FlyerTalk Forums - View Single Post - American Express to Partner with Schwab. Applications online 3.21.2016.
Old Oct 3, 2021 | 11:25 am
  #520  
gsxsilver
10 Years on Site
 
Join Date: Jun 2014
Posts: 207
Amex schwab redemption rate devaluation

Hi All,

Maybe this have been mentioned, but I couldn't find it. I got the schwab version of the plat a while back and recall the redemption rate was 1 point to 1.25 cent... until now. I have enough points stashed and am looking to cash out. Apparently the cash out rate is 1 to 1.1c now. 1,000 points get you $11.00. And 100,000 points yield $1,100.00. Wasn't sure if this devaluation was ever mentioned, but seems significant to me.
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