After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card.
The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by Schwab into a linked Schwab brokerage account(1) at the rate of 1,000 points for a $12.50 deposit. The Card includes a welcome offer of 40,000 points credited to the client’s Membership Rewards program account after spending $3,000 in eligible purchases on the Card in the first three months(2).
The Schwab Investor Credit Card from American Express lets clients seamlessly turn everyday spending into cash back. Clients can receive unlimited 1.5% cash back on eligible purchases automatically deposited into their eligible Schwab brokerage account. The Card includes a welcome offer of $100 credited to the account after spending $1,000 in eligible purchases on the Card in the first three months.
Clients with an eligible Schwab brokerage account—including clients who work with registered investment advisors – are able to apply for either Card. Card Members will then have the option to set up an integrated online experience with access to their Card account information on the Account Summary page of Schwab.com or, for clients of registered investment advisors (RIAs), on schwaballiance.com.
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