Schwab Account

[CountValentine]

Anyone successfully deposited Amex miles into Schwab recently? Been trying to transfer the last couple days and it isn't working for me.

Where did they hide the option? If I can find it, I will give it a try.
ETA: Works fine

[WonderingYid]

has anyone gotten this before?

What did you tell them?

[AsherO]

Amex officially lowered the rate for transfer to Schwab @ 1.1 on 9/1, but it didn’t go into effect immediately.

[CountValentine]

Amex officially lowered the rate for transfer to Schwab @ 1.1 on 9/1, but it didn’t go into effect immediately.

Transferred at 1.1

[yuneeq]

Where did they hide the option? If I can find it, I will give it a try.
ETA: Works fine

Thanks for the DP. Using PC/Chrome?

[CountValentine]

Thanks for the DP. Using PC/Chrome?

PC/Edge

[imayid2]

if i deposit amex points into schwab account [1.25c pp] are there any tax implications etc on that money ?

Anyone have any info on this? Will schwab sent me a 1099 for this?

[ari3]

Anyone have any info on this? Will schwab sent me a 1099 for this?

they shouldn't because points earned via credit card are considered a purchase rebate and converting them to cash shouldn't change that

[R.A.T.]

they shouldn't because points earned via credit card are considered a purchase rebate and converting them to cash shouldn't change that

You are converting at a higher rate so not sure how they would look at that.

Anyone have any info on this? Will schwab sent me a 1099 for this?

They have not issued 1099's in the past for these redemptions.