Business Platinum vs Platinum (Schwab)
Business Platinum
$695/yr
5.5/10
VS
Platinum (Schwab)
$895/yr
5.5/10
Quick Answer
Business Platinum charges $695/yr with 1X base rewards. Platinum (Schwab) charges $895/yr with 1X base rewards. Business Platinum offers better overall value for most spenders when comparing fees, rewards, and benefits side by side.
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Winner by Category
Annual Fees
Business Platinum
Lower annual fee ($695 vs $895)
Rewards Earning
Business Platinum
6 earning categories
Benefits & Protection
See card details
Visit each card's review for full benefits list
Statement Credits
Platinum (Schwab)
$1439 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Business Platinum wins for most people
The $200 fee difference is hard to justify unless you maximize premium benefits.
Apply for Business PlatinumPREMIUM PICK
Platinum (Schwab) wins for heavy spenders
If you can offset the higher fee with credits and perks, this card delivers more value.
Apply for Platinum (Schwab)Rewards Earning: Detailed Comparison
Business Platinum
| Flights & hotels (Amex Travel) | 5.0X |
| Eligible purchases $5,000+ | 1.5X (up to $2,000,000) |
| US construction material & hardware | 1.5X |
| US electronic goods retailers | 1.5X |
| US shipping providers | 1.5X |
| Everything else | 1.0X |
Platinum (Schwab)
| Flights (Amex Travel) | 5.0X |
| Hotels (Amex Travel) | 5.0X |
| Everything else | 1.0X |