Fidelity rewards visa card

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Invest Your Rewards With the Fidelity Rewards Visa Signature Card

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The Fidelity® Rewards Visa Signature® Card, however, awards one of the highest flat-rate cash back among any rewards credit card. Further, if you need a little help making sure you save for your retirement or your child’s college education, using this card can help you build those accounts. If you’re looking for a strong cash back rewards credit card that offers an opportunity for saving and investing your rewards, this card is worth considering.

  • 2% cash back on all purchases
  • Invest rewards in multiple accounts

This card awards 2 points for every dollar. There is no limit to the number of points you can earn, and points do not expire. To receive a deposit you must link your eligible Fidelity account to your card. You can deposit your points into one account or divide them among several, up to five eligible accounts including brokerage accounts, 529 College Savings plans, and retirement accounts.

Easily invest your rewards. For many consumers, saving and planning for the future can be difficult and is often forgotten about. This card allows you to invest the rewards you earn from your purchases into different investment accounts, including retirement accounts and college savings accounts, quickly and easily.

Visa Signature Benefits. Enjoy all the benefits Visa Signature cards offer, including concierge and purchase protections, and special offers.

No bonus or intro APR offer. Most rewards credit cards offer new cardholders a sign-up bonus if you meet a certain spending requirement when you first open the account. If not, there is often a 0% introductory APR on purchases and balance transfers that can help new cardholders save money on interest payments. This card, however, does not offer either type of promotion for new cardholders. If you plan to make a large purchase right away, you can earn a bonus worth hundreds with cards that offer sign-up bonuses and possibly avoid paying interest for a limited time. (See also: Best Credit Cards that Offer Sign-Up Cash Bonuses)

Limited redemption opportunities. Although the rewards program is a great way to save and plan for the future, it doesn’t provide other ways to redeem your points. If you prefer to redeem rewards for cash, gift cards, or merchandise, without first depositing them into a Fidelity account, you might be better off with a card that offers more options for redemption. (See also: 5 Best Credit Cards for Cash Back)

Foreign transaction fee. Although it is one of the lowest foreign transaction fees, if you frequently travel abroad or make foreign purchases with the card, the 1% will add up. For foreign transactions, it’s best to use a card that has no foreign transaction fee at all. (See also: Credit Cards with No Foreign Transaction Fees)

This card is best for Fidelity account holders who want an easy way to contribute to their investment accounts. It provides an attractive cash back rate and the rewards structure is simple and straightforward.

Fidelity ® Rewards Visa Signature ® Card

Earn unlimited 2% cash-back on every eligible net purchase, 1 with no annual fee. 2 Help achieve your goals by funding your accounts through everyday spending. 3

Unlimited 2% cash-back 1

Every eligible net $1 spent equals 2 Reward Points

No limits on total Reward Points and no restrictive categories

Reward Points will not expire

Your Fidelity ® Rewards Visa Signature ® Card is Digital Wallet-enabled for:

Deposit your rewards 4 into one account or divide them among several. You can even use your rewards to fund a loved one's account. Choose from up to 5 eligible accounts, 5 including:

  • Brokerage account
  • Fidelity ® Cash Management Account
  • Fidelity-managed 529 College Savings plan
  • Retirement account
  • Fidelity Go ® account
  • Fidelity Charitable ® Giving Account ®

See how 2% rewards can really add up

Freedom to earn and redeem

The Fidelity ® Rewards Visa Signature ® Card has no Rewards Points caps, expirations, or restrictive categories.

You won't be charged a yearly fee just for having the card. 2

Enhanced transaction security

The EMV chip technology embedded in the card helps protect you from in-store fraud when you make purchases at chip-activated terminals.

Feel confident that you won't be held responsible for charges you didn't authorize.

Signature travel and shopping offers

Enjoy hotel and transportation discounts, a best available rate guarantee, beverage credits, and special offers at premium retailers.

Visa Signature ® Concierge 8

Access 24-hour complimentary assistance with everything from booking travel to getting concert tickets for your favorite musician.

Rely on a U.S.-based customer service team to be available at any time, day or night.

Use this card at millions of places, both in the U.S. and globally.

(Mon.-Fri., 8 a.m.-10 p.m. ET;

Sat.-Sun., 10 a.m.-8 p.m. ET)

Watch this short video to find out how getting cash back on everyday purchases can quickly add up.

Eligible accounts include most nonretirement registrations as well as Traditional IRA, Roth IRA, Rollover IRA, SEP IRA, Fidelity Charitable ® Giving Account ® , Fidelity HSA ® , and Fidelity-managed 529 College Savings Plan accounts. The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits. Full details appear in the Program Guidelines new card customers receive with their card. Contributions to Fidelity Charitable® are generally eligible for a federal income tax charitable deduction. Please consult with your tax advisor. The list of eligible registration types may change without notice at Fidelity’s sole discretion. For more information about whether a particular registration is eligible, please call 1-800-FIDELITY (800-343-3548).

