May 4, 2016, 7:42 am
Last edit by: goodeats21
After being announced in early 2015, the long rumored Schwab American Express were available for application on March 21, 2016. Both cards require you to have an eligible Schwab brokerage account in order to apply. From the Schwab website:
Update June 2018 on eligible Schwab account per the Schwab website:
Note that if you are not currently a Schwab Customer, you can still get these cards by opening the Schwab Brokerage Account. To do so, a hard pull is required and most report that pull is with Equifax. There is a $1000 minimum investment to open the brokerage account, but if you open a linked high-yield investor checking account with the brokerage account, the balance requirements are waived.
Schwab Investor Card
This is card is basically a straight 1.5% cashback back card where you cash back can be deposited straight into your Schwab Brokerage Account. You can then choose to either invest money or transfer the cash to another account.
Schwab Platinum Card
This has all the benefits of the standard American Express Platinum Card with two notable advantages:
Link to Charles Schwab card information. Scroll down to read FAQ or to apply:
http://www.schwab.com/public/schwab/...s/credit_cards
An eligible brokerage account means a Schwab One® Account or Schwab General Brokerage Account held in your name or in the name of a revocable living trust where you are the grantor and trustee. Eligibility is subject to change.
An eligible account means (1) a Schwab One® or Schwab General Brokerage Account held in your name or in the name of a revocable living trust where you are the grantor and trustee or (2) a Schwab Traditional, Roth or Rollover IRA that is not managed by an independent investment advisor pursuant to a direct contractual relationship between you and such independent advisor. Eligibility is subject to change.
Schwab Investor Card
This is card is basically a straight 1.5% cashback back card where you cash back can be deposited straight into your Schwab Brokerage Account. You can then choose to either invest money or transfer the cash to another account.
Schwab Platinum Card
This has all the benefits of the standard American Express Platinum Card with two notable advantages:
- You have the ability to cash out membership rewards at a rate of 1.10 cpp [changed from initial 1.25 at inception] into the brokerage account. This is called "Invest with Rewards". There is a separate thread debating the advantages and disadvantages of doing this. You can invest the cash or transfer out of Schwab.
- There is an appreciation bonus in the form of a statement credit if you have significant assets with Schwab (essentially a discount on the annual fee). If you have $250k-$1M, you get a $100 statement credit. If you have $1M+ you get a $200 statement credit. More details are here: http://www.schwab.com/public/schwab/...r_faq_platinum
Link to Charles Schwab card information. Scroll down to read FAQ or to apply:
http://www.schwab.com/public/schwab/...s/credit_cards
American Express to Partner with Schwab. Applications online 3.21.2016.
Mar 22, 2017, 4:36 am
#181
Join Date: Mar 2017
Posts: 12
Long time lurker...first time poster.
I have the same issue, I know it affects 4 individual users including myself. I called AMEX numerous times, just the run around...
I thought maybe they are blocking from outside the US, but based on this thread, nope...so who knows..
I'm having the same issue. You may want to check the thread here:
http://www.flyertalk.com/forum/ameri...on-issues.html
http://www.flyertalk.com/forum/ameri...on-issues.html
I thought maybe they are blocking from outside the US, but based on this thread, nope...so who knows..
Mar 22, 2017, 6:46 am
#182
Join Date: Apr 2012
Location: AL
Programs: AA Plat Pro, DL Sil, UA Sil, Hyatt Global, MR Amb, Hilton Diamond, National Exec, Hertz Pres
Posts: 477
Long time lurker...first time poster.
I have the same issue, I know it affects 4 individual users including myself. I called AMEX numerous times, just the run around...
I thought maybe they are blocking from outside the US, but based on this thread, nope...so who knows..
I have the same issue, I know it affects 4 individual users including myself. I called AMEX numerous times, just the run around...
I thought maybe they are blocking from outside the US, but based on this thread, nope...so who knows..
If you don't it's not going away. I've had this problem for about 9 months now but only got a ticket opened two weeks ago.
Mar 22, 2017, 6:49 am
#183
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Mar 22, 2017, 1:43 pm
#184
Join Date: Mar 2017
Posts: 12
I got the run around for several months. The best thing to do is call the Online Team at 800-297-2977 and ask for them to open a ticket on it. You could also do it thru online chat.
