13 Jan

Does Schwab do cashback?

Written By Dom Mia
January 13, 2024

Posted at 12:38h in Cashback, Home Blog 3 by Dom Mia

Are you wondering if Schwab offers a cashback program? Well, you’re in luck! Schwab provides a cashback program for eligible account holders. Let’s dive into the details of this exciting opportunity!

Key Takeaways:

Schwab offers a cashback program for eligible account holders.
The program is available through the Charles Schwab Cards from American Express.
Cardholders can earn 1.5% cash back on eligible purchases.
The cash back is automatically deposited into their linked Schwab account.
Additional benefits include travel and entertainment perks.

Schwab Cashback Program Details

The cash back program offered by Schwab through the Charles Schwab Cards from American Express allows cardholders to earn 1.5% cash back on eligible purchases made with their Schwab Investor Card® from American Express. This cash back is automatically deposited into the cardholder’s linked eligible Schwab account.

There is no monthly minimum purchase amount required to receive cash back, and the cash back can only be deposited into the linked eligible Schwab account. The amount of cash back earned is 1.5% of the dollar amount of eligible purchases made during a billing period. Schwab deposits the cash back into the eligible account approximately 6 to 8 weeks after the end of the billing period.

If you’re a Schwab account holder and enjoy earning cash back on your purchases, the Schwab cashback program is a great way to maximize your rewards. With 1.5% cash back on eligible purchases, you can earn money while you spend. Plus, the automatic deposit into your linked Schwab account makes it convenient and hassle-free.

Key Features of the Schwab Cashback Program:

Earn 1.5% cash back on eligible purchases with the Schwab Investor Card® from American Express
No monthly minimum purchase requirements
Cash back automatically deposited into your linked eligible Schwab account
Receive cash back approximately 6 to 8 weeks after the end of each billing period

“I love the Schwab cashback program! It’s so easy to earn cash back on my everyday purchases, and the fact that it’s automatically deposited into my Schwab account is a huge convenience. It’s like getting rewarded for simply using my card.” – Schwab cardholder

By participating in the Schwab cashback program, you can enjoy the benefits of earning cash back on your purchases and have the flexibility to use those rewards for your financial goals or enjoy them as extra spending money. Whether you’re saving for the future or treating yourself to something special, the Schwab cashback program makes it easy to earn and enjoy the rewards.

Summary

To be eligible for the Schwab cashback program, you must be at least 18 years old, have a valid U.S. home address, and have an eligible Schwab account.
If you do not have an eligible account, you can easily open one online or by calling Schwab.
Existing American Express Cardholders need to apply for a new card to participate in the cashback program.
The application process involves providing personal information and undergoing a credit check.
Once approved, you can start earning cash back on eligible purchases with your new Schwab cashback card.

Conclusion

The Schwab cashback program is a fantastic opportunity for eligible Schwab account holders to earn cash back on their eligible purchases. With the convenience of automatic deposits into their linked eligible Schwab account, cardholders can easily accumulate financial rewards and enjoy the benefits of the program.

In addition to cash back, the program offers other appealing features for investors. The Schwab Appreciation Bonus provides cardholders with statement credits or cash bonus awards based on their qualifying Schwab holdings. Furthermore, cardholders can earn Membership Rewards® points for every eligible dollar spent, which can be used for deposits by Schwab into their eligible brokerage account.

By participating in the Schwab cashback program, cardholders not only enjoy the financial rewards but also gain access to various travel and entertainment benefits. These benefits include 5X Membership Rewards® points on flights and prepaid hotels, as well as statement credits for Fine Hotels + Resorts® or The Hotel Collection bookings.

FAQ

Does Schwab offer a cashback program?

Yes, Schwab offers a cashback program through the Charles Schwab Cards from American Express.

What are the details of the Schwab cashback program?

The Schwab Investor Card® from American Express allows cardholders to earn 1.5% cash back on eligible purchases, which is automatically deposited into their eligible Schwab account. The American Express Platinum Card® for Schwab provides the opportunity to earn 5X Membership Rewards® points on flights and prepaid hotels, as well as access to various travel and entertainment benefits.

What are the benefits of the Schwab cashback program?

In addition to earning cash back on eligible purchases, cardholders can also enjoy a Schwab Appreciation Bonus based on their qualifying Schwab holdings. They can earn Membership Rewards® points for every eligible dollar spent and use them for deposits into their eligible brokerage account. The program also provides various travel and entertainment benefits, such as 5X Membership Rewards® points on flights and prepaid hotels and statement credits for Fine Hotels + Resorts® or The Hotel Collection bookings.

Who is eligible for the Schwab cashback program and how can I apply?

To be eligible for the Schwab cashback program, individuals must be at least 18 years old, have a valid U.S. home address, and have an eligible Schwab account such as a Schwab One® or Schwab General Brokerage Account, or a Schwab Traditional, Roth, or Rollover IRA. If you don’t have an eligible Schwab account, you can open one at Schwab One® or by calling 866-385-1227. Existing American Express Cardholders cannot convert their current Card into the Schwab Investor Card® from American Express or American Express Platinum Card® for Schwab. They must apply and be approved for a new card.

What is the conclusion of the Schwab cashback program?

By participating in the Schwab cashback program, eligible Schwab account holders can earn cash back on their eligible purchases and enjoy additional financial rewards and travel and entertainment benefits.