Earn Unlimited 2% Cash Back on Schwab Bank Invest First Visa Credit Card

David — Wed, 03 Dec 2008 11:00:03 +0000

I just mentioned the $50 bonus from ShareBuilder which is a online based brokerage company. Today I’m going to introduce the new credit card product from another broker—Charles Schwab. Charles Schwab is one of the largest discount brokers in the world. It’s generally believed that Schwab offers the same services as traditional brokerages but with lower commissions and fees than many other brokers.

Besides discount brokerage, the company offers a wide range of investment research, mutual funds, annuities, bond trading, and now checking and mortgages through its Charles Schwab Bank. The Schwab Bank High Yield Investor Checking Account is one of the best checking accounts online. It was rated at the Best Checking Account by Money Magazine in May 2008. Indeed, the rate offered by the Charles Schwab is really high—1.5% APY without balance requirement! Plus there is no minimum balance requirement for this account, and no monthly service fees associated with this account. Schwab will even reimburse you for any ATM fees charged by other banks. I strongly suggest you open a checking account at Charles Schwab for high interest rate they offered as a checking account. (This APY is also comparable to other savings accounts.)

The most exciting part is the new credit card product launched by Schwab recently. The name of the new card is Schwab Bank Invest First Visa Signature Card. The reason why I want to introduce the new credit card product is the excellent cash back program Charles Schwab Bank offered for this credit card.

You can get unlimited 2% cash back on this card without annual fees and minimum monthly purchase requirement. (The unlimited cash back is really a good choice for many eBayers.) Plus there is no foreign exchange fees associated with this credit card. The unlimited 2% cash back will deposited into your Schwab One brokerage account each month automatically.

If you already have a Schwab One brokerage account , you can apply for this credit card right away.

If you don’t have a Schwab One brokerage account yet, you can apply for the Schwab Bank Invest First Visa Signature Card first. Once you get approved for the credit card, you can open a new brokerage account at Charles Schwab.

You can also open a new credit card account by calling 866-724-9223, and use code FACYR4.

Please remember: to receive your 2% cash back rewards, you must have a Schwab One brokerage account (“Schwab One account”) linked to your Schwab Bank Invest First card.

MyCardBlog » Charles Schwab

Earn Unlimited 2% Cash Back on Schwab Bank Invest First Visa Credit Card

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