Schwab Invest Visa? 2% cash back on everything? [Discontinued card]
Aug 29, 2011, 11:58 pm
#1007
Join Date: Nov 2004
Location: Los Angeles, CA; Philadelphia, PA
Programs: OZ Diamond
Posts: 6,134
Aug 30, 2011, 5:04 pm
#1009
Join Date: Dec 2009
Location: Los Angeles, CA
Programs: HH Gold, PC Plat
Posts: 33
Just talked to a supervisor at FIA, there should be a second letter mailed out very soon.
Supposedly the new card is going to be the "BankAmericard Cash Rewards". 1% on everything, 2% on groceries, 3% on gasoline. No annual fee, 10% customer bonus for redeeming your rewards into a Bank of America® checking or savings account.
I'm pretty damn upset now.
(I'm in Southern California if that makes any difference)
Supposedly the new card is going to be the "BankAmericard Cash Rewards". 1% on everything, 2% on groceries, 3% on gasoline. No annual fee, 10% customer bonus for redeeming your rewards into a Bank of America® checking or savings account.
I'm pretty damn upset now.
(I'm in Southern California if that makes any difference)
Aug 30, 2011, 6:18 pm
#1011
Join Date: Nov 2002
Location: San Diego, CA, USA
Posts: 91
Got my letter today (CA). Irritated, as I'm off to Italy next month and planned to use my Schwab Visa there (yeah, I know it's FIA). Just filled out the paperwork to get a debit card via Schwab, so at least i'll be able to use ATMs with rebate of fees. Now to find another card without conversion fees.
I have not been happy with BofA in the past, nickel and dimed relentlessly.
I have not been happy with BofA in the past, nickel and dimed relentlessly.
Aug 30, 2011, 6:19 pm
#1012
Original Member
Join Date: May 1998
Location: Tampa, FL
Programs: AAMM & PLT; UA Gold, DL Silver, Marriott LT Titanium Elite, Hilton Diamond, Hertz #1 Gold Club
Posts: 1,591
Got my letter also, read the first few lines then tossed. This card is already out of my wallet since I am working on TY Premier bonus - 4 additional TY points through the end of November.
Aug 30, 2011, 6:20 pm
#1013
Suspended
Join Date: Oct 2004
Location: Bay Area
Programs: DL SM, UA MP.
Posts: 12,729
Does anyone know if Schwab will start imposing fees on the brokerage accounts once their level of activity dies down?
Aug 31, 2011, 4:53 am
#1014
Join Date: Apr 2005
Location: ATL
Posts: 802
Got my letter today (CA). Irritated, as I'm off to Italy next month and planned to use my Schwab Visa there (yeah, I know it's FIA). Just filled out the paperwork to get a debit card via Schwab, so at least i'll be able to use ATMs with rebate of fees. Now to find another card without conversion fees.
I have not been happy with BofA in the past, nickel and dimed relentlessly.
I have not been happy with BofA in the past, nickel and dimed relentlessly.
www.capitalonecash.com.
Aug 31, 2011, 10:01 am
#1017
Suspended
Join Date: Oct 2004
Location: Bay Area
Programs: DL SM, UA MP.
Posts: 12,729
My credit limit on this card is much higher than on my other cards.
If I decide not to accept the replacement card, would it screw up my credit rating?
Then again, they may not give me the same credit limit anyways, unless it's also managed by FIA.
If I decide not to accept the replacement card, would it screw up my credit rating?
Then again, they may not give me the same credit limit anyways, unless it's also managed by FIA.
Aug 31, 2011, 10:17 am
#1019
Join Date: Mar 2007
Location: CLE
Programs: UA Gold, HH Diamond, Marriott Gold
Posts: 3,661
haven't received a letter yet. (TN). When Delta dropped the NW card it went to BoA. It was fee-free the first year but then $65. I cancelled the card to avoid the fee. I'll do the same.
I've got the Capital One Venture card, so at least I have 2% and no for-ex. But I'll probably cancel that when the fee comes due on it.
My CO Chase card has no for-ex but who knows what UA will do with that.
I just started churning, so I'll just keep the best of what I get churning.
But the Schwab card was great while it lasted. And I did get the debit card which has been great with foreign ATMs.
I've got the Capital One Venture card, so at least I have 2% and no for-ex. But I'll probably cancel that when the fee comes due on it.
My CO Chase card has no for-ex but who knows what UA will do with that.
I just started churning, so I'll just keep the best of what I get churning.
But the Schwab card was great while it lasted. And I did get the debit card which has been great with foreign ATMs.
Aug 31, 2011, 10:39 am
#1020
Join Date: Dec 2008
Posts: 21
What are the top replacements for this card? I talked to FIA card services today and they said that my card will be converted by Dec 2011.
I spend about $20k a year on my credit cards so I am not sure if I should be looking for a card with a rewards program like MR or another cash back card. I don't mind an annual fee if the rewards with my spending would out weigh the rewards from a card without an annual fee. I am not really interested in airline or hotel rewards at the moment.
I spend about $20k a year on my credit cards so I am not sure if I should be looking for a card with a rewards program like MR or another cash back card. I don't mind an annual fee if the rewards with my spending would out weigh the rewards from a card without an annual fee. I am not really interested in airline or hotel rewards at the moment.