Opinions of Schwab?

[southerndoc]

I'm a current Delta SkyMiles/American Express cardholder. Recently they've raised the annual fee and lowered their benefits (no more double miles at gas stations, supermarkets, etc.).

I saw an article several months ago about Schwab's credit card offering unlimited 2% cash back. The catch? You must have a Schwab One brokerage account.

Does anyone use Schwab? Any negative or positive opinions? Their commission fees are higher than TD Ameritrade's, and I've been a loyal TD Ameritrade user for many years.

However, Schwab's credit card offer, 1% high-yield checking account, and 2% savings account offers seem too good to pass up. Even ING Direct isn't paying that much interest anymore.

Thoughts?

[noppenbd]

You could open the Schwab brokerage just to get the CC, but not use it for any trading. Just put a few dollars in there to fund it initially and then withdraw later.

I have an active Schwab SIMPLE IRA, and a Schwab brokerage that I don't use. The commissions are too high for stock trading IMO. The research and market analysis is quite good though.

[EEinNJ]

I've been a Schwab brokerage customer for over 10 years, no problems. The banking end of things is relatively new for them. I have a checking acct. and was just today looking at the other offerings you mention. I'm looking to get away from the Bailout Bank of America, and Schwab is a good deal. The trade-off is they don't have bank branches. For equities, they're better with mutual funds, not for low-cost trading. They do have good research.