The Schwab Investor Card® from American Express is back with an appealing sign-up bonus. It’s best suited for those who are looking for cash bonuses and already have a Schwab account as it offer you a bonus of $200 statement credit bonus after making $2,000 in purchases in the first 90 days of your account opening.
This no annual fee card, you can get unlimited 1.5% cash back and 0% introductory APR on purchases and balance transfers for 6 months. If you would like to get some more information over the Schwab Investor Card, continue reading about it below!
(Visit a Charles Schwab for more details about this card and its features)
There are plenty of Charles Schwab promotions, bonuses, and offers that are worth checking out if you feel like this specific one is not suited for you.
Table of Contents
Schwab Investor Card from American Express Summary
|Bonus Available||Earn $200 statement credit bonus after making $2,000 in purchases in the first 90 days of your account opening.|
|Ongoing Rewards/Benefits||Earn an unlimited 1.5% cash back automatically deposited into your eligible Schwab account for purchases made with your Card|
|Foreign Transaction Fees||2.7%|
- Sign up bonus rate
- Cash back rewards and benefits
- No annual fee
- Foreign transaction fees
- Good-Excellent credit needed to qualify
Editor’s Alternate Pick
The Chase Freedom Unlimited Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
In addition, you can earn:
• 5% on travel purchased through Chase,
• 3% on dining at restaurants and drugstores, and
• Unlimited 1.5% cash back on all other purchases.
There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open.
This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM.
Schwab Investor Card $200 Statement Credit Bonus
Take advantage of the Schwab Investor Card’s sign up bonus where you earn a $200 statement credit. To qualify, all you have to do is charge at least $2,000 to your card with in the first 90 days of opening your account.
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Schwab Investor Card Top Features
Earn an unlimited 1.5% cashback automatically deposited into your eligible Schwab account for purchases made with your Card.
Your resource to help secure dining and event reservations. There is typically no cost to you for most efforts consultants perform on your behalf, although you are responsible for any purchases and/or shipping charges you authorize.
Enjoy a wide selection of benefits, whether you’re traveling or staying around town your Card can help protect you with the following:
- Purchase Protection
- Car Rental Loss and Damage Insurance
- Return Protection
- Extended Warranty
Plus, as a Card Member, world-class Customer Service is available to you 24/7.
|Best Credit Card Categories|
|0% APR||Airline Rewards||Balance Transfer|
|Cash Back||Hotel Rewards||Military|
|No Annual Fee||No Foreign Transaction Fee||Premium|
|Small Business||Student||Travel Rewards|
If you are currently have a Schwab account and looking for a credit card with no annual fee, consider signing up for the Schwab Investor Card® from American Express. This is the decent credit card if you are interest in sign up bonuses and the cash back aspect.
Enjoy taking advantage of other promotions from Charles Schwab that are available. Feel free to check out our full list of the Best American Express Credit Cards or best credit card bonuses to find out which one suits your needs.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
Who’s The Competition?
The Chase Freedom Flex offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening.
• 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate.
• 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases.
You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. You'll be able to new 5% categories each quarter!
This card has no annual fee.
The American Express Cash Magnet® Card offers $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
You'll earn unlimited 1.5% Cash Back on your purchases; your cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
The card has no annual fee. (See Rates & Fees).
The Capital One Quicksilver Cash Rewards Card offers a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.