Schwab Investor Card® from American Express

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. Terms Apply.

Schwab Investor Card from American Express

Our Rating

4.0/5.0

Welcome Offer

$200

Annual Fee

$0

0% Intro on Purchases

6 months

Reward Rate

1.5% cash back

0% Intro 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.

Editorial Review

Features & Benefits

SecurityEMV Chip Enabled, Zero Liability, Virtual Card Numbers
Contactless PaymentsTap to Pay, Apple Pay, Google Pay
BenefitsExtended Warranty Coverage, Purchase Protection, ShopRunner, 24/7 customer service
Travel PerksAccess to Special Events and Concerts, Auto Rental Collision Damage Waiver, Concierge Services

Rewards

1.5% cash back
All eligible purchases
Earn an unlimited 1.5% cash back automatically deposited into your eligible Schwab account for eligible purchases made with your Card.

Interest Rates & Fees

Annual Fee$0
Foreign Transaction Fee2.7% of each transaction after conversion to US dollars.
Regular APR19.24% to 22.24% (V) APR
Purchases0% Intro APR for 6 months on purchases, then 19.24% to 22.24% (V) APR after that.

Pros & Cons

Pros
  • Welcome offer
  • No annual fee
  • 1.5% cash back
Cons
  • 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
Fidelity® Rewards Visa Signature® Credit Card

Rating

4.2

Rewards Range

2% cash back

Annual Fee

$0

Wells Fargo Active Cash® Card
Wells Fargo Active Cash® Card

Rating

4.9

Rewards Range

2%

Annual Fee

$0

Citi<sup>®</sup> Double Cash Card
Citi® Double Cash Card

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

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