Charles Schwab Platinum Amex

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aj023
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Charles Schwab Platinum Amex

Postby aj023 » Mon Jan 25, 2016 3:22 pm

Saw info on a upcoming Charles Schwab Platinum Amex card. I saw a term sheet which said no annual fee but mentioned two different Schwab cards so its unclear the offering as of now.

The first one did not seem competitive with a 1.5% cashback amex. The platinum could be competitive depending on what the annual fee is,


takeshi
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Re: Charles Schwab Platinum Amex

Postby takeshi » Tue Jan 26, 2016 8:18 am

There were some links posted on Reddit but Schwab apparently took them down. There was a link on the AmEx site that was still active yesterday but it didn't provide much more info.

kdm31091
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Re: Charles Schwab Platinum Amex

Postby kdm31091 » Tue Jan 26, 2016 8:19 am

takeshi wrote:There were some links posted on Reddit but Schwab apparently took them down. There was a link on the AmEx site that was still active yesterday but it didn't provide much more info.


1.5% cash back is pretty underwhelming, considering the requirement to redeem into a specific account. Maybe the AF version will have greater value.

4ktvs
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Re: Charles Schwab Platinum Amex

Postby 4ktvs » Tue Jan 26, 2016 12:06 pm

It's a shame Charles Schwab isn't doing a %2 card like some had guessed. Maybe some will want the Platinum but I am fairly sure that I will be excluded from being one who would desire this card.

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CarefulBuilder14
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Re: Charles Schwab Platinum Amex

Postby CarefulBuilder14 » Tue Jan 26, 2016 8:49 pm

Hopes...deleted.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

takeshi
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Re: Charles Schwab Platinum Amex

Postby takeshi » Fri Jan 29, 2016 9:56 am

4ktvs wrote:It's a shame Charles Schwab isn't doing a %2 card like some had guessed.

How much more in rewards would you really get on your spend with 0.5% more?

travisrauh
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Re: Charles Schwab Platinum Amex

Postby travisrauh » Tue Feb 23, 2016 8:19 pm

The annual fee will be $450. The special features of the Platinum Card for Schwab will be the annual relationship bonus statement credit based on the value of your holdings with Schwab and you will be able to invest using your MR points. The cards will be available March 31st.

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CarefulBuilder14
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Re: Charles Schwab Platinum Amex

Postby CarefulBuilder14 » Tue Feb 23, 2016 8:33 pm

travisrauh wrote:The annual fee will be $450. The special features of the Platinum Card for Schwab will be the annual relationship bonus statement credit based on the value of your holdings with Schwab and you will be able to invest using your MR points. The cards will be available March 31st.

Please tell me more!
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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CarefulBuilder14
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Re: Charles Schwab Platinum Amex

Postby CarefulBuilder14 » Thu Mar 17, 2016 7:14 pm

It looks like it's a $100/yr credit for $250k+ in Schwab assets, or $200/yr for $1M+. 40k MRs for $3k spend.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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