Credit Cards

[cassembler]

Anybody have this? Looks like a complete 2% back across the board (into an IRA - 529 or retirement), with no AF... Sounds like a really solid, long-term card.

[navigatethis12]

I have the Fidelity Investment Rewards American Express card but they are the same thing as you can deposit rewards into any Fidelity account. Just incase you did not see it, it is only two percent if you deposit into a Fidelity account. Otherwise it varies, until you get to 25000 points.

[webhopper]

2% of my spending into my retirement account sounds like a good deal. Do you have to have a fidelity account? If so what's the minimum balance

[webhopper]

So I was reading and Roth IRAs are eligible. Is this a revolver? Does it backdate like real amexes?

[navigatethis12]

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webhopper wrote:
2% of my spending into my retirement account sounds like a good deal. Do you have to have a fidelity account? If so what's the minimum balance

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I have the Fidelity Cash Management account which is free with no minimum balance. It also has free cheques, no atm fees, bill pay, and other features. I got it just for the card. You do not have to have a Fidelity account, but if you do not you have to spend 12500(25000 points) to be able to redeem for the full 2%. With a Fidelity account you get the full 2% reward no matter what. Here is the complete list of fees for Fidelity: https://www.fidelity.com/welcome/pricing-fees

It is a revolver, the rate is 13.99 for everyone and no it will not backdate. It is issued by FIA Card Services so American Express has nothing do do with it other than it being processed on their network.

[ctb89]

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webhopper wrote:
So I was reading and Roth IRAs are eligible. Is this a revolver? Does it backdate like real amexes?

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I don't know about Roth. But it is a revolver however it's not underwritten by Amex, it's just on their network. So no backdating.

[webhopper]

Awe ok that stinks I don't want to add a new account for at least 3 yrs and would prefer a backdated account at that time. Ill just keep redeeming my nfcu cash into my kids savings account.

[cassembler]

Well, it sounds like a candidate for my next "long-term" card, but I won't be applying until Q4 or next year. I'll let you all know how it goes, thanks for the feedback!

[tsquad131]

Ive had this card since december of 2011, its pretty good ive already redeemed $50, i have a roth ira and a cash management account and I deposit the rewards into the cash management account for the 2% redemption with no fees. You have to have a minimum of 5,000 points or $50 equivalent to redeem. I was only approved for $1,000 though not very much its because I have a BOA cash rewards card of $2,000 and that accounts into FIA card services maximum risk for me for $3,000 total.

[Wolf3]

Does anyone know if this account is part of the FIA accounts sold to US BankCorp by BofA?