AmEx Platinum Card for Schwab Evaluate (2025.9 Replace: 125k Provide; Main Improve Collectively With The Common Platinum Card)

Non-affiliate disclosure: all details about the this card have been collected independently by US Credit score Card Information and has not been reviewed by the issuer.

2025.9 Replace: This card simply received a significant refresh along with the regular Platinum card — advantages have been considerably enhanced, and the annual payment has elevated from $695 to $895. With the upgrades, this card is as soon as once more value contemplating as a long-term keeper! Listed here are the modifications (credit score to awash):

Additionally, the brand new welcome supply is now 125k.

2025.6 Replace: The upper welcome supply is expired. The present supply is barely 80k.

2025.5 Replace: The brand new welcome supply is 125k! When it comes to factors alone, that is the best welcome supply ever provided for this card. Provide ends on 6/11.

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Advantages

1. 125k supply: Earn 125,000 Membership Rewards (MR) factors after spending $8,000 in first 6 months. When it comes to factors alone, that is the best welcome supply ever provided for this card.
2. We estimate that Membership Rewards (MR) are value about 1.6 cents/level, see beneath for a short introduction. So the 125k highest welcome supply is value about $2,000!
3. [Schwab version only] You may money out your MR factors into your Schwab brokerage account at a set ratio 1.1 cents/level! This the one card that may redeem your MR factors in the direction of money in a good ratio. You gained’t obtain tax varieties for cashing out MR on this manner. (The speed was 1.25 cents/level earlier than 2021.9.)
4. [Schwab version only] Schwab Appreciation Bonus: get $100 yearly when you have $250k or extra in Schwab; or get $200 yearly when you have $1M or extra in Schwab. This requirement is basically excessive, so it’s solely helpful if you have already got such an quantity of belongings invested someplace.
5. Earn 5x MR factors for flights booked immediately with airways, on as much as $500k. Earn 5x MR factors for flights and pay as you go resorts booked with AmEx Journey. Earn 1x MR factors per $1 spent on all different purchases.
6. This card affords varies credit to cowl some bills, see particulars within the subsequent part.
7. Complimentary entry to the next airport lounges:
   • Priority Pass Select (PPS), you might want to enroll it by your self, after which a Precedence Move Choose card can be mailed to you, free for as much as 2 companions, word that AmEx issued PPS playing cards now not give restaurant credit score (they will solely be utilized in PPS airport lounges);
   • Centurion Lounges. Visitor entry prices $50 per particular person. Complimentary visitor entry for as much as two friends per go to after spending $75,000 USD between January 1, 2022 and December 31, 2022 and in every calendar 12 months thereafter.
   • The International American Express Lounges, companion insurance policies range by location, however at the least 1 companion totally free;
   • Escape Lounges, free for as much as 2 companions;
   • Delta Sky Clubs, you want a Delta boarding move on the identical day, $29 per companion. [2023.9 Update] Efficient 2/1/25, card members of this card will obtain 6 Visits per 12 months to the Delta Sky Membership; to earn an infinite variety of Visits annually beginning on 2/1/25, the whole eligible purchases on the Card should equal $75,000 or extra between 1/1/24 and 12/31/24, and every calendar 12 months thereafter.
   • Plaza Premium Lounges, free for as much as 2 companions;
   • Airspace Lounges, free for as much as 2 companions.
8. Fine Hotels & Resorts (FHR): for those who e book resorts by means of FHR, you’ll be able to get pleasure from the advantages of elite members; corresponding to room upgrades, free Wi-Fi, free breakfast, and so on. The advantages range by resorts.
9. Complimentary Marriott Bonvoy Gold Status. Use this link to activate.
10. Complimentary Hilton Gold Status. Use this link to activate.
11. Complimentary membership for Avis, Hertz, and Nationwide membership. Use this link to activate.
12. Platinum Card Concierge service: for the busy and even lazy, you should utilize this service to e book resorts or reserve eating places and so forth, the service is alleged to be very, excellent.
13. $800 Mobile phone safety: stand up to $800 per declare and a pair of claims per 12 months in cellular phone safety towards lined theft or injury for telephones listed in your month-to-month cellular phone invoice once you pay it along with your eligible bank card. Deductible $50.
14. With this bank card, you will get entry to Amex Offers, which frequently affords excellent reductions at some shops. Prior to now we have now seen affords like: Spend $15 or extra and get $5 again at Walmart; Spend $75 or extra and get $25 again on Amazon.com.
15. Refer a pal: You may earn 15,000 bonus MR factors for each permitted account you refer, as much as 55,000 MR factors per calendar 12 months.
16. This card is comparatively simple to get permitted for as a result of it’s a Cost Card, not a Credit score Card. Cost card signifies that you don’t have the choice to pay solely minimal fee, you need to pay your stability in full on the due dates. Notice that Cost Card functions will even end in a Onerous Pull, identical to Credit score Card functions.
17. Cost Playing cards haven’t any pre-set spending restrict.
18. No international transaction payment.

