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Fidelity Investments American Express

Valued Contributor

Re: Fidelity Investments American Express

would this card work in conjunction with my fidelity 401k through work?
5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 21 of 41
Established Contributor

Re: Fidelity Investments American Express

I'm glad you asked that question.   It looks like you just need a 'Cash Management Account' which I'll open now.  It  is described as:

 


 

Fidelity Cash Management Account

  • What is the Fidelity® Cash Management Account?

    The Fidelity® Cash Management Account is a brokerage account1 for your everyday spending and short-term investing needs with all the benefits of a traditional checking account. Benefits and features include:

    • A full suite of spending and money movement features.
    • Cash balances earn interest and are eligible for FDIC insurance.2
    • FDIC insurance coverage is automatically maximized via our FDIC Deposit Sweep Program.
    • Access to short-term investments such as money market mutual funds and CDs.
    • Easy online access to your account balance and transactions.
    • The ability to link the Fidelity®Cash Management Account to your other Fidelity accounts or to your external bank or investment accounts.
    • No minimum to open and no monthly maintenance fees

     

    It looks like you could contribute to an IRA if you like though.  heres the FAQ

    https://www.fidelity.com/cash-management/faqs-rewards-credit-cards

Capital One Quicksilver- $5,400 | Chase Freedom - $8,000 | Chase Freedom Unlimited- $13,000 | Chase Amazon -$5,000 | Priceline Visa -$10,000 | US Bank Cash+ - $18,200 | Fidelity Visa -$10,000 | Sallie Mae- $10,000  | DCU Platinum $12,000 | Discover IT - $10,000 | Amex EveryDay - $25,000  | Amex BlueCash Everyday- $9,800 | Citi DoubleCash - $18,000 | Sapphire Preferred- $13,000 Freedom Unlimited$7,000 Blispay$12,000 | Chase Sapphire Reserve- $18,000 | Consumers Credit Union Visa Sig Cash Rebate$25,000

Message 22 of 41
Valued Contributor

Re: Fidelity Investments American Express

The FAQ givces this list of accounts.  So Cash Management is the product that they are pushing, but it isn't needed.

 

All Fidelity nonretirement, Fidelity IRA, and Fidelity-managed 529 plan accounts that accept Automated Clearing House (ACH) deposits are eligible for a rewards deposit. If you intend to deposit points in an eligible account, it is your responsibility to ensure that the account is one for which contributions on your behalf can be accepted and that, under applicable tax law, you are eligible to make contributions to that account for the year that the deposit is made. Refer to the applicable Fidelity account Customer Agreement, Custodial Agreement, or Participation Agreement for information on the terms and conditions of the Fidelity account.

Message 23 of 41
Valued Contributor

Re: Fidelity Investments American Express


bs6054 wrote:

The FAQ givces this list of accounts.  So Cash Management is the product that they are pushing, but it isn't needed.

 

All Fidelity nonretirement, Fidelity IRA, and Fidelity-managed 529 plan accounts that accept Automated Clearing House (ACH) deposits are eligible for a rewards deposit. If you intend to deposit points in an eligible account, it is your responsibility to ensure that the account is one for which contributions on your behalf can be accepted and that, under applicable tax law, you are eligible to make contributions to that account for the year that the deposit is made. Refer to the applicable Fidelity account Customer Agreement, Custodial Agreement, or Participation Agreement for information on the terms and conditions of the Fidelity account.


Just checking the rewards site.  Although cash back is usually the way to go to get the most rewards, there are a few gift cards on special offer.  Callaway, Land's End, Yankee Candle and Maui Jim all have $25 gift cards for 2,000 points.   Since it takes (usually) $1,000 to get 2,000 points, this is a 2.5% return.  If you want those cards!

Message 24 of 41
Established Contributor

Re: Fidelity Investments American Express

Does the card show up on Fidelity's website eventually? I'll be sure to update the thread once but see which bureau was pulled and my score at the time of application.

Capital One Quicksilver- $5,400 | Chase Freedom - $8,000 | Chase Freedom Unlimited- $13,000 | Chase Amazon -$5,000 | Priceline Visa -$10,000 | US Bank Cash+ - $18,200 | Fidelity Visa -$10,000 | Sallie Mae- $10,000  | DCU Platinum $12,000 | Discover IT - $10,000 | Amex EveryDay - $25,000  | Amex BlueCash Everyday- $9,800 | Citi DoubleCash - $18,000 | Sapphire Preferred- $13,000 Freedom Unlimited$7,000 Blispay$12,000 | Chase Sapphire Reserve- $18,000 | Consumers Credit Union Visa Sig Cash Rebate$25,000

Message 25 of 41
Valued Contributor

Re: Fidelity Investments American Express


zyzzus wrote:
Does the card show up on Fidelity's website eventually? I'll be sure to update the thread once but see which bureau was pulled and my score at the time of application.

The card appears as a link on Fidelity's websites (Fidelity.com and netbenefits, if you have a company 401K using Fidelity).   It shows the current balance.  Clicking the link takes you to the FIA website for all the details.

Message 26 of 41
Valued Contributor

Re: Fidelity Investments American Express

Thanks for the input guys

5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 27 of 41
Frequent Contributor

Re: Fidelity Investments American Express

Used my Fidelity AMEX yesterday on Small Business Saturday to receive a $25 statement credit Heart



09/30/2017 - EX 811 (Credit Scorecard EX FICO® Score 8, range 300-850)
11/20/2017 - TU 842 (Discover TU FICO® Score 8, range 300-850)
10/24/2017 - EQ 845 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 11/22/2017
Message 28 of 41
Valued Member

Re: Fidelity Investments American Express


brother7 wrote:

Used my Fidelity AMEX yesterday on Small Business Saturday to receive a $25 statement credit Heart


Whoa I didn't know you could use this card for regular AMEX promotions. Did you get the email confirmation already? Does it work for sync with Twitter/FB as well?

Message 29 of 41
Frequent Contributor

Re: Fidelity Investments American Express

Did they pull EX like BoA/FIA does with their other cards ?

Message 30 of 41