card lineup, and live transfer bonuses →

How does it rank for your spending?

Every card is ranked by what it actually returns on the way you spend. Run your numbers and see where the American Express® Platinum for Schwab lands.

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