Fidelity Credit Cards: Earn Cash Back and Save for Retirement

Fidelity credit cards offer a range of benefits, including cash back rewards and the ability to save for retirement.

You can earn up to 5% cash back on purchases in certain categories, such as gas stations, grocery stores, and restaurants, with the Fidelity Rewards Visa Signature Card.

The cash back rewards can be redeemed for a statement credit, deposited into your bank account, or applied to your Fidelity Investments account.

Fidelity also offers a credit card with no annual fee, making it a great option for those who want to earn rewards without paying a fee.

With the Fidelity Rewards Visa Signature Card, you can earn 2% cash back on all purchases, with no rotating categories or spending limits.

The Fidelity Rewards Visa Signature Card offers a flat rewards rate of 2% cash back on every purchase, making it a top-notch option for those who prioritize saving money for future goals.

You can earn 2% cash back as long as you park your rewards in an eligible Fidelity account.

This card is issued by Elan Financial Services and is a great option for those who already have or are willing to open a Fidelity account.

If you don't already have a Fidelity account and would rather spend your rewards as soon as they're earned, you can find other credit cards that offer 2% back on everything, but be aware that they may have their own downsides or hoops to jump through.

The Fidelity Visa card offers a range of benefits that make it a great option for frequent travelers and everyday spenders alike. One of the standout perks is the TSA PreCheck and Global Entry credit, which can cover the cost of a TSA PreCheck application and nearly cover the cost of Global Entry, all for a $0 annual fee.

This credit is a significant advantage, especially considering it's not common for a no-annual-fee card to offer it. Additionally, the card's rental car insurance is a rare benefit for a non-travel card, providing secondary coverage for rental cars.

Here are the major benefits of the Fidelity Visa card:

The Fidelity Rewards Visa Signature Card offers a range of benefits and features that make it a great choice for cardholders. One of the standout perks is the ability to earn rewards on your purchases, but that's not all.

Travel benefits and credits are also included, making it a great option for those who travel frequently. The card offers a TSA PreCheck and Global Entry credit, which can cover the cost of a TSA PreCheck application and almost cover the cost of Global Entry, all for a $0 annual fee.

Rental car insurance is also a rare but valuable benefit, offering secondary rental car coverage that's typically reserved for travel-related products. This means you can have peace of mind when renting a car, knowing you're protected in case of an accident.

Here are some key benefits and features of the Fidelity Rewards Visa Signature Card:

Saving for Retirement is a great goal to have, and the Fidelity Rewards Visa Signature Card can help make it easier. Rewards can be deposited directly into eligible Fidelity retirement accounts, including a traditional IRA, Roth IRA, and rollover IRA.

You can use your rewards to contribute consistently to your retirement savings without having to think about it. This can be a big help in building a nest egg over time.

Fidelity retirement accounts that qualify for rewards include a traditional IRA, Roth IRA, and rollover IRA. However, Fidelity 401(k) plans don't qualify to receive the rewards.

Depositing your rewards into a retirement account can be a great way to make saving for retirement a habit. It's an easy way to make progress on your long-term financial goals.

You can deposit your rewards into one eligible Fidelity retirement account or divide them up among several (up to five qualifying accounts). This gives you flexibility in how you use your rewards.

With the Fidelity Rewards Visa, you can use your rewards immediately for travel, merchandise, gift cards, or statement credits. The redemption value is lower than investing in an investment account.

You have the flexibility to choose how you use your rewards, but keep in mind that the redemption value is lower than other options.

The Fidelity Rewards Visa offers a range of redemption options, including travel and merchandise, but the lower redemption value may not be the best choice for everyone.

The Fidelity Rewards Visa Credit Card has a few fees to be aware of. The annual fee is a whopping $0, so you won't have to worry about that.

You also won't have to pay a foreign transaction fee if you use your card abroad, which is a big plus if you travel frequently.

Here are the key fees to know:

It's worth noting that you'll need excellent credit to qualify for this card.

If your credit is excellent, you're in luck - the Fidelity Rewards Visa Signature Card is available to you, but only if you have a FICO score of 720 or higher.

The Fidelity Rewards Visa Signature Card is marketed to people with excellent credit, which is a big deal since it offers rewards and benefits that are hard to pass up.

You'll need to have a strong credit history to qualify for this card, so if your credit is good but not excellent, you might want to consider building it up before applying.

A credit score of 720 or above is generally considered excellent, but keep in mind that credit card issuers will also look at your income and other information when making a decision.

The Citi Double Cash Card is a great alternative if you don't have excellent credit, as it's available to a wider range of applicants and offers 2% back on all purchases.

Some accounts qualify for a fee-free transfer, such as IRAs, 401(k)s, and other employer-sponsored retirement accounts.

You can transfer funds from a traditional IRA to a Roth IRA, but be aware that this may trigger taxes on the transferred amount.

A direct transfer to a new account at the same bank is usually free, but be cautious of any potential fees for the receiving account.

If you're transferring funds from a bank account to a brokerage account, you may be able to do so without incurring fees, depending on the institutions involved.

Keep in mind that some accounts, like Health Savings Accounts (HSAs), may have specific rules and restrictions for transfers.

