Charles Schwab has come out with a new, Visa-branded reward credit card that pays 2% rewards with no limit on the amount you can earn and no annual fee. This sounds like a pretty good deal, but… You have to have a Schwab One brokerage account in order to get the rewards. This isn’t a huge stumbling block, but it’s an extra hoop to jump through.
Personally, I still prefer our Blue Cash Everyday® Card from American Express which likewise has no annual fee, and has a robust cash back rewards program for everyday purchases. Cash back is earned on eligible purchases and is received in the form of Reward Dollars that can be redeemed as a statement credit. Over the past year we haven’t had to jump through any hoops to redeem the rewards. Terms and restrictions apply.
For more info on the Schwab card, click here.