http://www-qa.schwab.com/public/schw...s/credit_cards
$100 annual credit for having $250k+ at Schwab, or $200 for having $1M+. Assets will be measured shortly after applying, and then once again each year.
MRs can be converted to cash deposits at Schwab at 1.25 cpp. (Not that many people here would actually do that...)
I'm going to go for it. I can try out Platinum perks for a reduced AF and maybe go for the proprietary Platinum when a better bonus is available.
Of course, a $250k balance could earn a $600 transfer bonus at a few other brokerages...I do like Schwab, though.