Schwab Investor Card® from American Express
- Annual fee
- None
- Recommended credit
- Excellent
- Card network
- American Express
- Intro purchase APR
- 0% for the first 6 months
At a glance
The Schwab Investor Card® from American Express is a no-fuss cash back reward credit card with some nice perks. The card earns a flat-rate 1.5% cashback on all purchases. New account holders also benefit from a $200 statement credit should they use their card to make at least $1,000 in purchases within the first 90 days of opening an account.
Our review of the Schwab Investor Card® from American Express
If you’re a Schwab customer with eligible accounts, such as a Schwab One® Bank Account or a Schwab Traditional IRA, you may qualify for exclusive credit card offers like the Schwab Investor Card® from American Express.
How to Earn and Redeem Rewards
The Schwab Investor Card® from American Express offers a straightforward cash back rewards program, earning you 1.5% back on all eligible purchases. What sets this card apart is that your cash back rewards are directly deposited into your eligible Schwab investment account, making it perfect for serious investors who prioritize their portfolio above all else.
While the 1.5% cash back rate may not be the highest on the market, it competes well with other popular cash back cards. Rewards typically take six to eight weeks to appear in your Schwab investment account.
Introductory Offers
New cardholders can earn a $200 statement credit by spending $1,000 on purchases within the first three months. Additionally, you’ll enjoy a 0% introductory APR on purchases for the first six months, making it a great option for larger purchases you plan to pay off over time.
Other Card Features
The Schwab Investor Card® from American Express has no annual fee and offers access to Amex’s dining and events assistant service. Cardholders also benefit from various purchase, fraud, and travel protections. However, be aware that there is a 2.7% foreign transaction fee.
Should You Apply?
If you’re looking for a reliable cash back card that prioritizes investing, the Schwab Investor Card® from American Express is a solid choice. It’s a great option for Schwab customers who want to earn rewards while contributing to their investment accounts without the hefty annual fee of other premium cards.
Consider exploring other Charles Schwab Amex offers to find the best fit for your financial needs.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- No annual fee
- 0% introductory APR for the first 6 months after opening account
- $200 statement credit after making $1,000 in purchases within the first 90 days
- 1.5% cashback on all purchases
Who this card may suit
- You want to earn a solid cashback bonus with every purchase
- You don’t want to pay an annual fee
- You plan to make at least $1,000 in purchases within the first three months
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Intro Purchase APR | 0% for the first 6 months |
| Regular Purchase APR | 18.99% to 21.99% variable based on creditworthiness and the Prime Rate |
| Cash Advance APR | 29.99% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $10 or 5% of the amount of each cash advance, whichever is greater |
| Foreign Transaction Fee | 2.7% of each transaction after conversion to US dollars |
| Penalty APR | 29.99% variable based on the Prime Rate |
| Late Payment Penalty Fee | Up to $40 |
| Return Payment Penalty Fee | Up to $40 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit.
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Schwab Investor Card® from American Express
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