Fidelity Rewards Visa Signature Credit Card review | finder.com

Fidelity® Rewards Visa Signature® Card review

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Fidelity® Rewards Visa Signature® Card

No annual fee and unlimited cash back on all purchases.

30-second take

  • Get this card if you want to earn unlimited cash back on everything you buy.
  • Pick something else if you want higher cash back on specific categories, or if you want an intro APR period.
  • Apply with a good to excellent credit score of 670 or higher.
Product NameFidelity® Rewards Visa Signature® Card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases16.24% variable
Introductory Purchase APR

N/A

Balance Transfer APR16.24% variable
Introductory Balance Transfer APR

N/A

Balance Transfer Fee$5 or 3% of the transaction, whichever is greater
Cash Advance Rate26.24% variable
Foreign Transaction Fee1% of the transaction value
Cash Advance Fee$5 or 3% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 30 days
Late Payment FeeUp to $38
Returned Payment FeeUp to $35
Minimum Age18 years of age
Reward Value per Dollar2x points

The basics

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.

Another unlimited cashback card

Chase Freedom Unlimited®

  • 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99 to 25.74%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Read less
Read more
Promoted

The perks

  • Reward points.
    Earn unlimited 2x points on all purchases. Redeem your points — worth one cent each — for cash deposits in up to five Fidelity accounts. You can also redeem your points for travel, merchandise, gift cards and statement credit. The value of points may differ for certain redemption options.
  • Link to your Fidelity accounts.
    Deposit your rewards into one Fidelity account or divide them between accounts. Eligible Fidelity accounts include Brokerage, Fidelity Cash Management, Fidelity-managed 529 College Savings plan, Retirement, Fidelity Go, Fidelity Charitable Giving and Fidelity HSA.
  • No annual fee.
    Enjoy the card and its benefits without paying an annual fee.

How much cashback rewards can I earn with the Fidelity® Rewards Visa Signature® Card?

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.

You’ll also like …

  • No penalty APR.
    For any late payments you make, you’ll only pay a fee of up to $38. There’s no penalty APR with this card.
  • Digital wallet.
    You can use ApplePay, SamsungPay, Google Pay and Microsoft Wallet to simplify your credit card payments.
  • Security features.
    The card comes with a hard-to-counterfeit EMV chip. You also get zero fraud liability and purchase security.
  • Travel benefits.
    Enjoy 24/7 Visa Signature concierge service and Visa Signature privileges, car rental collision damage waiver, emergency cash and card replacement, travel and emergency assistance services, lost luggage reimbursement, travel accident insurance and roadside dispatch.

What to watch out for

  • Foreign transaction fee.
    Despite having several travel features, the card may not be a solid traveling companion for trips abroad — you’ll pay fee of 1% of each transaction you make outside the US.
  • No intro APR period.
    Once you get the card, you’ll start with a variable APR of 16.24%. This is an average APR, but if you’re looking to make a large purchase or move your balance from another account with a higher APR, it may not be the right choice. Look for a 0% intro APR credit card if that’s what you need.

Compare cashback credit cards

Name Product Filter values Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
16.99% to 25.74% variable
0% for the first 15 months (then 16.99% to 25.74% variable)
0% intro APR for 15 months from account opening on purchases and balance transfers.
$0
16.99% to 25.74% variable
0% for the first 15 months (then 16.99% to 25.74% variable)
0% intro APR for 15 months from account opening on purchases and balance transfers.
$95
15.24% to 26.24% variable
0% for the first 12 months (then 15.24% to 26.24% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
15.24% to 26.24% variable
0% for the first 15 months (then 15.24% to 26.24% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
$0
15.24% to 26.24% variable
0% for the first 15 months (then 15.24% to 26.24% variable)
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. Rates & Fees

Compare up to 4 providers

What should I know before I apply?

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.

What credit score do I need?

Apply with a good to excellent credit score of 670 or higher.

What do customers say about the Fidelity® Rewards Visa Signature® Card?

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.

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.

How to apply for the Fidelity® Rewards Visa Signature® Card

  1. Go to the Fidelity website and find the Fidelity® Rewards Visa Signature® Card. Click Apply now.
  2. Log in to your account and fill out the application form.
  3. Review your application and submit.

fidelity rewards visa application screenshot

How long will it take to get my Fidelity® Rewards Visa Signature® Card?

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.

I got the card. Now what?

  • Download Fidelity Investments mobile app. Use the app to pay your bill or set up automatic payments. You can also call a customer service representative through the app.
  • Enroll in digital wallet. Depending on your mobile device, you can enroll in ApplePay, SamsungPay, Google Pay and Microsoft Wallet and use your phone to make credit card payments.
  • Avoid interest and fees. Your due date is at least 30 days after the close of each billing cycle. Try to pay your balance by then to avoid paying a late payment fee of up to $38 and a variable APR.
  • Customer service. Call 888-551-5144 if you have any questions and a customer service representative will assist you.

How do I redeem rewards from the Fidelity® Rewards Visa Signature® Card?

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:

  • Traditional IRA
  • Roth IRA
  • Rollover IRA
  • SEP IRA
  • Fidelity Charitable Giving Account
  • Fidelity HSA
  • Fidelity-managed 529 College Savings Plan

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.

Bottom line

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.

Frequently asked questions.

Kliment Dukovski

Kliment Dukovski is a writer who specializes in global financial markets and personal finance, with a focus on credit cards. His main goal is to deliver honest and accurate information to help you make the right financial decision. When he's not writing about finance-related subjects, he writes sci-fi stories.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site