do you need a fidelity account to have the fidelity amex?

[slap_happy]

cant seem to find the answer, I want the card due to the 2% on all transactions but would like to know, does it have to be redeemed into a fidelity acct. or can I direct it to my checking acct at BOA?

[enharu]

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@slap_happy wrote:

cant seem to find the answer, I want the card due to the 2% on all transactions but would like to know, does it have to be redeemed into a fidelity acct. or can I direct it to my checking acct at BOA?

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no you don't need it.

if you are redeeming it as a check, it has to be $250 worth of rewards for it to be really worth 2% cashback, I think.

If you are redeeming it to a fidelity account then minimum is just $25 or 50.

[takeshi74]

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@slap_happy wrote:

cant seem to find the answer

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Where are you doing your research?  Terms and conditions are generally a good place to look:

https://www.applyonlinenow.com/USCCapp/Ctl/entry?sc=VABNWU#b

A cash reward shall be issued for a U.S. dollar sum in the form of a check or an electronic deposit to a checking or savings account of your choice. 

[NotUsher]

Well yes and no...you caaaaaan, but it makes the rewards less valuable.

[slap_happy]

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@NotUsher wrote:

Well yes and no...you caaaaaan, but it makes the rewards less valuable.

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wow, thanks guys, so it seems its not really worth it unless you have a fidelity account, seems like it would be worth it just to open a basic fidelity account just for the card.

[NotUsher]

The cash management account is basically a free checking account without ATM fees. I have a Roth IRA through Fidelity, so having an extra account with them wasn't a big deal at all. Worth it in my book.

[FinStar]

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@NotUsher wrote:

The cash management account is basically a free checking account without ATM fees. I have a Roth IRA through Fidelity, so having an extra account with them wasn't a big deal at all. Worth it in my book.

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+1

I have the CMA and I'd agree it's worth it.