Certain retirement accounts, such as 529 college savings plans, may also have unique transfer requirements.

The Fidelity Rewards Visa Credit Card has a $0 annual fee, so you won't pay anything to keep it long-term. This is a big plus for those who want to avoid extra costs.

There is no foreign transaction fee if you use your card for international purchases. This means you can shop abroad without worrying about extra charges.

You'll also avoid late and returned payment fees, just like with most cards. But it's still a good idea to pay your balance on time to avoid interest charges.

Here's a quick rundown of the card's fees:

You can redeem rewards with the Fidelity Rewards Visa by using your points, which are worth 2% on everything you purchase when redeemed directly into a linked Fidelity account.

Fidelity Rewards Visa rewards are earned as points, and you need a minimum of 2,500 points to redeem them.

You can also redeem your points for travel, merchandise, gift cards, or statement credits, but the value of your points will be lower than 2% in these cases.

You can redeem your Fidelity Rewards Visa points directly into a linked Fidelity account, which gives you a rewards rate of 2% on everything you purchase.

To redeem rewards, you need a minimum of 2,500 points.

Rewards can be deposited directly into a Fidelity-managed 529 college savings plan, making it a great option for saving for college.

You can also use your points to fund a loved one's account, making it a thoughtful gift or a way to help out a family member.

Rewards can be redeemed for travel, merchandise, gift cards, or statement credits, but points used that way aren't worth as much.

The Citi Double Cash Card is a solid choice for those who want to earn cash back without the hassle of committing to a specific rewards account. It earns 1% cash back when you make a purchase.

This card also offers a 0% intro APR on balance transfers for 18 months, which can be a huge help if you're trying to pay off debt.

Fidelity credit cards offer a range of benefits that enhance the customer experience, including a rewards program that earns 2-5% cash back on purchases.

Fidelity's customer service is available 24/7 to assist with any questions or issues.

With Fidelity credit cards, customers can earn rewards that can be redeemed for cash, statement credits, or travel purchases, making it a convenient option for those looking to earn rewards on their daily expenses.

To get the most value from certain credit cards, you must be a customer of the issuing bank. For instance, the Fidelity Rewards Visa Signature Card requires you to deposit rewards into an eligible Fidelity account to earn 2% back on everything.

Some cards, like the Wells Fargo Active Cash Card, don't have this requirement. You can earn 2% back on all purchases without needing an existing relationship with Wells Fargo.

You're likely to get approved for the Fidelity Rewards Visa Signature Card if you have an excellent credit score, which is anything above 800 using the FICO credit score model.

The card doesn't offer a welcome bonus to new cardholders, so you won't receive any initial rewards. However, you'll earn 2 points per dollar on every purchase, which can add up quickly.

You can earn up to 2% cash back when you transfer your rewards to an eligible Fidelity account, making it a great option for those who already use Fidelity services.

The Fidelity Rewards Visa Signature Card is a top-notch option for those who want to earn 2% cash back on every purchase, as long as they don't need those rewards immediately and instead park them in an eligible Fidelity account.

Other credit cards may offer 2% back on everything, but they may have downsides like membership requirements, reward caps, or annual fees. It's essential to weigh the pros and cons before making a decision.

The Fidelity Rewards Visa Signature Card has no annual fee, and cardholders can enjoy complimentary concierge assistance when booking travel and concert tickets, along with Visa Signature travel and shopping offers at hotels and premium retailers.

Our credit card review process is designed to give you a fair and accurate assessment of each card's strengths and weaknesses. We follow a rigorous methodology to ensure that our ratings are based on a comprehensive evaluation of each card.

We consider both quantitative and qualitative features of a card. Quantitative features include fees, interest rates, rewards, and the cash value of benefits and perks. These factors are crucial in determining the card's overall value.

We also take into account qualitative factors such as the ease of application, simplicity of the rewards structure, and the likelihood of using certain features. These factors can make a big difference in how well a card performs in real-world use.

The Fidelity Rewards Visa Signature Card is a top-notch option for those who already have a Fidelity account and want to earn 2% cash back on every purchase. However, if you don't have a Fidelity account, you can find other credit cards that offer 2% back on everything, but be aware of potential downsides.

One of the main benefits of the Fidelity Rewards Visa Signature Card is that it has no caps or expiration on reward points, and you won't have to pay an annual fee. This makes it a great option for those who want to earn rewards without any hassle.

NerdWallet reviews credit cards with an eye toward both quantitative and qualitative features, including fees, interest rates, rewards, and the ease of application. They use a star rating system to give a general gauge of how each card compares with others in its class.

The Fidelity Rewards Visa Signature Card is a great everyday card for those who already do business with Fidelity and don't mind socking away their rewards in a qualifying investment account. It also offers complimentary concierge assistance and Visa Signature travel and shopping offers.

To compare the Fidelity Rewards Visa Signature Card to other similar credit cards, NerdWallet compared it to a few other options. One of the cards they compared it to offers a welcome bonus of $200 cash rewards bonus after spending $500 in purchases in the first three months from account opening, which is a nice incentive for new cardholders.