Charles Schwab Credit Card Review

Charles Schwab Credit Card

Through its operating subsidiaries, Charles Schwab Corporation offers a broad range of brokerage, banking, and financial advice services. Charles Schwab & Co., Inc. (SIPC member), the company's broker-dealer subsidiary, provides investment services and products, including Schwab brokerage accounts. Charles Schwab Bank, SSB (a member of the FDIC and an equal housing loan institution) is the company's banking arm, which offers deposit and loan services and products. Electronic services may be restricted or unavailable during periods of high demand, market fluctuations, system upgrades, maintenance, or other causes.On's "Best in Class" list for 2021, Schwab is ranked third. For the second year in a running, Schwab took home the first innovation award and the first IRA, as well as the first telephone assistance award. In the study, Schwab was also placed first. Charles Schwab was named one of Fortune's 50 "World's Most Admired Companies®" in 2021. For the second year in a row, Charles Schwab has placed second in the securities and asset management categories of the ranking.

Pros & Cons Analysis of Charles Schwab Credit Card


  • 1.5% cash back on all purchases

  • 0% of purchases within 6 months introduce APR

  • $0 annual fee


  • foreign transaction fees are required

Charles Schwab Credit Card Highlights

Super high point rewards: Earn US$200 of statement credits, and earn US$200 of credit card statement points since you spend US$1,000 on American Express’s Schwab Investor Card® during the first 3 months of your card membership. Applicable to Schwab's American Express Platinum Card, American Express Platinum Card. Shop, eat well, earn 10 times more points. Earn 100,000 Membership Rewards® points + 10x points when shopping in restaurants around the world and in the United States. The method is as follows: within the first 6 months of becoming a member, you can earn 100,000 Membership Rewards® points after spending $6,000 on the new card. In addition, within the first 6 months of your card membership, you can earn 10 times points when you use your new card for eligible purchases in restaurants around the world and for small purchases in the United States, with combined spending up to US$25,000 . This is an additional 9 points on top of the 1 point you earned through these purchases.

Fees & APR: There is no annual fee for the American Express card, and an introductory annual interest rate of 0% for purchases within 6 months from the date of account opening. After that, based on your credit and other factors, your APR will be a variable interest rate from 13.99% to 16.99% and the annual fee for the American Express Platinum Card is $695. When you use your card, American Express does not charge foreign transaction fees. You can control by more payment methods. You can choose: pay your bill in full, use the "pay on time" function to carry forward interest-bearing balances. Use Plan to choose large purchases and divide them into monthly payments with a fixed fee. You can carry or transfer them as your balance. There is a limit to the total amount of the plan. Any purchases that exceed the limit will need to be paid in full when your bill is due.

Benefits for investors: American Express card daily shopping cash back, when you use your card to make purchases, you can earn unlimited 1.5% cash back, which is automatically deposited into your eligible Schwab account. American Express Platinum Card Schwab Recognition Bonus, if your qualified Schwab holdings are equal to or greater than 250,000 US dollars, you will get 100 US dollars card statement credit; if your qualified Schwab holdings are equal to or greater than 1,000,000 US dollars, then After the card account is approved, and every year thereafter, you will receive a credit of $200 for your card statement. Membership Rewards® points, you can earn one Membership Rewards® point for every dollar you spend eligible. Earn Membership Rewards® points, which you can deposit into eligible Schwab accounts.

FQA of Charles Schwab Credit Card

  • How can I earn Earn 5X Points of charles schwab credit card?

    For flights booked directly with airlines or American Express Travel through or call 800-525-3355, you can earn 5X Membership Rewards® points per calendar year, up to a maximum of US$500,000. 5X Membership Rewards® points are used for prepaid hotels booked through American Express Travel, including The Hotel Collection.
  • How can I earn Earn $200 Hotel Credit, $200 Airline Fee Credit at charles schwab credit card?

    When you pay with the Platinum Card®, the prepaid Fine Hotels + Resorts® or The Hotel Collection booked through American Express Travel will be refunded $200 in statement points per year. One year after you choose an eligible airline, the airline will charge your Platinum Card® for incidental charges. To identify accidental purchases, American Express relies on precise airline transaction data. If you don’t see an eligible credit line with purchases on your eligible card after 4 weeks, just call the phone number on the back of the card. For more detailed information, please refer to the Airline Fee Credit Terms and Conditions.
  • How about the $240 Digital Entertainment Credit of charles schwab credit card?

    When you use the Platinum Card® to make eligible purchases at participating partners, you can earn up to $20 in statement points per month at charles schwab credit card. Save up to $240 per year. To view participating partners, please visit Registration is required.
  • How about the Uber Rides with PlatinumTM of charles schwab credit card?

    With the Platinum Card issued by American Express exclusively for Charles Schwab, you will receive $15 in Uber cash per month for ride or meal orders in the United States, and a $20 bonus in December* through the exclusive Uber app Experience provided. The cost of Uber rides or food orders is as high as $200 per year. You will also become an Uber VIP (if you have one) without having to meet the minimum ride requirements and be matched with top drivers, so even a 5-minute trip can be a 5-star experience.

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