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What we like:
Earn unlimited 2% cash back on all purchases without having to worry about rotating bonus categories
|Rewards Rate||Unlimited 2% back on all purchases|
- No annual fee
- No limits to the rewards you can earn
- Rewards don’t expire
- $0 fraud liability
- Visa Signature benefits (purchase protection, auto rental insurance, emergency travel assistance, and more)
- Hotel and travel discounts
- No signup bonus
- No introductory 0% APR for purchases or balance transfers
- 1% foreign transaction fees
- Minimum 5,000 points for a cash deposit into eligible Fidelity accounts
- Rewards redeemed for anything other than Fidelity deposits (e.g. travel or merchandise) lose half their value
Recommended Credit Score
- Excellent credit
Fidelity Credit Card Review: A Great Card for Investors
If you want to use credit card rewards to start investing, the Fidelity Rewards Visa Signature card is an ideal choice. You’ll earn 2x points on all purchases, and reward points can be deposited in up to five different Fidelity accounts. However, if you’d prefer more flexible redemption options, you should consider other alternatives instead.
In this review:
- Fidelity Credit Card Benefits
- Downsides of the Fidelity Rewards Credit Card
- How it Compares to Similar Cards
- Fidelity Credit Card Login
Fidelity Credit Card Benefits
The Fidelity Rewards credit card offers some great benefits for cardholders, including straightforward rewards that are on par with competitors.
The Fidelity credit card offers a generous rewards program with unlimited 2% cash back on all purchases. For cardholders who don’t like keeping track of rotating bonus categories or quarterly caps, the simplicity of Fidelity’s rewards program can be a welcome relief.
The bad news is those cash back rewards lose value unless they’re deposited in an eligible Fidelity account, which includes brokerage accounts, retirement accounts, 529 college savings plans, and health savings accounts. If you choose to redeem rewards for travel, merchandise, gift cards, or a statement credit, you essentially cut the value of your rewards in half.
Travel and Shopping Perks
The Fidelity Rewards Visa Signature card provides access to 24-hour concierge service through Visa Signature Concierge. This means you can get help booking trips or getting tickets to entertainment and sporting events. You’ll also enjoy travel and emergency assistance services such as lost luggage reimbursement, travel accident insurance, and roadside assistance.
Fidelity cardholders may also be eligible for special offers at premium retailers, as well as discounts on hotels and transportation when they book through the Visa Signature Luxury Hotel Collection.
Downsides of the Fidelity Rewards Credit Card
Unfortunately, the Fidelity investments credit card has some downsides to consider, including:
- 1% foreign transaction fee
- No intro APR for purchases or balance transfers — see the best 0% APR credit cards
- No sign-up bonus for new cardmembers — see the best credit card sign-up bonus offers
- Limited travel perks — see the best travel credit cards
How it Compares to Similar Cards
The Fidelity Rewards card’s unlimited 2x rewards program is simpler than cards that offer bonus points on certain types of spending. But if boosting your retirement contributions isn’t a priority for you right now, you might be better off with other cash back cards that offer more ways to redeem.
Fidelity Rewards Visa Signature Card vs. Citi Double Cash Card
Like the Fidelity Rewards Visa Signature card, the Citi Double Cash card offers 2% cash back on all purchases — 1% at the time of purchase and 1% when the purchase is paid off. Fidelity, on the other hand, gives you your full 2% cash back all at once.
However, the Citi Double Cash card does have something Fidelity doesn’t: a 0% introductory APR on balance transfers for up to 18 months, which could be useful if you have high-interest credit card debt you’d like to pay off without incurring more interest charges.
Neither card charges an annual fee, and both aim to make using rewards points simple for cardholders. But if you want to redeem rewards for anything other than investment account deposits, Citi is the way to go — even if it isn’t as flashy as some other cash back cards when it comes to bonuses or added perks.
Fidelity Credit Card Login
New cardmembers can apply for a card through Fidelity.com. If you already have a Fidelity account, you can sign in and shortcut the application process. If you have questions about applying or logging in, you can also contact a customer service representative via phone at 888-551-5144.
If you aren’t looking to transfer a balance or pay for large purchases interest-free over time, the Fidelity Rewards Visa Signature card is a decent option, especially if you have an existing Fidelity investments account. Cardholders searching for flexibility in redeeming their rewards, however, may be better served elsewhere.
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