Update 6/24/21: See [Rumor] American Express Charles Schwab Cashout Option Reduced To 1.10¢ On September 1, 2021
Update 6/23/21: 1.25¢ language is back, but only when logged in. Hat tip to amz
The American Express Charles Schwab Platinum card allows cardmembers to convert Membership Rewards points into your Schwab account at a rate of 1.25¢ per point. Sometime between 5/31 and 6/1 American Express changed the landing page of the American Express Charles Schwab Platinum card to remove the language that states “You can use 60,000 points for a $750 deposit from Schwab into your eligible Schwab account.”
The application page still has this language, but it does seem odd that it was removed from the landing page. This could be part of the rumored Platinum changes. If you do have points that you’re planning on converting I’d recommend doing it sooner rather than later.
Hat tip to Thefinancehobbyist
