To receive this benefit, your Card account must be active and not in default at the time of fulfillment. Please allow 6 - 8 weeks after calculation for the Schwab Appreciation Bonus to be posted. Retirement assets not held in accounts listed above are excluded. Qualifying Schwab Holdings are the sum of the following assets and obligations: (1) the aggregate assets held in the following non-retirement Schwab Brokerage Account types over which the Basic Card Member is an owner, grantor or trustee: individual, joint, revocable living trusts (where the grantor and trustee are the same), testamentary trusts, custodial, 529, guardianship, conservatorship, estate, usufruct, and life estate accounts plus (2) the aggregate assets held in the following retirement Schwab Brokerage Account types over which the Basic Card Member is an owner, grantor or trustee: Traditional Individual Retirement Accounts ("IRAs"), Roth and Roth Conversion IRAs and Rollover IRAs, but excluding IRAs, Roth and Roth Conversion IRAs and Rollover IRAs that are managed by an independent investment advisor pursuant to a direct contractual relationship between the Basic Card Member and such independent investment advisor plus (3) the aggregate assets held in the following Schwab Bank Account types over which the Basic Card Member is an owner or grantor: checking, savings, and pledged asset accounts plus (4) the outstanding mortgage and home equity loan balances owed to Schwab Bank by the Basic Card Member. For taxable accounts, the bonus may be reported on your Form 1099-MISC. Any related taxes are your responsibility. Terms and Conditions for the Schwab Private Wealth Services program apply visit /programdetails for more information.Ĭonsult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt before applying. Or (2) you are a member of Schwab Private Wealth Services, you will receive a $200 Card statement credit and an $800 cash bonus award deposited into your Schwab Brokerage or IRA account. Or (iii) equal to or greater than $10,000,000, you will receive a $200 Card statement credit and an $800 cash bonus award deposited into your Schwab Brokerage or IRA account. Or (ii) equal to or greater than $1,000,000 and less than $10,000,000, you will receive a $200 Card statement credit (i) equal to or greater than $250,000 and less than $1,000,000, you will receive a $100 Card statement credit Your membership in Schwab Private Wealth Services, or Qualifying Schwab Holdings will be measured within five business days after (a) Card account approval and (b) the first calendar day of your annual Card account renewal month (each date, a "Measurement Date"). Schwab Appreciation Bonus Measurement Dates Basic Card Members may only receive one Schwab Appreciation Bonus each year of Card Membership. This benefit is only available to the Basic Card Member on the Platinum Card ® from American Express for Charles Schwab, and will be awarded based on either 1) the Basic Card Member's membership in Schwab Private Wealth Services or 2) the Basic Card Member's Qualifying Schwab Holdings, in each case as described below.
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