Schwab Platinum = the #1 Reason why I use Amex 😃🥇 (Hilarious intro btw) 😂🙌 CONGRATS ON YOUR APPROVAL BEN!!
@ca6vtec3 жыл бұрын
Can you product change to the schwab version from a normal platinum?
@FIBHacker3 жыл бұрын
@@ca6vtec nope!
@MarkReese3 жыл бұрын
@@ca6vtec - Nah ... it's a standalone card 😁✌️
@ca6vtec3 жыл бұрын
@@MarkReese you have one?
@ajalbetjr3 жыл бұрын
@@MarkReese Exactly, which means... A CHANCE AT 60,000 MORE POINTS!!!
@amarigrant3 жыл бұрын
Your income is something to be proud of...shows success which must’ve took careful planning and determination. -and yes, this is the only platinum card I’d say is worth getting 😎 great vid and congratulations btw
@HockeyJock3 жыл бұрын
Didn't know there was a targeted offer out there for current Schwab clients. Thanks, I'll be looking out. 🤞
@jedi22544093 жыл бұрын
Just FYI Schwab checking automatically open a connected brokerage account. You don’t have to use the brokerage account but because they are not a traditional bank, the banking aspect is considered an “Add on” to a brokerage account
@ryanfitzsimons73883 жыл бұрын
I used my Schwab card to turn 400k in points into $5,000. i love this card
This card has bling power for impressing the sugar babies and exotic dancers!
@LankyLiam3 жыл бұрын
Haha
@MrHakubi3 жыл бұрын
Any card impresses sugar babies. According to a friend..
@chrisbrown87483 жыл бұрын
Haha Dude it’s as if you made this video for me and I thank you for that lol. I’m about to hit my “welcome bonus” or whatever you call it on my AMEX Gold and I’ll be applying for the Charles Schwab Platinum in the next month or so.
@RosserNFT3 жыл бұрын
I'm also trying to do the same.
@gillian323 жыл бұрын
I can't wait for the TD Ameritrade merger, so I can get a Charlies Schwab AMEX. It'll look even cooler than my Venmo Visa.
@daltonhunter48003 жыл бұрын
Loved the intro, man! I need more Credit Shifu in my life.
@MAN312563 жыл бұрын
Lol I remember 10% atm fee at a strip club in Vegas. Pulling out 500$ could have used that to two dances
@KevinYang3 жыл бұрын
The platinum card has always been my holy grail card for all things travel. If only there were more elevated sign up bonuses on the Schwab version, that would be perfect!
@@ziptrader27 NO ONE FALL FOR THIS, THIS IS NOT THE REAL CREDIT SHIFU
@KevinConwayChannel3 жыл бұрын
I have wondered about this card. Thanks for posting
@davidrichard84923 жыл бұрын
*It's unfair on how things has turned up to be due to the recent world pandemic things has been so difficult* *we see complains here and there in the social Media from different people in different countries all around the world* *The government has less or no time for their people anymore* *I think we all should try to engage in different things to make money and stop hoping on the economy*
@kingsleydominic19213 жыл бұрын
Yes ! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain
@robertfoster25773 жыл бұрын
Exactly I'm also happy to start investing too than to have my money sleeping in bank
@renteriawilliams84473 жыл бұрын
Stocks are good but we have to make the right plans
@oliverbenjamin62163 жыл бұрын
Yes Stocks are good but they are alot of businesses more convenient than stocks
@elijahlogan72423 жыл бұрын
That’s the fact well I only invested in stocks and will love to know a better investment too
@Hawaiiwong3 жыл бұрын
Yep when you apply for a brokerage account it asks if you want a debit card linked to the brokerage account (at least it asked me when I opened my first Schwab One account).
@StickyJalapeno3 жыл бұрын
Can I transfer my points to the schwab checking account?
@Hawaiiwong2 жыл бұрын
@@StickyJalapeno With the schwab platinum, no. But you need a brokerage for the checking account and you could transfer your points to the brokerage and then transfer the money to your checking.
@housemachine5093 жыл бұрын
Is it easier to get the Schwab platinum if you have a new brokerage account ?
@markplymale3 жыл бұрын
Funny intro 😂 Schwab version > regular. The only reason to get the regular one is just for the massive welcome offer
@katzenpapa3 жыл бұрын
If I just got the vanilla about a month ago, should I go ahead and apply or should I wait for 90 days?