Varies Credit

This card has varies credit to cowl some bills. They’re:

1. [$200 airline fee credit] Stand up to $200 credit score for airline incidental costs corresponding to checked luggage per calendar 12 months. Airline ticket itself shouldn’t be eligible. As a result of this profit resets based on calendar 12 months as a substitute of once you opened the cardboard, you’ll be able to truly get airline payment credit score TWICE earlier than the second annual payment posts! Notice that this profit shouldn’t be routinely enrolled, you might want to enroll and specify an airline by clicking here.
2. [New] [$600 FHR/THC Hotel Credit] Get $300 credit score semi-annually (complete $600 per 12 months) at High-quality Motels & Resorts (FHR) or The Resort Assortment (THC), pay as you go price required. Keep guidelines: FHR = 1 night time, THC = 2 nights minimal. Notice that the majority FHR resorts are dear.
3. [New] [$400 Resy Credit] Stand up to $100 in assertion credit every quarter ($400 in complete in a 12 months) once you use this card to make eligible purchases with Resy. Resy primarily options higher-end eating places. Enrollment required.
4. [$200 Uber credit] Get $15 Uber credit score per 30 days besides Dec, and $35 in December. That’s $200 per 12 months. The unused credit will expire each month.
5. [New] [$120 Uber One Credit] Stand up to $120 in assertion credit every calendar 12 months after you buy an auto-renewing Uber One membership with this card.
6. [New] [$300 digital Entertainment credit]. Stand up to $25 per 30 days, solely works at: Disney+, a Disney+ bundle, ESPN+, Hulu, The New York Instances, Paramount+, Peacock, The Wall Road Journal, YouTube Premium, and YouTube TV. Amongst these, YouTube Premium could also be helpful to most individuals. Enrollment required.
7. [New] $300 Lululemon Credit score: Obtain as much as $75 in assertion credit every quarter ($300 complete in a 12 months) once you use this card for eligible purchases at U.S. lululemon retail shops (excluding shops) and lululemon.com. Enrollment required
8. [$100 Saks credit] Stand up to $50 in assertion credit on Saks Fifth Avenue from January by means of June, and as much as $50 from July by means of December. Each on-line and in retailer will work. No minimal buy required. Enrollment required.
9. [Complementary Walmart+ membership] Pay your Walmart+ membership along with your AmEx Platinum card, and you’ll get full credit score again ($12.95/month).
10. [$120 Global Entry credit] Get $120 credit score for World Entry or $85 credit score for TSA Precheck utility payment.
11. [$209 Clear credit]. It’s the identical quantity because the Clear annual membership payment. It’s helpful for those who fly quite a bit.
12. [New] [$200 Oura Ring Credit] Obtain as much as $200 in statements credit once you use this card to buy an Oura Ring at Ouraring.com every calendar 12 months. Oura Ring is a great ring. Enrollment required.
13. [$300 Equinox credit]. Stand up to $300 per 12 months on Equinox membership charges. The worth is basically 0. Enrollment required.

