topic Re: Fidelity Amex or Double Cash in Credit Cards

Fidelity Amex or Double Cash

svtthis — Wed, 22 Jul 2015 01:24:32 GMT

For those that had/have both which do you prefer? I'm looking to get one or the other. In my area amex is accepted pretty much everywhere so that's not an issue. How are the rewards redemption for both? What are the requirements for both? Currently I have 730, 743, 746 no baddies aaoa is over 5 years and util is 7% oldest account is 11 years.

Re: Fidelity Amex or Double Cash

Closingracer99 — Wed, 22 Jul 2015 01:28:21 GMT

@svtthis wrote:
For those that had/have both which do you prefer? I'm looking to get one or the other. In my area amex is accepted pretty much everywhere so that's not an issue. How are the rewards redemtion for both? What are the requirements for both? Currently I have 730, 743, 746 no baddies aaoa is over 5 years and util is 7% oldest account is 11 years.

You'll need a fidelity account for the rewards so unless you really want an Amex or hate citi I would go with the double cash. You get 1% on purchases and 1% when you pay the balance.

I got got mine in May and my scores are similar but I have more accounts AAoA is worse and I have a lot more inqs. I would say you'll have a good chance at it

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 01:27:27 GMT

never had either but fidelity is no nonsense 2%, the citi has a little bit of stipulations to get the 1% as you pay. keep that in mind. do yourself the favor and look up the reviews on credit karma of the double cash. just search "double cash reviews" and credit karma has a ton. you get the most honesty out of that

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 01:28:02 GMT

btw i am sure you're fine for both. honestly. Amex will give a better limit if that is of any importance to you

Re: Fidelity Amex or Double Cash

Closingracer99 — Wed, 22 Jul 2015 01:29:51 GMT

@Anonymous wrote:
btw i am sure you're fine for both. honestly. Amex will give a better limit if that is of any importance to you

It's not an Amex card but Bank Of America I believe is the bank behind it. Amex is the network it uses.

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 01:30:31 GMT

Flip a coin honestly. Yes, people complain about opening a Fidelity account, but there's no minimums (unless that's changed) and it just happens to be a great brokerage. The Citi has the edge of being accepted more widely while the Fidelity has a 1% FTF vs Citi 3%. I have Fidelity and it's been great to me for years.

I've heard Fidelity is harder to qualify for but the limits can ramp up high, Citi is relatively easy but some folks are getting low limits.

Re: Fidelity Amex or Double Cash

Closingracer99 — Wed, 22 Jul 2015 01:30:41 GMT

@Anonymous wrote:
never had either but fidelity is no nonsense 2%, the citi has a little bit of stipulations to get the 1% as you pay. keep that in mind. do yourself the favor and look up the reviews on credit karma of the double cash. just search "double cash reviews" and credit karma has a ton. you get the most honesty out of that

Meh reviews. They can say whatever they want but I never had an issue with mine

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 01:31:22 GMT

my bad on my mistaken info

Re: Fidelity Amex or Double Cash

Closingracer99 — Wed, 22 Jul 2015 01:37:00 GMT

@Anonymous wrote:
my bad on my mistaken info

Either way I think he will get a better limit with the fidelity . Bank of America, and Amex cards are my highest limit cards.

Bank of america mlb card: $10,000

Amex everyday: $12,000

thag being said idk how the fidelity works since I have never owned one. I would think it's better limits because of the bank behind it.

my citi cards limits are

thank you: $7,300

simplicity : $5,400

double cash : 3,700

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 01:36:14 GMT

Apart from FTF (which hardly matters as you want to use a card without one), a big difference is in the minimum redeption. Citi is $25, Fidelity is $50. So partly depends how much non-category spend you have. If you have a lot, it really doesn't matter, if it's smaller, you may have to wait several months before redeeming with Fidelity.

I have both, and they are fine, but they are mainly S/D for now with Discover Miles giving 3% the first year.

Re: Fidelity Amex or Double Cash

Closingracer99 — Wed, 22 Jul 2015 01:38:26 GMT

@Anonymous wrote:
Apart from FTF (which hardly matters as you want to use a card without one), a big difference is in the minimum redeption. Citi is $25, Fidelity is $50. So partly depends how much non-category spend you have. If you have a lot, it really doesn't matter, if it's smaller, you may have to wait several months before redeeming with Fidelity.

I have both, and they are fine, but they are mainly S/D for now with Discover Miles giving 3% the first year.

