Charles Schwab – Invest First Visa – 2% Cash Back
Thank Charles Schwab for giving us a clever way to earn cash back on our purchases made with credit card. The Invest First Visa, if you can get approved will give you 2% back on most of your purchases. The 2% is transferred into your Schwab One Brokerage account. If you don’t have one, you’ll have to open one and get the accounts linked.
Considering the current state of interest rates on savings accounts, 2% is a pretty solid return. The Schwab Invest First Visa doesn’t have any limits on the cash back you can earn. It does offer bill pay but you can’t earn 2% on any of those payments. You’ll have to find another way to earn that percentage on your mortgage payment.
The interest rate sits at 9.99% plus prime. However, if you’re planning on grabbing this card for the 2% cash back, you should not be carrying a balance on this credit card.
There is no monthly fee. No catches and the card is backed by one of the most financially stable firms in the nation, Charles Schwab.
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[...] you can get 5% on but you’re not going to get a better cash back rate else where. Like the credit card that Schwab offers which gives you 2% on every purchases, this card from Discover gives you 1% of most [...]