New Schwab Amex Platinum Live

As I wrote about over the weekend, Charles Schwab is launching a couple of new American Express co-branded credit cards for brokerage customers.  The offerings include an Amex Platinum card with a 40,000 point sign-up bonus.  That matches the standard offering for the non co-brand card.

The cards were set to launch 3/31 (today) and they are live on Schwab's website.

I plan to hold off on applying to see if there's a bigger, targeted bonus in the future.  If you are a (big) Schwab brokerage customer, you can receive $100 or $200 off the platinum card annual fee if you hold more than $250K or $1M in assists with Schwab.

Seems like a high bar to me but for a very limited number of you, this may result in $100 or $200 back each year.

Anyway, it's great to see banks expand their product line and always nice to have another card option.