FlyerTalk Forums - View Single Post - Schwab Invest Visa? 2% cash back on everything? [Discontinued card]
Old Dec 9, 2008, 11:09 am
  #13  
DoubleJ
 
Join Date: Nov 2003
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Originally Posted by Happy
You HAVE to open a brokerage account in order to open the card. Cannot have the card by itself.
According to the Schwab Bank Invest First card website FAQs:
What if I don't have a Schwab One brokerage account? Do I need to open a Schwab One account to have this card?
Opening a Schwab One account is not a prerequisite to apply for a Schwab Bank Invest First card. However, to receive your 2% cash back rewards, you must link an eligible Schwab One account to your card. If you do not have a Schwab One brokerage account, apply for the Invest First card today. Once approved, open a Schwab One brokerage account to receive your 2% cash back.
Still, as you point out, it would only really be a good deal if one intends to keep a Schwab brokerage account (as there's no other way to get the 2% rebate without it). Thanks for the reply, Happy.
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