When cardholders put their rewards toward eligible Fidelity accounts, they will receive 2% cash back on all purchases, with no limits. The Fidelity Rewards Visa Signature Card and the Fidelity Investments 529 College Rewards Visa Signature Card will feature chip technology and be compatible with Apple Pay, Samsung Pay, and Android Pay.
“We are excited about Visa’s expanded agreement with Fidelity Investments and U.S. Bank, and how together we will bring cardmembers convenient, innovative and secure ways to pay while helping them earn rewards to help fund life’s most important milestones,” said the president of Visa Inc., Ryan McInerney.
Fidelity’s existing co-branded credit card portfolio, worth an estimated $1.6 billion in balances, will be acquired by U.S. Bank.
No fees, plenty of rewards
The cards will have no annual fee, low APRs, and lots of opportunities to earn rewards. For every $5,000 they spend, cardholders will earn the equivalent of $100 cash back. The catch is that they must direct deposit that cash back into an eligible Fidelity account. Eligible accounts include non-retirement accounts, like Fidelity brokerage accounts and Fidelity Cash Management accounts, as well as traditional IRA and Roth IRAs. Fidelity’s 529 College Savings plans are also eligible.
For folks who don’t want to put their credit card rewards into savings, there are other options. They can use points to book flights, hotel stays, or car rentals, they can redeem them for gift cards, or they can choose to get statement credits or shop merchandise from a rewards mall featuring electronics, clothing, sporting goods, and more.
Visa Signature benefits
As with all Visa Signature cards, these new cards will be accepted at millions of merchants across the globe, and they will come with a slew of perks. These include concierge service, lost luggage reimbursement, travel and lifestyle benefits, purchase protection, car rental insurance, and zero liability for fraud.
Current cardholders of Fidelity co-branded cards can continue to use their cards. Information about the new benefits will be sent to them, and they will be able to use all the perks and benefits offered to new cardholders.
Read Also Related News
-
20 Mar
The situation with СOVID-19 is rapidly progressing. At the moment, more than 240,000 cases have been registered worldwide. Not a single state was left untouched by the virus. A lot has already been said about precautionary measures. But...
-
28 May
In the modern world, plastic seeks to replace cash. We are so accustomed to cards - credit and debit, that we try to pay with them wherever it is possible. Especially if we are to earn cashback, points or miles rewards for these...
-
19 Nov
Tis the season to spend money we may not have on things we may not need. As the winter holidays approach, many kids are preparing their letters to the North Pole and dreaming of the presents they hope will be under the tree on Christmas...
Customer Questions
-
There are special credit cards that allow consolidation of other cards’ debts - the balance transfer credit cards. These cards usually come with a 0% intro APR on balance transfer offer. The zero introductory period varies, but as a rule it is between six months and two years. So you can find a credit card with...
-
The easiest way to find out if you have credit accounts under your name is to request a copy of all your three credit reports: Experian, Equifax, and TransUnion. The reports contain information about active credit accounts, its issuers, and the information about credit accounts balances. If you want to protect yourself...
-
To set a PIN on your credit card, you should call the credit card issuer at the number on the back of your credit card and request your PIN. After that, the issuer will mail to you your PIN. In the meantime, if you need cash, you can go to a bank office and present your credit card and picture ID.
-
The overall process of getting a credit card can take up to 30 business days. To know the status of your credit card applications you should contact the credit card issuer. A quick online search for the bank or credit card issuer's name should turn up a customer service phone number or email address. Banks and credit card...