No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
There is no minimum balance requirement if you open a Schwab Invest First Visa.
@Anonymous wrote:
@brother7 wrote:
@Anonymous wrote:
Keep in mind that, in order to make use of the rewards of the Schwab card, you need to have a brokerage account with them, which will incur its own costs.From Schwab.com, "There is no fee to open and maintain an account at Schwab." See this page.
No, but there are minimum balance requirements (except for retirement accounts), additional account requirements (depending on what account you choose) and potential other fees connected to this (I guess you want to do something with your required balance). It's not a bad card, if you actually want to use Schwab's main services.
@Anonymous wrote:
@brother7 wrote:
@Anonymous wrote:
Keep in mind that, in order to make use of the rewards of the Schwab card, you need to have a brokerage account with them, which will incur its own costs.From Schwab.com, "There is no fee to open and maintain an account at Schwab." See this page.
No, but there are minimum balance requirements (except for retirement accounts), additional account requirements (depending on what account you choose) and potential other fees connected to this (I guess you want to do something with your required balance). It's not a bad card, if you actually want to use Schwab's main services.
If you only have a Schwab One Brokerage account, there's a $1000 minimum balance requirement. However, from Schwab.com, "The minimum is waived if you open a Schwab One brokerage account with Schwab Bank Investor Checking™"
Schwab rewards get credited to the brokerage account, thus the name "Invest First". You can either:
I recommend NOT going for the Schwab card because they are part of FIA. The OP already has two BoA accounts, which are also FIA. It would be better to diversify by acquiring accounts from other banks.
@xelda wrote:I recommend NOT going for the Schwab card because they are part of FIA. The OP already has two BoA accounts, which are also FIA. It would be better to diversify by acquiring accounts from other banks.
Very good call! Never would have put together that Schwab is part of FIA. Duh! Thanks so much!
It's pretty much the best rewards you can get from an FIA account (Tied with the 2% Fidelity Cards).
@xelda wrote:I recommend NOT going for the Schwab card because they are part of FIA. The OP already has two BoA accounts, which are also FIA. It would be better to diversify by acquiring accounts from other banks.