Schwab Investor Card® from American Express
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The Schwab Investor Card® from American Express is a cash back card designed for people who invest with Charles Schwab or are planning to invest with them. There is a welcome offer and after that, you’ll earn 1.5% cash back on every purchase. However, whatever you earn in cash back is automatically deposited into your Schwab account. Since there are many 2% cash back cards out there these days, the only real advantage to this one is the extra boost to your Charles Schwab account. American Express also offers special deals on goods and services which you may (or may not) find useful. We dive into the details and your approval odds in this Schwab Investor Card review.
All information about the Schwab Investor Card® from American Express has been collected independently by allCards.com.
Welcome Offer
Earn a $200 Card Statement Credit after spending $1,000 in purchases on your Schwab Investor Card® from American Express in the first 3 months of Card Membership.
Our Rating
4.0/5.0
Welcome Offer
$200
Annual Fee
$0
0% on Purchases
6 months
Reward Rate
1.5% cash back
0% on Balance Transfers
None
Welcome Offer
Earn a $200 Card Statement Credit after spending $1,000 in purchases on your Schwab Investor Card® from American Express in the first 3 months of Card Membership.
Features & Benefits
| Security | EMV Chip Enabled, Zero Liability, Virtual Card Numbers |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay |
| Benefits | Extended Warranty Coverage, Purchase Protection, ShopRunner, 24/7 customer service |
| Travel Perks | Access to Special Events and Concerts, Auto Rental Collision Damage Waiver, Concierge Services |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 2.7% of each transaction after conversion to US dollars. |
| Regular APR | 19.24% to 22.24% (V) APR |
| Purchases | 0% Intro APR for 6 months on purchases, then 19.24% to 22.24% (V) APR after that. |
Pros & Cons
- Welcome offer
- No annual fee
- 1.5% cash back
- High APR
- Foreign transaction fee
- Requires good credit
- Rewards must be deposited into a Charles Schwab account
What Are the Best Alternatives?
Fidelity® Rewards Visa Signature® Credit Card
Rating
4.2
Rewards Range
2% cash back
Annual Fee
$0
Wells Fargo Active Cash® Card
Rating
4.9
Rewards Range
2%
Annual Fee
$0
Citi® Double Cash Card - 18 month BT offer
Rating
4.9
Rewards Range
1% to 2%
Annual Fee
$0