![]() ![]() The Fidelity® Rewards Visa Signature® Credit Card * earns the same flat-rate 2% cash back as the Citi Double Cash Card (which earns 1% when you buy and 1% when you pay for those purchases). Thus, the 2% cash back rate of the Fidelity Rewards Visa Signature would generate $732.54 in cash back for this household.įidelity® Rewards Visa Signature® Credit Card * vs. The 70th percentile of wage-earning households bring in $116,000 annually and have $36,177 in expenses that could be charged to a credit card. To arrive at this number, Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. For people who put all of their expenses on this card, each year the 2% cash back on every eligible net purchase will return $700 or more in rewards. The flat 2% cash back on every eligible net purchase of the Fidelity® Rewards Visa Signature® Credit Card * makes calculating potential rewards easy. Because these redemptions aren’t as valuable, it’s best to set up redemption to a Fidelity account to ensure you get the full 2% value on your rewards. You can also redeem points for travel or merchandise, gift cards or statement credits, but your points will be worth less when you use these redemption methods. It’s FDIC-insured and offers ATM fee reimbursement worldwide. The Fidelity Cash Management Account is an alternative to a traditional checking account. A minimum of 2,500 points must be accrued for redemption.Įligible Fidelity accounts include brokerage and Cash Management accounts as well as Fidelity IRAs, HSAs, Charitable Giving accounts, and the 529 College Savings Plan account. You can redeem points by direct deposit into an eligible Fidelity account for 2% cash back on every eligible net purchase in any amount at any time. There are no spending limits or other restrictions on reward earnings. ![]() When redeemed for deposit into a qualifying Fidelity account this is equivalent to 2% cash back on every eligible net purchase. ![]() This card earns two points per dollar on all purchases. ![]() However, these options come with a lower redemption value. If you don’t have or want to open a Fidelity account, you can redeem points toward travel, merchandise, gift cards or a statement credit. The one caveat here is you must open a Fidelity account if you don’t already have one to get the best value for your earnings. What’s unusual about the redemption options with this card is that you can deposit those earnings into nearly any type of Fidelity account, including retirement savings accounts like a 401(k), 529 plan or an HSA. The 2% cash back on every eligible net purchase earning rate is among the best flat-rate rewards programs you’ll find on any credit card and it comes with no annual fee or limit on earnings.Įarning on the card is straightforward: Every dollar spent earns 2% cash back on every eligible net purchase when redeemed as a direct deposit into your qualifying Fidelity account. The Fidelity® Rewards Visa Signature® Credit Card * is a fantastic option for people who want a simple way to earn cash back on all credit card spending and have or plan to have an account with Fidelity. ![]()
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