If you don't it's not going away. I've had this problem for about 9 months now but only got a ticket opened two weeks ago.
If you don't it's not going away. I've had this problem for about 9 months now but only got a ticket opened two weeks ago.
Apr 19, 2017, 9:05 am
#185
Join Date: Jul 2009
Location: World
Posts: 1,647
Are previous AmEx Personal Platinum and/or the Ameriprise AmEx Personal Platinum cardholders eligible for the 60k bonus on the Schwab Personal Platinum?
"Welcome bonus offer not available to applicants who have or have had this product." in the offer terms implies the answer is yes...
"Welcome bonus offer not available to applicants who have or have had this product." in the offer terms implies the answer is yes...
Apr 19, 2017, 9:22 am
#186
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
In practice yes, but if American Express were to audit the account and be "looking" for an excuse to disallow the bonus they might assert that it is the same product.
May 6, 2017, 9:45 pm
#187
Join Date: Aug 2005
Location: DCA
Programs: TK*G OZ*G AA Plat
Posts: 627
Not sure when the eligibility requirements changed, but it's different from what's listed on the wiki. Now on their site, it's:
I have both a Schwab One and Schwab IRA account,, but both are managed by an independent advisor. Am I considered eligible based on (1) above? It's a bit unclear to me if the indepedent advisor restriction applies only to IRAs.
An eligible account means (1) a Schwab One® or Schwab General Brokerage Account held in your name or in the name of a revocable living trust where you are the grantor and trustee or (2) a Schwab Traditional, Roth or Rollover IRA that is not managed by an independent investment advisor pursuant to a direct contractual relationship between you and such independent advisor.
May 10, 2017, 4:38 pm
#188
Join Date: Jun 2011
Location: AL
Programs: All of the Above
Posts: 1,374
So the website finally started working when I last redeemed some points the end of March, but now the amex website has updated itself and it's now erroring out again. Is there any way to redeem from Schwab or only from amex's website?
Jul 20, 2017, 12:45 am
#189
Join Date: Feb 2013
Location: Miami, FL
Programs: UA 1MM, AA Plat, Marriott LT Titanium, Hyatt Glob, IHG ♢ Amb, Hilton ♢, Hertz Pres
Posts: 6,016
Also - does or has Schwab ever increased the 60k bonus?
Oct 12, 2017, 4:18 pm
#191
FlyerTalk Evangelist
Join Date: Dec 2003
Location: Benicia, California, USA
Programs: AA PLT,AS,UA PP,J6,FB,EY,LH,SQ,HH Dmd,Hyatt Glbl,Marriott Plat,IHG Plat,Accor Gold
Posts: 10,820
Questions...
Did a quick search on the $200 airline credit and came up empty, so...
1. Am I correct in assuming that the credit can cover change fees but NOT upgrade fees (such as the $75 AA co-pay for domestic upgrades)?
2. Is it possible to use this credit for purchasing airline gift cards?
3. This seems clear from the discussion here, but just in case this has changed: It is $200 per calendar year, right?
Thanks for any help!
1. Am I correct in assuming that the credit can cover change fees but NOT upgrade fees (such as the $75 AA co-pay for domestic upgrades)?
2. Is it possible to use this credit for purchasing airline gift cards?
3. This seems clear from the discussion here, but just in case this has changed: It is $200 per calendar year, right?
Thanks for any help!
Oct 12, 2017, 4:22 pm
#192
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,954
Oct 12, 2017, 4:37 pm
#193
FlyerTalk Evangelist
Join Date: Dec 2003
Location: Benicia, California, USA
Programs: AA PLT,AS,UA PP,J6,FB,EY,LH,SQ,HH Dmd,Hyatt Glbl,Marriott Plat,IHG Plat,Accor Gold
Posts: 10,820
Are previous AmEx Personal Platinum and/or the Ameriprise AmEx Personal Platinum cardholders eligible for the 60k bonus on the Schwab Personal Platinum?
"Welcome bonus offer not available to applicants who have or have had this product." in the offer terms implies the answer is yes...
"Welcome bonus offer not available to applicants who have or have had this product." in the offer terms implies the answer is yes...