If you are searching for a TD Ameritrade credit card in 2026, there is something you need to know first. TD Ameritrade no longer exists as a standalone brokerage. Its accounts were moved into Charles Schwab during the 2023 to 2024 migration after Schwab acquired the firm. That changes the answer to almost every question about a TD Ameritrade card.
This article explains honestly what happened, what replaced the old card, and whether the current Schwab cards make sense for you.
Key facts at a glance
| Feature | Detail (as of June 2026) |
|---|---|
| TD Ameritrade card status | Not available to new applicants; brand absorbed into Schwab |
| Replacement cards | Schwab Investor Card and the Platinum Card for Charles Schwab |
| Issuer | American Express National Bank |
| Network | American Express |
| Investor Card rewards | 1.5% cash back swept into an eligible Schwab account |
| Investor Card annual fee | $0 |
| Investor Card APR | 0% intro on purchases for 6 months, then 19.49% to 28.49% variable |
| Eligibility | Requires an eligible Schwab brokerage or IRA account |
| Foreign transaction fee (Platinum) | None |
What happened to the TD Ameritrade card
Historically, the TD Ameritrade Client Rewards Card offered a flat 1.5% cash back on purchases, with a 10% bonus when you redeemed into an eligible TD Ameritrade account. That card belonged to the TD Ameritrade era. The idea of routing rewards back into a brokerage is not unique to Schwab, and you can see the same model in our Fidelity credit card review.
When Schwab finished absorbing TD Ameritrade and moved client accounts over through 2023 and 2024, the TD Ameritrade brand was retired. The old branded investing card is not open to new applicants today. If you are a former TD Ameritrade client, your investing relationship now lives at Schwab, and the cards that fit that relationship are the Schwab American Express cards.
We want to be clear about that, because some pages still talk about a TD Ameritrade card as if you can sign up. As of June 2026, you cannot.
The cards that effectively replace it
Schwab partners with American Express on two cards. Both are issued by American Express National Bank, not Schwab itself, and both require an eligible Schwab account to apply. If you are weighing this against other Amex options, our Amex cards ranked guide lays out how the lineup compares.
Schwab Investor Card from American Express
This is the closest spiritual replacement for the old flat-cash-back TD Ameritrade card. It earns 1.5% cash back on eligible purchases, and that cash back is automatically deposited into your linked eligible Schwab account. There is no annual fee. The card carries a 0% introductory APR on purchases for 6 months from account opening, after which a variable APR of 19.49% to 28.49% applies, based on creditworthiness. If those numbers feel abstract, our explainer on APR on a credit card breaks down what that range actually costs you.
The appeal is simple. You spend, and your rewards land in your brokerage account as investable cash rather than a statement credit you might forget.
Platinum Card from American Express Exclusively for Charles Schwab
This is the premium option, and it is a very different animal. It carries a $895 annual fee. In exchange you get the full Amex Platinum benefit set plus a Schwab twist. You can move Membership Rewards points into your eligible Schwab brokerage account through Invest with Rewards. There is also an annual Schwab Appreciation Bonus statement credit that scales with your qualifying Schwab holdings, starting at $100 for balances of at least $250,000.
It earns 5X Membership Rewards points on flights booked directly with airlines or through Amex Travel, up to a yearly cap, and 5X on prepaid hotels booked through Amex Travel. It also has no foreign transaction fees from American Express. The long list of travel and lifestyle credits only pays off if you actually use them, so the high fee is not for everyone. If you want to see how the standard premium tiers stack up before committing, the Amex Green vs Gold comparison is a useful reference.
Who these cards suit
The Schwab Investor Card suits a former TD Ameritrade client or any Schwab investor who wants a no-fee card that funnels flat cash back straight into investing. It is straightforward and low maintenance.
The Platinum for Schwab suits a frequent traveler with substantial Schwab holdings who will use the lounge access, travel credits, and the ability to convert points into brokerage cash. If you would not use the credits, the $895 fee is hard to justify.
Remember, both require an eligible Schwab account, and Schwab is not involved in the credit decision. APRs vary by creditworthiness, and terms and conditions apply.
If you want a simpler starter card instead
Not everyone reading this is a heavy investor. If you mainly want to build credit with a credit card and these brokerage-linked cards are a poor fit, there are simpler options.
The Aspire Mastercard is an unsecured starter card that reports to all three bureaus and needs no deposit, which makes it a sensible landing spot if you want a real credit line without a Schwab account or a security deposit attached.
Aspire® Cash Back Rewards Mastercard
Aspire® Cash Back Rewards Mastercard
Aspire® Cash Back Rewards Mastercard. Prequalify* For Up To $1000 Credit Limit. No security deposit. Packed with great benefits, it’s designed to give you more flexibility—and purchasing power—along with up to 3% cash back rewards!** Good anywhere Mastercard is accepted, it’s the go-to card for any lifestyle.
Standout feature
Up to 3% cashback rewards
Fees
$49 to $175; after that $0 to $49 annually; - $60 to $159 annually billed at $5 to $12.50 per month after the first year.
Pros
No Deposit Required. Prequalify for up to $1000 credit limit
Cons
High APR. 25.74% to 36%, based on your creditworthiness.
Perpay lets you build credit through paycheck-based purchases that report to the three major bureaus, so it fits readers who would rather spread a purchase over predictable payroll deductions than manage a revolving balance.
Perpay Credit Card
Perpay Credit Card
Meet the only card powered by your paycheck. With automatic transfers from your paycheck, you can manage payments stress-free and build credit with ease.
Fee
$9/month plus $9 account opening fee
APR
Marketplace: 0% / Credit Card: 27.74% to 29.99% depending on your creditworthiness.
Minimum Deposit Amount
$0
Credit Check
No
Cashback
2% reward on purchases made in Perpay Marketplace
Benefit
2% rewards, no security deposit
Arro Card is another unsecured card aimed at thin-file or rebuilding applicants, with no security deposit and no hard pull at application, which makes it appealing if you are credit-shy and want to avoid a score ding just to see whether you qualify. These are not investing cards, but they get the credit-building job done without a brokerage requirement. Whichever route you choose, it helps to check your credit score for free before you apply so you know where you stand.
Arro Card
Arro Card
No deposit. No hard credit check. Start with up to $300 and grow your credit line to $2,500 by completing in-app tasks. Earn 1% cash back on gas and groceries — including Walmart and Target.
Standout feature
Unsecured — no deposit required
Fees
up to $60/ year
Pros
1% cash back on gas & groceries
Cons
Starting credit limit: $50–$300
Frequently Asked Questions
Can I still get a TD Ameritrade credit card?
No. TD Ameritrade was absorbed into Charles Schwab, and its accounts migrated during 2023 and 2024. The old TD Ameritrade branded card is not open to new applicants as of June 2026. The Schwab American Express cards are the current options for Schwab investors.
What replaced the TD Ameritrade Client Rewards Card?
The Schwab Investor Card from American Express is the closest match. It earns 1.5% cash back that is automatically deposited into your eligible Schwab account, has no annual fee, and is issued by American Express National Bank.
Do I need a Schwab account to get these cards?
Yes. Both the Schwab Investor Card and the Platinum Card for Charles Schwab require an eligible Schwab brokerage or qualifying IRA account. You can open a Schwab One brokerage account if you do not already have one.
How much is the annual fee on the Schwab cards?
The Schwab Investor Card has no annual fee. The Platinum Card for Charles Schwab has a $895 annual fee as of June 2026, offset by travel credits and benefits only if you use them.
Rates, fees, and terms can change. Confirm current details with Schwab and American Express before applying.
