topic Re: Fidelity Amex + Visa? in Credit Cards

Fidelity Amex + Visa?

pdxmike — Mon, 14 Dec 2015 02:52:27 GMT

I like unlimited cash back on everything. I have a new Fidelity Amex at 4k (as well as Citi Double Cash and Discover it Miles). I'm wondering if I'll be likely to be approved for a Fidelity Visa in 6 months if I CLI the Fidelity Amex as much as possible between now and then? Or will FIA probably say they've already extended all the credit they're comfortable with for now?

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 02:59:56 GMT

@pdxmike wrote:
I like unlimited cash back on everything. I have a new Fidelity Amex at 4k (as well as Citi Double Cash and Discover it Miles). I'm wondering if I'll be likely to be approved for a Fidelity Visa in 6 months if I CLI the Fidelity Amex as much as possible between now and then? Or will FIA probably say they've already extended all the credit they're comfortable with for now?

What is the attraction of the FIdelity Visa? (I know that isn't your question, just wondering!)

Re: Fidelity Amex + Visa?

pdxmike — Mon, 14 Dec 2015 03:21:34 GMT

After the first $15k a year, CB goes up from 1.5% to 2%. I've got lots of spending I can put on CCs. I like cash back because I travel too infrequently to make travel cards worthwhile. And my big spending is mainly outside of bonus categories, so rotating/gas/grocery cards generally won't net me as much CB in a year as a card offering me unlimited CB on everything. (The It Miles card isn't for travel, it gives me 3% CB for a year, 1.5% thereafter.) I may apply for the Chase Ink+ while I'm still under the app limit for Chase, though, and keep some points in reserve each year for a possible trip while cashing the rest.

Re: Fidelity Amex + Visa?

Themanwhocan — Mon, 14 Dec 2015 03:31:09 GMT

Fidelity Visa is only 1.5% cash back. Those types of cards are fairly common, so there is no need to get one from Fidelity since you would eventually be splitting whatever the max credit exposure Fidelity is willing to extend to you over 2 cards instead of one. Plus you would lack diversity.

A few random alternatives:

FNBO Bucksback 2%

Citizens Bank Cash Back Plus 1.8%

Capital One Quicksilver 1.5%

USAA Preferred Cash Rewards 1.5%

Barclaycard CashForward 1.5%

M&T Visa Signature 1.5%

TD Ameritrade Client Rewards Credit Card 1.5%

Penfed Defender 1.5%

etc...

Re: Fidelity Amex + Visa?

Themanwhocan — Mon, 14 Dec 2015 03:40:24 GMT

NASA FCU goes to 1.25% after the first $1000 spend, and goes to 2% after the second $1000 spend each year.

Re: Fidelity Amex + Visa?

uswala — Mon, 14 Dec 2015 03:44:52 GMT

I would recommend going for FNBO Bucksback 2% Visa instead. They have this limited time offer and you can apply till the end of this month.

Re: Fidelity Amex + Visa?

pdxmike — Mon, 14 Dec 2015 04:58:13 GMT

@Themanwhocan wrote:

FNBO Bucksback 2%
Citizens Bank Cash Back Plus 1.8%

Thank you for the suggestions! Do FNBO and Citizens Bank offer CCs and deposit accounts to anyone in the US, or are there region restrictions?

@Themanwhocan wrote:
NASA FCU goes to 1.25% after the first $1000 spend, and goes to 2% after the second $1000 spend each year.

Good one, thanks!

@uswala wrote:
I would recommend going for FNBO Bucksback 2% Visa instead. They have this limited time offer and you can apply till the end of this month.

Does FNBO do automatic approvals? All my cards until recently were authorized user cards that are ignored in manual reviews, so a manual review before year's end will likely see me as a new user of credit.

Re: Fidelity Amex + Visa?

pdxmike — Mon, 14 Dec 2015 04:33:58 GMT

According to Doctor of Credit, FNBO cards are only available to applicants in Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota and Texas. Has that been everyone else's experience, too?

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 04:39:59 GMT

@pdxmike wrote:
According to Doctor of Credit, FNBO cards are only available to applicants in Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota and Texas. Has that been everyone else's experience, too?

Hello,

I've made multiple posts on FNBO card NOT being geographically restricted. If you see my FNBO thread, you can see my letter say I'm from California, and I got approved for the card.

http://ficoforums.myfico.com/t5/Credit-Cards/Got-my-FNBO-2-BucksBack/td-p/4362594

In the state field, just select any state while writing the rest of your address correctly.

Good luck.

Re: Fidelity Amex + Visa?

pdxmike — Mon, 14 Dec 2015 04:59:51 GMT

@Anonymous wrote:
I've made multiple posts on FNBO card NOT being geographically restricted. If you see my FNBO thread, you can see my letter say I'm from California, and I got approved for the card.

Ok, well, my last question about FNBO is, do they do automatic approvals?

Also, several sources, such as this one, say that Citizens Bank CB is limited to 1.65% if you're outside Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont. That's because the extra 0.15% is dependent on depositing into Citizens Bank accounts, which are only available in those states. Is that everyone else's experience, too?

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 05:00:30 GMT

@pdxmike wrote:
@Anonymous wrote:
I've made multiple posts on FNBO card NOT being geographically restricted. If you see my FNBO thread, you can see my letter say I'm from California, and I got approved for the card.