Elan Financial Services provides zero fraud liability for unauthorized transactions. Cardmember must notify Elan Financial Services promptly of any unauthorized use. Certain conditions and limitations may apply.

Fidelity Charitable ® is the brand name for Fidelity Investments ® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license.

"Giving Account" is a registered service mark of the Trustees of Fidelity ® Charitable.

2018 Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd. Use only in accordance with law.

Microsoft Wallet and Windows are trademarks of Microsoft Corp.

Fidelity Go ® is a service provided by Strategic Advisers, Inc. (SAI), a registered investment adviser and a Fidelity Investments company, and by Geode Capital Management, LLC, an unaffiliated investment adviser. This service provides discretionary money management for a fee.

Fidelity Rewards Credit Card (2017.6 Update: $100 Offer)

Fidelity Rewards Visa Signature Card Review

2016.6 update: There was previously no sign-up bonus for this card, but now there is a $100 public offer. A reddit user reported that there is also a $200 targeted offer. HT: DoC.

  1. Earn a $100 bonus after you make at least $1,000 in purchases within the first 90 days.
  2. Earn 2% cash back on everything.
  3. No annual fee.
  1. It has foreign transaction fee, so it's not a good choice outside the US.
  1. We recommend you apply for this card after you have a credit history of at least two years and you are very comfortable with the credit card game.

Fidelity used to have the Fidelity AmEx (FIA) credit card cooperating with AmEx and BoA. They have since ended their partnerships and issued this Visa 2% card with no annual fee. The AmEx perks (AmEx Offers and AmEx Serve) is gone after this card became a visa card. There are another two no annual fee 2% cash back cards: Citi Double Cash (DC) (MasterCard) and Alliant Visa Platinum Rewards. I prefer DC among the three because you can get it from downgrading a card that has a huge sign-up bonus.

Fidelity® Rewards Visa Signature® Card review: Earn 2 percent cash back with a catch

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Maximizing your cash back can mean juggling multiple cards with different cash back rates for different spending categories. That can be overwhelming.

To make things even more difficult, there are cards with rotating bonus categories that change quarterly, such as Chase Freedom®. It doesn’t stop there. One card may limit bonus cash back to $1,500 per quarter while another limits bonus cash back to $6,000 per year.

The calculations could give anyone a headache. Luckily, there’s one simple cash back card that could make that headache go away: The Fidelity® Rewards Visa Signature® Card.

The Fidelity® Rewards Visa Signature® Card offers the simplicity of 2 percent cash back on all your purchases — but there’s a catch. You’ll have to redeem the two points per dollar you earn on net purchases into a qualifying Fidelity® account.

You can choose to deposit your rewards in up to five qualifying accounts with Fidelity, and many of the accounts allow you to invest in your future for goals like retirement or future college costs.

  • Earn two points per net dollar spent on purchases
  • No limit on total rewards points you can earn, no restrictive categories and no expiration date on points
  • No annual fee
  • Must redeem points in a Fidelity® account to earn 2 percent cash back
  • Other redemption options may have lower values
  • 1 percent foreign transaction fee

The rundown: Everything we like about the Fidelity® Rewards Visa Signature® Card

The Fidelity® Rewards Visa Signature® Card is a dream come true for people that love earning cash back on their purchases in a relatively straightforward way.

Here’s what we like most about it:

You don’t have to worry about remembering which spending categories to use the Fidelity® Rewards Visa Signature® Card for, because you earn two points per net dollar spent on all purchases.

Points can be used for a variety of rewards, including cash back at a value of one cent per point. Essentially, you can earn 2 percent cash back, but only if you redeem your points in a particular way. More on that later.

How do I calculate net dollars spent on purchases?

Net dollars spent on purchases are usually considered all dollars spent on purchases less any credits to your account, returns, fraudulent charges and other transaction types that don’t count toward the net amount on a billing cycle basis.

No cap or expiration date on rewards points

If earning two points per dollar spent wasn’t good enough, you can use the Fidelity® Rewards Visa Signature® Card for all of your purchases without worrying about limits on the total rewards points you can earn or about losing your points to an expiration date.

The Fidelity® Rewards Visa Signature® Card also comes with other benefits that can help give you peace of mind, including:

  • Auto rental collision damage waiver
  • Travel and emergency assistance services
  • Lost luggage reimbursement
  • Travel accident insurance
  • Roadside dispatch
  • Visa Signature® Concierge service

While the card offers these benefits and services, you may have to pay fees to use them. For instance, roadside dispatch requires a charge per service call.

