$100 Visa Gift Card for signing up for Charles Schwab CC

[dr150]

Originally posted by: PaulNEPats

Originally posted by: gunblade
Any annual fee?

Nope

On the application, it says that the monthly $2.50 maintenance fee is waived for the first 6 months. That means, that after the first 6 months, it's $30 annual fee.

 

[JSLIM]

Originally posted by: dr150

Originally posted by: PaulNEPats

Originally posted by: gunblade
Any annual fee?

Nope

On the application, it says that the monthly $2.50 maintenance fee is waived for the first 6 months. That means, that after the first 6 months, it's $30 annual fee.

where does it say that? I've read everything and im sure I would have seen it.

 

[RossMAN]

Originally posted by: dr150

Originally posted by: PaulNEPats

Originally posted by: gunblade
Any annual fee?

Nope

On the application, it says that the monthly $2.50 maintenance fee is waived for the first 6 months. That means, that after the first 6 months, it's $30 annual fee.

WTF is wrong with you people?

Did you read and understand the fine print? Probably not, so let's begin class.

§§ To qualify for this offer, your new account must be used to make any purchase or cash advance transactions (including balance transfers; which may include transaction fees) within 45 days of your account open date. Limit one (1) item per new account. The Schwab Bank credit card offer is subject to application approval by MBNA America Bank, N. A. Upon qualifying, a $100 Visa Gift card will be mailed to you in 8?12 weeks. Visa Gift card is issued by MBNA. Monthly card maintenance fees of $2.50 per month waived the first 6 months after the card issue date. Additional terms and conditions apply to Gift card.

The $2.50 per month MAINTENANCE fee applies to the $100 GIFT CARD (not the credit card) if you haven't spent it within the first 6 months. This is a common practice with Walmart, Starbucks, etc. gift cards although they usually give you 12 to 24 months before they start charging a monthly maintenance fee.

$0 annual fee for credit card
Spend the $100 GC within 6 months = no monthly fee

This was answered in the previous Hot Deals thread
http://forums.anandtech.com/messageview.aspx?catid=40&threadid=1587841

 

[dr150]

Appears deal is dead.

It says "Application not available".......

 

[RossMAN]

Link works for me, clicked apply and it asks for your personal details.

How far did you get before you saw that error message?

Which browser are you running? FireFox here.

 

[JSLIM]

link works here. IE

 

[intogamer]

So can I just sign up... then cancel?
In and out?

 

[PHiuR]

in for ONE.

hope i qualify.
I'll probably forget about the $100 gift card by the time it gets here

 

[RossMAN]

Originally posted by: PHiuR
in for ONE.

hope i qualify.
I'll probably forget about the $100 gift card by the time it gets here

Good luck.

If you do receive your credit card, try to make your first purchase $25 or more. My wife used hers at Fry's and charged $30 for some GBA games. 8 weeks later her $150 GC arrived (she took advantage of the previous $150 offer which already expired).

 

[bigredjjp2004]

once you get the CC, is their a minimum amount that you must spend on your first transaction to get the gift card mailed to you?

 

[RossMAN]

Originally posted by: bigredjjp2004
once you get the CC, is their a minimum amount that you must spend on your first transaction to get the gift card mailed to you?

$25 or more.

 

[lsman]

$25 is on the safe suggestion from last thread...
no said of min. (but one purchase or one BT on signup screen)

 

[mindmaniac]

I've only had a Wells Fargo card with an $800 limit for a year and always pay the bill. I only make around $20,000 a year what do you think my chances are of getting this card? I bought my car with cash and have never had anything bad on my credit but nothing really that would bring it up other than my Wells Fargo CC.

