topic Re: New Fidelity 2% cash back card coming January 4th in Credit Cards

New Fidelity 2% cash back card coming January 4th

gnarlycow — Tue, 29 Dec 2015 01:37:35 GMT

Just noticed on Fidelity website that there is a new 2% cashback card coming on Janurary 4th. https://www.fidelity.com/cash-management/overview

"Coming in January: Fidelity 2% Cash-Back Card

Re: New Fidelity 2% cash back card coming January 4th

Involver — Tue, 29 Dec 2015 01:50:41 GMT

Whatever it is, I will be applying for it. Heard they had ended their relationship with Amex, so my guess is they are changing the terms on the VISA.

Re: New Fidelity 2% cash back card coming January 4th

CreditCuriosity — Tue, 29 Dec 2015 02:08:44 GMT

interesting as they already have a 2% card with Amex... Guessing they are introducing a new partner other than Amex or possiby not with FIA either.. This is interesting news.. I heard they were thinking about cancelling the Amex relationship although they would have to give warning to existing card members so maybe multiple 2% CB cards for awhile and get rid of FIA/BofA !

Re: New Fidelity 2% cash back card coming January 4th

Dw4250 — Tue, 29 Dec 2015 02:01:39 GMT

@Involver wrote:
Whatever it is, I will be applying for it. Heard they had ended their relationship with Amex, so my guess is they are changing the terms on the VISA.

Interesting information. Have you heard what will happen to current customers with the Fidelity AMEX?

Re: New Fidelity 2% cash back card coming January 4th

Anonymous — Tue, 29 Dec 2015 02:28:25 GMT

If they're leaving AmEx, what would make the new card more attractive than say, Citi's? Presuming that it's going to be a Visa or MC of course.

Re: New Fidelity 2% cash back card coming January 4th

Anonymous — Tue, 29 Dec 2015 02:54:44 GMT

Bonus rewards for having investments with them, no FTF, higher SLs, and/or rewards that post instantly

Would the card be viable with these perks? Harder question

Re: New Fidelity 2% cash back card coming January 4th

gdale6 — Tue, 29 Dec 2015 03:00:38 GMT

@Dw4250 wrote:
@Involver wrote:
Whatever it is, I will be applying for it. Heard they had ended their relationship with Amex, so my guess is they are changing the terms on the VISA.
Interesting information. Have you heard what will happen to current customers with the Fidelity AMEX?

As a current cardholder have not heard a peep on this.

Re: New Fidelity 2% cash back card coming January 4th

LadyJEsq — Tue, 29 Dec 2015 03:21:05 GMT

Ohhh, this is interesting. This is one of the CCs I was going to app for when I came out of the Garden. Thanks for sharing!!

Re: New Fidelity 2% cash back card coming January 4th

SisterGirl — Tue, 29 Dec 2015 03:36:16 GMT

@gdale6 wrote:
@Dw4250 wrote:
@Involver wrote:
Whatever it is, I will be applying for it. Heard they had ended their relationship with Amex, so my guess is they are changing the terms on the VISA.
Interesting information. Have you heard what will happen to current customers with the Fidelity AMEX?

As a current cardholder have not heard a peep on this.

Me either.....since 1/4/2015 is next Monday ! I

Re: New Fidelity 2% cash back card coming January 4th

Imperfectfuture — Tue, 29 Dec 2015 03:40:43 GMT

@SisterGirl wrote:
@gdale6 wrote:
@Dw4250 wrote:
@Involver wrote:
Whatever it is, I will be applying for it. Heard they had ended their relationship with Amex, so my guess is they are changing the terms on the VISA.
Interesting information. Have you heard what will happen to current customers with the Fidelity AMEX?

As a current cardholder have not heard a peep on this.
Me either.....since 1/4/2015 is next Monday ! I

Actually, that date was last year.

Get ready for 2016

Re: New Fidelity 2% cash back card coming January 4th

DrForce — Tue, 29 Dec 2015 03:46:14 GMT

Perhaps we are starting to see the fruits of the rumors that Fido was planning to drop AmEx and BofA

http://finance.yahoo.com/news/fidelity-investments-considers-dropping-amex-235333997.html

Re: New Fidelity 2% cash back card coming January 4th

Anonymous — Tue, 29 Dec 2015 04:14:05 GMT

@Anonymous wrote:
If they're leaving AmEx, what would make the new card more attractive than say, Citi's? Presuming that it's going to be a Visa or MC of course.

