Schwab Invest Visa? 2% cash back on everything? [Discontinued card]
Nov 16, 2010, 9:39 pm
#842
Join Date: Apr 2006
Location: LIS/ATL/other
Programs: UA 1K, Avis PC, Hertz PC, Sixt Plat, Marriott Gold, HH Silver
Posts: 1,983
Nov 16, 2010, 10:08 pm
#843
Suspended
Join Date: Oct 2004
Location: Bay Area
Programs: DL SM, UA MP.
Posts: 12,729
They only mentioned late payment fees -- reducing many of them -- and changes to recurring transactions if your card number changes, they may notify the merchant of the number change?
Nov 17, 2010, 12:13 pm
#844
Join Date: Aug 2010
Location: Denver
Programs: Aeroplan, Onepass, M+, BoA 2%,AAdvantage, $ Coins Anonymous
Posts: 67
i got the same letter.
no mention of change of 2% back or forex 0%. relax. this card is still my primary and i have told FIA why and how quickly it will not be if the above changes.
no mention of change of 2% back or forex 0%. relax. this card is still my primary and i have told FIA why and how quickly it will not be if the above changes.
Nov 17, 2010, 12:49 pm
#845
Join Date: Nov 2010
Posts: 4
I was using this to pay my electric bill to ConEd. However, FIA's billpay service made a distinction between in-network and out-of-network, with the out-of-network not getting reward points for the transaction (but getting the ~30 day float, as well as no cash advance fees/interest). ConEd was out-of-network, as were most of the ones that I looked at, including vender's like Verizon or Time Warner where you could pay by credit at their site and have it get reward points.
Nov 17, 2010, 2:22 pm
#846
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
Right, Wells Fargo was out of network, so no rewards points (now THAT would have been amazing), but still, saving the loan interest for 30+ days while keeping that money in my savings account to earn a little something was really nice, and I could afford to be a little more chancy with how much I paid. If it was too much, just back off the next month. However, no more of this. So as I posed, does anyone know of a credit card that does still allow this?
Nov 18, 2010, 6:50 am
#847
Join Date: Nov 2010
Posts: 4
A $5,000 at 2.5% (very hard press to find such without doing all sorts of juggernaut acts) is $125 interest pre-tax for the WHOLE year. One month of it is $10.42 additional money pre-tax into the pocket... At a more normal 1.25%, that is $5xx a month additional money pre-tax... The payout ratio seems a bit low for the work...
Nov 19, 2010, 9:29 pm
#848
Join Date: Nov 2007
Location: Itinerant
Programs: DL FO, AA PLT, BD *G
Posts: 402
Not sure if this is what the past ten or so posts have been alluding to, but the bill pay feature no longer has the ability to make bill payments from the credit card. Only my checking account shows up as a funding source. CSR said that this happened earlier this month, that a mailed notification was sent out twice (I don't remember seeing anything), and that this change applies to all FIA cards, not just the Charles Schwab card.. He was told that FIA's contract with the bill payment vendor had been terminated or expired, and while they may be trying to find a new vendor he doesn't have any knowledge of if or when this feature will be reactivated.
Nov 22, 2010, 8:20 pm
#849
Join Date: May 2001
Location: RSW/FMY
Programs: All, but no status!
Posts: 754
Changing rewards destination -- new security warning?
For the last few days, I've been getting a strongly worded warning about a security threat when I try to click on the thing to change where my rewards are sent. Has anyone else seen this?
The first time I saw it, it suggested maybe I should try again later, or proceed despite the warning. I decided to try again later, but then today I got the same warning, and tried to proceed...but then the warning message seemed even stronger, so I backed off.
Is this just over-protective security software or what? Anyone else seeing a warning that wasn't there a week ago?
I wonder if I could call and change the destination of the rebates over the phone...
The first time I saw it, it suggested maybe I should try again later, or proceed despite the warning. I decided to try again later, but then today I got the same warning, and tried to proceed...but then the warning message seemed even stronger, so I backed off.
Is this just over-protective security software or what? Anyone else seeing a warning that wasn't there a week ago?