Finally, if you ever have any issues you need addressed, you can contact a United States based customer service team that is open 24/7.

Heads up: What you should consider before applying for the Fidelity® Rewards Visa Signature® Card

The Fidelity® Rewards Visa Signature® Card isn’t perfect for everyone. Here are a few things to consider.

You must have a qualifying Fidelity® account for maximum point value

In order to get the full 2 percent cash back value, you must redeem your rewards points into a qualifying Fidelity® account. You have to have a minimum of 5,000 points to redeem points for a cash deposit into your eligible Fidelity® account.

You can choose to redeem your rewards points in one or several (up to five) Fidelity® accounts, including:

  • Brokerage accounts
  • Fidelity Cash Management Accounts
  • Fidelity-managed 529 College Savings plans
  • Retirement accounts
  • Fidelity Go ® accounts
  • Fidelity Charitable® Giving Account®

While redeeming your rewards in a Fidelity® account may help you save for retirement or future college costs, not everyone wants to save or invest their credit card rewards.

If you don’t have one of the above accounts, you can always open one with Fidelity to deposit your cash back. However, the hassle of managing an additional account may not be worth it, so you may want to consider cards like the Citi® Double Cash Card, which offer similar rewards but with less fuss.

Does it cost money to open a Fidelity® account?

Opening a Fidelity® brokerage or cash management account doesn’t cost money up front but certain accounts may require a minimum opening balance of $2,500. There are no trading fees for most Fidelity® mutual funds, but it does cost money to invest in individual U.S. equities.

Other redemption options have lower point valuations

While you don’t have to redeem your rewards in a qualifying Fidelity® account, you might not get as much value using other redemption options. “I do not recommend utilizing merchandise or gift cards as you lose value on the point conversion,” says Quentara Costa, owner of the financial planning firm POWWOW, LLC.

Merchandise redemption values vary, but require a minimum of 2,500 points. You can also redeem your points for travel or a statement credit, but they could also provide a lower value per point.

14.99 percent variable APR isn’t bad for a rewards card, but you might consider a different card if you’re going to carry a balance

Like many rewards credit cards, this card doesn’t have a rock bottom APR on purchases. Currently, the card offers a variable APR for purchases and balance transfers of 14.99 percent.

While the 14.99 percent variable APR on purchases and balance transfers is competitive for a rewards card, if you’re going to carry a balance you may be better off applying for a lower interest rate credit card that doesn’t offer rewards to get the most bang for your buck.

For instance, USAA Rate Advantage Platinum Visa® offers a variable APR as low as 8.15 percent on purchases.

Do the math: Is the Fidelity® Rewards Visa Signature® Card right for you?

Getting the most out of the Fidelity® Rewards Visa Signature® Card rewards program can be a straightforward process. Charge your purchases to your card, redeem your rewards in a qualifying Fidelity® account and make sure you pay your balance off in full and on time every month.

To make life easier on yourself, Costa suggests cardholders may want to “connect your rewards to your preferred account right away.” That way you can receive automatic deposits without remembering to manually redeem your points.

Even though it may be tempting, avoid redeeming your points for merchandise, travel, gift cards or a statement credit. These options can result in a value lower than redeeming directly into a qualifying Fidelity® account.

However, don’t solely focus on your rewards points. Make sure you remember to take advantage of the Visa Signature® benefits that come with the card. The benefits are especially useful if you like to travel, and they can save you money from purchasing the same protection elsewhere.

Don’t forget the card has a 1 percent foreign transaction fee, though, so if you have a card that earns more than 1 percent cash back with no foreign transaction fees, you may want to use that card abroad instead.

Fidelity® Rewards Visa Signature® Card

  • Long-term savings are simplified with this card that allows your cash-back rewards to be deposited directly into Fidelity® 401K or other investment accounts.
  • The flat 2 percent rewards earning rate is simple – no categories or caps to keep up with.
  • The card does charge a fee for foreign transactions, but at only 1 percent it's quite a bit lower than the typical 3 percent fee.
  • 2% is one of the highest flat earn rates but you could earn more in specific categories using other no annual fee cards like Discover it® - Cashback Match™ or Chase Freedom®.

Fidelity® Rewards Visa Signature® Card Essentials

Many cash back cards have a similar redemption structures, it’s typical for points to be redeemed for statement credits, travel, and gift cards. The Fidelity® Rewards Visa Signature® Card is different — it breaks the mold of what you’d expect from a rewards credit card. And different is always appreciated. Fidelity® Rewards Visa Signature® Card doles out 2% cash back for every single purchase. You can make savings automatic with this card by depositing your cash back rewards into an eligible Fidelity® account like a 401K or 529. If ‘different9rsquo; is not your thing, don’t tune out yet. There are other redeeming options you’ll enjoy: get two points for every dollar spent which can be applied toward air travel, hotels, car rentals and gift certificates.