Well, like the current Amex it could win with 2% paid at statemnet close rather than splitting into purchase and payment parts, also the FTF is smaller than Citis (but non-zero so still not attractive). They would have to improve redemptions, Citi currently wins with lower min and ability to deposit to any bank at full rate.

Re: New Fidelity 2% cash back card coming January 4th

14Fiesta — Tue, 29 Dec 2015 04:22:32 GMT

Not sure how much I'm allowed to say, but when the card is revealed on January 4th, it will not be with FIA.

Re: New Fidelity 2% cash back card coming January 4th

Anonymous — Tue, 29 Dec 2015 04:25:23 GMT

@14Fiesta wrote:
Not sure how much I'm allowed to say, but when the card is revealed on January 4th, it will not be with FIA.

Ah! So it's just a cobranded Citi Double Cash!

Re: New Fidelity 2% cash back card coming January 4th

CreditCuriosity — Tue, 29 Dec 2015 04:29:35 GMT

@14Fiesta wrote:
Not sure how much I'm allowed to say, but when the card is revealed on January 4th, it will not be with FIA.

Interesting... Must be in the know somehow being working for Fidelity? Guess we will just have to wait till the 4th to see what it is all about unless leaked early.

edit: sure hope it isn't with citi .. I could live with Barclay's or a real Amex card or anything except Citi/BofA

Re: New Fidelity 2% cash back card coming January 4th

PointLager — Tue, 29 Dec 2015 04:28:37 GMT

This will be the perfect card for Costco shopping now that it's going Visa exclusive in March.

But, IMO it's going to be a waste of a HP to get this card. I've gotten spoiled expecting $600-$1000 of signup bonus from cards.

What happened to folks who had the 2% Schwabb card? Were they punted or grandfathered?

Re: New Fidelity 2% cash back card coming January 4th

14Fiesta — Tue, 29 Dec 2015 04:40:34 GMT

@CreditCuriousity wrote:
@14Fiesta wrote:
Not sure how much I'm allowed to say, but when the card is revealed on January 4th, it will not be with FIA.
Interesting... Must be in the know somehow being working for Fidelity? Guess we will just have to wait till the 4th to see what it is all about unless leaked early.

edit: sure hope it isn't with citi .. I could live with Barclay's or a real Amex card or anything except Citi/BofA

Not working for Fidelity, but rather the FI that is going to go live with a new exciting CC product on the 4th.

Re: New Fidelity 2% cash back card coming January 4th

CreditCuriosity — Tue, 29 Dec 2015 04:40:49 GMT

Interesting it appears that link to apply for the Fidelity FIA card is down as well.. Least I can't find it. Didn't try to hard though, just logged onto my cash management account and hit apply and took me back to link at begining of this post. So appears FIA isn't taking applications anymore.

Re: New Fidelity 2% cash back card coming January 4th

14Fiesta — Tue, 29 Dec 2015 04:41:01 GMT

@Anonymous wrote:
@14Fiesta wrote:
Not sure how much I'm allowed to say, but when the card is revealed on January 4th, it will not be with FIA.
Ah! So it's just a cobranded Citi Double Cash!

Not sure what you mean?

Re: New Fidelity 2% cash back card coming January 4th

CreditCuriosity — Tue, 29 Dec 2015 04:41:33 GMT

@14Fiesta wrote:
@CreditCuriousity wrote:
@14Fiesta wrote:
Not sure how much I'm allowed to say, but when the card is revealed on January 4th, it will not be with FIA.
Interesting... Must be in the know somehow being working for Fidelity? Guess we will just have to wait till the 4th to see what it is all about unless leaked early.

edit: sure hope it isn't with citi .. I could live with Barclay's or a real Amex card or anything except Citi/BofA
Not working for Fidelity, but rather the FI that is going to go live with a new exciting CC product on the 4th.

Ah. Understood.. Who do you work for? JK