American Express and Charles Schwab to Launch New... - Products News


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Credit Card Applications » News » Products » American Express and Charles Schwab to Launch New Credit Cards

American Express and Charles Schwab to Launch New Credit Cards

The content is accurate at the time of publication and is subject to change.

American Express has inked a deal with a brokerage firm Charles Schwab to introduce two new premium co-branded credit cards in 2016. The details for the new cards will be revealed closer to the launch date.

The multi-year partnership comes on the heels of American Express ending its relationship with Costco last month. The retailer was one of their biggest partners. The ending of this partnership was due to an inability to meet financial terms, but there appears to be no such issues with Charles Schwab & Co.

“We look forward to working closely with Charles Schwab to develop a strong value proposition for the new cards,” said Josh Silverman, president of consumer products & services for American Express. “The partnership is designed to generate positive economics over time for our shareholders, and allow our mutual customers to benefit from a relationship with two leading financial services brands.”

 More new ventures for Amex

This new venture is just one of many changes announced by American Express in recent weeks including upgraded rewards for Premier Rewards Gold Cardholders. With this upgrade they now get double points at restaurants, grocery stores and gas stations, and travelers earn triple points on air flights.

They have also partnered with BBVA Compass and the NBA to launch the new BBVA Compass NBA American Express card and the NBA TripleDouble Rewards Program. This is the first card to become part of the NBA family, offering fans triple points on  NBA-related purchases, and five times the points when it’s time for the NBA All-Star and the NBA Finals.

When they are ready to cash them in they can use them for NBA merchandise, as well as entree into games, special experiences, and events where they can actually hobnob with top players.

The Charles Schwab Corporation offers their customers a wide range of securities, money management, brokerage, banking, and financial advisory services. They work with both individual investors and independent investment advisers. Charles Schwab & Co., Inc., is a subsidiary that offers customers access to investment services and products.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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