@jattaya3 жыл бұрын
@@katzenpapa tldr version: wait -ya probably got 6 months to meet the minimum spend of 5k on the regular version as well as the 10x on gas & groceries for the 1st 6 months up to 15k. Meanwhile you only get 3 months for the 5k minimum spend on the schwab version...so unless ya got alot of expenses, like a big family, large rent or a big tax bill coming up, 👀 regardless if amex will approve ya, that's a huge amount of spend to put on only 2 cards in just a few months, or ya might just end up missing out on the bonuses while doubling up annual fees & overlapping benefits, while risking the rewards abuse team coming after ya.
@katzenpapa3 жыл бұрын
@@jattaya I just need to know if it's possible to get approved for two platinum cards within 90 days, the spend on the cards is irrelevant. Does anyone else here have any experience of getting approved for two platinums within 90 days?
@zimvader253 жыл бұрын
@@katzenpapa damn, we got a big baller over here, guys! lol
@LukesPointsandMiles3 жыл бұрын
It is definitely a keeper card. So many great benefits.
@brandonsu18483 жыл бұрын
was gonna get the Charles Schwab version but then I was offered 100k bonus for the vanilla version, too good to pass up lol
@nicolascarrera75423 жыл бұрын
Get both and get both bonuses they r different cards
@brandonsu18483 жыл бұрын
@@nicolascarrera7542 I'll definitely do that!
@Th33Vultur3 Жыл бұрын
Get the vanilla 1st and then get the Schwab platinum. Only get it after your done with vanilla welcome bonus and then get the Schwab 1. When the vanilla version annual fee hits , cancel it unless they give you a great retention offer to keep it keep it open another year. If American express doesn't give you a good retention offer for keeping the vanilla 1 open another year, close it. You need to have at least 1 points earning card and your points will be safe. I have the blue business plus and the regular everyday that are both No annual No annual fee and they keeps my points alive when I get tired of paying the green card annual fee of $150
@AMEX4Life2 жыл бұрын
Excellent information my friend. Thank you
@2808Heavy3 жыл бұрын
I get it. The 1.25cpp isn’t bad. However for my own situation, this hobby has to be about travel. If I start chasing cash back I’d rather just spend an extra hour at the office and make a little bit more and ditch this hobby completely. For some reason when I think of this hobby as cash back I suddenly get bored and rather do something else with my time. But that’s just me, not anyone else so no need to try to change my perception as I won’t try to change yours.
@mikekirkpatrick80613 жыл бұрын
100% percent correct it's a game and if you don't have a prize at the end why play
@Tony368473 жыл бұрын
Well said! If 1.25 cents per point is all you dream about, just quit
@zimvader253 жыл бұрын
This card literally gives you everything the regular gives you, PLUS more. So why complain?
@2808Heavy3 жыл бұрын
@@zimvader25 Becsuse folks have an opinion different from that of your own doesn’t make them wrong. The way you go about this hobby isn’t the only way and folks have a right to an opinion just like you. If they want to complain, how does that affect your life? It doesn’t, so move on!
@TheBiggest7.623 жыл бұрын
@@2808Heavy you’re too sensitive dude relax 😂
@Judah983 жыл бұрын
Love the snoop dogg music and glasses 🤓. LOL 😆
@TheCreditShifu3 жыл бұрын
It’s such a classic track and works great for “high roller memes”
@mattbastow46273 жыл бұрын
Hi Mr Shifu, love the contend, super early on this video, can we get some more UK videos and videos explaining why UK perks are so poor in comparison to USA cards
@thejokerspeaks3 жыл бұрын
Schwab + Gold + Bus Gold + BBP + BBP, I'm happy with the setup!
My guy is rolling straight out of bed without even a hairbrush touching his scalp and making vidoes hahaha..
@kevinm40693 жыл бұрын
I just cannot get behind the cash back Amex Schwab strategy. If you want cash back you should ditch the high AF cards entirely. You can get comparable returns on cash back cards with no hoops and no fee(s). Yes the returns may be a bit lower but at the large fees for the Amex setup (especially given that you need other cards to supplement the poor earning on the Schwab Platinum) you would have to spend many thousands for it to make sense.
@bronxishomenomatterwhereig314910 ай бұрын
The Amex Plat is for those who spend thousands on travel. People keep trying to present it as an option for the average person. By taking advantage of all the credits. If you don't already live a travel life style or plan to live it soon. Which the Amex Plat card will compliment? It aint for you.
