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2% credit card- Charles Schwab Visa in: Subjects › Discussion

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alert mods    
rated:
   posted: Dec. 2, 2008 @ 8:13a

So this is unrelated to the MBNA-based Schwab card that I have that survived after BofA took over? This seems like a much better card!


alert mods    
rated:
   posted: Dec. 2, 2008 @ 9:15a

Wow I already have a Schwab Visa CC that I've never even used. This looks much better, think they'll convert my old card to this one?

***EDIT***

Nevermind, checked the FAQ. You can't switch from the old WorldPoints card to this, but you can apply for this as well and have both open. Which I did

Message edited by: Frolet on 2008-12-02 09:21:37 CST
alert mods    
rated:
   posted: Dec. 2, 2008 @ 9:23a

Frolet said:Wow I already have a Schwab Visa CC that I've never even used. This looks much better, think they'll convert my old card to this one?

I don't think so - the old Schwab Visa is a MBNA-BofA product. This seems to be through FIA.

Seems like the best way to go for this card is to sign up for a High Yield Investor Checking (1.5% APY, no fees, no minimum) -
link

They say "free checking comes with a Schwab One® brokerage account", so I'm not sure if you get that brokerage account as part of the signup. Anyway, once you have the brokerage account you can get the 2% from the Visa.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 9:25a

Whoops - FIA is owned by BofA. Didn't know that. So I'm not sure if you can convert, I'd like to know too. I may call and ask.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 9:33a

Thank you for submitting an application for a Schwab Bank Invest First™ Visa® credit card. Your business is appreciated and careful consideration is being given to your request, but an instant decision cannot be provided at this time.

You can check the status of your credit card application on schwab.com/credticard. Please give us 15 minutes to review your application before checking the status.

All credit card applicants will receive a written response within the next 30 days.

Next Steps. If you do not have a Schwab One® brokerage account, please apply for your brokerage accoung after you receive your credit card decision. Call us at 877-713-8381 or go online to open a Schwab One brokerage account to receive your cash rewards.

If you would like to continue opening your Schwab One acount at this time, apply now.

The Schwab One brokerage account has no monthly service fees, no minimum balance requirements, low-cost trading, plus 24/7 online and customer support.

Eta: Just go back to the original application page and use the right hand pane's "Application Status" link, as the web page they direct you to above, does not exist. They told me to check back in 48-72 hours (I have credit problems with so many inquiries).

Message edited by: DavidScubadiver on 2008-12-02 10:09:12 CST
alert mods    
rated:
   posted: Dec. 2, 2008 @ 9:49a

I want to sign up for the card, and the checking, and the brokerage. Anyone know if signing up for the checking automatically gets me a brokerage account, as that statement I quoted above implies? Or do I have to apply for both? Just asking for anyone's previous experience.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 9:51a

I guess this answers my own question. For anyone who wants to sign up for the brokerage + checking, this link has the info:
link


alert mods    
rated:
   posted: Dec. 2, 2008 @ 9:55a

This looks like a great card to go along with my other 10 Schwab accounts. Anyone know how good the Quicken downloads will be with this card?


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   posted: Dec. 2, 2008 @ 9:58a

Thanks OP for a great deal! I am a longtime Fidelity customer and will continue to use their products/services, but we travel outside the US a lot and this was too good to pass up!

I applied online and was approved in about two minutes, w/ a very good CL. There's a Schwab office a couple blocks away, I might stop by there to set up the brokerage/checking accts.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 10:28a

DavidScubadiver said:Thank you for submitting an application for a Schwab Bank Invest First™ Visa® credit card. Your business is appreciated and careful consideration is being given to your request, but an instant decision cannot be provided at this time.

You can check the status of your credit card application on schwab.com/credticard. Please give us 15 minutes to review your application before checking the status.

All credit card applicants will receive a written response within the next 30 days.

Next Steps. If you do not have a Schwab One® brokerage account, please apply for your brokerage accoung after you receive your credit card decision. Call us at 877-713-8381 or go online to open a Schwab One brokerage account to receive your cash rewards.

If you would like to continue opening your Schwab One acount at this time, apply now.

The Schwab One brokerage account has no monthly service fees, no minimum balance requirements, low-cost trading, plus 24/7 online and customer support.

Eta: Just go back to the original application page and use the right hand pane's "Application Status" link, as the web page they direct you to above, does not exist. They told me to check back in 48-72 hours (I have credit problems with so many inquiries).
I'm pretty much in the same boat. I'm really hoping I can get this card as I'm worried my Countrywide Visa 2% will end any time. If not I'll apply through the wife but she doesn't always enjoy me applying for cards for her all the time (AORs, etc).

I already have a Checking and Brokerage account (the checking account is great, I've been using it for close to a year).

Message edited by: ngreen on 2008-12-02 10:28:46 CST
alert mods    
rated:
   posted: Dec. 2, 2008 @ 11:00a

bobopig1 said:"And no annual fee or foreign exchange transaction fees."IIRC, they do pass along MC or VISA's 1% FOREX fee.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 11:01a

DavidScubadiver said:Thank you for submitting an application for a Schwab Bank Invest First™ Visa® credit card. Your business is appreciated and careful consideration is being given to your request, but an instant decision cannot be provided at this time.

You can check the status of your credit card application on schwab.com/credticard. Please give us 15 minutes to review your application before checking the status.

All credit card applicants will receive a written response within the next 30 days.

Next Steps. If you do not have a Schwab One® brokerage account, please apply for your brokerage accoung after you receive your credit card decision. Call us at 877-713-8381 or go online to open a Schwab One brokerage account to receive your cash rewards.

If you would like to continue opening your Schwab One acount at this time, apply now.

The Schwab One brokerage account has no monthly service fees, no minimum balance requirements, low-cost trading, plus 24/7 online and customer support.

Eta: Just go back to the original application page and use the right hand pane's "Application Status" link, as the web page they direct you to above, does not exist. They told me to check back in 48-72 hours (I have credit problems with so many inquiries).

Do you have AOR money? How much? Since when?
i am in the same predicament


alert mods    
rated:
   posted: Dec. 2, 2008 @ 11:02a

welookgoodcom said:Here's a $50 bonus that expired last year.
https://promo.schwab.com/AD046/AD046Home.asp?campaign=ccop06&mp=...DO NOT USE THIS. It is a different card.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 11:05a

Any current bonuses for opening a Schwab brokerage account ??

Message edited by: xoneinax on 2008-12-02 11:13:51 CST
alert mods    
rated:
   posted: Dec. 2, 2008 @ 11:19a

Does anyone know if this has MBNA (FIA) billpay?


alert mods    
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   posted: Dec. 2, 2008 @ 11:29a

Pyro, while I do not do the AOR bit, I do collect 0% money. It fluctuates between 150 and 200k.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 12:18p

Thanks OP. Been looking for another good daily use CC.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 12:21p

oopsz said:Wow.

Finally, a card that beats the 1.5% fidelity rewards visa. This is momentous.

chase has had the countrywide visa for a year now with flat 2% CashBack also.


alert mods    
rated:
   posted: Dec. 2, 2008 @ 12:23p

Applied - waiting on decision

Also: the application status link works fine for me


alert mods    
rated:
   posted: Dec. 2, 2008 @ 12:48p

Wow, I am impressed that this does beat the Fidelity 1.5% Visa Signature card. I wonder if Fidelity will attempt to match this percent credit.


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