How to Get the Amex Schwab Platinum Card (Step by Step)
Mark Reese // Credit & Finance
•June 24th, 2022
DESCRIPTION
The Amex Platinum Card for Schwab is THE BEST Platinum Card version available (in my opinion) :D Learn exactly how to get it so you can get big value for travel and cash back! Click “Show More” to see Ad Disclosure.
🖼 MASTERWORKS – Invest in contemporary art!
Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/markreese
Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. How Masterworks works:
- Create your account with your traditional bank account
- Pick major works of art to invest in or our new blue-chip diversified art portfolio
- Identify investment amount
- Hold shares in works by Picasso or trade them in our secondary marketplace
- See important Masterworks disclosures: https://www.masterworks.io/about/disclaimer
💳👉VIEW CREDIT CARD OFFERS!
http://markscreditcards.com/offers
🛍 RAKUTEN - Earn Cash Back!
http://markscreditcards.com/rakuten
📲 MAXREWARDS – Manage credit cards & rewards!
Get Gold level for free with PROMO CODE = markr
http://markscreditcards.com/maxrewards
🏦 SOFI CHECKING & SAVINGS – Get $25 FREE (or more w/ direct deposit)
http://markscreditcards.com/sofibanking
📈 GET FREE STOCKS FROM WEBULL when you open an account & make a deposit:
http://markscreditcards.com/webull
🏝 RESORT PASS – Get day passes to hotel pools & spas!
http://markscreditcards.com/resortpass
The Amex Platinum Card and the Schwab Platinum Card have the EXACT SAME core benefits. That means they have the same rewards structure (5X Airfare, 5X Prepaid Hotels via Amex Travel, 1X Other Purchases), the same annual / monthly credits, same insurance protections, and more. They even have the same annual fee (currently $695).
The DIFFERENCE is that the Schwab Platinum Card adds 2 EXTRA BENEFITS, as follows…
1. Invest With Rewards
Redeem Amex Membership Rewards points as cash back into an eligible Schwab Brokerage account at a rate of 1 point = 1.1¢ ($0.01).
Examples: 10K points = $110 | 25K points = $275 | 50K points = $550
2. Schwab Appreciation Bonus
Earn a $100 - $200 statement credit each year based on your Qualifying Schwab Holdings (QSH), which will be measured within 5 business days of Card account approval, then on the 1st calendar day of your annual Card account renewal month each year.
- $100 Statement Credit: Your QSH ≥ $250,000 but less than $1M
- $200 Statement Credit: Your QSH ≥ $1M
TO APPLY for the Schwab Platinum Card, you must:
a. Be 18 years of age or older
b. Have a valid U.S. home address (incl. U.S. territories & Puerto Rico)
c. Have an eligible Schwab account*
*ELIGIBLE SCHWAB ACCOUNTS include:
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.
b. Schwab Traditional IRA, Roth IRA, or Rollover IRA that is not managed by an independent investment advisor pursuant to a direct contractual relationship between you & such independent advisor.
STEPS TO APPLY
1. Open an eligible Schwab account
2. Apply for the Schwab Platinum Card
- Online: https://www.schwab.com/credit-cards
- By Phone: 1-800-297-8017
- Make sure you do these 2 steps in the correct order!
HOW TO REDEEM AMEX POINTS VIA SCHWAB PLATINUM CARD
1. Log into your Amex account
2. Click on your Schwab Platinum Card
3. Click on the Invest with Rewards link directly below your Membership Rewards point balance
4. Follow the prompts
The funds will then be deposited into your eligible Charles Schwab account. From there, you can invest your funds into the market or transfer out to another account. You can link external savings accounts & checking accounts from outside banks, and then transfer your cash back to those accounts.
🎬 MORE CREDIT CARD VIDEOS
🔹Chase Sapphire Preferred Review 2022: https://youtu.be/xePTy2oUM6A
🔹Chase Sapphire Reserve Review 2022: https://youtu.be/WJLanmuPmoQ
🔹Amex Gold vs. Chase Sapphire Preferred 2022: https://youtu.be/HolY8a3Jva4
🔹Citi Premier vs. Chase Sapphire Preferred 2022: https://youtu.be/YrxI037gJOg
🔹Chase Sapphire Preferred $50 Hotel Credit (How to Use It | Demo): https://youtu.be/pkjAZmWq21U
🔹Amex Platinum Card Review 2022: https://youtu.be/IaLBFpQj-eE
🔹Amex Gold Card Review: https://youtu.be/vRV5CsjGgRo
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#americanexpress #amexplatinum #charlesschwab
Never miss a video from Mark Reese // Credit & Finance
Subscribe to get notified when new content drops.