Citi Double Cash vs Fidelity Amex

[DigitalArk]

I am curious to see which one would you prefer and why? I closed my Fidelity Amex and transferred the CL to my BoA Travel Rewards.

I don't like the fact that Fidelity Amex's rewards expire every 5 years, even though I know I could redeem it before it expires.

[Creditaddict]

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@DigitalArk wrote:

I am curious to see which one would you prefer and why? I closed my Fidelity Amex and transferred the CL to my BoA Travel Rewards.

I don't like the fact that Fidelity Amex's rewards expire every 5 years, even though I know I could redeem it before it expires.

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The whole purpose of the Fidelity amex is to transfer to a fidelity account and invest... if you leave them sitting on your account you are not earning 2% and they should expire! you move them to a cash management account they can't expire.

[DigitalArk]

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@Creditaddict wrote:

The whole purpose of the Fidelity amex is to transfer to a fidelity account and invest... if you leave them sitting on your account you are not earning 2% and they should expire! you move them to a cash management account they can't expire.

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I knew. I had it set up to auto transfer to my Fidelity CMA as soon as it accumulated $50+. 

[enharu]

Don't have either but the double cash is a better option. It's a MasterCard, so it's more widely accepted.

Citi's protection coverages may be slightly better or they may be the same. That's not a big deal however.

And for picky people on this forums, citi is sometimes able to process SP CLIs. FIA is strictly HP CLI only.

[DigitalArk]

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@enharu wrote:
Don't have either but the double cash is a better option. It's a MasterCard, so it's more widely accepted.

Citi's protection coverages may be slightly better or they may be the same. That's not a big deal however.

And for picky people on this forums, citi is sometimes able to process SP CLIs. FIA is strictly HP CLI only.

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They offer virtual account number for online shopping, which is a really cool feature that I love!

[jsucool76]

Citi has a lower minimum redemption threshold as well. It also doesn't require an existing relationship to acquire. The fid amex requires a banking relationship. 

[Membersince2013]

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@jsucool76 wrote:

Citi has a lower minimum redemption threshold as well. It also doesn't require an existing relationship to acquire. The fid amex requires a banking relationship. 

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That explains why i was approved lol. My credit score stinks right now (648) but i still got a 6k limit.

[Involver]

Both.

[wacdenney]

I don't have the DC, but I'm honestly not a big fan of Citi.  I will have it once my CDP hits the 12 month mark and I PC that sucker but I can't imagine I will use it often.  I rarely ever stumble into a place where AMEX isn't accepted and my general distaste for Citi will likely insure that the card remains in the SD.

I love my Fidelity AMEX and FIA has been nothing but good to me.  Unfortunately I can't say the same about Citi.  Maybe I'll come around once I actually have the card?

[longtimelurker]

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@jsucool76 wrote:

Citi has a lower minimum redemption threshold as well. It also doesn't require an existing relationship to acquire. The fid amex requires a banking relationship. 

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Well, requires that you open a CMA for best redemption, which is a very low threshold, but still a threshold.

To me, the major differences for normal expenses are:

1) Lower redemption threshold on DC

2) Greater acceptance on DC

3) Lower FTF on Fidelity

1) is the only one that really matters to me (I would a true no-FTF card when needed) so I have switched my Fidelity use to DC, except for

4) Amex giftcards count as CA on DC

so those purchases will continue on Fidelity.