Fidelity® Rewards Visa Signature® Card 2024 Review: 2% Cash Back on All Purchases

Quick Review

The Fidelity® Rewards Visa Signature® Card is a no-annual-fee credit card that offers a simple rewards program and a suite of useful benefits. Here’s what to consider when deciding whether to apply for the Fidelity credit card:

• 2% cash back: This card’s 2% rewards rate is great for a flat-rate card—1%–1.5% cash back are more common flat rates. The program is also easy to manage, as you don’t need to activate rewards categories or plan your spending from season to season to maximize your points.
• Fidelity customers earn more: If you have a Fidelity account, you can hike up your rewards rate to 1.25%–3%. While this is a huge boost for an everyday cashback rate, not everyone will qualify. You must be a member of the Fidelity Rewards+ program, which requires at least $250,000 in assets in an eligible account.
• Good and bad for travel: The Fidelity® Rewards Visa Signature® Card comes with major travel benefits like travel insurance, travel assistance hotlines, and discounts and special offers on hotel stays, car rentals, and cruises. However, there’s a 1% foreign transaction fee to consider before you commit to taking this card abroad.
• No welcome bonus: A big downside of this card is that it doesn’t come with a welcome bonus. Other rewards cards offer generous bonus points, miles, or flat cash back as an incentive for signing up for a new card. If you’re a rewards-chaser, look for a different card with more to offer upfront.

In all, the Fidelity® Rewards Visa Signature® Card is a good choice for borrowers looking for a straightforward rewards card, or for Fidelity customers who want to pad their investments with credit card rewards (which can be redeemed directly to Fidelity accounts).

Fidelity® Rewards Visa Signature® Card Pros & Cons

Fidelity® Rewards Visa Signature® Card Important Details

• Annual fee: $0
• Purchase APR: 17.74% (variable)
• Rewards rate: 2%
• Welcome bonus: N/A

Fidelity® Rewards Visa Signature® Card Rates & Fees

Fees

• Annual fee: $0
• Balance transfer fee: 3% or $5 (whichever is greater)
• Convenience check cash advance: 3% or $5 (whichever is greater)
• Cash advance and cash equivalent advance: 5% or $10 (whichever is greater)
• Foreign transaction fee: 1%
• Overdraft protection fee: $10
• Late payment fee: Up to $41

Interest Rates

• Purchase APR: 17.74% (variable)
• Balance transfer APR: 17.74% (variable)
• Cash advance APR: 27.74% (variable)

The Fidelity® Rewards Visa Signature® Card has a great purchase and balance transfer APR. This means if you’re likely to carry a balance over from one billing cycle to the next, the Fidelity® Rewards Visa Signature® is a good card to use, as you won’t get hit with exorbitant interest charges.

Fidelity® Rewards Visa Signature® Card Rewards

The Fidelity® Rewards Visa Signature® Card earns you 2 points per dollar on all purchases (2% cash back). You can earn unlimited points and your points will not expire for the lifetime of your account.

If you are a member of the Fidelity Rewards+ program, you’ll earn rewards at a higher rate. Each level of Fidelity Rewards+ requires assets invested in Fidelity® Wealth Services, Fidelity® Strategic Disciplines, or a combination of other eligible Fidelity accounts. Here are the levels of funds you’ll need and the rewards you’ll earn:

• Gold ($250,000–$1 million): 2.25%
• Platinum ($1 million–$2 million): 2.5%
• Platinum Plus (over $2 million): 3%

Rewards Redemption

You can redeem your points for statement credits, gift cards, travel, and merchandise from participating brands.

You can also redeem your rewards as one-time or automatic deposits to up to five Fidelity accounts, including:

• Most non-retirement accounts
• Brokerage accounts
• Traditional, Roth, Rollover, and SEP IRAs
• Health Savings Accounts (HSAs)
• 529 College Savings Plans
• Fidelity Charitable® Giving Account®
• Cash management accounts

Point redemption to a retirement account or 529 plan will be counted towards your contribution limits for the year, so it’s important to keep an eye on your automatic redemptions to avoid any penalties.

No matter how you redeem your points, you’ll need to meet a 2,500-point threshold.

Points have a value of 2¢ per point when redeemed as a deposit to a Fidelity account, but point value may vary with other redemption methods.

Fidelity® Rewards Visa Signature® Card Benefits

Overdraft Protection

You can link your card to an eligible Fidelity account to establish overdraft protection. Overdrafts covered with your card will cost you a $10 fee.

