not the schwab version, but i opened a regular plat and cancelled my MB plat after the annual fee posted in july -- i just crossed the $5000 spend earlier this week and my sign up bonus points posted the following day (as far as I can tell I signed up through a public offer for 60,000 points after $5000 in 3 months; the terms included the line: 'Welcome offer not available to applicants who have or have had this Card')