FlyerTalk Forums - View Single Post - Schwab Invest Visa? 2% cash back on everything? [Discontinued card]
Old Apr 16, 2010 | 1:48 pm
  #532  
josephstern
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Not looking good for this card. NYTimes has a bit about it today, in particular:

“The card was designed and modeled based on a very different economic environment than what we’re experiencing now after the financial crisis, in particular a change in people’s approach to using credit,” he wrote. “The economics of the program are being reviewed based on the current environment and usage patterns. For example, the majority of cardholders are not revolving credit.”
They just love that revolving credit.


http://bucks.blogs.nytimes.com/2010/...-credit-cards/
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