Amex
Platinum (Schwab)
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Card review
Platinum (Schwab)
Amex
Last updated September 21, 2026· Rates, fees, and credits from WalletFlo's OneCard catalog (refreshed hourly). Verify current terms on the issuer site.
Annual fee
$695
Welcome bonus
See issuer
Est. net value
$2,266/yr
Credit score
Varies
Top earn rate
5x everything else
Overview
How this card fits in your wallet — fees, value, and who it's built for.
The Platinum (Schwab) from Amex carries a $695 annual fee. On WalletFlo's typical spend profile, the OneCard engine estimates $876.00 in rewards plus $2,085.00 in credits and perks — $2,266.00 net per year before welcome bonuses.
How the points work
Earn 5X on flights booked directly with airlines or with American Express Travel
Earn 5X on prepaid hotels booked on amextravel.com
Earn 1X on everything else
Earning rates
Category bonuses from our catalog — verify current offers on the issuer site.
| Category | Rate |
|---|---|
| Everything elseAirfare | 5× |
| TravelPrepaid Hotels on AmexTravel | 5× |
| Everything elseAll Purchases | 1× |
Credits & benefits
Statement credits and perks we model in net-value calculations.
Credits
- Uber$200/yr
$15 monthly credit to be used on Uber and Uber Eats ($35 credit for December).
- Airline$200/yr
$200 annual credit to be used on airline incidental purchases like baggage fees, change fees, etc. with a chosen US airline. Issued every calendar year. Activation required.
- Saks$100/yr
Two $50 credits to be used at Saks (premium retail store). Issued January 1 and July 1. Activation required.
- Global Entry$100/yr
Get one $100 statement credit for Global Entry or one $85 statement credit for TSA Pre-Check every 4 years.
- Entertainment$240/yr
$20 monthly credit to Peacock, Audible, SiriusXM, or The New York Times.
- Equinox$300/yr
$25 monthly statement credit to be used at select Equinox memberships (which include complimentary access to the Equinox+ app) or a stand-alone membership to the Equinox+ app.
- CLEAR$179/yr
$179 statement credit to CLEAR membership each calendar year.
- Hotel$200/yr
$200 annual statement credit to prepaid Fine Hotels + Resorts and The Hotel Collection bookings made through American Express Travel each calendar year.
- Wal-Mart+ $155/yr
Get $12.95 (plus applicable taxes) for a Wal-Mart+ monthly membership each month.
Benefits & perks
- Centurion Lounges$50/yr
Get Centurion Lounge access for you and up to two guests for free.
- Delta Sky Club$32/yr
Complimentary Delta Sky Club access (when flying Delta).
- Priority Pass $29/yr
Get lounge access for you and up to two guests for free. (No restaurant credits.)
- International Airline Program
Get special discounts on up to eight first class, business class, and premium economy fares when booking through Amex.
- Hilton Honors Gold
Get Hilton Gold benefits like free breakfast for two, upgrades (subject to availability), late check-out, 80% bonus on base points, and a 5th night free.
- Marriott Bonvoy Gold
Get Marriott Bonvoy Gold benefits like a 25% bonus on points, late check-out, upgrades, enhanced internet, and a welcome gift.
- Fine Hotels and Resorts (FHR)
Get benefits like noon check-in, guaranteed 4pm late check-out, room upgrades, daily breakfast for two, free WI-fi, and a special amenity.
- ShopRunner
Free membership to ShopRunner. Free two-day shipping, free return shipping, special deals and discounts at select retailers.
- Amex Concert Benefits
Access to presales for advance ticket purchases and special preferred seating through Ticketmaster.
- Auto Purchasing Program
Find TrueCar certified dealerships that allow you to purchase vehicles with your card and get special discounts and other perks.
- Amex Offers
Promotions and discounts offered exclusively to card holders.
- Amex Travel
Online travel portal that allows you to book various forms of travel including: flights, hotels, rental cars, cruises, and vacation packages.
- Cell Phone Protection
Receive cell phone protection by paying your bill each month. Max $800 per claim, up to 2 claims per 12-month period, $50 deductible.
- Uber Eats Pass
Get $0 delivery fees, 5% off restaurant orders over $15, and $0 delivery fees on grocery deliveries over $30 in select markets. Must enroll by December 31, 2021
- Global Dining Access by Resy
Global Dining Access (GDA) provides access to exclusive reservations, Priority Notify, which allows GDA members to set notifications to be in the first group notified when tables become available before they are made available to other Resy users, and access to exclusive events.
- SoulCycle At Home Bike$300/yr
Receive a $300 credit when purchasing a SoulCycle bike (up to 15 bikes per year).
Transfer partners
Where this card's points can go, and at what ratio. 18 partners.
- Air Canada Aeroplan1:1
- Air France KLM Flying Blue1:1
- ANA Mileage Club1:1
- Avianca LifeMiles1:1
- British Airways Avios1:1
- Cathay Asia Miles1:1
- Delta SkyMiles1:1
- Emirates Skywards1:1
- Etihad Guest1:1
- Iberia Plus1:1
- Qantas Frequent Flyer1:1
- Qatar Privilege Club1:1
- Singapore KrisFlyer1:1
- Virgin Atlantic Flying Club1:1
- Aeromexico Rewards1:1
- Choice Privileges1:1
- Marriott Bonvoy1:1
- Hilton Honors1:2
Work out what a transfer is worth in the transfer calculator.
Is the annual fee worth it?
Quick breakeven from stated credits and perks — open the full tool to dig deeper.
Credits & perks vs fee
- Annual fee
- −$695
- Stated credits
- +$1,674
- Perks (est.)
- +$411
- Net after credits & perks
- $1,390
Verdict
Credits & perks offset the fee on paper
Only valuable if you'd use those credits anyway — rewards on spend can close any remaining gap.
WalletFlo calculator tools
Micro-tools for this card — each opens a dedicated calculator with your context pre-filled where possible.
Reward Calculator
Estimate annual rewards and net value on your spend.
Side by Side Compare
Compare against another card with the same spend profile.
Is the Annual Fee Worth it?
See if credits and perks offset the annual fee.
Points & Miles → $ Converter
Convert points and miles to estimated cash value.
Awards vs Cash Calculator
Compare redeeming points for travel vs cash back.
Transfer Partner Calculator
Explore transfer partner conversions across programs.
Reward calculator
Model this card on your spend — adjust categories and compare with others.
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Frequently asked questions
- What credit score do I need?
- Issuers generally look for good-to-excellent credit; exact thresholds vary.
- Is the annual fee worth it?
- See the annual fee analysis above, or open the full calculator to model credits and perks against $695 per year.