Posted by Chuck on August 19, 2019
Credit Cards

Published on August 19th, 2019 | by Chuck

74

[Targeted] Schwab American Express Platinum 100,000 Points Signup Offer With $5,000 Spend Requirement

The Offer

Direct Link to offer (keep in mind, this offer is targeted)

  • Signup for the American Express Platinum card for Schwab and get a signup bonus of 100,000 Membership Rewards points after spending $5,000 within 3 months.

Check you email for subject “LIMITED TIME ONLY: Exclusive 100K Points Offer”. If not eligible, it’ll show “not eligible” after login.

Offer valid through September 30, 2019. “100K Points Offer is a targeted promotion available only to select Schwab clients who were invited to participate. This offer is not transferable or salable.”

Card Details

  • Ability to redeem Membership Rewards points into your Schwab investment account at 1.25 cents per point
  • Annual fee of $550 is not waived the first year
    • Authorized Platinum cards are $175 for three user (then $175 per Platinum)
    • Authorized Gold cards are free
    • Full details here
  • Card earns at the following rates:
    • 5x points per $1 spent on purchases made with airlines or with American Express Travel
    • 5x points per $1 spent on hotel bookings made directly from the American Express travel website
    • 1x points on all other purchases
  • $200 airline incidental credit per calendar year
  • $200 Uber credit ($15 per month and additional $20 in December)
  • Lounge access:
    • Centurion lounge access
    • International American Express lounge access
    • Delta SkyClub lounge access
    • Priority pass select membership
    • Airspace lounge access
  • SPG gold status (this will also give you Marriott Gold status)
  • Hilton gold status
  • Fee Credit for Global Entry or TSA Pre✓
  • No foreign transaction fees
  • SoulCycle benefits
  • View these other hidden benefits

Our Verdict

This offer was sent out via email; I’m unsure if it’s working for anyone who didn’t get the email, but you can check on the public landing page. If you were targeted, it’s really a terrific offer. You can get one signup bonus for each Amex Platinum flavor; so long as you never had Schwab Platinum before, you should be eligible.

The Platinum cards aren’t worth as much as they used to be since the airline credit is no longer easily usable, but with 100,000 bonus it’s great for the first year, at the least. Some people like the Schwab Platinum long term for the ability to cash out all Membership Rewards points at a value of 1.25 cents per point. Read this post for Things To Know About American Express Credit Cards before applying.

Hat tip to suiris



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SA
SA

Tried for P2: Not eligible.
I currently have one so I am already not eligible.

JL
JL

+1, not eligible. wonder what the criteria is, maybe tied to assets in schwab brokerage.

chong786
chong786

https://www.reddit.com/r/churning/comments/csfkno/discussion_thread_august_19_2019/exfbljr/

not necessarily. he has 60k in his account and didn’t get targeted .

Lc
Lc

I smell a rat in the area.

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Nah, it’s just targeted to actual customers w active trading in Schwab

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Maybe splitting hairs here Doc, but targeted seems like a better word as emails were sent out to those who are eligible. Yet to see a DP of no email but able to pull up app. William Charles Chuck

Chris
Chris

No email; however, the targeted link worked for me.

I have a Charles Schwab account only for the fee free ATM withdrawals, I do not do any trading through them.

Song
Song

are u able to see the application form?

NA
NA

Not eligible

Justin
Justin

Clicking the link in the post shows the 100k offer for me. No email, and I’m not currently a Schwab customer. Worth trying to open Schwab checking account quickly and then apply?

tennismenace3
tennismenace3

[deleted]

Stan
Stan

“hey i’m new, can i knock out the MSR with five $1k GCs at my simon mall?”

Ferris
Ferris

You know someone will try this and wonder why they didn’t get any MR bonus points posted. I guess we’ll wait a few months and hear about them.

satellite
satellite

Have a Schwab account for stock grants at my job, not eligible.

Justin
Justin

same situation for me

Eric
Eric

Not eligible.

aubergine
aubergine

Ugh opened Schwab Plat for P2 last week. Do they ever match?

chong786
chong786

nope , amex never match.

Corey
Corey

To clarify,

I can open a Schwab checking account and then get this card? The landing page offer shows up fine for me currently. You can get the standard 60k signup offer if you open a Schwab brokerage.

JR
JR

Is the lifetime language in this term include other Platinum cards? If I had the non Schwab Platinum card in the past, will I be eligible for the bonus?

Michael
Michael

The other Platinums are their own product, so you should be able to get each bonus once.

LMD
LMD

It’s a hard pull to open a checking account with Schwab to ultimately get the Plat. Are there any other non hard pull products they offer?

Lrdx
Lrdx

Brokerage.

LMD
LMD

Thanks!

Frugal Nellie (aka Lela)
Frugal Nellie (aka Lela)

You can get a debit card against your brokerage too, no hard pull, and you get atm fees refunded, even when you travel abroad. Great money saver.

artgriego
artgriego

Gven the direction of Amex crackdowns in the past year I wouldn’t touch this if I didn’t get the email.

Mike
Mike

What is the email subject line?

Clay_pigeon14
Clay_pigeon14

LIMITED TIME ONLY: Exclusive 100K Points Offer

TJ
TJ

Logged in, not targeted. have to think it’s targeted at people with larger Schwab balances…

Jim Jam
Jim Jam

How can I tell if I’ve been targeted? I do have a schwab account, but can’t figure out how to find out if I’ve been targeted.

satellite
satellite

Follow the link from the post?

Albie
Albie

i have around 80k with them, active account in stocks. not targeted.

whodidntante
whodidntante

Yes, my Schwab poverty account did not qualify me.

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