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Amex Schwab Platinum $600 Hotel Credit: How It Works and When It Resets (2026)

From the MaxWorth card database, the same rows the app uses; refreshed October 3, 2026

Quick answer: The Amex Schwab Platinum $600 Hotel Credit is worth up to $600 a year. It comes in two halves, January through June and July through December, up to $300 per half; an unused first half expires on July 1. Enrollment is required on the issuer's site or app before the credit pays out.

At a glance

CardAmex Schwab Platinum · American Express · annual fee $895
Value per year$600
Per-cycle cap$300
CycleSemi-annual
ResetsSemi-annual
EnrollmentRequired
TypeAccumulates up to the cap

The terms, as catalogued

Get up to $300 in statement credits semi-annually (up to $600 annually) when you use your Platinum Card to prepay for eligible bookings through American Express Travel at Fine Hotels + Resorts or The Hotel Collection. Enrollment required.

How not to lose it

Add the Amex Schwab Platinum to MaxWorth and this credit appears with its semi-annual cycle already set; you get a push before it expires, tap it when you use it, and the card's annual-fee ROI updates. No bank account is ever connected.

Frequently asked questions

When does the $600 Hotel Credit reset?

It comes in two halves, January through June and July through December, up to $300 per half; an unused first half expires on July 1.

Do I need to enroll?

Enrollment is required on the issuer's site or app before the credit pays out.

Does unused credit roll over?

No. Like every semi-annual credit, any unused amount expires when the cycle ends.

Other credits on the Amex Schwab Platinum

Source: the issuer's published terms, entered and verified by hand in the MaxWorth database; methodology. Spotted an outdated term? Tell us through the app.