Details
Written by: RJ
American Express and Charles Schwab have updated the terms on MR point cash outs
Important Note: Starting Oct 1, 2024, the rate for redeeming Membership Rewards points for deposits will change. Basic Card Members will be able to redeem Membership Rewards points for deposits to their eligible Schwab account at a rate of 10,000 points for a $110 deposit for up to 1,000,000 points, after which they may continue to redeem points at a rate of 10,000 points for an $80 deposit through the remainder of the calendar year.
First reported by DDG
Thoughts
Won’t be a problem for most. Have to wonder who was pushing this hard enough to get a rule made
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