The first 30 seconds was hilarious because it’s so true for many people. They don’t even bother crunching the numbers to see if this card makes sense because they don’t care. “I have a Charles Schwab branded Amex Platinum card. Don’t f**k with me.” 😂 Jokes aside, I am still on the fence about this one. I’m in a savings and investing pattern right now so I am not spending much and not traveling either. I did just open a Schwab brokerage account and I am also active duty military so I could get all the Amex cards with no annual fee at least for the next 5 years until I retire. Am I absolutely crazy if I don’t get this?
@William19113 жыл бұрын
If I remember correctly, Amex no longer waives the annual fee for military. Don’t hold me to that but I would double check before making that assumption 🤙🏻
@CB-fs5hf3 жыл бұрын
@@William1911 They still waive it. I just confirmed on their website to make sure. I'm definitely not spending enough money right now to justify any annual fees.
@William19113 жыл бұрын
@@CB-fs5hf You and me both. Glad to hear they are still waiving it!
@christopherjohn55753 жыл бұрын
Hell yeah! CreditShifu got the Schwab Platinum!! ✊🏻👊🏻
Now I've heard there's more data points on retention offers for the "vanilla" amex platinum, but I figure there are also more regular "vanilla" amex platinum holders than the co branded ones. Do you think there is a difference in the likelihood of a retention offer when holding the vanilla amex platinum vs the schwab or morgan stanley ones that have relationship opportunities to reduce costs? 🤔
@cjmor65903 жыл бұрын
no i got a 50k point retention on mine and people that have charles schwab accounts to begin with are generally well off and dont care to even look for a retention offer
@donaldhughes61463 жыл бұрын
Could you make a video as to why you haven’t considered the Hilton Aspire, but hold the Surpass ? I respect the decision, I’m just curious as to why you haven’t gotten it while still holding the Hilton Surpass as the Aspire in some ways almost pays you to have it if you can maximize all the benefits.
@beaubritton43623 жыл бұрын
So is this affecting the lounge entry that AE is speaking of. I have a Schwab AE card. It seems like it has gotten confusing.
@phmalouf3 жыл бұрын
I got my Amex platinum with Morgan Stanley. $0 annual fee. You can redeem points at 1 cent per point into the brokerage account. How many points do you need to redden to get the $450? 180,000. Don’t you think it’s a better option?
@kdawg94773 жыл бұрын
I cashed out the points when I first started and amex platinum is my very first card for this... I am still slapping myself for this
@Tp6813 жыл бұрын
I wish there could be product changes. Dont really want to pay a double annual fee for the schab plat and regular.
@Th33Vultur3 Жыл бұрын
If you still have the vanilla As long as you have an MR point earning card like the regular everyday or the blue business plus, your points will be safe and pulled under 1 account. Then get the Schwab platinum. If you don't do this, you're point will be gone forever. The other card you can get is the blue business plus. Both the regular everyday and the blue business plus are both know annual fee credit cards to keep your points alive.
@davids22063 жыл бұрын
One big thing... you can get that $200 discount if your retirement account with them is over $1M. Much more doable!
Schwab recently merged with TD Ameritrade so does this also apply to people with a TD Ameritrade accounts? Thanks for the video!
@jameschow74763 жыл бұрын
I have the same question
@Leealan93 жыл бұрын
They won’t be fully merged for another 2-3 years so no not as of now
@njpme3 жыл бұрын
No
@golfemperor3 жыл бұрын
Are all the benefits from the “vanilla” platinum included on the Schwab version? Like concierge and fine resorts and hotels credit?
@zimvader253 жыл бұрын
Yes
@katzenpapa3 жыл бұрын
If I just got the vanilla about a month ago, should I go ahead and apply or should I wait for 90 days?
@FIBHacker3 жыл бұрын
90 days
@Kozelaka5093 жыл бұрын
How long you had to wait before you apply for the Charles schwab platinum card
@cjmor65903 жыл бұрын
schwab is the only option worth going for if ur can considering the platinum otherwise ur wasting your time
@herlifemusings233 жыл бұрын
i want this card but they are still trying to verify my income 😭
@michaelb.34383 жыл бұрын
That's all good and well but not everybody accepts American Express because they're merchant fees are too high
@TheCreditShifu3 жыл бұрын
I don’t often find a merchant that doesn’t accept them these days. But we do have many other Visa and MasterCard credit cards too
@BeatsByLoFi2 жыл бұрын
Does anyone know if the Charles Schwab platinum still gives you all the benefits of the typical platinum?
