Here are a couple useful comments left recently on my post titled All Ok with "Schwab" Visa? First one:
Schwabbankcreditcard.com also works and redirects back to https://www.ibsnetaccess.com/ where you can log into your card account.
Click on "REWARDS" and you can change where your 2% goes to any checking or savings account.
In other words, you can have the rewards deposited into an account other than a Schwab account. This certainly appears to be good news.
The second comment:
My first 2% cash back deposit posted to my personal checking account today. I'm happy.
Yes, this is good news...
Thanks for the update! I'm a huge fan of the Schwab 2% Rewards card.
Posted by: Robert | October 08, 2010 at 10:19 PM
This is why I read this blog. Due to some recent changes in my life, I have very little time to follow things like this as closely as I used to. I had been wondering what was going on with my card but never had time to do the research.
Thanks for the update!
Posted by: fka CPA Abroad | October 09, 2010 at 06:54 PM
People with the Schwab card get to keep it and its reward but they are no longer offering the card to new people. For people out there looking for another great card like this one I just ran across the Fidelity American Express with Amex card that offers a flat 2% cash back on all purchases. You only have to have like $3,000 in a fidelity investment account.
Posted by: Lance | October 10, 2010 at 11:31 AM
Has anyone else noticed that the points now round up or down on the dollar? Was this the set up under the Schwab card?
Posted by: Rahcel | October 25, 2010 at 12:54 PM