cancel
Showing results for 
Search instead for 
Did you mean: 

Schwab Brokerage Account questions

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Moderator

Re: Schwab Brokerage Account questions


@tacpoly wrote:

I’m a minimalist when it comes to number of accounts so I’m wondering if you already have an account with Fidelity, why do you want one with Schwab?  They pretty much offer the same things as far as I know. 

 


Having an account(s) with Schwab also makes one eligible for the Schwab Platinum Amex, which many around here are interested in.

Message 11 of 41
Senior Contributor

Re: Schwab Brokerage Account questions


@UncleB wrote:

@tacpoly wrote:

I’m a minimalist when it comes to number of accounts so I’m wondering if you already have an account with Fidelity, why do you want one with Schwab?  They pretty much offer the same things as far as I know. 

 


Having an account(s) with Schwab also makes one eligible for the Schwab Platinum Amex, which many around here are interested in.


Logging into Fidelity can also be tricky if the market suddenly drops 1% or 2%. Everyone wants to check their stocks, so the effect is like that of a DDoS attack.

 

That said, my sample size for Schwab login attempts at volatile times is fairly small, so I can't say Schwab isn't as susceptible, or that Fidelity hasn't recently made some improvement.

Most spend: CSR, CFU, BBP
Rewards/AAoA ballast: CF, Discover, Costco, ED, Arrival
Perks: Schwab Platinum, IHG49, Hyatt75, Brilliant, Delta Platinum
Potential closures/downgrades: Savor, BCP, Double Cash
Message 12 of 41
Regular Contributor

Re: Schwab Brokerage Account questions

It was a HP for sure, probably EQ.

 

This is my only brokerage account and I think it's amazing tbh. I got it to get their checking account which has the best debit card IMHO.

 

Just make sure you get it with a referral to get the 100$ Smiley Happy

Amex Gold (NPSL); Charles Schwab Investor (27.6k); PNC CR (17.5k); HSBC Premier WEMC (11K); Amex BBP (9k); AEO Visa (8k); GAP Visa (8k); HSBC Advance (7.5k); B&H Payboo (6k); Amazon Store (6k); PNC Premier Traveler (5k); Discover It (4.2k); Nordstrom Store (4k); Macy's Store (3.5k); Apple Card (2.5k); Discover It (1.5k); Delta Platinum (1.4k); Amex Everyday (1k); BofA CR (1k); Citi TYP (1k); TJX Store (0.8); Deserve Edu (0.5k)
Started collecting cards: Oct/2018
Apr/2019 (first FICO): EX 713; TU 703; EQ 730
Inquiries: EX (24); TU (23); EQ (15)
Message 13 of 41
Regular Contributor

Re: Schwab Brokerage Account questions

The referral has been changed. It now requires deposit for tiered bonus. HP EQ in June, opened checking and saving combo w/ 1 HP.
Citi DC $6.4K | Kohl's $2.5K | Cap1 Platinum Rewards/QS $2K | Target Redcard $1.8K | Dick's Scorerewards $10K | Amex BCE $1K | Amex ED $10.2K | Amex Schwab Platinum NPSL | WF CashWise VS $9K | Discover IT $4.8K | Disco IT Miles (#2) 2K | Citizen's Bank Cashback Plus WMC $9.7K | Fidelity Rewards VS $2.5K | USBank Cash+ VS $2.5K | Cap1 Savor 16K | BBT Spectrum Cash Rewards VS 7.5K | BBVA ClearPoints 7.5K | Scores 8-17-19 EX 736 | TU 744 | EQ 770
Message 14 of 41
Moderator

Re: Schwab Brokerage Account questions


@UncleB wrote:

@tacpoly wrote:

I’m a minimalist when it comes to number of accounts so I’m wondering if you already have an account with Fidelity, why do you want one with Schwab?  They pretty much offer the same things as far as I know. 

 


Having an account(s) with Schwab also makes one eligible for the Schwab Platinum Amex, which many around here are interested in.


@UncleB you read my mind so well Smiley Tongue.  Long term plan

Message 15 of 41
Moderator

Re: Schwab Brokerage Account questions


@CreditCuriosity wrote:

@UncleB wrote:

@tacpoly wrote:

I’m a minimalist when it comes to number of accounts so I’m wondering if you already have an account with Fidelity, why do you want one with Schwab?  They pretty much offer the same things as far as I know. 

 


Having an account(s) with Schwab also makes one eligible for the Schwab Platinum Amex, which many around here are interested in.


@UncleB you read my mind so well Smiley Tongue.  Long term plan


Great minds think alike!  Smiley Very Happy

 

I actually have this in mind as an 'exit strategy' if I ever decide that MRs just don't/can't work for me and I need a way to exit the ecosystem.

Message 16 of 41
Established Member

Re: Schwab Brokerage Account questions

Schwab did a hard pull when I opened a brokerage and checking account with them in 2006. A decade later, when I opened an Intelligent Portfolios account with them, they did another hard pull. I find this practice annoying. Other brokers don't do this.



Message 17 of 41
Moderator

Re: Schwab Brokerage Account questions

So unfrooze my CRAs all of them for the weekend to open the Schwab brokerage account.  Was suprised it wasnt instant approved, not sure if this is normal just did a transfer of initially $25 to open it then will shift more money over to it when fully approved.  Have other people ran into the following "pending" message recently opening just a brokerage account, found it a bit strange...Chatted with them and they said it is normal and should be lifted within one business day, we shall see..Also not sure if they did a SP or HP yet on EQ as have no real time monitoring on that CRA and CK doesnt refresh till monday.  Hopefully they got it as the freeze goes back on sunday night

 

Screen Shot 2019-09-28 at 8.48.41 AM.png

 

 

Message 18 of 41
Community Leader
Mega Contributor

Re: Schwab Brokerage Account questions

@CreditCuriosity   CK has real time data as far as EQ HP goes. If it's not there, it hasn't happened, or at least not yet. 

EX 759 EQ 774 TU 753


Message 19 of 41
Moderator

Re: Schwab Brokerage Account questions


@Remedios wrote:

@CreditCuriosity   CK has real time data as far as EQ HP goes. If it's not there, it hasn't happened, or at least not yet. 


@Remedios you are correct check CK no hp on EQ also back doored into EQ and no HP or SP from them.. Strange.  Might need to extend my security unfreeze until wednesday to be safe?  as known to use EQ.

Message 20 of 41
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.