[Rumor] American Express Charles Schwab Cashout Option Reduced To 1.10¢ On September 1, 2021

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We’re hearing lots of grumblings that the 1.25¢ American Express Schwab cashout option will be reduced on September 1, 2021 down to 1.10¢.

It’s been discussed lately that some change is brewing as Schwab has been taking off and putting back the 1.25 verbiage. Just today the rumor is getting stronger from various conversations with customer service who are saying that the rate will go down to 1.10 on September 1, 2021. Here’s an image of an (alleged) chat with Amex about this.

My personal inclination is to believe this information is true based on the specificity of the amount and date. We’ll see…





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