Schwab Invest Visa? 2% cash back on everything? [Discontinued card]
Jan 31, 2009, 2:15 am
#91
FlyerTalk Evangelist
Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
What I haven't figured out is how to pay the card on-line. I set up my Schwab bank checking account as the payment account yesterday morning, but the status is listed as unconfirmed (only permitting payments up to $400). There are supposed to be small deposits put into my account that I use to confirm, but so far no deposits. For those who have managed to get this working, how long did it take before the confirmation deposits appeared in your enrolled checking account?
I hope this is just a glitch as well but our son lost his ATM card which we reported 12/31 and again 1/15 and finally received a replacement late this month. And it did not work. When we called they said, oh, it won't work for 24 hours although the phone said it was now active.
Feb 2, 2009, 12:06 pm
#92
Join Date: Aug 2006
Location: ATL, BHM, DUB, County Wexford
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Posts: 4,855
I received and finally read my t&c's for my high yield debit card. It does in deed have no additional fees. But the t&c has a clause regarding foreign exchange fees that bothers me.
Feb 2, 2009, 1:44 pm
#93
FlyerTalk Evangelist
Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
Update: still have not received the 2% which CSR said would post tonight. Even though my statement closes 1/14 it is the next month before the cash back occurs. Forgot to ask if I could change statement date to 1/28.
Also, they insist on doing the bank confirm thing even from your Schwab One brokerage account! So I cannot pay on their website without the full busybody treatment and would have to use the Schwab billpay or my bank's billpay instead. I had the CSR remove my bank account which is still showing unconfirmed.
Also, you cannot download transactions into Quicken until the statement closes instead of daily like Amex.
Also, they insist on doing the bank confirm thing even from your Schwab One brokerage account! So I cannot pay on their website without the full busybody treatment and would have to use the Schwab billpay or my bank's billpay instead. I had the CSR remove my bank account which is still showing unconfirmed.
Also, you cannot download transactions into Quicken until the statement closes instead of daily like Amex.
Feb 2, 2009, 5:59 pm
#94
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,482
Update: still have not received the 2% which CSR said would post tonight. Even though my statement closes 1/14 it is the next month before the cash back occurs. Forgot to ask if I could change statement date to 1/28.
Also, they insist on doing the bank confirm thing even from your Schwab One brokerage account! So I cannot pay on their website without the full busybody treatment and would have to use the Schwab billpay or my bank's billpay instead. I had the CSR remove my bank account which is still showing unconfirmed.
Also, you cannot download transactions into Quicken until the statement closes instead of daily like Amex.
Also, they insist on doing the bank confirm thing even from your Schwab One brokerage account! So I cannot pay on their website without the full busybody treatment and would have to use the Schwab billpay or my bank's billpay instead. I had the CSR remove my bank account which is still showing unconfirmed.
Also, you cannot download transactions into Quicken until the statement closes instead of daily like Amex.
Feb 2, 2009, 7:35 pm
#95
FlyerTalk Evangelist
Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
I recently opened an account as well and found the online Billpay fairly straightforward. Yes, it is somewhat annoying to have to "confirm" the deposits that go into your checking account, as other card issuers do not require this, but may I ask why you have refused to do so? I certainly don't see any security risk in confirming the two micro-deposits.
Feb 2, 2009, 7:48 pm
#96
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 11,377
How is making two deposits to your account 'nosing'? You want them to withdraw money from your account; having them make two small deposits and then have you verify the amounts seems like a good way of verifying ownership/access.
Feb 2, 2009, 10:17 pm
#97
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Join Date: Feb 2002
Location: San Francisco/Tel Aviv/YYZ
Programs: CO 1K-MM
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Just got back from a trip to canada, and I can report that the posted USD amount tracks with the XE.com rate (though not at the exact time) to <0.2%, which I'd consider close enough to 0 given the fluctuations in FX rates anyways.
Feb 2, 2009, 10:27 pm
#98
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Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
Feb 2, 2009, 10:38 pm
#99
FlyerTalk Evangelist
Join Date: Jul 2003
Posts: 11,377
Making deposits INTO an account doesn't tell them anything about the balance of it. It tells them it exists and you have access to it (b/c you can confirm the amounts).
Feb 2, 2009, 10:41 pm
#100
FlyerTalk Evangelist
Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
Well, Amex, US Bank, BofA, Capital One and Chase all trust me to pay from multiple accounts without being busybodies and I will do my charging with them instead.
Feb 3, 2009, 5:53 am
#101
Join Date: Mar 2006
Location: Hotlanta.
Programs: I've gone underground!
Posts: 4,590
Any one receiving their cash back?
My statement closes mid-month and on the credit card page it appears that they have processed the points transfer. However, I still don't see the deposit into my schwab account. Not that it matters THAT much, but until I get that first deposit, I'm not going to feel like the card really works.
On the other hand, they manage to process payments pretty quickly.
On the other hand, they manage to process payments pretty quickly.
Feb 3, 2009, 6:52 am
#102
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,482
My statement closes mid-month and on the credit card page it appears that they have processed the points transfer. However, I still don't see the deposit into my schwab account. Not that it matters THAT much, but until I get that first deposit, I'm not going to feel like the card really works.
On the other hand, they manage to process payments pretty quickly.
On the other hand, they manage to process payments pretty quickly.
When will I get my cash rewards?
Your cash rewards will be automatically deposited once a month into your Schwab One account, during the last business day of each month. After you open your account, it may take one statement cycle before you start receiving your cash rewards.
Feb 3, 2009, 9:16 am
#103
FlyerTalk Evangelist
Join Date: Jul 2001
Location: America's Finest City
Posts: 10,936
My statement closes mid-month and on the credit card page it appears that they have processed the points transfer. However, I still don't see the deposit into my schwab account. Not that it matters THAT much, but until I get that first deposit, I'm not going to feel like the card really works.
