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Having FOMO On The Charles Schwab Cashout? It Is Still 1.25 Cents Per Point!

Mark Ostermann
Mark Ostermann

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Charles Schwab Amex Platinum Cash Out Still 1.25 Cents

If you were having some FOMO not cashing out your Membership Rewards with your Charles Schwab Amex Platinum card at 1.25 cents per point have no fear.  It appears to still be at 1.25 cents even though it was supposed to drop to 1.1 cents per point yesterday.  So if you wish you would have taken advantage of this a few days ago, or if a large chunk of Membership Rewards just hit your account, then you still have time.

RELATED: Why I Skipped One Last Major Schwab Cash Out With Amex

I should say that you may want to hold off though since there are like a billion transfer bonus with Amex right now.  Alright maybe not a a billion, more like 12 or whatever but you get the point.  I would think more people would have FOMO from cashing out with the bonuses than the other way around.  But regardless Amex is still showing the 1.25 cents per point so jump on it if you want it. My test cash out has already been deposited.

Hat Tip To MtM Facebook Group Member Crystal

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Mark Ostermann
Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

4 COMMENTS

  1. Jan 14th 2022, The points calculator is still showing you can invest $125 for 10,000 points, though they will actually give only $110.

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At Miles to Memories we share the best tips, tricks and deals plus travel rants, musings, hotel, airline and loyalty program reviews and a lot more! Our goal is to help people save money so they can get out there and travel the world! Through our various blog posts, podcasts & videos we teach others how to maximize loyalty rewards, hotel & airline programs and credit cards to achieve amazing things.

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