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Charles Schwab Investor AMEX Credit Card

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Frequent Contributor

Charles Schwab Investor AMEX Credit Card

Anyone have one or had any experiance with one ?

Looking at my Signature line, would I be able to get one ?


Message 1 of 12
11 REPLIES 11
Senior Contributor

Re: Charles Schwab Investor AMEX Credit Card

I'm not sure how common it is for Amex to approve a 6th revolver. I've heard a few reports of it happening. Not sure if the charge cards or business card(s) complicate things.

 

Your signature does not show APRs, CLs, or account age. That may be relevant information, particularly if you've recently gotten other Amex cards.

 

I will say the credit standards for the card are comparable to the standards for your other Amex revolvers (charge cards are a little easier to get). There's nothing that makes the Schwab Investor card inherently more difficult to get.

Major spend: CSR, BBP, Costco
Rewards/AAoA ballast: CF, CFU, Discover, ED, BCE, Arrival, DoubleCash
Perks: Schwab Platinum, IHG49, Hyatt75
Bonus chasing: Aviator Red, SPG Luxury, Savor
Message 2 of 12
Senior Contributor

Re: Charles Schwab Investor AMEX Credit Card

I am curious as to the appeal of a 1.5% Amex, seeing as you already have several Amex cards and what I assume is a brokerage-linked 2% Fidelity Visa. There are bigger bonuses out there.

Major spend: CSR, BBP, Costco
Rewards/AAoA ballast: CF, CFU, Discover, ED, BCE, Arrival, DoubleCash
Perks: Schwab Platinum, IHG49, Hyatt75
Bonus chasing: Aviator Red, SPG Luxury, Savor
Message 3 of 12
Moderator

Re: Charles Schwab Investor AMEX Credit Card

@VIPERLTDMYFICO, do you currently have a Schwab relationship? The revolver max also applies to the Investor card just like any other AmEx revolvers.

IIRC, this was previously discussed in your other Schwab (AmEx) thread.
Message 4 of 12
Frequent Contributor

Re: Charles Schwab Investor AMEX Credit Card

@Finstar,
I currently do have a relationship from a High Yield Checking account, just a great checking account, no ATM fees ANYWHERE !!.
I was just wondering if the Investor card was worth having ...

Message 5 of 12
Moderator

Re: Charles Schwab Investor AMEX Credit Card

Worth is really subjective and given your current line up with Delta, Hilton and SPG, I'm not sure how this one would stack up to the rest of them as a 1.5% earner.

I mean, if you're just collecting AmEx CCs for some bling factor (keep in mind it's not metal), then by all means apply, but you'd have to likely close one of your revolvers to make room for this one.
Message 6 of 12
Senior Contributor

Re: Charles Schwab Investor AMEX Credit Card


@VIPERLTDMYFICO wrote:
@FinStar,
I currently do have a relationship from a High Yield Checking account, just a great checking account, no ATM fees ANYWHERE !!.
I was just wondering if the Investor card was worth having ...

The Schwab Investor offer I currently see is a $100 bonus after $1k spend. Even the Cash Magnet has $150 for $1k spend. Of course, there may be various promotions, links, and targeted offers for each.

Major spend: CSR, BBP, Costco
Rewards/AAoA ballast: CF, CFU, Discover, ED, BCE, Arrival, DoubleCash
Perks: Schwab Platinum, IHG49, Hyatt75
Bonus chasing: Aviator Red, SPG Luxury, Savor
Message 7 of 12
Moderator

Re: Charles Schwab Investor AMEX Credit Card

The targeted offer I received was $200 SUB on the Investor card + the SUB referral for brokerage.
Message 8 of 12
Valued Contributor

Re: Charles Schwab Investor AMEX Credit Card

This is not one of the better Amex cards.  I have both a Schwab brokerage account and a Schwab checking account, but this credit card doesn’t tempt me in the least.

Chase Sapphire Reserve • PenFed Power Cash Rewards • and five cards in the sock drawer

No CC debt • No bonus chasing • No app sprees • No gift cards • No AZEO • No airline incidentals • No hotel cards • No store cards • No business cards • No authorized users
Message 9 of 12
Regular Contributor

Re: Charles Schwab Investor AMEX Credit Card

Short answer like others have mentioned is you will get approved but it is not worth it. There are a lot of better cash back cards with higher bonuses and perks (like no forex fee)
 AU-> 
Message 10 of 12