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Fidelity Credit Card
Fidelity Retirement+Rewards+American+Express Credit Card

(3.5/5 - 39 Votes)
Net Annual Rewards
$432
of Fidelity Account
Reward Rate
2.00%
Annual Fee
$0
Signing Promo
None
"...This card earns 2% back at Costco, which is better than the Costco card itself. You can get 2% back at Costco if you pay the $50 annual difference to upgrade from a Gold Star membership to an Executive membership, but this is the better solution...." (see all 2 comments)
APR, variable*
APR:
13.99%
Default:
29.99%
Cash Adv:
24.24%
Intro APR Promotions
Purchase:
None
Transfer:
0% for 7 mos
Summary
  • Earn 2% on purchases
  • Rewards deposit into Fidelity account
Credit Card Review: Fidelity Credit Card

This Fidelity family of American Express cards, (Investment Rewards American Express and the Retirement Rewards American Express) are the best 2% rewards cards out there.

Few cards have a 2% base rate of return. At present those cards include:

  • Discover Escape: Fidelity’s Amex network has broader acceptance than Discover’s network. Also, you must weigh the $60 annual fee for Discover Escape against the 25,000 points signing bonus (Fidelity has no annual fee and no signing bonus). In this situation, if you plan to only hold the Discover card for less than 4 years, the bonus more than outweighs the annual fee.
  • Wyndham Rewards: You end up with hotel points, which are less flexible than cash.
  • Capital One No Hassle Miles Ultra, for Professionals with Excellent Credit: We are not a big fan of Capital One miles, because in practice you have to save up until you have a complete plane ticket on one card before you can redeem. Also, there is not a cash redemption option. To add to the list of negatives, there is an annual fee and no signing promotion.
  • Chase’s Subaru Card: This card earns 3%, but rewards are capped at $500 a year. Also, it is not useful if you don’t own a Subaru.
  • If you have a Charles Schwab account, you may still be able to get a 2% card from them by calling their 800 number.

    • In general, the Fidelity cards rank well for people with Fidelity savings accounts, and who do not spend enough on gas, groceries, and restaurants to benefit from the bonus rewards from cards like Amex Blue Cash or Costco TrueEarnings.

    Keep in mind that Fidelity rewards must be deposited into Fidelity savings accounts – if you do not want to open one, consider trying the next best card on the list.

    Compare To Our Most Popular Cards For The Category

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    Compare To Capital One® Venture℠ Rewards Credit Card

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    Reward Details & Calculator

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    Rewards Type: Fidelity Account

    Signing Promotion
    $0
    Estimated Annual Rewards
    $21,600 * 2.00%
    $432
    Annual Fee, 2 yr avg
    $0
    Annual Rewards (Rewards less Fees)
    $432

    Calculate Interest & Finance Charges

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    Use the sliders to the left to calculate balance transfer interest and APR interest for this particular card.

    Finance Charge, Balance Transfer of $10,000*

    Balance Transfer Fee, 4.0%
    $400
    Promo APR, First 7 months
    $0
    APR, 17 months
    $2,265
    Total
    $2,665

    *Average APR for Balance Transfers of 11.9% includes transfer fees and APR promotions.

    Effective Annual Rate, Purchases

    Promo EAR, 0 months
    0.00%
    Ongoing EAR, 24 months
    14.92%
    Total EAR, 24 months
    14.92%

    APR Rankings

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    APR
    13.99%
    ranks #1370 out of 1750 cards.
    Average is 11.76%.
    Balance Transfer Fee
    4%
    ranks #1257 out of 1640 cards.
    Average is 1.75%.
    Cash Advance APR
    24.24%
    ranks #755 out of 1016 cards.
    Average is 18.81%.

    Rewards Rankings

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    Annual Fee
    $0
    ranks #1 out of 1794 cards.
    Average is $9.
    Base Reward Rate
    2%
    ranks #5 out of 935 cards.
    Average is 0.99%.
    Effective Reward Rate
    N/A
    Sign-up Bonus
    $0
    ranks #1783 out of 1783 cards.
    Average is $28.
    • http://twitter.com/Aaronglass2 Aaron glass

      This card earns 2% back at Costco, which is better than the Costco card itself. You can get 2% back at Costco if you pay the $50 annual difference to upgrade from a Gold Star membership to an Executive membership, but this is the better solution.

    • Pantz

      You CAN get 2% cash with this card. Despite what card being marketed at 2% into your investment accounts, you can have them send you a check through their website. I personally prefer this over Cap1 Venture. I rarely make international purchases (I have a cap1 for that!) so I appreciate no annual fee.

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    *Disclaimer: We try to keep information accurate and up to date, however we cannot make warranties regarding the accuracy of our information. Please verify FDIC Insurance / NCUA Insurance status, credit card information, and interest rates during the application process.