American Express Charles Schwab Cashout Option Reduced To 1.10 On September 1, 2021

The American Express Platinum Charles Schwab cash out option to invest with rewards rate has been reduced to 1.10. It’s now only a 10% boost compared to a 25% boost.

This is Scheduled to take affect September 1st and everyone will get the notice on there July Statement.

The information has been confirmed via Chat with American Express.

Here is a DoC article: https://www.doctorofcredit.com/rumor-american-express-charles-schwab-cashout-option-reduced-to-1-10%C2%A2-on-september-1-2021/

h/t JC1812