I wonder if I could call and change the destination of the rebates over the phone...
Nov 23, 2010, 5:49 am
#850
Join Date: Dec 2002
Location: Washington, DC, Chapel Hill, NC (RDU)
Programs: DL Plat (won't hit DM again) 2MM (2.5), HH Gold, PC Gold, Hyatt Plat
Posts: 5,626
I just called to FIA services to note overseas travel and specifically asked about whether the forex had changed. The agent initially said 3%, but then corrected herself and said -- "You have a charles schwab card so no added charge for overseas use."
Nov 23, 2010, 5:56 am
#851
Suspended
Join Date: Oct 2004
Location: Bay Area
Programs: DL SM, UA MP.
Posts: 12,729
I haven't changed the rewards from going to Schwab, though I don't expect to ever trade there.
Main reason is the checking account with refund of all ATM fees and no forex surcharges
I used the ATM card in at a Chase ATM and they assessed a $3 fee and that fee is still reflected in my transactions. I called and they said the fee should be refunded at the end of the month.
Anyone else go through this?
Main reason is the checking account with refund of all ATM fees and no forex surcharges
I used the ATM card in at a Chase ATM and they assessed a $3 fee and that fee is still reflected in my transactions. I called and they said the fee should be refunded at the end of the month.
Anyone else go through this?
Nov 23, 2010, 6:51 am
#852
Join Date: Feb 2009
Location: SEA
Programs: Alaska MVPG 100K, IHG Ambassador, Hilton Diamond, Hyatt Globalist, Marriott Titanium
Posts: 1,704
I have had the Schwab checking debit card for several years, and this is the way it always has been.
Nov 23, 2010, 6:52 am
#853
Join Date: Dec 2002
Location: Washington, DC, Chapel Hill, NC (RDU)
Programs: DL Plat (won't hit DM again) 2MM (2.5), HH Gold, PC Gold, Hyatt Plat
Posts: 5,626
The ATM card is separately managed from the Visa card, I believe. But I've always had the ATM fee refunds come back at the end of the cycle. On a recent trip to Korea, when I called to let them know I'd be using the card overseas the agent suggested that I hold on to any receipts until the fee refund posted because sometimes they have trouble identifying the ATM fee on foreign ATM transactions.
Nov 28, 2010, 12:09 am
#854
Join Date: Nov 2007
Location: Itinerant
Programs: DL FO, AA PLT, BD *G
Posts: 402
Just got in the mail today some cash advance checks with a 0% APR until September. Called up FIA to ask how they work when you also have regular purchases on the account (answer: post-CARD Act, the monthly minimum payment goes to the balance with the lowest interest rate, and any additional payment goes to the balance with the highest interest rate, and if you continue making charges and paying off those charges--but not the cash advance--every month, you don't get the benefit of the grace period) and she mentioned "you can get your interest rate reduced. Let me transfer you to the right department." A few minutes on hold, then a new person comes on and says that the rate's been reduced by 1.25% to 11.99%, and that I should call back within 4 to 6 months to see if it can be reduced even more.
Have to say that was unexpected, especially considering the new laws, the economic environment, and the fact that FIA must not be liking this card right now... I always pay my balance off anyway, so it's not a big deal though.
Have to say that was unexpected, especially considering the new laws, the economic environment, and the fact that FIA must not be liking this card right now... I always pay my balance off anyway, so it's not a big deal though.
Nov 28, 2010, 6:08 pm
#855
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
I haven't changed the rewards from going to Schwab, though I don't expect to ever trade there.
Main reason is the checking account with refund of all ATM fees and no forex surcharges
I used the ATM card in at a Chase ATM and they assessed a $3 fee and that fee is still reflected in my transactions. I called and they said the fee should be refunded at the end of the month.
Anyone else go through this?
Main reason is the checking account with refund of all ATM fees and no forex surcharges
I used the ATM card in at a Chase ATM and they assessed a $3 fee and that fee is still reflected in my transactions. I called and they said the fee should be refunded at the end of the month.
Anyone else go through this?