How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Fidelity® Rewards Visa Signature® Card Review

LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
4.1
Fidelity® Rewards Visa Signature® Card
Rewards Rate
Unlimited 2% cash back on everyday purchases into your eligible Fidelity account
APR
19.24%
Cash Back Details
No Rewards Points limits, expirations or restrictive categories
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
Citi is an advertising partner.

Our take: For Fidelity customers that are focused on investing for the future, the Fidelity® Rewards Visa Signature® Card is a great cash back credit card choice.

Pros and cons

  • $0 annual fee
  • High rewards rate
  • Foreign transaction fee: $0
  • Earn more with Fidelity Rewards+
  • Requires excellent credit
  • Rewards go into an eligible Fidelity account
  • Must be a Fidelity customer

Is the Fidelity® Rewards Visa Signature® Credit Card a good card?

The Fidelity® Rewards Visa Signature® Card is a good credit card choice for a very specific consumer. If you’re a Fidelity customer with excellent credit who doesn’t need to use their cash back rewards now, this may be the card for you.

If that isn’t you, a generic cash back credit card or rewards credit card is a better choice. There are many solid credit cards that offer similar rewards rates without a high credit score requirement. Additionally, many cash back cards make it easier to redeem your rewards as statement credit or deposited in your bank account, where you can use them immediately. With the Fidelity® Rewards Visa Signature® Card, your rewards are deposited into your retirement account. You may have to wait 20 years or more to access your rewards without penalty.

Quick facts

    • Earn unlimited 2% cash back into your eligible Fidelity account
    • No Reward Points limits, expirations or restrictive categories
    • No annual fee
    • Named Kiplinger's Best Rewards Credit Card for Cash Back for Savers 2018
  • Recommended Credit
    Credit scores ranges may vary. Your individual chance at approval may vary due to factors such as creditors using a particular variation at their discretion
  • 720 850
    Excellent
  • Works with ApplePay®, Google Pay™ and SamsungPay
  • 24/7 cardmember support
  • Visa Signature® Concierge service
  • Zero fraud liability
  • Purchase security
  • Travel accident insurance
  • Roadside dispatch

Intro Purchase APR

N/A

Regular Purchase APR

19.24%

Intro BT APR

N/A

Regular BT APR

19.24%

Annual Fee

$0

Cash Advance Fee

Either 5% of the amount of each advance or $10 minimum, whichever is greater

Foreign Transaction Fee

$0

Balance Transfer Fee

$5 or 3% of the transfer amount, whichever is greater

What we like about the Fidelity® Rewards Visa Signature® Card

  • $0 annual fee

    You don’t have to worry about an annual fee eating into your savings with the Fidelity® Rewards Visa Signature® Card, because it doesn’t charge one. Note that this is a fairly standard feature for a cash back credit card, as most come with no annual fees.

    That said, some premium rewards cards do charge an annual fee which may be offset by the higher rewards rate or other perks that it offers.

  • High rewards rate

    The Fidelity® Rewards Visa Signature® Card lets you unlimited 2% cash back on everyday purchases. There are no categories with higher earning potential and no categories to opt into. This is one of the highest rates that you can earn on a flat-rate cash back credit card.

    While this rate is nothing to scoff at, do note that there are other cards that offer the same simple, flat-rate rewards. And when it comes to rewards credit cards that offer tiered rewards, some cards have categories that give you up to 8% cash back in certain spending categories.

    A tiered rewards card may net you higher rewards if you maximize the categories that offer elevated rewards. For example, the Blue Cash Preferred® Card from American Express has an average rewards rate of 2.6 cents per $1 thanks to the higher rewards rate on categories including groceries, gasoline and streaming subscriptions. Four of the six cards below offer the potential to earn more than 2% cash back (or 2 cents per dollar).

