Comments on: Schwab Invest First Visa: Get In Before The Door Closes

By: TFB

TFB — Tue, 21 Sep 2010 18:01:17 +0000

@Ari, @Stuart - The optimist in me says FIA will migrate the Schwab card accounts to its new 2.5% cashback Bankamericard.

By: Stuart Weissman

Stuart Weissman — Tue, 21 Sep 2010 17:04:35 +0000

Wow…shouldn’t be long before the Amex Blue Cash Rewards card gets decimated. I’m already finding that less and less business are taking AMEX these days. Even the Seatlle Transit does not take it.

By: Ari Weinberg

Ari Weinberg — Tue, 21 Sep 2010 16:41:48 +0000

Looks like this card transfers back to FIA Card Services at the end of the month…good bye 2% and 0% international fees!

By: Cour

Cour — Wed, 24 Mar 2010 22:58:35 +0000

I spoke to my contact at the local Schwab office today. He said they will cease to accept applications for this Visa on March 31. That motivated me to apply and the csr on the phone confirmed this date.

This is a great website, my favorite of all the financial blogs.. I like the ‘low-signal-to-noise’ approach of fewer articles of higher quality.

I regularly click on the google ads & follow them through a click or two..

By: ALC

ALC — Sun, 28 Feb 2010 16:29:27 +0000

Hi, Just wanted to say a big THANK YOU for keeping your links to the Schwab Invest First Visa appplication current. I was thinking about this card for several months, I finally decided to apply, but many links on other websites are not working. It may mean the end is near for this great offer. I just applied using the links on this site and it said I was accepted, Hope they do not stop the 2% cash back before I get the card!

By: SDer

SDer — Fri, 05 Feb 2010 18:51:45 +0000

Thanks TFB, so basically no fees or even maintenance activity (like making a trade) is required, correct?

I am also looking into the Fidelity one (AMEX) because I already have a Fidelity account, do you think the Schwab is a lot better than the Fidelity one? You seem to know a lot.

By: TFB

TFB — Thu, 04 Feb 2010 22:19:16 +0000

SDer – The brokerage account does not require any minimum balance or minimum activity. You can just have the cashback sit here until you transfer it to your local credit union account.

By: SDer

SDer — Thu, 04 Feb 2010 21:51:25 +0000

So I need to open a brokerage account with them.. but I have no idea how to invest or anything. Do I have to have any money in this account or can I just have the cashback sit here until I transfer it to my local credit union account? Thanks so much.

By: Stu

Stu — Tue, 02 Feb 2010 20:40:04 +0000

Ugh. Citi did not extend the promotion so now I am on to the Amex Blue Cash card. After the initial $6500, I’m back to the 5% back. Luckily, this one doesn’t expire.

I do like the international conversion at 1% on the Schwab card. I suppose, I’ll use the Schwab card for all purchases except for Grocery, Gas and Pharmacy once I hit $6500 on my Amex.

Excellent advice as usual here.

By: Linda

Linda — Tue, 02 Feb 2010 20:29:16 +0000

One feature of the Schwab Invest First Card, as well as Schwab debit cards, that has been overlooked is the price protection feature. Fidelity does not offer this feature because it is just a gold card. Price protection allows one to purchase locally and the coverage will pay the price difference if the cardholder finds a cheaper price. We have saved hundreds of dollars in less than 1 year.