2% credit card- Charles Schwab Visa ** Card is dead**

My old Schwab card number remained active after the conversion to privileges. I know this because I got a fraud call from WalMart in the beginning of December that someone was attempting to purchase a WalMart egift card with the wrong name, but my address on the old Schwab card that ended in 9811. So yes it appears that someone definitely stole some of the old Schwab numbers after they were deactivated. Now my bonus points on my first statement from bank of america are not showing up... First CSR tried to tell me that they will take 10-12 weeks after the end of the promotion to post to my account. Still on hold lol boa csr suck.

lithalum said:   I understand that it's PITA to do phone payment, etc. etc. However, given the issues people raised in this thread, why would anyone still try to do ACH pull or phone payment to take the risk? Is it true that some of the folks do not get the new BofA credit card statement since the transition?

I got the 'new' paper statement (quoting because it looks pretty much the same as FIA) from BofA, do ACH push (more accurately, billpay) from a non-BofA bank, and voila! My bill was paid. Note that I was also denied online access for a few weeks or so.

Of course I can't speak for others who are paperless and use "pull" payments from their bank or brokerage, but I now use them almost exclusively. I am sometimes on the road for two or three months at a time and I can't always rely on Internet or phone access. ACH full balance pulls allow me to have my bills paid on time while I'm out of touch. If there is a screw-up (which has not yet happened to me) I can straighten it out when I get back to a computer or phone.

Now that's how it has worked since I stopped "pushing" ACH payments from a billpay account a couple of years ago. It remains to be seen if Bank of America, the largest financial institution in the free world, can get its act together and actually pull a routine ACH payment from my brokerage account accurately and on a timely basis. If not, I won't let BOA's ineptitude keep me from using a perfectly good system. There are way too many other credit card issuers who do an excellent job.

I'm still waiting for my CashBack for Nov to post in the brokerage account and then I need to figure out what to do with the account. Schwab charges a fee if you don't have a minimum balance of $1000. I only have a few hundred so I may need to transfer money into avoid any fee.s Does anyone know if we are grandfathered in for no fees?

My card's apparently been hit too with fraudulent authorizations. Several low $ transactions (< $3.00). PITA - had to close that card down - awaiting a replacement. Something smells fishy given the other anecdotal reports here of similar fraud activity.

willworkfordeals said:   I'm still waiting for my CashBack for Nov to post in the brokerage account and then I need to figure out what to do with the account. Schwab charges a fee if you don't have a minimum balance of $1000. I only have a few hundred so I may need to transfer money into avoid any fee.s Does anyone know if we are grandfathered in for no fees?

The $1000 minimum you are thinking about was for the opening balance - that was waived with this card. Once open, there are no maintenance fees for the brokerage account. This is described at http://www.schwab.com/public/schwab/investing/pricing_services/fees_minimums

Been sorting through this thread, but can't find an answer on this one: Is it still a Signature card? My new Cash Rewards cards don't say Signature on it, so I'm kinda bummed if I lost some of those benefits.

For a 10.75 Euro purchase on my BoA Cash Rewards card, Paypal conversion was to be $14.33 while it was $14.09 on the BoA card (pending authorized amount was $14.18). Does that confirm no forex fee for converted Schwab cards?

Oh, well guess what the geniuses at BOA did now?

So first they double debit my checking incorrectly taking two payments. So I have to request a refund. They issue a refund for my balance instead of the incorrect charge. Fine.

3 days later after speaking with a sup, there is a line item for the amount I actually authorized payment for saying "Payment return unpaid". Then, they slam me with a $20 return check fee since this amount apparently was not accepted by my bank or something like that.

A call to BOA (of course requiring a 5 min wait) tells me that the funds they tried to debit has a status of "unable to locate" so it was supposedly was never paid to BOA by my bank, hence the "unpaid" with the $20 fee. But the kicker, is my checking account shows these funds taken!!!

BOA claims I just need to wait 2-3 days to see if my finds show up.

I can't cancel this card fast enough...

Anyone else having trouble with accessing the rewards on the BOFA website?

I am just now setting up my web account, and this is the first time I've had the "pleasure" of using BOFAs website. I can navigate through most of it, but when I try to click over to anything about my rewards - my browser seems to get stuck loading, and eventually the site tells me it's been too long and kicks me off.

It's quite the PITA.

Anyway - I haven't been using the card, but got a mysterious $18(and change) credit on my most recent statement (credit is dated 12/2), listed as a "promotion statement credit". I think/hope/assume this has to do with signing up for the FIA 5% bonus last quarter? Did anyone else get this? I can't find any details that make sense online, and want to make sure it's really there before I go cash it out for an Amazon gift card.