Really? Now I'm tempted to get it. what can you redeem it for other then for travel?

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 01:43:13 GMT

@Closingracer99 wrote:
@Anonymous wrote:
Apart from FTF (which hardly matters as you want to use a card without one), a big difference is in the minimum redeption. Citi is $25, Fidelity is $50. So partly depends how much non-category spend you have. If you have a lot, it really doesn't matter, if it's smaller, you may have to wait several months before redeeming with Fidelity.

I have both, and they are fine, but they are mainly S/D for now with Discover Miles giving 3% the first year.
Really? Now I'm tempted to get it. what can you redeem it for other then for travel?

You can redeem for cash at full value. They ACH it to my bank account. (BTW, it's 1.5% now, 1.5% at the end of twelve months)

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 01:43:38 GMT

I was thinking the same thing last night, OP.

Made my mind up though, and as you can see from my sig I chose the Fidelity.

A pretty lousy SL but I am only using it on things that are not covered by my other cards, which won't be a lot.

The no hassle 2% and the fact that it will actually encourage me to save my cashback is why I chose it over the Citi.

Plus, I think the DoubleCash looks horrible IMHO.

Re: Fidelity Amex or Double Cash

Closingracer99 — Wed, 22 Jul 2015 01:46:09 GMT

@Anonymous wrote:
@Closingracer99 wrote:
@Anonymous wrote:
Apart from FTF (which hardly matters as you want to use a card without one), a big difference is in the minimum redeption. Citi is $25, Fidelity is $50. So partly depends how much non-category spend you have. If you have a lot, it really doesn't matter, if it's smaller, you may have to wait several months before redeeming with Fidelity.

I have both, and they are fine, but they are mainly S/D for now with Discover Miles giving 3% the first year.
Really? Now I'm tempted to get it. what can you redeem it for other then for travel?
You can redeem for cash at full value. They ACH it to my bank account. (BTW, it's 1.5% now, 1.5% at the end of twelve months)

Grrr I was going to garden after my Double cash card but decided to get the Disney card and an American eagle card. Now you are tempting me to get that card lol. Guess I'll wait with my discover it card offering double for a year. They are already offering basically 10% for the rest of the year on Amazon

Re: Fidelity Amex or Double Cash

svtthis — Wed, 22 Jul 2015 02:07:00 GMT

Thanks for all the replies. I'm going to go fidelity. I'll post back on approval or denial

Re: Fidelity Amex or Double Cash

taxi818 — Wed, 22 Jul 2015 02:32:31 GMT

@Anonymous wrote:
never had either but fidelity is no nonsense 2%, the citi has a little bit of stipulations to get the 1% as you pay. keep that in mind. do yourself the favor and look up the reviews on credit karma of the double cash. just search "double cash reviews" and credit karma has a ton. you get the most honesty out of that

I wish someone would explain this to me. The nonsense i keep hearing about. just got my lowly 2k card about 2 weeks ago. since. i ran up about $400. and paid it off promptly. so currently 0 balance. are you saying i will not get my 2%. if so. why not.? i charged $400. so i expect $8.00 in rewards. sooner rather than later. Edit. This is the double cash im talking about.

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 02:32:28 GMT

based on MANY reviews if you pay too early you won't get it. i am no pro but that's what i have gathered. not saying you can't pay off before statement, but it seems if you charge today and pay off tomorrow you won't see the full 2%

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 02:34:02 GMT

and let's be reasonable. do you want a cards that has hoops to jump through (you don't seem much like you're into circus acting) or do you want a nonsense card that'll give you 2% just because they care and want you as their customer? the IDEA behind the DC is good, i just wouldn't toy with it myself.

Re: Fidelity Amex or Double Cash

taxi818 — Wed, 22 Jul 2015 02:34:12 GMT

@Anonymous wrote:
based on MANY reviews if you pay too early you won't get it. i am no pro but that's what i have gathered. not saying you can't pay off before statement, but it seems if you charge today and pay off tomorrow you won't see the full 2%

I think they are saying you will get the other 1% the month after the statement. not right away. so instead of this statement. the next statement i should see the back half of the 1%, as long as it comes out in the wash. Other wise. i will be forced to go back to my Quicksilver. My freedom is for gas right now. But Discover is Sded. due to a BT. and i don't want any new purchases on it.

Re: Fidelity Amex or Double Cash

Anonymous — Wed, 22 Jul 2015 02:34:31 GMT

a non nonsense card*** sorry haha