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mtl325
- Member
rated:
posted: Dec. 3, 2008 @ 11:48a 
For those who are getting the 48-72 hour decision window: Applied. Got the 48-72 hour pending statement. Decided to call to check up/amend my application because I put 0 for number of years in current residence and current employer (I switched jobs and moved within the last 6 months). Eventually got to a credit analyst who made an immediate approval for 15k. |
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DavidScubadiver
- Frivolous Member
rated:
posted: Dec. 3, 2008 @ 1:01p
I hate talking to people but can see that it could be useful to get the card. I don't REALLY want to open a schawb brokerage account as it will only encourage me to buy mutual funds which I always always regret doing. |
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fatweah
- Tired Member
rated:
posted: Dec. 3, 2008 @ 1:04p
Applied online and it says check back for the status in the next 15 minutes. Went back to the link schwab.com/creditcard that was given after application and it is the same credit card application page. No emails either. What's going on? |
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DavidScubadiver
- Frivolous Member
rated:
posted: Dec. 3, 2008 @ 1:05p
right hand side of the application page has a link for checking status of application. |
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DavidScubadiver
- Frivolous Member
rated:
posted: Dec. 3, 2008 @ 1:12p
I called they said the application is in and if they need any further information they will be in touch (in response to my question of whether I could provide any further information to move things along). A 2% spending card would be very nice. I hope its not a pain to get the money out of a schwab one account... I assume ACH will work to get it out. |
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kaizer113
- New Member
rated:
posted: Dec. 3, 2008 @ 4:09p
Schwab ONE says
"open the account that lets you:
- Invest easily in stocks, bonds, CDs, options and thousands of no-load, no-transaction-fee mutual funds— or select a single portfolio solution.
- Get stock trade commissions as low as $8.95....
"
so it seems I can invest my Cash Back into bonds for free? and there are fees only for trading stocks? I don't see the $25 transfer of all assets out fee. can someone confirm? "Once my cash rewards are deposited into my Schwab One account, can I access the cash?
Yes. You may withdraw the cash at any time or invest it." |
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BLTLSOH
- Member
rated:
posted: Dec. 3, 2008 @ 4:18p
According to the rep I spoke with, there is no fee to ACH funds out, and they will provide an ATM card/checks for no fee (yes, this is the brokerage account, not checking account) at no fee. EDIT - I have not been able to verify the part about the ATM card/checks on their site yet - I'm hoping the rep didn't just "not mention" you need a checking account. |
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honkyhero
- Happy Member
rated:
posted: Dec. 3, 2008 @ 4:24p
Thanks guys instant approval 16K |
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DjPiLL
- Senior Member - 2K
rated:
posted: Dec. 3, 2008 @ 4:33p
Ahhhh sweet timing for this since I just launched my wife's AOR today. I want to apply for a card for her. But quick question. If she gets approved, can I then add myself as an AU and get my own card? I have 80k in personal debt from AOR, but wife currently has zero. Chances of my wife being approved for this card can't be any higher. But I want a card for myself. Should I just do a joint application? Or should I get her card first then add me later? |
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DjPiLL
- Senior Member - 2K
rated:
posted: Dec. 3, 2008 @ 4:53p
Bleh... I just decided to apply under her name and I added myself as an AU in the application since it didn't ask for my SSN. My Experian is frozen anyways so they won't be seeing any of my current debt if they decide to pull an EX anyways. Deferred response so i'll check back later. I already applied for a BOA credit card in my wife's name and got a 15k instant approval today so maybe I am at max. |
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Treffen
- Senior Member
rated:
posted: Dec. 3, 2008 @ 6:04p
Thanks gotsmack, I already have a Schwab brokerage account, but I wasn't aware of this card for some reason. It's far better than the Schwab card I already have and don't use. A few clicks and they pre-filled the form, gave me an instant approval for 13k and as soon as the card arrives I'm all set to go. It couldn't have been any easier. |
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MikeR397
- Senior Member - 2K
rated:
posted: Dec. 3, 2008 @ 6:46p
DjPiLL said:Ahhhh sweet timing for this since I just launched my wife's AOR today. I want to apply for a card for her. But quick question.
If she gets approved, can I then add myself as an AU and get my own card? I have 80k in personal debt from AOR, but wife currently has zero.
Chances of my wife being approved for this card can't be any higher. But I want a card for myself. Should I just do a joint application? Or should I get her card first then add me later?Apply as AU, AU's credit reports are not pulled. (hence them not taking your social). |
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BLTLSOH
- Member
rated:
posted: Dec. 3, 2008 @ 7:12p
Since the money is going into a brokerage account, how is it counted for tax purposes? |
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Glitch99
- Senior Member - 5K
rated:
posted: Dec. 3, 2008 @ 7:15p
BLTLSOH said:Since the money is going into a brokerage account, how is it counted for tax purposes?The same as it going anywhere else - as a rebate reducing the price of the items bought/paid for with the card. |
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draco067
- Member
rated:
posted: Dec. 3, 2008 @ 7:48p
Wheeee instant approval for 16k CL, painless brokerage account opening - thanks FW! this is my new favorite, for sure. |
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Stin
- Member
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posted: Dec. 3, 2008 @ 8:59p
Called and talked to analyst. Was able to get my old Schwab card cl transferred to this one. |
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fatweah
- Tired Member
rated:
posted: Dec. 3, 2008 @ 9:02p
Any promotion for signing up a Schwab One account? I guess it's better to apply the card and the brokerage account at the same time since they will pull the credit in both cases. |
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JAGLUR
- Member
rated:
posted: Dec. 3, 2008 @ 9:27p
Glitch99 said:BLTLSOH said:Since the money is going into a brokerage account, how is it counted for tax purposes?The same as it going anywhere else - as a rebate reducing the price of the items bought/paid for with the card. Clear answer! I was about to ask this question, too. Thanks! |
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germanpope
- Frivolous Member
rated:
posted: Dec. 3, 2008 @ 9:29p
just FYI: the original Fidelity college savings FIA card is 2% (with the market the way it has been --- my 2% is now 1% lol!) |
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