Charles Schwab Platinum Card Cardmember Agreement

Pricing in American Express National Bank's Charles Schwab Platinum Card Cardmember Agreement agreement is expressed relative to the Prime Rate. This review treats those figures as margins, which is what they are, and compares the fee terms that can be compared.

What this filing discloses

American Express National Bank filed this agreement for Charles Schwab Platinum Card Cardmember Agreement with the Consumer Financial Protection Bureau. The filing runs 13 pages, and It is issued on the Amex network.

Terms captured from the document include a penalty rate, an annual fee line, a late payment maximum and a foreign transaction fee. No figure appears for a purchase rate, a cash advance rate and a balance transfer rate.

These figures carry medium extraction confidence — they are reproduced as read from the filing, which remains the authority.

The row carrying the purchase rate is unlabelled in the original document; it is reported here as the most likely purchase figure rather than a certain one.

Priced off the Prime Rate

This filing does not quote finished APRs. It states margins — numbers that are added to the Prime Rate to produce the rate actually charged. Everything below should be read that way.

The margins captured from the filing are 26.74 points for penalty pricing.

Because the filing prices off an index, the dollar cost of a balance cannot be computed from the document alone. It is the current Prime Rate that completes the sum, and that changes.

Confidence in the parse of this filing is moderate rather than high, so the figures below are best checked against the original.

Penalty pricing and late fees

$40 is the disclosed ceiling on a late payment fee, placing it near the 72nd percentile of the set.

Charges beyond interest

Holding the card costs $895 a year before any transaction takes place — about the 100th percentile among agreements in this index that state a fee.

Foreign transactions carry no fee. Only about 22% of the filings here that disclose a foreign transaction fee set it at zero, so this is a genuine point of difference.

How it sits in the issuer's own range

25 separate American Express National Bank filings appear in the corpus.

Among the issuer's other filings that disclose a fee, 20 of 24 come in below this card's $895.

The limits of this document

Absent from the captured terms: a purchase rate, anything about cash advances, balance transfer terms and a grace period. The original document is the place to look for any of these.

More broadly, a CFPB agreement filing is a legal and pricing document. It does not describe rewards, benefits, sign-up offers, eligibility or approval criteria, and nothing of that kind has been inferred on this page. Where a card has features of that sort, they live outside this document entirely.

Reading the agreement yourself

This summary stands or falls on the linked PDF — 13 pages. Agreements are amended over time, and the filing reflects the terms as submitted rather than as they stand today.

In short

What can be said is how this card is priced, not what it costs. That distinction is the whole of the analysis here, and the agreement is the place to confirm the index it uses.