It made headlines last year when it was announced that as of March 31, 2016, Costco would no longer be partnering with American Express for its branded credit card. Now Fidelity has followed suit with the news that it, too, will no longer be issuing American Express cards after nearly 12 years of partnering with the credit card giant.
To kick off the new year, Fidelity is now offering the Fidelity Rewards Visa Signature card which is issued by US Bank. Check out the details below:
- Earn unlimited 2% cash back on every net purchase
- Every net $1 spent equals 2 rewards points
- No limits on rewards points
- No restrictive categories
- Points do not expire
- EMV chip technology
- Zero fraud liability
- No annual fee
The Fidelity Rewards Visa allows card members to deposit earned rewards into one or more Fidelity accounts including:
- Brokerage account
- Fidelity Cash Management Account
- Fidelity-managed 529 College Savings plan
- Retirement account
This card is also Digital-Wallet enabled for use with Apple Pay, Samsung Pay, and Android Pay.
Members enjoy Signature travel and shopping offers such as hotel and transportation discounts, a best available rate guarantee, beverage credits, as well as special offers at premium retailers.
There is a 1% foreign transaction fee applied to purchases made outside of the U.S. so if you frequently travel overseas you may want to consider a card that doesn’t charge this fee such as Capital One Quicksilver.
However, if you’re searching for a cash back card with a decent return, no rotating categories, plus no annual fee, the Fidelity Rewards Visa is definitely worth a look.