@Floof_Factory3 жыл бұрын
I'm going for the amex platinum first. Hopefully I can get it with 8 inquiries in the past 12 months
@AmezAdvisors3 жыл бұрын
Did you get it? Curious for DP
@drewski912 жыл бұрын
@@AmezAdvisors I am wondering if he got it as well
@leanwats11033 жыл бұрын
Great video
@johnpaulmakowski74643 жыл бұрын
200,000 annual income? ! I'm not even close!
@minzyminz99873 жыл бұрын
Hi i have the gold card, will it makes sense if I have both platinum and gold? Will I be able to redeem the bonus points ie. 100k if i sign up for platinum even though I already have the gold?
@luisbarahona37733 жыл бұрын
Can you make a vid on the MS Amex platinum card?
@cjmor65903 жыл бұрын
hes not gonna do that hes to prestiges and rich to even think about trying to ms
@projectjt31493 жыл бұрын
Now that Charles Schwab acquired TD Ameritrade, is it safe to assume that anyone with an Ameritrade account can get the same benefits (assuming they have a Platinum card?)
@tareqislam14343 жыл бұрын
Does this card have annual fee? And if so, any spending walls to get it waived?
@TheCreditShifu3 жыл бұрын
$550
@Th33Vultur3 Жыл бұрын
Now $695
@bryonsview2 жыл бұрын
So if you have the gold card already you can deposit those rewards into your Charles brokerage acct?
@TheCreditShifu2 жыл бұрын
Yes
@parkerbelholland10373 жыл бұрын
Little typo @7:31. I assume you mean "Hilton" and not "Hiton"
@parkour2673 жыл бұрын
do i have to have the schwab version to get the points when transfering or does it work with normal platinum as well?
@chris_panda3 жыл бұрын
1:55 was it just changed? I can not see this offer on their website
@LightThiefProductions3 жыл бұрын
You cannot get the checking account from Schwab without also getting the brokerage account
@ThePixel-Man3 жыл бұрын
My annual fee is already reduced by $150 on the standard Amex platinum
What scoring model does amex use when you apply for this card ?
@Th33Vultur3 Жыл бұрын
Experian
@InsaneSupercars3 жыл бұрын
If I have a Vanguard Roth IRA, can I open a Charles Schwab Roth IRA or does it need to be a different account like the Brokerage?
@rennisonabraham11783 жыл бұрын
Open a regular brokerage account. Wouldn't you get penalties from withdrawing from your IRA if you wanted to use the points as cash? I opened a regular brokerage account and checking and when I converted point over it was immediately available for me to transfer to my checking and use as cash if I wanted.
@User-rv3oc3 жыл бұрын
You can’t double dip in Roth IRA’s. So just open an individual
@notthebackstreetboy79313 жыл бұрын
Be interesting to see if u get the same offers on the Schwab card as the vanilla.
If you have a Schwab brokerage but no platinum with them, could you still transfer your Amex gold points to Schwab?
@ardbeg91433 жыл бұрын
No
@soojoe3 жыл бұрын
Had to click on the video after seeing the shades
@katzenpapa3 жыл бұрын
I was approved for the vanilla platinum 12/16. I applied for the Schwab on 3/16/21. My application was canceled and I called and they said I was not 'denied' it was canceled since it was considered a duplicate application. This, as they say, since I already have a card in the platinum family I can't hold another. Is this something new?
@zimvader253 жыл бұрын
No
@TheOneBigRed3 жыл бұрын
Don't you need a million in your schwab holdings to qualify for the $200 credit? That's a huge flex and not realistically achievable for most people.
@housemachine5093 жыл бұрын
They verify income?
@dienekes64203 жыл бұрын
Sifu meme power has increased....
@juliuservin25393 жыл бұрын
Can you get the sign up bonus on the vanilla platinum and then product change to the schwab?
The answer is no. U have to open the Schwab account and then apply while logged in. That's how the Schwab and Amex accounts get connected. U also have to wait to receive the physical card to add it to your online Amex account.
@RealJermaineYoung3 жыл бұрын
I’ve done some great reviews on my KZbin channel...this is my favorite card
@@ziptrader27 NO ONE FALL FOR THIS, THIS IS NOT THE REAL CREDIT SHIFU
@blindeyeshater3 жыл бұрын
That’s right Karen!! 🤣🤣🤣🤣
@thebeddoctor42733 жыл бұрын
AARP says the discount applied for age 50 and over. Is that not accurate?
