Everyday Preferred vs Platinum (Schwab)
Everyday Preferred
$95/yr
6.5/10
VS
Platinum (Schwab)
$895/yr
5.5/10
Quick Answer
Everyday Preferred charges $95/yr with 1X base rewards. Platinum (Schwab) charges $895/yr with 1X base rewards. Everyday Preferred 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
Everyday Preferred
Lower annual fee ($95 vs $895)
Rewards Earning
Everyday Preferred
4 earning categories
Benefits & Protection
Everyday Preferred
0 benefits vs 0
Statement Credits
Platinum (Schwab)
$1439 in annual credits
Flexibility
Tie
Both cards have similar redemption flexibility
OUR PICK
Everyday Preferred wins for most people
The $800 fee difference is hard to justify unless you maximize premium benefits.
Apply for Everyday PreferredPREMIUM 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
Everyday Preferred
| US supermarkets | 3.0X (up to $6,000) |
| US gas stations | 2.0X |
| Everything else | 1.0X |
| 50% bonus (30+ purchases) | 1.0X |
Platinum (Schwab)
| Flights (Amex Travel) | 5.0X |
| Hotels (Amex Travel) | 5.0X |
| Everything else | 1.0X |