    CardAverage rewards earned per $1 spent*
    Blue Cash Preferred® Card from American Express$0.026
    Capital One SavorOne Cash Rewards Credit Card$0.022
    Chase Freedom Unlimited®$0.021
    Citi Custom Cash® Card$0.021
    Fidelity® Rewards Visa Signature® Card$0.020
    Citi Double Cash® Card$0.020
    *Assuming $20,000 annual spend and spending based on U.S. Bureau of Labor statistics. See our methodology for more details.
  • No foreign transaction fees

    The Fidelity® Rewards Visa Signature® Card has no foreign transaction fees, so don’t forget to take it with you when traveling abroad. These fees can quickly add up on a trip, so this card has the potential to save you a significant amount of money on foreign transaction fees alone.

    This is one feature that sets it apart from its primary competitors. The Citi Double Cash® Card and the Wells Fargo Active Cash® Card both charge foreign transaction fees.

  • Earn more with Fidelity Rewards+

    Fidelity Wealth Management Clients can earn up to an additional 1% cash back on purchases by enrolling in the free Rewards+ program. This could make it one of the highest earning cash back cards around, if you’re a high roller with a large enough account to qualify for it.

    You’ll need to have at least $250,000 in eligible assets to begin earning extra rewards, and you only reach the full 3% cash back rate once you have $2 million in assets with Fidelity.

What to watch out for with the Fidelity® Rewards Visa Signature® Card

  • Must be a Fidelity customer

    The Fidelity® Rewards Visa Signature® Card is only open to Fidelity customers. While it’s not particularly difficult to open an account, it’s a definite drawback for those who aren’t looking to open a brokerage account or are established elsewhere.

    Fortunately, there are other 2% cash back credit cards from which you can choose, if a high earning rate is a top priority. Here’s a look at a few cash back credit cards and how they compare in terms of sign-up bonuses, rewards and redemptions.

    CardCash back rateApplication restrictionsSign-up bonusRewards redemption restrictions
    Fidelity® Rewards Visa Signature® Card2%Must be Fidelity customerNoneRewards go into Fidelity account
    Wells Fargo Active Cash® Card2%NoneEarn a $200 cash rewards bonus after spending $500 in purchases in the first 3 monthsNo significant restrictions
    Citi Double Cash® CardUp to 2%NoneEarn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.No significant restrictions
  • Rewards go into an eligible Fidelity account

    Your rewards from the Fidelity® Rewards Visa Signature® Card go straight into your Fidelity account.

    Depending on the type of account you have, you may not have access to them for many years or decades. Forced savings can be a good thing since your rewards may grow and compound over time. But if you want the flexibility to redeem your awards as soon as you earn them, this card isn’t for you.

    You’ll find more flexible cash back cards from Chase and Capital One that allow you to redeem any amount of cash back as a statement credit or deposit to your bank account.

  • Requires excellent credit

    In addition to being a current Fidelity customer, you need to have excellent credit to have the best chance of being approved for this card. If you are new to credit or working to rebuild your credit history, you can find credit cards for bad credit that allow you to earn rewards.

  • No 0% intro period

    Many cards offer a 0% intro APR on new purchases, balance transfers or both, but the Fidelity® Rewards Visa Signature® Card does not. Because of this, you should only use it for purchases that you can pay off within the grace period to avoid paying interest on your purchases.

Alternate cash back cards

Fidelity® Rewards Visa Signature® Card vs. Citi Double Cash® Card

| Disclosures
Citi Double Cash® Card
Citi Double Cash® Card
apply-now-icon Apply Now
on Citibank's secure site
Rates & Fees
N/A
19.24% - 29.24% (Variable)
$0
Earn 2% on every purchase with unlimited 1% cash back when you
  • Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
600 660 720 850
Fair / Good / Excellent

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


 
The Citi Double Cash® Card has a similar earning rate, with fewer restrictions and a sign-up bonus to boot. You Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24.

Rewards are easily redeemable for statement credit, cash or can be transferred to travel partners. While excellent credit is helpful, applicants with Fair / Good / Excellent credit can apply.

