Fidelity Rewards (2% Cash Back) Credit Card Review
Video Summary
The Fidelity Rewards Visa Signature Card is a potentially valuable addition to your financial portfolio, offering 2% cashback on all purchases with no caps, limits, or expiration dates. The card has no annual fee and is compatible with mobile purchases, with security features like zero-fraud liability and travel protection. While there is a 1% foreign transaction fee, the card’s benefits make it a great option for those who want to passively invest their money.
The card earns Fidelity points, which can be redeemed at a 2% cashback rate for deposits into a Fidelity brokerage account. This can be used to fund a variety of accounts, including retirement, college savings, and charity. The card also allows for cash management and can be used to buy gift cards or fund family members’ accounts.
While the card’s 2% cashback rate is lower than some other credit cards, the fact that it has no annual fee and no expiration dates on points makes it a attractive option. Additionally, it allows for passive investing in a Fidelity brokerage account. However, it’s worth noting that the card’s 16% APR makes it important to avoid carrying a balance.