I am a sucker for sure, because I went ahead and signed up for a new Charles Schwab Brokerage One account using the front page link for $10,000 deposit for a measly $100. I could of just used this link here and put in $1,000 for a cool $100. My mistake is your datapoint. I did all of this for another $200 airline fee waiver and to convert every one of my worthless (since I can’t travel anymore) MR points for a not too shabby 1.25 cents per point. This made me reconsider the current offers and bonuses that AmEx is doing in terms of 1.25 cents per point. You can find a XLS of all the raw data here. First off if we look at MR bonuses alone, you can make a cool $4,198.50 on a $41,000 spend! You also get $900 of your airline fee waived per year.
|Best Bonuses||Cash Back||Spend||Return||Free $|
|Blue Cash Pre||$350.00||$3,000||12%||$0|
|Prem Reward Gold||$312.50||$2,000||16%||$100|
|Every Day Pre||$187.50||$1,000||19%||$0|
Of course you would spread that out over a few years to make sure you hit the minimum spends. Everything is calculated assuming you convert all of your points into cash using the Charles Schwab Platinum Card. I went ahead and summarized the best categories with the assumption of now getting 1.25 cents per MR point. I combined all the other cash back categories from the other cards I have or are thinking about getting.
|CS, MB, Reg Pt||Airfare||6.25%|
|Mer Benz Pt||MB Stuff||6.25%|
|Blue Cash Pre||Groceries||6%|
|Any AmEx Pt||AmEx Travel||2.50%|
You can see everything gets at least 2% I am not in a state that USAA has rolled out their Limitless card. Keep in mind that all the AmEx cards waive for military via SCRA, Chase, Citi, and Barclays will not unless you had the card before you joined. This may not be worth it if you must pay these annual fees. Please use the links above to apply for a product to support the site.