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@wasCB14 wrote:There seems to be a bit of guessing, uncertainty, and speculation in this thread.
I have a Schwab brokerage account, a Schwab checking account, and a Schwab Platinum charge card. I'd be happy to answer any questions people still have.
If I don't know the answer to a question, it's probably something I didn't read about or think to ask Schwab or Amex (but probably should find out, too).
I have a question on the HPs if you know the answer, some clarification would help.
I got schwab brokerage this year when the changed their commissions and it was a HP on Equifax for a fact.
I've tested them out, and am considering opening an IRA with them and even a checking account.
If you know the answer (and I can confirm the HP on Equifax for new customers of Schwab One Brokerage), would I get another HP for the IRA and the checking account? Is it only a SP? Is the any pulling hard or soft. You're correct, there is guessing and speculation on this thread. Thanks
@Anonymous wrote:
@wasCB14 wrote:There seems to be a bit of guessing, uncertainty, and speculation in this thread.
I have a Schwab brokerage account, a Schwab checking account, and a Schwab Platinum charge card. I'd be happy to answer any questions people still have.
If I don't know the answer to a question, it's probably something I didn't read about or think to ask Schwab or Amex (but probably should find out, too).
I have a question on the HPs if you know the answer, some clarification would help.
I got schwab brokerage this year when the changed their commissions and it was a HP on Equifax for a fact.
I've tested them out, and am considering opening an IRA with them and even a checking account.
If you know the answer (and I can confirm the HP on Equifax for new customers of Schwab One Brokerage), would I get another HP for the IRA and the checking account? Is it only a SP? Is the any pulling hard or soft. You're correct, there is guessing and speculation on this thread. Thanks
What I got was no pull when I opened the brokerage account, and a SP on Equifax (according to my full credit report directly from Equifax) when I later opened the checking account. However, Credit Karma thought it was a HP.
Either my case was unusual, or Schwab's practices have changed. I don't know what current SP/HP practices are. The best advice I can give about this is to not do something (opening a new asset or credit account, asking for a CLI, whatever) if a HP would be a problem. Any time a pull practice changes, some people are going to be hit with unexpected HPs.
@Anonymous wrote:
I can't speak to whether they changed their practice as I'm a new client this year. But with certainty with my real report directly from Equifax, it was a HP. It is in the account agreements that they can pull so I expected it to be a HP but reading this thread they don't seem to be consistent and/or changed. Thanks for your feedback.
Afa the OP, I wish this card was 2% CB like Fidelity's. I like Schwab but my current cards fit me well. I wouldn't mind applying for 2%
I understand, and I'm not surprised the 1.5% card isn't very popular on here.
The brokerage account requirement makes it a bit of a hassle for bonus chasers and purchase-protection-seekers vs. other Amex cards.
1.5% isn't very interesting for cash back maximizers.
Amex loyalists will generally go for something with premium perks, travel rewards, or premium service.