Originally Posted by
SansSerif
Somewhat related question, but is the 250k/1m requirement a snapshot at a certain time (maybe on the card anniversary date)? Or is it an average across the previous year?
It’s a snapshot, they just look at your holdings on one specific date.
Your Qualifying Schwab Holdings will be measured (a) within five business days of Card account approval and (b) on the first calendar day of your annual Card account renewal month (each date, a "Measurement Date"). If on a Measurement Date your Qualifying Schwab Holdings are: (i) equal to or greater than $250,000 and less than $1,000,000, you will receive a $100 Card statement credit; or (ii) equal to or greater than $1,000,000, you will receive a $200 Card statement credit.