Originally Posted by
DoubleJ
The card I can easily open, and then cancel if necessary. The account not so easy. Is there any other incentive for opening a Schwab One account?
If you have SchwabOne, you can also open a free Schwab High Yield Investor Checking account, which is probably the best online checking account out there today. No minimum balance requirement, no foreign exchange fees, unlimited third party ATM fee rebates, they provide free postage-paid deposit envelopes for mailing in deposits, they pay for checkbook refills, and they still pay interest (currently 1.5%APY) on your balance.
And you don't have to use the SchwabOne account. If you have the investor checking account, there are no minimum balance/fee/trade requirements for the SchwabOne (you can just leave it empty except as a place for the credit card rebates to land until you xfer them out).