It also offers an intro APR of 0% intro APR for 18 months on Balance Transfers. After that, the APR will be 19.24% - 29.24% (Variable), based on your creditworthiness. Note that you do not earn rewards on balance transfers and there is no intro APR for new purchases.

Fidelity® Rewards Visa Signature® Card vs. Chase Freedom Unlimited®

| Disclosures
Chase Freedom Unlimited®
Chase Freedom Unlimited®
apply-now-icon Apply Now
on Chase's secure site
0% Intro APR on Purchases for 15 months
20.49% - 29.24% Variable
$0
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier r
  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24%.
  • No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
  • Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
  • Member FDIC
660 720 850
Good / Excellent

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


 
The Chase Freedom Unlimited® card comes with a $0 annual fee and a sign-up bonus. It lets you earn at least 1.5% cash back on all purchases, with a higher percentage earned on drugstore purchases and dining at restaurants (including takeout and eligible delivery services) and travel through Chase TravelSM. There’s no minimum to redeem your rewards and you can get direct deposit or statement credit. You can get more value for your points by transferring them to Chase Sapphire Preferred® Card and using them to book travel through the Chase TravelSM portal.

Fidelity® Rewards Visa Signature® Card vs. Blue Cash Preferred® Card from American Express

| Disclosures
Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
apply-now-icon Apply Now
on American Express's secure site
Rates & Fees
| Terms Apply
0% on purchases for 12 months
19.24%-29.99% Variable
$0 intro annual fee for the first year, then $95.
Earn 6% Cash Back at U.S. supermarkets on up to $6,000 per
  • Earn a $250 statement credit after you spend $3,000 in eligible purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 intro plan fees on plans created during the first 12 months from the date of account opening. Plans created after that will have a monthly plan fee up to 1.33% of each eligible purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low Intro APR: 0% on purchases and balance transfers for 12 months from the date of account opening. After that, your APR will be a variable APR of 19.24% - 29.99%.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations.
  • 3% Cash Back on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit on Amazon.com at checkout.
  • $84 Disney Bundle Credit: With your enrolled Blue Cash Preferred Card, spend $9.99 or more each month on an auto-renewing Disney Bundle subscription, to receive a monthly statement credit of $7. Valid only at Disney Plus.com, Hulu.com or Plus.espn.com in the U.S.
  • Terms Apply.
660 720 850
Good / Excellent

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


 
Although Blue Cash Preferred® Card from American Express isn’t a simple flat-rate rewards card, and it charges an annual fee ($0 intro annual fee for the first year, then $95.) it’s potentially more valuable than any of the cards above. The welcome offer is easily attainable and is issued as a statement credit.

This card offers one of the highest credit card rewards rates at U.S. supermarkets, plus elevated rewards at U.S. gas stations and for select streaming subscriptions. For those who are able to max out the spending threshold on groceries and use the card as their primary credit card for all spending each year, the card more than pays for itself.

Example earnings:

  • 6% of $6,000 at U.S. supermarkets = $360
  • 3% of $2,000 at U.S. gas stations = $60
  • 1% on $12,000 in other spending = $120
  • Total on $20,000 annual spending = $540

Is the Fidelity® Rewards Visa Signature® Card right for you?

The Fidelity® Rewards Visa Signature® Card is not for everyone. If you’re a Fidelity customer and qualify for the card, this is one of the highest-earning cards you’ll find, especially if you qualify for Rewards+. However if you don’t have a Fidelity account, you should look elsewhere because there are plenty of good alternatives.

Consider a cash back credit card like the Citi Double Cash® Card or Wells Fargo Active Cash® Card. These cards both offer the same rewards rate with few limitations when it comes to redeeming rewards and there are no restrictions to keep you from applying.

Learn More
on Fidelity's secure site
*To see rates & fees for Blue Cash Preferred® Card from American Express, please click here.

The information related to the Fidelity® Rewards Visa Signature® Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.