@TheCreditShifu3 жыл бұрын
Where does it say that? I just looked at the disclosures for this deal and didn’t see that. Send me a link
@thebeddoctor42733 жыл бұрын
@@TheCreditShifu it was just google. Im sure its wrong. I was just confirming because AARP is known to be for older people. I know you do your research so I trust you. I learned something new. Thank you.
@thebeddoctor42733 жыл бұрын
British Airways: Discounts offered to 50 and older that range between $65 and $200 per flight.
@thebeddoctor42733 жыл бұрын
Probably old information. I think it was from 2017 so maybe no longer applies
@JasmineSmith-ei2sk3 жыл бұрын
Do you get the PayPal credits with this card as well or that only for the "vanilla" platinum card?
@munroewarren3 жыл бұрын
The PayPal credit is available on the Schwab
@JasmineSmith-ei2sk3 жыл бұрын
@@munroewarren Thank you!
@EverydayKindaGuy3 жыл бұрын
I've got the Fidelity card. It's my daily driver.. Am I cool now?
@@ziptrader27 thanks for the spam and scam attempt. Shove off.
@elian0511943 жыл бұрын
stupid question : if i have a 200$ credit card limit and i use per month 20$ paying it full is my credit utilization 10%???
@TheCreditShifu3 жыл бұрын
yes, if you wait until the bill comes (statement close) and the pay after that, your utilization is 10%, if you pay before it closes, then it will report 0% utilization
@elian0511943 жыл бұрын
@@TheCreditShifu so if i use the full limit of my credit card and pay it in full, it will report 0% utilization?
@TheCreditShifu3 жыл бұрын
Yes, if you pay it in full BEFORE the statement close date
@housemachine5093 жыл бұрын
Proof of income?
@notnef3 жыл бұрын
My next card
@davidrosales28203 жыл бұрын
Shifu? What Happend with the rule? ONLY ONE PREMIUN CREDIT CARD!!! csr+gold+Platinum
@TheCreditShifu3 жыл бұрын
Yeah I’m getting so much value out of them with all the extra benefits because of COVID that it actually makes sense to have more than 1. Plus I want to make videos about them
@davidrosales28203 жыл бұрын
@@TheCreditShifu Enjoy, that is good for us!!
@EL902913 жыл бұрын
Don’t forget to buy some GME on your brokerage account...🚀🚀🚀🚀🚀🚀🚀🚀
@@ziptrader27 NO ONE FALL FOR THIS, THIS IS NOT THE REAL CREDIT SHIFU
@bufftammy7353 жыл бұрын
Do Strip clubs take amex points?
@bufftammy7353 жыл бұрын
@@ziptrader27 NO ONE FALL FOR THIS, THIS IS NOT THE REQL CREDIT SHIFU
@P-fv3mg Жыл бұрын
It's now 1.1cpp to the Schwab account
@TheCreditShifu Жыл бұрын
This video is several years old, was made before that change happened
@P-fv3mg Жыл бұрын
@@TheCreditShifu Yup, just updating people like me who are researching the card these days.
@scipionyx3 жыл бұрын
That annual fee reduction seems tempting
@2808Heavy3 жыл бұрын
Ben, stop kidding yourself. You’re at home this year because your point balances are BUPKIS! 😂🤣😂. There’s a lot to do domestically that can also be enjoyed outdoors this spring/summer. Yea, you gotta were a mask on the plane but I can imagine Big Sur and Lake Tahoe would be AWESOME spring/summer getaways.
@gofman11093 жыл бұрын
You will be told that American Express is not accepted so you will need to carry a non American Express card
I got my credit card from PhilipsCard he is a legit vendor I met him after I have been scam twice and he deliver my card in three days very reliable. Thanks to PhilipsCard
@multimeter28593 жыл бұрын
Credit Shifu > "Sifu" Dan Lok
@That_Cyber_Dude3 жыл бұрын
I want the SCHWAB AMEX!!!
@djlive862 жыл бұрын
What Credit Bureau Does The Charles Schwab Pull From?
@agj33583 жыл бұрын
My dude had COVID hair before 2020 🤣🤣.. Shave head and keep the facial hair. You’ll feel like a new man🤙🏼