Thanks.

I'm struck by the number of folks who report fraudulent use of their Schwab or ex-Schwab FIA cards. One has to wonder about their levels of security. I experienced two separate episodes with my ex-Schwab card. Over the last 18 years, I had only suffered from one instance of illicit use across ALL of my cards..........

This is just sort of funny. I have read several posts in this thread that the old Schwab card is still valid. Let me tell you my recent experience. Two days ago I ordered a few photos from the Costco website. Less than $2 total charge! What I didn't realize at the time was that I screwed up and forgot to update the card information that is stored in my profile at Costco. It was still the old Schwab card and expiration date.

Like many of you have reported, the old card worked fine. The order went through without a hitch. Then yesterday I tried to use my new BOA card at the grocery store and it wouldn't work. Yep. They blocked the new card. When I got home I called and after a five minute wait, talked to a very friendly person who didn't know anything about the background, but was able to unblock my card.

So guys, use the old card at your own peril.

Jeep

So where did most people switch too?

charlie2nd said:   I can see the 3x holiday purchase points awarded. But I'm not seeing the 3x new customer points. Is anyone getting these yet?I think I got the Privileges 4.5% rebate (3X) on my grocery, Drugstore and restaurant purchases. But my account wasn't switched to Privileges until part way through the statement period, so it's difficult to say. My statement only states total "bonus reward", so I can't say for certain which purchases to attribute them.

Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

brainpain said:   Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

Yep; I was just going to post the same thing.

Incompetence, thy name is BOA.

reptilian said:   brainpain said:   Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

Same here. Identical card number, identical CVV on the back. I'll just put it in my sock drawer I guess, not even sure if I need to activate it.

I got a new card yesterday too. The only difference I could find is that the new ones have "signature" on the bottom right corner under the VISA logo. Perhaps that's why they resent all the new cards to us with the same CC & CVV numbers and expiration date.

jgh12 said:   reptilian said:   brainpain said:   Errr... did anybody else receive a second card, for no apparent reason? Just came in today's mail... I didn't request, and I've already activated the first card they sent. (It has the same cc number as the first one, so it wasn't a fraud re-issue.)

Same here. Identical card number, identical CVV on the back. I'll just put it in my sock drawer I guess, not even sure if I need to activate it.

I got a new card yesterday too. The only difference I could find is that the new ones have "signature" on the bottom right corner under the VISA logo. Perhaps that's why they resent all the new cards to us with the same CC & CVV numbers and expiration date.That's a good catch - I didn't notice that. After checking the card further, there is a new toll free number on the back of the card now and when you call it, it references Visa Signature.

mapen said:   charlie2nd said:   I can see the 3x holiday purchase points awarded. But I'm not seeing the 3x new customer points. Is anyone getting these yet?I think I got the Privileges 4.5% rebate (3X) on my grocery, Drugstore and restaurant purchases. But my account wasn't switched to Privileges until part way through the statement period, so it's difficult to say. My statement only states total "bonus reward", so I can't say for certain which purchases to attribute them.

You can go online, under your account-> reward->view point history-> find the correct bill period, it will show if you earn bonus or not on each transaction.

I didn't get 3x on grocery etc either.

lonestarguy said:   It is all my fault. I called to complain two weeks ago that they promised me a signature card, and others as well, and only sent a regular one and they hurt my feelings. They just had to listen to me and send all new ones out.
Hahaha. I wonder if BofA is actually more responsive than we give them credit for.

A couple of months ago when the Privileges Reward site came online, I criticized them here for having such a low security signon method. A week later, when I went to the site I see this big popup saying "Your sign in process is changing soon."

iUSB said:   mapen said:   charlie2nd said:   I can see the 3x holiday purchase points awarded. But I'm not seeing the 3x new customer points. Is anyone getting these yet?I think I got the Privileges 4.5% rebate (3X) on my grocery, Drugstore and restaurant purchases. But my account wasn't switched to Privileges until part way through the statement period, so it's difficult to say. My statement only states total "bonus reward", so I can't say for certain which purchases to attribute them.

You can go online, under your account-> reward->view point history-> find the correct bill period, it will show if you earn bonus or not on each transaction.

I didn't get 3x on grocery etc either. Thank you, iUSB, for that tip. I clicked that link before but it didn't have any data before, but now I am able to see the 4.5% rebate (3X bonus) on grocery, Drugstore, restaurant, and travel. Attached is a shot of the what the bonus looks like in the rewards section. If you're not getting yours, should contact CSR, good luck.