Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.
That was the bad news. The good news was that cardholders continued receiving 2% cash back on all purchases as they transitioned the card over to FIA Card Services. In actuality, FIA had been servicing the card all along, but it was co-branded with Schwab.
Fast forward to now… I’ve heard from several readers (and seen elsewhere) that FIA has been notifying cardholders that this card will soon be re-branded (again) as a Bank of America rewards credit card. Details beyond that are scarce, but many are concerned that this will mean an end of the 2% rewards.
While that may well be true, it’s worth noting that FIA and BofA are essentially one and the same. Moreover, I’ve heard internet rumors of people having talked to FIA phone reps and being told that that 2% rewards would remain.
For now, I guess the best strategy is to wait and see. But if you have this card, be aware that changes are afoot.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math (693)
- Dish Network Customer Service SUCKS (536)
- $8,000 Homebuyer Tax Credit (429)
- Pay Off Mortgage Early or Invest? (424)
- How to Claim the First-Time Homebuyer Tax Credit (352)
- Termite Control: Sentricon vs. Termidor (329)
- How Much Should You Pay a Babysitter? (288)
- Ethanol Blended Gas = Lower Mileage? (272)
- Reduced Credit Limits? Share Your Experience (256)
- $15,000 Homebuyer Tax Credit (242)
- Buying Furniture off the Back of a Truck (237)
- Will Mac OS X Lion Kill Quicken 2007? (191)