Schwab Amex Platinum, 100K Bonus Plus 10X for Shop Small and Restaurant Purchases

Schwab Amex Platinum 100K plus 10X

Schwab Amex Platinum, 100K Bonus Plus 10X for Shop Small and Restaurant Purchases

Unlike other versions of the Amex Platinum Card that only let you cash out points at 0.6¢, the Charles Schwab Platinum can get you 1.25¢. While you could be able to get more value through travel partners, this is a favorite option for many, since it lets you get a competitive and constant cash value. You can read more on how you can apply, and cash out points. But that value will go down soon to 1.10¢.

And if you are planning to apply before the rumored fee increase, then there’s good news. There’s currently a 100,000 Membership Rewards offer that also comes with 10X earning for restaurants and Shop Small purchases. The Morgan Stanley Amex Platinum Card also has the same bonus.

Update: The annual fee is now up to $695. The offer mentioned below now also shows up through the public link, before you log in.


  • Earn 100,000 Membership Rewards points after you spend $6,000 with your new card in the first 6 months.
  • Plus earn 10x points on eligible purchases at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases during the first six months for card membership. That’s an additional 9x points to the 1x point that you already earn.
  • Annual Fee: $550 $695
  • The offer shows up after you log in at Schwab (Learn how to Apply for this card)

You can see an image of the offer here. The public application page has the usual bonus of just 60,000 Membership Rewards points.

Card Details

  • Earn
    • 5X MR points on airfare booked directly with airlines or through Amex Travel
    • 5X MR points on eligible hotels booked through Amex Travel
    • 1X MR points on all other purchases
  • $200 in annual Uber savings ($15 in Uber Cash for U.S. rides every month plus a bonus $20 in December)
  • $200 annual Airline Fee Credit
  • $200 Hotel Credit for prepaid bookings at Fine Hotels + Resorts(R) or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel.
  • $100 in statement credits annually for purchases at Saks Fifth Avenue or That's up to $50 on a semi-annual basis. Enrollment required.
  • $240 Digital Entertainment Credit ($20/month) on eligible purchases or subscriptions: The Disney Bundle, Disney+, ESPN+, Hulu, Peacock, Audible, SiriusXM and The New York Times.
  • Receive one Global Entry ($100) statement credit or one TSA Precheck ($85) statement credit
  • $189 CLEAR Credit annually.
  • Access to over 1,400+ airport lounges, including The Centurion lounge, Delta Sky Clubs, Airspace Lounges and Priority Pass Select membership
  • Marriott Bonvoy Gold Elite Status
  • Hilton Honors Gold Status
  • Walmart+ Monthly Membership Credit ($12.95/month) 
  • $300 SoulCycle At-Home Bike Credit
  • $300 Equinox Credit ($25/month) on purchases of select Equinox Fitness Club monthly memberships or a digital subscription to Equinox+ (the on-demand fitness app).
  • Complimentary membership in premium car rental programs, including special upgrades and discounts.
  • 20% discount on Wheels Up Connect and a 40% discount on Wheels Up Core memberships. Plus, get a $500 or $2,000 credit added to your Wheels Up account to use toward your initial flight
  • Resy Dining Benefit
  • Platinum Card Concierge available 24/7 to help with anything from special dinner reservations to finding the perfect gift. 
  • More perks and benefits.
  • Annual Fee: $695

Guru’s Wrap-up

This is a great offer for the Schwab Amex Platinum card. It can add up to a total bonus 350,000 Membership Rewards points if you complete the spending requirement for the signup bonus and maximize the full $25,000 spend on Shop Small purchases and restaurants. On top of that you can redeem points for 1.25 cents each for the next few months.

HT: Agile Travel

RebatesMe $35 bonus

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