Schwab Visa to Stop Accepting New Applications?
Schwab has long since stopped marketing the credit card as it evaluates its profitability, so this news does not come as a great surprise. While existing cardholders are not supposed to be affected by this change, when a program stops accepting new customers, it’s not usually a good sign for its long-term viability.
It would sad news indeed if this marks the beginning of the end. With a flat 2% cash back on all purchases and no foreign exchange fees, the Schwab Visa has been my primary cash back card for a while now.
As the report indicates Schwab is no longer accepting online applications, new customers can apply by phone, by calling 866-724-9223.