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Get 2% Deposited Into Your Schwab Investment Account
By JLP | December 4, 2008
I don’t usually write much about credit cards here but this is something kind of interesting.
Charles Schwab is offering an unlimited 2% cash back on their Invest First Visa Credit Card*. The 2% reward gets deposited directly into your Schwab One brokerage account. If you can charge most of what you spend on a monthly basis, this could add up to a decent chunk of change.
My wife and I currently use a Wells Fargo cash-back Visa but it is capped at $500 per year. At a 2% reward, that’s $25,000 per year in spending. If you spend more than that, the Schwab card may not be a bad idea. Just don’t carry a balance!
* NOT an affiliate link.
Topics: Credit Cards |