One of the more popular cash back credit cards in recent years was the Charles Schwab credit card with 2% cash back rewards. Ron Leiber of the New York Times recently reported that Schwab is indeed not accepting any new applications for the 2% Schwab cash back credit card offer.
The Schwab 2% cash back card was popular because it had a simple 2% cash back rewards structure as opposed to other cash back cards that typically offer cash back of anywhere from 1% all the way up to 5% but in different spending categories or even rotating categories. To see what the approximate amount of cash back you could earn based on your monthly spending habits be sure and try out the cash back credit card calculator that analyzes and compares some of the best cash back cards side by side.
The one major downside to the Schwab credit card offer is that even though it has a healthy 2% cash back the entire amount of the cash back must be deposited into a Schwab investment account. If you do not have a Schwab investment account and do not wish to have an investment account at Schwab then the Schwab credit card will of course not be of much use to you.
Existing Schwab credit cardholders will continue to receive 2% cash back but I would venture that this will not last for much longer. Some of the best Schwab alternative cash back credit cards to consider include:
The American Express Costco True Earnings Card (my personal favorite card that I use as much as I possibly can)
The American Express Blue Cash Card
Similar Articles:
- American Express Centurion Bank American Express Blue
- American Express Blue for Students
- American Express Centurion Bank American Express Blue Sky
- American Express Centurion Bank American Express Blue Cash
- Chase Freedom Credit Card
- Best Cash Back Cards in 2012
- American Express Centurion Bank American Express Blue Sky Preferred
Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!
I’ve been getting a few of those Chase Sapphire credit card offers in the mail. I’ve been ignoring them, but I think take a 2nd look based on your review of them!
Thanks for the great review!