American Express · American Express

Annual fee

$895

Rewards

Membership Rewards

Earn rates

• 5x Flights booked directly with airlines or through American Express Travel (up to $500,000/yr) — Membership Rewards points; cap is $500,000 in these purchases per calendar year
• 5x Prepaid hotels booked with American Express Travel, including Fine Hotels + Resorts and The Hotel Collection — Membership Rewards points; no cap stated on the page

Issuer rules

• Only available to clients who maintain an eligible Schwab account.
• Applicants must be individuals 18 years of age or over with a valid U.S. home address (including in the U.S. territories and Puerto Rico) and an eligible Schwab account.
• An eligible account means (1) 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 or (2) a Schwab Traditional, Roth or Rollover IRA that is not managed by an independent investment advisor pursuant to a direct contractual relationship between you and such independent advisor.
• American Express may cancel the Card Account and participation in the program if you do not maintain an eligible account.
• An existing American Express Card cannot be converted into this Card; you must apply and be approved for a new account.
• The Card is issued by American Express National Bank; Schwab is not involved in any credit decision or the approval process.

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