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Thread: Schwab vs Cash Magnet
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Old Jan 15, 2022 | 4:22 pm
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flyldavid
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Originally Posted by WrightHI
Do you hold the Schwab Investor card (no fee, 1.5% cash back) or Schwab Plat? The advice above applies to the latter, not the former.
Sorry for the delayed response. I kept the Amex Plat (Schwab), and closed the investor card (the 1.5% cash back, no fee). I should've specified the names better.

I haven't closed the Blue Cash preferred yet. I opened it on 12/2020, first transaction on it was 12/02/2020, statement closed on 12/21/21, and no annual fee has posted. So I'm nervous to close it before the annual fee posts. Since I don't know if Amex counts 12 months from the first billing cycle 12/2020 or from when the fee will be charged ( I assume 1/2022.)
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