Disadvantages

1. $895 annual payment, NOT waived for the primary 12 months. Notice that annual payment doesn’t depend in the direction of the minimal spending requirement (and that is true for all bank cards)! 

Licensed Customers

There are two sorts of Licensed Person (AU) playing cards: platinum AU card, and “silver” AU card. AU playing cards shouldn’t have separate credit.

1. Platinum AU playing cards have annual payment: $195 per card. Platinum AU card holders have separated PPS card, have entry to all of the airport lounges talked about above, get complimentary resort standing, and may use FHR advantages.
2. “Silver” AU playing cards haven’t any annual payment, however there’s no extra advantages.

Introduction to MR Factors

• You may earn MR factors with AmEx ED, AmEx EDP, AmEx Green, AmEx Gold, AmEx Platinum, AmEx Platinum for Schwab, AmEx Platinum for Morgan Stanley, AmEx Blue Business Plus, AmEx Business Green, AmEx Business Gold, AmEx Business Platinum, and so on.
• The MR factors you earn on completely different MR playing cards will routinely go to the identical MR account.
• MR factors by no means expire. You’ll not lose the MR factors on one card for those who shut the account, however you’ll lose the entire MR factors for those who shut the entire MR playing cards. With a purpose to keep away from dropping your MR factors, we suggest to maintain the no annual payment AmEx ED.
• If in case you have any of the MR playing cards, MR factors might be transferred to some airline miles. Some of the frequent and finest manner to make use of MR factors is to 1:1 switch them to All Nippon Airways (ANA, NH) miles (Star Alliance). Different good choices are: Air Canada (AC) (Star Alliance), Delta Air Strains (DL) (SkyTeam), British Airways (BA) (Oneworld), Asia Miles (Oneworld), Singapore Airways (SQ) (Star Alliance), Flying Blue (SkyTeam), Virgin Atlantic (VS) (Non-alliance), and so on. In the event you use MR on this manner, the worth is about 1.6 cents/level.
• If in case you have any of the MR playing cards, you’ll be able to redeem your MR factors at a set price about 1 cent/level in the direction of air tickets on AmEx travel portal.
• If in case you have AmEx Platinum for Schwab, you’ll be able to redeem your MR factors at a set price 1.1 cents/level in the direction of money. In the event you do not need to spend time finding out airline miles, this can be a fairly good strategy to money out the factors. If you do not have this card, you’ll be able to solely redeem your MR factors at a set price 0.6 cents/level in the direction of money.
• In abstract, we estimate that MR factors are value about 1.6 cents/level.
• For extra details about MR factors, see Maximize the Credit Card Points Values (overview), and Introduction to MR: How to Earn and Introduction to MR: How to Use (very detailed).

Really helpful Utility Time

1. [Once per lifetime language] You may solely get the welcome bonus as soon as in a lifetime, so you should definitely apply when the historic highest supply seems.
2. [New] [Platinum flavors language] Completely different flavors of AmEx Platinum playing cards now have an effect on one another when it comes to welcome affords. You may solely get one welcome supply amongst them.
3. [New] [Family language] AmEx begins so as to add household language: increased annual charges playing cards will have an effect on the welcome affords on decrease annual payment ones in the identical household collection. Particularly, having held Platinum makes you ineligible for the welcome supply of Gold. So in order for you each, you need to apply for Gold first.
4. AmEx doesn’t care concerning the variety of exhausting pulls.
5. You may attempt to apply for it when you’ve gotten a credit score historical past of 6 months.
6. You should wait at the least 90 days between the applying for various flavors of AmEx Platinum playing cards, in any other case the applying can be cancelled.