 

[DidlySquat]

Originally posted by: JSLIM

Originally posted by: Eeezee
I don't like the idea of whoring out my credit rating... It's practically impossible to build credit as it is without losing a bunch of points through applications =\

I don't think you lose that many points for an application. I have like 10+ credit cards and my score is pretty much at a stand still.

amen brother! applications can only hurt yoor score if you apply to more than 2-3 cards within a couple of months, and even then it's only like 10 points, and after a couple of month it goes back up again. In fact having more total credit line amount lowers your used credit ratio (outstanding balances divided by total amount of all credit lines) so it actually increases your score.

bottom line, applying for credit cards does almost nothing to your credit score. I've got 10+ credit cards, I get a few new ones every year, and my score is high and stable

 

[DidlySquat]

Originally posted by: mindmaniac
I've only had a Wells Fargo card with an $800 limit for a year and always pay the bill. I only make around $20,000 a year what do you think my chances are of getting this card? I bought my car with cash and have never had anything bad on my credit but nothing really that would bring it up other than my Wells Fargo CC.

what is your score ? sounds like it would be low since you don't have much credit history. so they might refuse you but it still worth a try.

 

[mindmaniac]

Originally posted by: DidlySquat

Originally posted by: mindmaniac
I've only had a Wells Fargo card with an $800 limit for a year and always pay the bill. I only make around $20,000 a year what do you think my chances are of getting this card? I bought my car with cash and have never had anything bad on my credit but nothing really that would bring it up other than my Wells Fargo CC.

what is your score ? sounds like it would be low since you don't have much credit history. so they might refuse you but it still worth a try.

I don't know what it is right now. I did the free yearly credit check but it didn't list my credit score, it only said that there were no negative transactions.

 

[SoundTheSurrender]

what does this mean?

To qualify for this offer, your new account must be used to make any purchase or cash advance transactions (including balance transfers; which may include transaction fees) within 45 days of your account open date. Limit one (1) item per new account. The Schwab Bank credit card offer is subject to application approval by MBNA America Bank, N. A. Upon qualifying, a $100 Visa Gift card will be mailed to you in 8?12 weeks. Visa Gift card is issued by MBNA. Monthly card maintenance fees of $2.50 per month waived the first 6 months after the card issue date. Additional terms and conditions apply to Gift card.

 

[lsman]

Originally posted by: mindmaniac

Originally posted by: DidlySquat

Originally posted by: mindmaniac
I've only had a Wells Fargo card with an $800 limit for a year and always pay the bill. I only make around $20,000 a year what do you think my chances are of getting this card? I bought my car with cash and have never had anything bad on my credit but nothing really that would bring it up other than my Wells Fargo CC.

what is your score ? sounds like it would be low since you don't have much credit history. so they might refuse you but it still worth a try.

I don't know what it is right now. I did the free yearly credit check but it didn't list my credit score, it only said that there were no negative transactions.

Why ask? apply and see... the worst is a reject and you can ask why reject... just a few question to answer online...

 

[RossMAN]

djmihow,

That means you must USE your credit card (buy something for $25 or more) within the first 45 days if you want your FREE $100 GC.

I hope that answers your question

 

[SoundTheSurrender]

I see, but it says a 2.50 dollar charge each month, waived first 6 months...?

 

[JSLIM]

Originally posted by: djmihow
I see, but it says a 2.50 dollar charge each month, waived first 6 months...?

ummmm read above.....its been explained!!

 

[RossMAN]

Originally posted by: djmihow
I see, but it says a 2.50 dollar charge each month, waived first 6 months...?

This only applies to the $100 gift card IF YOU do not spend it within the first 6 months. If you spend your $100 GC within the first 6 months, there are no fees.

The credit card has NO MONTHLY FEE!

 

[emb09]

signed up.

 

[Reckoner]

Don't make this deal harder than it is guys.

1) Apply for card
2) Wait for card to arrive, make a purchase (I only made a $5 purchase and I still got the GC).
3) Gift card will come in 6-8 weeks (Closer to 6 weeks)

That's it! No Annual Fees with this card! In fact, it's a pretty decent card, I got a nice interest rate on it (7.9%) and it has a decent rewards program. YMMV.

 

[DidlySquat]

just got my $150 GC a few days ago from the same promotion a couple of months ago. Already spent the $150 and destroyed the GC.