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Worth hard pulls for Schwab's cash back card? (AMEX & Chase downsizing their rewards now)

New Contributor

Re: Worth hard pulls for Schwab's cash back card? (AMEX & Chase downsizing their rewards now)


Eiso wrote:

 

I'm assuming I have a 700+ EX for sure, by kind of looking at my FAKOs (I know, I know) and the one I got from CreditKarma yesterday. I guess I have perfect history since I have never missed one payment ever. I intentionally changed back to <10% utilization ratio since I learned that 0% is not as good as <10%. I have done 0% all along from 2004-2007 that kept me around 720 FICO. No relationship with BofA at all. I guess I'll go to a Schwab branch and talk to a banker and see how it goes.

 


 I'm not sure how much a Schwab branch can tell you. The card is underwritten and serviced by FIA(BofA).

 

I was actually initially denied for the card, recon'd and was approved. While the questions of those credit analysts are quite intense and intrusive, I have had good experiences thus far.

Message 11 of 14
Contributor

Re: Worth hard pulls for Schwab's cash back card? (AMEX & Chase downsizing their rewards now)


mrdrum18 wrote:

Eiso wrote:

 

I'm assuming I have a 700+ EX for sure, by kind of looking at my FAKOs (I know, I know) and the one I got from CreditKarma yesterday. I guess I have perfect history since I have never missed one payment ever. I intentionally changed back to <10% utilization ratio since I learned that 0% is not as good as <10%. I have done 0% all along from 2004-2007 that kept me around 720 FICO. No relationship with BofA at all. I guess I'll go to a Schwab branch and talk to a banker and see how it goes.

 


 I'm not sure how much a Schwab branch can tell you. The card is underwritten and serviced by FIA(BofA).

 

I was actually initially denied for the card, recon'd and was approved. While the questions of those credit analysts are quite intense and intrusive, I have had good experiences thus far.


True. I went to the local branch and they could not tell me anything but handing me some brochures and application forms. They told me to call the 1-800-NUMBER. I called and was given nothing but some wait time until I was transferred to the credit card department where the call was dropped. I'm gonna call them back later on the day.

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FICO pulled by loan officer on 8/3/2009
EQ: 724
EX: 740
TU: 742
Message 12 of 14
Valued Contributor

Re: Worth hard pulls for Schwab's cash back card? (AMEX & Chase downsizing their rewards now)

You can open a Schwab Visa and a Schwab One account at the same time. I like this card. 2% back, 0% FETF, swept monthly so you don't have to reach a threshold before your rewards vest.
Message 13 of 14
New Contributor

Re: Worth hard pulls for Schwab's cash back card? (AMEX & Chase downsizing their rewards now)

Eiso - did you ever find out any more information about this?

 

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5/31/09 - 736 - EQ
Message 14 of 14