topic Re: Fidelity Visa: Useless in Credit Cards

Fidelity Visa: Useless

PointLager — Sat, 16 Sep 2017 14:57:33 GMT

I've been looking for a card to replace my fidelity 2% and finally settled on Penfed 2%. It's like Fido but without Foreign exchange fees and redemption can be cashed out at $5 instead of $50.

Anyway, so now i have this Fido card with a hefty CL and not nowing what to do with it. I called US bank and they won't PC me to anything else. They even said that even if i open another card they won't move the limit over from the Fido card and that i would have to apply for a CL inrease separately.

i guess all i can do is just keep the card active with deminimis charges every six months or something and keep the account open as a boost to my available CLs/util ratio

Re: Fidelity Visa: Useless

Gmood1 — Sat, 16 Sep 2017 15:00:27 GMT

Sounds like a good plan to me.

Re: Fidelity Visa: Useless

BronzeTrader — Sat, 16 Sep 2017 15:12:20 GMT

You do not have to spend a penny to keep it open. I have a US Bank REI card and I've never used it for about 5 years. I just charged a $7 lunch to see if works. And it did!

Re: Fidelity Visa: Useless

PointLager — Sat, 16 Sep 2017 15:16:00 GMT

I haven't used it much anyway. Every six to eight months I get an email about an extra offer of a point per x spent. So it usually ends up being an extra $20-$30

I've been using Amex Blue Biz Pref as my daily driver. Come January 1st switch back to United Club until I hit $25k for PQD waiver.

Re: Fidelity Visa: Useless

BronzeTrader — Sat, 16 Sep 2017 15:57:20 GMT

Amex Blue Biz Pref

What is that? Blue ED Pref?

Re: Fidelity Visa: Useless

jacetx — Sat, 16 Sep 2017 16:07:46 GMT

@BronzeTrader wrote:
Amex Blue Biz Pref

What is that? Blue ED Pref?

Maybe he/she meant Amex Blue Business Plus? Card gives you 2X MR points on every purchase up to $50k per year.

Re: Fidelity Visa: Useless

PointLager — Sat, 16 Sep 2017 16:09:14 GMT

Thanks @jacetx. Yes. The BLUE BIZ plus. 2x MR

Re: Fidelity Visa: Useless

CreditCuriosity — Sat, 16 Sep 2017 16:09:28 GMT

@BronzeTrader wrote:
Amex Blue Biz Pref

What is that? Blue ED Pref?

Business card 2x MR's all puchases no af

Re: Fidelity Visa: Useless

PointLager — Sat, 16 Sep 2017 16:20:04 GMT

The biz card was my fav addition in years. 12% interest but interst free for a year. And the line doesn't get reported on my personal CR. I've been tempted to buy out my car lease with this just to capture the spread.

Re: Fidelity Visa: Useless

happypill — Sat, 16 Sep 2017 17:11:12 GMT

The title is pretty misleading. It might be useless for you now, but it's exactly what it advertises itself to be, a 2% card. The Penfed card is great, but it has other account requirements to get the 2%.

I'd say 2% is really the new market standard. Used to be 1.5% was standard and 2% was great, but with all the cool new cards out recently, 2% with no AF is really the standard to be competitive these days.

Re: Fidelity Visa: Useless

Anonymous — Sat, 16 Sep 2017 17:32:40 GMT

I had that card and cancelled it. Just useless as you probably know

Re: Fidelity Visa: Useless

BronzeTrader — Sat, 16 Sep 2017 18:26:38 GMT

It is a solid 2% card unless you have something better. There are a bunch of 1.5% cards....

The Chase UR is another story. Then the new 2% Paypal etc....

Re: Fidelity Visa: Useless

Anonymous — Mon, 18 Sep 2017 23:55:25 GMT

Surprised I haven't seen Citi DoubleCash reccomended on here. There's also the Discover bonus for new members, but obviously that's only a one-year deal. The bonus categories aren't useful to me, so I'm putting everything that isn't groceries on it for the time being. Basically a 2% card for me.

Tangentially related to the topic, I used to be an AU on my brother's Fidelity card, rarely used it other than for a Netflix subscription. He lost his card,as he frequently does, and I was issued a new one. Opened up the envelope, took the old one out of my wallet, and promptly shredded the new one. Oops.