Fidelity American Express Card ReviewThis Fidelity American Express Card Review is part of our travel deals series.  We’re on a mission to search for the best ways to maximize your travel and rewards balance.

The Fidelity Investment Rewards American Express card is one of the best “cash back” rewards credit cards out there.  Right now, Fidelity and American Express are offering a 5,000 bonus point signup bonus (translates into $50 cash back) after you make $500 in purchases on your new card within the first 60 days of account opening. It was voted “Best Flat Rate Rewards Credit Card” by Money Magazine in 2014, and also granted the Editor’s Choice Award at Cardratings.com.

Fidelity American Express Card Review - Investment RewardsFidelity American Express Card Review & Details

So what makes the Fidelity AMEX credit card so special?  For starters, it offers an incredibly competitive 2% cash back on ALL purchases.  Not only is this cash back rate double what most other cash back credit cards offer in the marketplace, your earned rewards can be deposited into your eligible Fidelity investment account.  Therefor, you could exponentially increase your earnings above and beyond 2% cash back over time.  There is also NO ANNUAL FEE.

Fidelity American Express card holders will earn unlimited 2% cash back on all purchases — from groceries, to dining and gasoline.  Unlimited means no monthly or yearly caps on your reward earnings.  Cash back is redeemable for cash deposits directly into a specified and eligible Fidelity account.  When you apply for the Fidelity American Express card, simply provide your investment account number on the secure application for redemption’s to be automatically claimed.  (More on eligible accounts below)

Eligible Fidelity Investment Accounts for Fidelity AMEX Deposits

Any of the following Fidelity Investment Accounts are eligible for cash rewards deposits earned on the Fidelity American Express card.

  • Brokerage account
  • Fidelity® Cash Management Account
  • Fidelity-managed 529 account
  • Retirement account

Fidelity American Express Card Offer Details

  • 5,000 point signup bonus after $500 in spend within the first 60 days of account opening
  • Earn 2% cash back on all purchases with no limits or reward caps
  • Every $2,500 spent equates to a $50 deposit
  • Deposit cash back into one account, or split it between up to 5 Fidelity accounts
  • Family members can link their Fidelity American Express cards to your Fidelity account
  • No annual fee
  • 0% Introductory APR for 12 billing cycles on any balance transfers made in the first 60 days, after that, 13.99% APR
  • Travel benefits – which include car rental coverage and damage insurance (Details)
  • Retail purchase protection offered on items purchased with your card (Details)
  • Built-in fraud protection
  • 24/7 customer support

Apply for the Fidelity American Express Card

Whenever applying for a new credit card, always read the fine print on the issuers application page to make sure you understand the offer fully before applying.  Card details presented in this post were accurate at the time of writing, and are presented without warranty.  Credit card offers change frequently, including APRs and signup bonuses.  Consumers and business professionals looking to apply for the Fidelity American Express card can call Fidelity at 1-877-518-9002.  You can also apply for the Fidelity Investment Rewards American Express card online at their secure site.

If you have been pre-selected and received this offer by mail, visit Fidelity at this link, and enter your personal secure offer code.

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3 Comments

  • ellen biren

    This is the worst credit card we have ever had
    They forget to send bills
    they don’t list the rewards on the monthly statements
    you can’t look up your statement on Fidelity
    No one at Fidelity knows what’s going on
    Hard to look up acct on FIA card svcs without answering numerous often unanswerable questions
    Their people are snippy on the phone (this is a first for a credit dard)
    They will only talk to the primary cardholder (also a first)

    • @Ellen I’m very sorry to hear about your poor customer service experience. That’s really disappointing considering the benefits of this particular cash back product are pretty great. While Fidelity is the company facilitating rewards functionality, the card account is managed by FIA card services, so Fidelity will not really be able to help you in most regards. Rewards earned SHOULD come through in your monthly Fidelity credit card statement. They can also be found on in your FIA online account. I would say that if from a customer service standpoint the Fidelity AMEX isn’t up to your standards, you might consider another 2% cash back card like the Citi Double Cash card. While you won’t get the automatic transfers into your brokerage account, manually transferring cash back into your account might save you the headache.

  • Christian Hughes

    This is absolutely the worst service card I’ve ever owned in 50 years of using credit cards for purchases. The 2% cash back is very attractive but after that it’s nothing but hassle. I’ve used it for the better part of two years, so I believe I’ve given it a fair chance. After spending many thousands of dollars a month and always paying 100% of my monthly balance, they still insist on denying credit at various retail transaction sites. That’s just the half of it. Every 6 months they state my card has been compromised and insist on cancelling the card and issuing a new one. What a pain in the neck!! Everything has to be reentered into my online automatic payments. I complain vehemently stating the card has never had a fraudulent charge, but their customer service reps don’t get it. Save yourself a lot of hassle and find a better card. There are definitely better choices out there.

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