For the Schwab Investor Card^® from American Express, you receive 1.5% cash back on eligible purchases made with your Card automatically deposited into your linked eligible Schwab account. For example:

Cash back is only available to the Basic Card Member on a Charles Schwab Investor Card^® from American Express who maintains an eligible account at Schwab (an "eligible account"). An eligible account means (1) a Schwab One^® or Schwab General Brokerage Account held in your name or in the name of a revocable living trust where you are the grantor and trustee or (2) a Schwab Traditional, Roth or Rollover IRA that is not managed by an independent investment advisor pursuant to a direct contractual relationship between you and such independent advisor.

An eligible account will be linked to your Charles Schwab Investor Card^® from American Express at time of Card account approval. If you have multiple eligible Schwab accounts and would like to update your linked account, please contact Schwab at 866-385-1227.

The cash back you will receive is 1.5% of the dollar amount of eligible purchases during a billing period. Cash back is received only on eligible purchases and will be deposited to your linked eligible account. Eligible purchases means purchases for goods and services minus returns and other credits. Eligible purchases do NOT include fees or interest charges, cash advances, purchases of travelers' checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents.

You will not receive cash back for eligible purchases posted to your Card account during a billing period if the Minimum Payment Due shown on the statement for that billing period is not paid by the Payment Due Date shown on that statement.

Schwab will deposit associated funds into your eligible account approximately 8 to 12 weeks from the end of the billing period in which they are received.

Please consult with your tax advisor regarding the tax implications of any reward.