New Charles Schwab American Express Platinum Card

According to Doctor of Credit, American Express and Charles Schwab plan to launch a new Platinum card to Schwab customers this week.  I've been a Schwab banking and brokerage customer for more than twenty years.  Schwab's High Yield Checking account is my recommendation for free ATM withdrawals worldwide.

Las Vegas Centurion Lounge

I currently carry Amex's personal version of the Platinum card getting me a $200 annual travel credit, access to FH&R, and Centurion lounge access.  Apparently the new card will be marketed as a separate product meaning even if you've received a sign-up bonus for the personal platinum card, you'll be able to get it again with this card.

Schwab Amex Platinum

The card is essentially the same as the personal platinum offering.  You'll be able to deposit points into a Schwab brokerage accounts at a rate of 1.25 cents (not a great deal) in addition to receiving a discount on the annual fee if you hold more than $250,000 in assets with Schwab.

While the standard bonus offer is only 40,000 points, I would imagine Amex/Schwab will be targeting Schwab customers with bigger bonus offers.  I'm going to hold off for a bigger bonus once the card goes live but certainly excited by a new opportunity to pick up valuable Membership Rewards points.