Editorial image; product art from the issuer. Offers and eligibility are subject to application terms.Bottom line
- Best for：The Schwab Investor Card is a simple no-fee 1.5% cash-back card that automatically deposits rewards into an eligible Schwab account. Its strength is convenience, not the highest flat rate.
- Check eligibility：An eligible Schwab account is required before applying.
Application link$200 statement credit
View current applicationSpend $1,000 within three months. An eligible Schwab account is required.
Highlights
- $0 annual fee：Easy to keep long term.
- 1.5% on purchases：Earn a flat 1.5% cash back on eligible purchases.
- Automatic Schwab deposits：Cash back is automatically deposited into an eligible Schwab investment account.
- Amex Offers：Add eligible merchant offers through Amex Offers.
How to judge long-term value
The Schwab Investor Card fits existing Schwab clients who value automatic investing and simple rewards. Flat 2% cards are stronger for maximizing cash back alone.
What to know before applying
- An eligible Schwab account is required before applying.
- Compare no-fee 2% cards and decide whether automatic investing matters more.
- Do not carry an interest-bearing balance for rewards.
Drawbacks
- 1.5% is not market-leading：Several no-fee cards offer a flat 2%.
- Schwab account required：Not available to readers without an eligible Schwab relationship.
Frequently asked questions
What is the current bonus?
Earn a $200 statement credit after $1,000 in purchases within three months.
How is cash back redeemed?
It is automatically deposited into an eligible Schwab account.
Summary
The Schwab Investor Card fits existing Schwab clients who value automatic investing and simple rewards. Flat 2% cards are stronger for maximizing cash back alone.
Application link$200 statement credit
View current applicationConfirm the final offer, fees and eligibility before submitting.