Travel Benefits

The Fidelity® Rewards Visa Signature® Card comes with an impressive suite of travel benefits, offered by Visa:

• Visa Signature® Concierge service: Book travel and receive card assistance from Visa’s concierge service.
• Travel and emergency assistance services: Get referred to medical and legal services or emergency transportation through a 24/7 hotline.
• Visa Signature Luxury Hotel Collection: Enjoy special benefits when you stay at hotels in the Visa Signature Luxury Hotel Collection, including VIP Guest status and room upgrades.
• Preferred Hotels & Resorts: Save 10% on rooms booked with Preferred Hotels & Resorts and get a complimentary breakfast for two.
• Car rental offers: Save 10-15% on rentals from Silvercar by Audi, up to 25% on Avis and Budget rentals, and up to 25% on Hertz rentals, plus other deals when you pay with your card.
• Deals on cruises: Get onboard spending credits, complimentary meals, and other special offers when you book cruises with Royal Caribbean International, Princess Cruises, and Norwegian Cruise Line.
• Lost luggage protection: If you lose your checked or carry-on baggage through theft or misdirection, you’ll be reimbursed.
• Travel accident insurance: When you purchase eligible travel (including flights, train, and bus travel) with your card, you can receive $250,000 of accidental death and dismemberment coverage.
• Roadside Dispatch: Reach towing services, locksmiths, and get other auto help through this 24/7 hotline.

Other Benefits

The Fidelity® Rewards Visa Signature® Card also features the following benefits and protections:

• Purchase protection that covers damage by weather events, fire, and other perils in the first 90 days after purchase
• Discounts and special offers when you shop with select merchants
• No liability for fraudulent transactions
• Link your card to ApplePay, Google Pay, or Samsung Pay

Authorized Users

You can add authorized users to your Fidelity® Rewards Visa Signature® Card for no additional fee.

Credit Reporting

The Fidelity® Rewards Visa Signature® Card is issued by Elan Financial Services, a division of U.S. Bank. U.S. Bank reports to Experian, TransUnion, Equifax, and Innovis. Comprehensive credit reporting is a bonus, since the information reported to the bureaus keeps your credit report and credit score up to date.

However, this means you need to keep up on your payments, otherwise your credit score will suffer.

Fidelity® Rewards Visa Signature® Card FAQs

Who issues the Fidelity® Rewards Visa Signature® Card?

The Fidelity® Rewards Visa Signature® Card is issued by Elan Financial Services. Elan Financial Services is a division of U.S. Bank.

What credit score do I need for the Fidelity® Rewards Visa Signature® Card?

To qualify for the Fidelity® Rewards Visa Signature® Card, you most likely need to have a credit score in the good to excellent range, which is a FICO score of 670 or higher.

Can I use the Fidelity® Rewards Visa Signature® Card for a cash advance?

You can take out a cash advance with a Fidelity® Rewards Visa Signature® Card. The type of cash advance you take out will determine the fee you pay:

• Convenience check cash advance: 3% of your transfer amount or $5 (whichever is greater)
• Other cash advances and cash equivalent advances: 5% of your transfer amount or $10 (whichever is greater)

Your cash advance will also be subject to 27.74% (variable) APR and won’t benefit from a grace period. All said, the interest and fees make cash advances costly, so try not to use this function unless it’s an emergency.

Can I use the Fidelity® Rewards Visa Signature® Card for a balance transfer?

Yes, you can use the Fidelity® Rewards Visa Signature® Card for a balance transfer.

Consolidating your credit card debt on one card can make paying off your balance more manageable. Balances you transfer to your Fidelity® Rewards Visa Signature® Card will be subject to an APR of 17.74% (variable) and a fee of either $5 or 3% of your transfer amount (whichever is greater).

This is a fairly low APR, which could make paying off credit card debt more manageable if you transfer it onto this card. However, we recommend you first consider applying for a credit card with a 0% introductory APR for balance transfers.

How do I reach customer service for the Fidelity® Rewards Visa Signature® Card?

If you have any questions about the Fidelity® Rewards Visa Signature® Card, you can contact customer service at: (888) 325-6196

You can also contact customer service by mail at the following address:

Cardmember Customer Service

P.O. Box 6376

Fargo, ND 58125-6376

How do I apply for the Fidelity® Rewards Visa Signature® Card?

You can apply for the Fidelity® Rewards Visa Signature® Card online. If you need help with your application, you can call (888) 325-6196.

To apply for the  Fidelity® Rewards Visa Signature® Card, you must be 18 years old and reside in the US.

Should You Get the Fidelity® Rewards Visa Signature® Card?

The Fidelity® Rewards Visa Signature® Card offers a great flat rewards rate and excellent Visa benefits, making it a decent credit card if you want to avoid the fuss of category-based rewards cards. However, its lack of additional cashback categories or welcome bonus make it less lucrative than some of the competition.

If you have accounts with Fidelity, this card may be especially good for you, as you can transfer points directly into your accounts at full value.

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