Fidelity Rewards American Express
Fidelity Rewards American Express
Fidelity Rewards American Express
Card details
Earn 2% on purchases
Rewards deposit into Fidelity account
Rates, fees & offers
Annual fee
$0
Rewards rate
2.00%
Bonus offer
None
Intro APR
Purchase: None
Transfer: 0% for 7 mos
Ongoing APR
Purchase: 14.74%, Variable
Penalty APR: Up to 30.74%, Variable
Cash Advance APR: 25.74%, Variable
Balance transfer fee
4%
Foreign transaction fee
1%
Recommended credit score
Compare to other cards
 Fidelity Rewards American Express | ||
|---|---|---|
| Learn more | Learn more | |
Annual fee$0 | Annual fee$99 | Annual fee$199 |
Regular APR14.74% Variable | Regular APRSee Terms | |
Intro APRPurchase: None | Intro APR0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 21.24%-29.99%. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
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Rating details
3
Editor's overall rating
Pros and cons
Pros
High rewards rate
No annual fee
Intro APR period on Balance Transfers
Cons
Needs excellent credit
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.
