I went to the Schwab website and I see it's a minimum of $1000 to open a brokerage account. But I scoured the brokerage application page and rules and I could not find if they had any monthly fee's. By that I saw no text, rules, or bullets stating that they did or did not charge a monthly fee. ThriftOrama do you know of any monthly fee's for having the brokerage account with Schwab?
That 2% does sound very enticing, and I would consider opening an account for that rebate, but I also would want some more information about how long they plan on running that deal. But I have never had a rewards card so maybe I will spend some of today looking around for one that has some pretty solid rewards.
Only credit card I have now is though my bank, and it suffices well. It's only got like a 8500 limit on it, but it's got a really good rate at 10.99% (least I think it's good). And Since this month I finally paid it off and no outstanding debt I could just try banking a little extra rebate cash by paying off that 2% schwab'er every month in full.
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