Fidelity AmEx (FIA) Credit Card Review (Discontinued)

Fidelity Investment Rewards American Express Card (FIA) Review

Application Link

Benefits

  1. Earn $50 after spending $500 in first 2 months.
  2. Earn 2% cash back on every purchase you make.
  3. No annual fee.

Disadvantages

  1. FIA is an American Express card, which is not accepted as widely as Visa or MasterCard. Since 2% cash back on everything is designed for non-bonus categories, this may cause some trouble sometimes.
  2. It has foreign transaction fee, so it's not a good choice outside the US.

Recommended Application Time

  1. We recommend you apply for this card after you have a credit history of at least one year.
  2. You can have at most 1 BoA credit card if you are an undergrad student, 2 if grad student. Other people don’t have such a restriction, but BoA may cancel your credit cards to 4 if you have too many.

Summary

This card is a no-brainer choice: everything 2% cash back with no annual fee, worth applying for everyone. You probably should use this card for all transactions that don’t have 2%+ reward rate. Citi Double Cash is very similar to another card FIA, which also gives you 2% cash back everywhere with no annual fee. On the one hand, FIA is an AmEx card, which is not accepted as widely as MasterCard; on the other hand, FIA has AmEx Offers, which could be give you more rewards. We recommend Citi Double Cash if you don’t want to spend time on AmEx Offers.

Historical Offers Chart

This card is discontinued on 2015.12.28.

Application Link


Share this post with friends

If you like this post, don't forget to give it a 5 star rating!

[Total: 0    Average: 0/5]
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.