Ok, well, my last question about FNBO is, do they do automatic approvals?

Also, several sources, such as this one, say that Citizens Bank CB is limited to 1.65% if you're outside Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont. That's because the extra 0.15% is dependent on depositing into Citizens Bank accounts, which are only available in those states. Is that everyone else's experience, too?

They do in fact do automatic approvals, however it is rare, unless your score is excellent...

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 05:18:04 GMT

@Themanwhocan wrote:
NASA FCU goes to 1.25% after the first $1000 spend, and goes to 2% after the second $1000 spend each year.

Yes, that would be my suggestion (although I guess the FNBO card currently is better( as it reaches 2% much sooner than the Fidelity Visa (although earning a little less on that first $2K)

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 05:20:11 GMT

@Anonymous wrote:
@Themanwhocan wrote:
NASA FCU goes to 1.25% after the first $1000 spend, and goes to 2% after the second $1000 spend each year.
Yes, that would be my suggestion (although I guess the FNBO card currently is better( as it reaches 2% much sooner than the Fidelity Visa (although earning a little less on that first $2K)

Could you explain how the FNBO earns less than Fid. Visa on the first $2k?

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 05:31:32 GMT

@Anonymous wrote:
@Anonymous wrote:
@Themanwhocan wrote:
NASA FCU goes to 1.25% after the first $1000 spend, and goes to 2% after the second $1000 spend each year.
Yes, that would be my suggestion (although I guess the FNBO card currently is better( as it reaches 2% much sooner than the Fidelity Visa (although earning a little less on that first $2K)
Could you explain how the FNBO earns less than Fid. Visa on the first $2k?

Well, it's very simple. I used the wrong parenthesis! I meant that the NASA card earns less on the first $2K than Fidelity (1 and 1.25% rather than 1.5%) It should be:

Yes, that would be my suggestion (although I guess the FNBO card currently is better) as it reaches 2% much sooner than the Fidelity Visa (although earning a little less on that first $2K)

indicating I would have suggested NASA, having forgotten about the FNBO.

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 05:35:49 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Themanwhocan wrote:
NASA FCU goes to 1.25% after the first $1000 spend, and goes to 2% after the second $1000 spend each year.
Yes, that would be my suggestion (although I guess the FNBO card currently is better( as it reaches 2% much sooner than the Fidelity Visa (although earning a little less on that first $2K)
Could you explain how the FNBO earns less than Fid. Visa on the first $2k?
Well, it's very simple. I used the wrong parenthesis! I meant that the NASA card earns less on the first $2K than Fidelity (1 and 1.25% rather than 1.5%) It should be:

Yes, that would be my suggestion (although I guess the FNBO card currently is better) as it reaches 2% much sooner than the Fidelity Visa (although earning a little less on that first $2K)

indicating I would have suggested NASA, having forgotten about the FNBO.

Ohh woops

Read the parenthesis in the wrong way lol

Re: Fidelity Amex + Visa?

pdxmike — Mon, 14 Dec 2015 06:43:57 GMT

Hm, according to Doctor of Credit, there are several negatives to the NASA card lately, including denials if you have too many recent inquiries or less than 24 months of credit history, approvals resulting in a lesser card than the one you applied for, and cash back only awarded annually.

Re: Fidelity Amex + Visa?

Anonymous — Mon, 14 Dec 2015 14:32:11 GMT

@pdxmike wrote:
Hm, according to Doctor of Credit, there are several negatives to the NASA card lately, including denials if you have too many recent inquiries or less than 24 months of credit history, approvals resulting in a lesser card than the one you applied for, and cash back only awarded annually.

Cashback annualy is certainly a negative (always been that way) but IMO much less a negative than the need to reach $15K before the Fid Visa earns 2%

Not sure which is easier, FNBO or AMex, FNBO seems to often do manual reviews.

Re: Fidelity Amex + Visa?

Involver — Mon, 14 Dec 2015 15:14:07 GMT

I've considered apping the Fidelity VISA, but for the sole purpose of combining the limit into the AMEX. 15k is much too high of a ceiling for 2% cash back when there are many superior products out there.

Re: Fidelity Amex + Visa?

galahad15 — Mon, 14 Dec 2015 19:07:02 GMT

@Anonymous wrote:
Cashback annualy is certainly a negative (always been that way) but IMO much less a negative than the need to reach $15K before the Fid Visa earns 2%
Not sure which is easier, FNBO or AMex, FNBO seems to often do manual reviews.

According to Fidelity's website, the purchase APRs for their Amex and VISA products are 13.99% V, whereas for the FNBO BucksBack card, it is 11% V. Based on just the APR feature alone, if I were to hypothetically app (which I won't tho lol; don't want to risk AA by FNBO on my existing cards with them) for any of the 3 cards, it would inevitably be FNBO.

Also: when I last apped for an FNBO product in 4/2015 (for their previous 6.25% V Amex with the UL 1.5% cashback rewards feature), I was instantly approved At the time, I had good credit -- no baddies ever, perfect payment history -- but not necessarily excellent credit per se, since I had/have somewhat high revolving balances and util.

Re: Fidelity Amex + Visa?

pdxmike — Tue, 15 Dec 2015 03:02:09 GMT

Well, maybe in 6 months Chase or PayPal will have a 2% cash back card to apply for.