Popular cashback choice Schwab 2% Visa card is getting taken over by FIA card services September 30th, and customers fret that the new owners will kick the rewards down to 1%.
In April the card stopped taking new applicants because most of its members weren’t carrying a balance. Without a balance, there’s no interest charges, and Schwab wasn’t making any money.
Despair not, there are a few other cards still out there that offer 2% cashback, either in the form of miles, or in certain purchase categories.
Schwab Visa Down for the Count? [Free Money Finance]
Charles Schwab Stops Offering 2 Percent Credit Cards [NYT]