Reply
Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
0

General Feedback On Fidelity AMEX and Visa

Either of these would make great companion cards to my brokerage account at Fidelity, but I see these are FIA-backed cards and most of the reviews I've read indicate FIA (in the case of AMEX) seems to be tarnishing AMEX's reputation, and both the AMEX and VISA flavors seem to have a track record for higher than normal decline rates at points of sale.  While I like the idea of the rewards being deposited directly into the brokerage account, is it worth the risk of declines when purchasing?

 

I generally hold BofA in low regard, and FIA is an extension of them so that alone makes me hesitant, but those rewards seem to play into my cash flow.

 

What are your opinions of these cards - VISA or AMEX variety?  Positive and negatives appreciated.


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: General Feedback On Fidelity AMEX and Visa

[ Edited ]

I just got the Amex variety at the beginning of Nov, and reading a lot of stuff here I was also concerned about PoS rejection.  However, I have made 30 (just counted!) purchase transactions this month and had no problems at all.  (However, they were all fairly small, total of about $2100, so $70 average)

 

So far, it's good.   I was just short of the 5,000 points (including bonuses) so I can't say how well the auto transfer into the brokerage account goes, that will happen next month.

 

Edit:  The web site looks like it was made for Mosaic (for those old enough!) but the needed functionality is all there.  More useful than US Bank and PenFed for example, less good than Chase.

Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
0

Re: General Feedback On Fidelity AMEX and Visa


bs6054 wrote:

 

Edit:  The web site looks like it was made for Mosaic (for those old enough!) but the needed functionality is all there.  More useful than US Bank and PenFed for example, less good than Chase.


Oh great, web 0.1.  Mosaic...and AOL dial-up.  

Glad to hear about good PoS experiences.  On Fido's website a lot of the folks bad-rapping the card were 55+.  No disrespect to them, but I translate that to my parents and how they (would) behave - there's definitely a different level of expectation for them.  Example: I tolerate dropped cell calls, they go ballistic.  In a way they're web 0.1 them self!

 

I would like to get back into AMEX, and the Fidelity link would be a win-win.  I do have reservations about AMEX's involvement seeing that FIA backs the Fido card.  From what I gather FIA does the CS for the cardholders, not AMEX themself - could be wrong.  I've spent so much time repairing my credit since the (read: my) meltdown I really don't want to "waste" any apps.  I'll keep my eye on this.  Thanks for the feedback.


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
0

Re: General Feedback On Fidelity AMEX and Visa

OK, just to test, I tried to add the Fidelity Amex to the site where I view my Blue Cash Preferred card data.

 

This Card is issued and serviced by BANK OF AMERICA CORP ; and, therefore, cannot be registered on this site.
The American Express Blue Box on the card signifies the card is accepted at all American Express merchant locations.

 

So yes, really limited connection with AMEX!

Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
0

Re: General Feedback On Fidelity AMEX and Visa

That sucks.  Thanks for validating the servicer.  Not too much more AMEX there than a logo I guess.


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Frequent Contributor
brother7
Posts: 380
Registered: ‎02-06-2009
0

Re: General Feedback On Fidelity AMEX and Visa

Is it possible to backdate a Fidelity AMEX if you're a current AMEX holder? If so, who does one call?


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
10/22/2014 Current - EQ 797 (Priceline TU FICO 08 Classic)
GOAL - 800! - App free since 09/07/2014
Valued Contributor
trumpet-205
Posts: 2,494
Registered: ‎11-11-2010
0

Re: General Feedback On Fidelity AMEX and Visa


brother7 wrote:

Is it possible to backdate a Fidelity AMEX if you're a current AMEX holder? If so, who does one call?


No backdating on Fidelity AMEX. Only card that is issued from AMEX directly (in other words on American Express website) can be backdated.

 

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Valued Contributor
Repo-ed
Posts: 2,954
Registered: ‎02-09-2012
0

Re: General Feedback On Fidelity AMEX and Visa


trumpet-205 wrote:

brother7 wrote:

Is it possible to backdate a Fidelity AMEX if you're a current AMEX holder? If so, who does one call?


No backdating on Fidelity AMEX. Only card that is issued from AMEX directly (in other words on American Express website) can be backdated.

 


+1, just like USAA issued Amex cards are not backdated.

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}