  • No annual fee
  • $100 bonus offer after you spend $1,000 within the first 90 days.
  • Earn 2% cash back on every purchase
  • Earn 2 points for every dollar on retail purchases (points can be redeemed for air travel, gift certificates, cash, hotels and car rentals)
  • Deposit rewards into an eligible Fidelity account

What Our Editors Like Most About the Fidelity® Rewards Visa Signature® Card

Fidelity® gives cardholders two options for redeeming their rewards: automatically deposit them into an eligible Fidelity account as cash, or redeem them through the WorldPoints program for air travel, gift certificates, cash, car rentals or hotel stays. Since there’s no limit on the amount of rewards you can earn, the best way to use this card is for everyday purchases like gas, dining, groceries and monthly household expenses — if you don’t incur an additional fees for say, unpaid balances, you’ll see your points grow quickly. If you make $3,000 in purchases on a monthly basis, for example, you’ll get $60 cash back to deposit into your Fidelity® account. Eligible accounts include a Fidelity® Cash Management Account, a Fidelity-managed 529 account, retirement or brokerage account. Deposit all your rewards into one account or split them among up to five Fidelity® accounts. Once you use your points in a savings account compound interest will continue to grow your rewards. When funds are placed into an eligible investment or 529 college savings account, you’ll get tax-deferred benefits, too. The Fidelity® Rewards Visa Signature® Card has no annual fee, which is always a welcomed feature. Its foreign transaction fee is only 1% — lower than the industry standard of 3% — and the card is chip-enabled so you can use it at a variety of locations abroad without stress.

Potential Downsides of the Fidelity® Rewards Visa Signature® Card

The most obvious drawback of the Fidelity® Rewards Visa Signature® Card is that it doesn’t offer the same level of flexibility as other cash back cards. Your two redemption options are a Fidelity® account or the WorldPoints program, which may not offer the most value for your spending. For example if you need 25,000 points for coach airfare, which has a maximum dollar value of $400, you’d have to spend at least $1,670 a month for the entire year to have enough rewards for a $400 coach ticket. Compare that to the sign-up bonuses other cards offer and you’ll see, Fidelity® cardholders have to put in a lot more effort to get their rewards. Consumers who aren’t fans of delayed gratification might detest the idea of depositing their money into a Fidelity® account. Clearly it’s smart to start saving for retirement as early as possible, however, some consumers like the flexibility of using their cash back rewards whenever and however they choose — rather than waiting until they’re 70 ½ to reap these benefits from points set aside in a retirement account. If you don’t already have an account with Fidelity®, your best option is a cash management account, which has no monthly maintenance fee and doesn’t require a minimum balance. Otherwise, you’re looking at commission and trading fees of $7.95 per trade that will eat into any rewards you get.

How the Fidelity® Rewards Visa Signature® Card Compares to Other Rewards Cards

Fidelity® Rewards Visa Signature® Card vs. Citi® Double Cash Card - 18 month BT offer

The Citi® Double Cash Card – 18 month BT offer features 1% cash back when you make a purchase and another 1% cash back as you pay your balance. Neither card has an annual fee, but Citi®9rsquo;s intro offer of 0 percent APR for 18 months on balance transfers could be a nice perk if you're looking to pay off a large purchase over time. Citi®9rsquo;s redemption options are more flexible, too. Cardholders can redeem cash back for gift cards, checks or statement credits. If you want cash in your hand — or in your account — the Citi® Double Cash Card – 18 month BT offer is a better option.

Fidelity® Rewards Visa Signature® Card vs. Chase Freedom®

Both cards have no annual fee, but Chase® Freedom gives 5% cash back (the equivalent of a $150 bonus) on up to $1,500 in gas and local transportation purchases when you sign up. Unlike the 2% cash back Fidelity® offers on every purchase, Chase® Freedom gives 1% cash back on purchases. Both cards offer similar benefits, including no annual fee, purchase and price protection, car rental insurance and zero liability. However, Chase® Freedom lets you redeem rewards through an account statement credit, electronic deposit into your savings or checking account, or for gift cards, travel and merchandise. Want more cash back for the life of your card? Then go with Fidelity®. If flexibility is more important, then Chase® Freedom is your card.

You understand the importance of reaching financial goals like retirement by 65 or incurring less student debt. You also understand that financial milestones often take time and with patience and strategy you’re setting yourself up for long-term success. If you already have a Fidelity account and are looking for a no-fuss way to add to your investment or retirement savings, you should consider this card.



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