sunzt
Diamond Member
FIA operated the 2% Schwab card as well. Like someone else said, I use the card, the bill comes every month, and then I pay the bill. Never had a problem with the card in the ~2 years I've had the card.
You can direct the 2% into a normal account. There is no conversion needed. If you earn $200, you get $200 deposited.
That card is not available now:
http://www.nerdwallet.com/blog/2011/adieu-to-the-2-charles-schwab-credit-card/