Comments on: Schwab Credit Card Review

By: Credit Card Chaser

Credit Card Chaser — Fri, 20 Nov 2009 04:36:09 +0000

I really like this card because of the full 2% cash back without having to hassle with different cash back percentages in different categories. I use a Visa with 1% cash back and an AmEx with 1% to 3% cash back right now but I have been thinking about getting this Schwab card.

By: Living Revocable Trust

Living Revocable Trust — Mon, 09 Nov 2009 02:41:47 +0000

I got my card a few months back and I have no trouble with it so far even after traveling to several countries. My only gripe is that many stores in Asia don’t accept credit cards unless you’re buying in a department store.

By: dan

dan — Tue, 08 Sep 2009 05:03:16 +0000

Very Sloppy and misleading calculator like Duke says.
I am thinking of getting the Schwab combined with AMex Blue Cash.
I put about 80-100k on cards each year.
I could give two $%^ about the prestige of the Platinum…I know what I make per year and can easily qualify but the idea of paying 450/yr for a card for an occasional benefit seems silly. why should I grab a 1% reward when there are better rewards out there.
Our family puts about 20G on the bill for groceries.
My planned strategy is to pay all groceries/gas on AMex Blue and take advantage of 5% back and then use Schwab at 2$ for everything else.
I Was looking at the Starwood versus Hilton AMex cards becasue I
I figure taking into account $6500 needed to get the 5% to kick in I will overall get about 2.2-2.4% back per year on the cards.

By: Duke

Duke — Wed, 22 Jul 2009 21:11:41 +0000

One other thing, this calculator assumes that you get the 5% cash back rewards for all 12 months when you actually only get each of the categories for 3 months out of the year. Also, you do not start collecting the full rewards amount until you reach $3,000 of annual credit card sales. I’m going with the Schwab account…way too many benefits to pass up. Also, I’m tired of the monitoring the points systems like the discover card. It’s annoying to keep track of what places qualify for each category. And, if I’m not mistaken, typically a department store like Wal-Mart is not included for the groceries category. Well, if you have to go somewhere else and you cost sensitive, then you’ll probably end up spending 5% more somewhere else that will activate your 5% cash back. Schwab is easy and clean.

By: Irv

Irv — Wed, 15 Jul 2009 18:05:33 +0000

I don’t see where “ask mr. credit card factored in Schwab’s no fee for using the card in other countries, where almost all others charge 3% for charges in other nations.

By: The Future of Rewards and Credit Vs. Debit | Ask Mr Credit Card's Blog

The Future of Rewards and Credit Vs. Debit | Ask Mr Credit Card's Blog — Wed, 27 May 2009 00:01:03 +0000

[...] in the store, but that doesn’t apply to most reward cards, except perhaps the phenomenal Schwab [...]

By: Bottomline

Bottomline — Mon, 27 Apr 2009 12:56:36 +0000

The bottom line is that the Discover and American Express cards are not accepted everywhere. I’ve had the cards rejected from so many restaurants, online retailers, county/city municipalities, vacation resorts, utility companies, etc that I can’t stand the cards. Once you factor in acceptance of cards, Visa cash rewards ends up just as high. If you don’t like carrying around multiple cards (or risk hurting your credit with multiple cards), then just choose one – Visa.

By: Mark

Mark — Tue, 24 Mar 2009 11:37:58 +0000

I applied for this card a couple months ago after hearing about it on a lot of the blogs…so far I’ve been pretty pleased. My first bill came in this month so I can’t comment too much on how easily the rewards are deposited.

My only complaint so far is actually trying to pay my bill. I’m a stickler for paying them as soon as they come in, and I wasn’t able to because I have to set up my bank accounts with their bill paying service, which takes a few days to verify the accounts.

By: Eric

Eric — Tue, 24 Mar 2009 06:52:58 +0000

I hear you have to have stellar credit to qualify. My score is around 730 so it’s not the top of the top. I wonder if I would get approved…