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Up to 2x
Points
$0
Annual fee
13.99%
Purchase APR (variable)
670
Recommended credit score
Review by
Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
The Fidelity® Rewards Visa Signature® Card can be a solid choice if you’re an existing Fidelity customer. Fidelity allows you to deposit all your earnings into your eligible Fidelity account.
Travel perks like 24/7 Visa Signature concierge service and travel accident insurance or lost luggage reimbursement are also included with the card — but be mindful of the foreign transaction fee.
You should get a decision within minutes. In some cases, it may take up to 10 business days if additional information is required.
Upon approval, your card and any welcome materials should arrive within seven to 10 business days.
Fidelity rewards those who have at least $250,000 to invest through Fidelity’s wealth management services. Depending on your investment funds in the Fidelity’s service, you can boost this card’s reward rate to:
Where you spend: | The amount you spend: | Cash back earned: |
---|---|---|
Dining | $2,500 | $50 |
Gas | $2,000 | $40 |
Entertainment | $1,500 | $30 |
Groceries | $3,000 | $60 |
Everything else | $6,000 | $120 |
Total | $15,000 | $300 |
Suppose you spend around $1,250 per month with this card. For $15,000 in annual spending, you would earn $300 in cash rewards.
To apply for the card, you must be a US citizen and at least 18 years old. You also must have a Fidelity account to apply online. But don’t worry if you don’t — you can easily create one.
Apply with a good to excellent credit score of 670 or higher.
Customers who are happy with the card love the cashback rate they get on their purchases. They also claim they received a high credit line.
Those who had issues with the card mostly complain about fraudulent charges not being handled well by the card issuer. Some customers also claim they never received the points they redeemed to their retirement account.
As of October 2020, Elan Financial Service, the issuer of this card, is not accredited or rated by the Better Business Bureau yet. To get the most out of this card, keep a close eye on your transactions and report any suspicious behavior early on. Also, keep record of your rewards redemptions.
You can choose between automatic cash deposit redemption to your Fidelity accounts every month — with a minimum of 5,000 points required — or you can accrue points to redeem at a later date.
Call 888-551-5144 if you need help setting up the automatic redemption. If you prefer to manage your rewards yourself, log in to your Fidelity online account and select Manage reward points.
Eligible Fidelity accounts for rewards deposits are:
Call 800-343-3548 for more information on which accounts are eligible to receive your rewards.
You can also deposit your points into your friend’s or family member’s Fidelity accounts with the exception of the Fidelity Charitable Giving Account.
If you already own a Fidelity account, the Fidelity® Rewards Visa Signature® Card could be a great addition to your wallet. You’ll earn unlimited cash back on all purchases and you can redeem your rewards as a cash deposit to your Fidelity accounts.
To compare your options, check out other cashback credit cards.