Abstract

This card is sort of particular for the worth of MR factors. When you’ve gotten this card, you’ll be able to redeem your MR factors to money at a ratio 1:1.1! For individuals who don’t need to spend so much of time finding out airline miles, this redemption choice is value contemplating.

The welcome supply is sort of good.

This card earns 5x MR factors on airfare, making it one of the best bank card for purchasing airplane tickets. It additionally comes with journey delay insurance coverage that kicks in after simply 6 hours, which additional strengthens its case as the highest airfare card. On high of that, it has a strong lineup of journey advantages, together with extra lounge companions than different premium playing cards, entry to High-quality Motels & Resorts (FHR), and extra.

After the September 18, 2025 refresh, the annual payment elevated to $895, however the coupon e book has been considerably upgraded:

• $200 Airline Charge Credit score: Similar as earlier than, might be liquidated with the UA TravelBank trick. Valued at ~$170 (85% of face).
• $600 FHR Resort Credit score: Modified from $200/12 months to $300 each 6 months, a lot simpler to make use of. In some instances you will get 1–2 nights free domestically. Valued at ~$360 (60% of face).
• $400 Resy Credit score: $100 per quarter is a really usable denomination. Sure, eating places on Resy are usually overpriced, however with $100 each quarter, most individuals can discover a cause to make use of it. Valued at ~$240 (60% of face).
• $200 Uber Credit score: Annoying month-to-month installments, however for those who use Uber or Uber Eats, it’s simple to redeem. Valued at ~$80 (40% of face).
• $300 Streaming Credit score: Since most individuals use YouTube Premium to skip adverts, valuing it at $140 is affordable.
• $300 Lululemon Credit score: Primarily based on previous expertise, bodily present playing cards reloaded to your account usually set off the credit score, letting you fill up on pricier objects. Valued at ~$180 (60% of face).

Including up simply the above valuations, you’re already over $1,000 in worth. In the event you additionally discover worth within the Oura Ring, Uber One, Walmart+, or Saks credit, then the cardboard is value much more. After all, for those who’re not the goal buyer for these advantages, forcing your self to make use of the coupon e book doesn’t essentially imply you’re “profiting.” The hot button is whether or not you’ve gotten real want for these perks — if sure, then this card could be a strong long-term keeper.

In the event you don’t plan to maintain this card and nonetheless have unredeemed MR factors when closing, you’ll be able to apply for a no-annual-fee card like AmEx Checking or AmEx Blue Business Plus to protect your MR factors for future use.

To Do Record After You Get The Card

1. Enroll in Airline Incidental Fee Credit profit and select a service. You should enroll and select a service prior to creating a reimbursable buy.
2. Enroll in Resy Credit score profit.
3. Add your card to Uber or UberEats.
4. Enroll in digital Leisure Credit score profit.
5. Enroll in Lululemon Credit score profit.
6. Enroll in Saks Credit profit.
7. Enroll in Walmart+ membership.
8. Enroll in Priority Pass Select (PPS) lounge profit.
9. Enroll in Marriott Bonvoy Gold status.
10. Enroll in Hilton Gold status.
11. Enroll for Avis, Hertz and NationwideCar Rental status privileges.
12. Apply for Global Entry or TSA PreCheck.
13. Apply for Clear membership.
14. Enroll in Oura Ring Credit score profit.
15. Enroll in Equinox Credit score profit.

Associated Credit score Playing cards

See this post for the comparability of advantages.

Really helpful Downgrade Choices

• You cannot downgrade this card to any card, so I counsel you shut it once you don’t need to maintain it any longer.

After Making use of

• Click on here to verify AmEx utility standing.
• AmEx reconsideration backdoor quantity: 877-399-3083. The “actual” backdoor variety of Amex is nicely protected. Completely different from Chase, the representatives from this AmEx reconsideration backdoor quantity solely have the best that can assist you submit requests.

Historic Provides Chart

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