Charles Schwab 2% Credit Card, An Update and NEW ETF’s!

November 5, 2009 by · 1 Comment
Filed under: Credit Cards, Investing 

Back in April, I reviewed the Charles Schwab Invest First VISA Credit Card. I’ve been using the card for 6 months now as my primary card (except for gas (PFCU) and hotels (Marriott)), and I have to say it has met all expectations. The account is everything I currently could ask for:

  • 2% back on all purchases – a very solid reward
  • no foreign transaction fees – Spain, no problem; London, no problem
  • automatic payment so I don’t have to worry about manual payments
  • excellent customer service

The one area I wasn’t as keen on was that all of my rewards were required to go into a Schwab brokerage account paying .01% on the balance and charging $12.95 commissions. This would mean the money would just sit unused and not gaining meaningful interest unless I transferred it out. And, sit it did………..until today.

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