topic Re: New 3% everywhere card, with a catch! in Credit Cards

New 3% everywhere card, with a catch!

Anonymous — Thu, 21 May 2020 15:37:29 GMT

Fidelity, if you have $2M in Managed accounts, your 2% Visa becomes a 3% Visa

As explained in https://www.doctorofcredit.com/fidelity-introduces-benefits-for-wealth-management-customers-including-up-to-3-cashback-on-all-card-purchases-fidelity-rewards/

the fees for managed services are quite high so not really a good choice unless the service for the fee is valuable to you anyway!

Re: New 3% everywhere card, with a catch!

CreditCuriosity — Thu, 21 May 2020 15:39:51 GMT

Ya saw that.. I think Ill keep my 2 million in the underground safe and hope my AOD lasts

Re: New 3% everywhere card, with a catch!

Fico82 — Thu, 21 May 2020 15:42:43 GMT

I always laugh at my self when I read some of these catches . 2 mil ! If only I could have half that lol and they could keep the 1% 😆

Re: New 3% everywhere card, with a catch!

Anonymous — Thu, 21 May 2020 15:43:00 GMT

@CreditCuriosity wrote:
Ya saw that.. I think Ill keep my 2 million in the underground safe and hope my AOD lasts

Just out of interest, where exactly is the safe, and what's the combination?

Re: New 3% everywhere card, with a catch!

Brian_Earl_Spilner — Thu, 21 May 2020 15:43:17 GMT

Thanks for posting, but it's just a matter of time before they nerf it after the myfico stampede.

Re: New 3% everywhere card, with a catch!

PutThatMoneyOnTheTable — Thu, 21 May 2020 15:43:40 GMT

@CreditCuriosity wrote:
Ya saw that.. I think Ill keep my 2 million in the underground safe and hope my AOD lasts

You keep your 2 million underground? I keep mine in my dreams (I think it's safer there)

Re: New 3% everywhere card, with a catch!

Wavester64 — Thu, 21 May 2020 15:46:30 GMT

@Anonymous wrote:
Fidelity, if you have $2M in Managed accounts, your 2% Visa becomes a 3% Visa

As explained in https://www.doctorofcredit.com/fidelity-introduces-benefits-for-wealth-management-customers-including-up-to-3-cashback-on-all-card-purchases-fidelity-rewards/

the fees for managed services are quite high so not really a good choice unless the service for the fee is valuable to you anyway!

Not a problem! I can just open my piggy bank and there should be an easy $2M in there!

Re: New 3% everywhere card, with a catch!

Anonymous — Thu, 21 May 2020 16:00:42 GMT

@Wavester64 wrote:
@Anonymous wrote:
Fidelity, if you have $2M in Managed accounts, your 2% Visa becomes a 3% Visa

As explained in https://www.doctorofcredit.com/fidelity-introduces-benefits-for-wealth-management-customers-including-up-to-3-cashback-on-all-card-purchases-fidelity-rewards/

the fees for managed services are quite high so not really a good choice unless the service for the fee is valuable to you anyway!
Not a problem! I can just open my piggy bank and there should be an easy $2M in there!

Well, after a long lifetime of overpaid work and stock market gains, I do actually have $2M+ in IRAs with Fidelity, but as it is all in index and similar things, it doesn't count at all as they are not getting their wealth management fees.

Re: New 3% everywhere card, with a catch!

Anonymous — Thu, 21 May 2020 16:20:10 GMT

That's really generous of Fidelity to offer rewards to poorer people. (That was sarcasm)

Re: New 3% everywhere card, with a catch!

M_Smart007 — Thu, 21 May 2020 17:44:57 GMT

@CreditCuriosity wrote:
Ya saw that.. I think Ill keep my 2 million in the underground safe and hope my AOD lasts

+2 Million

Re: New 3% everywhere card, with a catch!

M_Smart007 — Thu, 21 May 2020 17:45:46 GMT

@Anonymous wrote:
@CreditCuriosity wrote:
Ya saw that.. I think Ill keep my 2 million in the underground safe and hope my AOD lasts
Just out of interest, where exactly is the safe, and what's the combination?

I'll help. if you share?

Re: New 3% everywhere card, with a catch!

M_Smart007 — Thu, 21 May 2020 17:47:08 GMT

@Anonymous wrote:
That's really generous of Fidelity to offer rewards to poorer people. (That was sarcasm)

@Anonymous.. i like your style

Re: New 3% everywhere card, with a catch!

mrfufoppss — Thu, 21 May 2020 23:55:30 GMT

2 milly for a extra 1percent on spend 😂 thats beyond a Catch im sure thats for their One percent of Card Holders that have that much in Assets (cash) Imma Stick with AOD till the World Blow 😂

Re: New 3% everywhere card, with a catch!

MrT_521 — Fri, 22 May 2020 00:18:29 GMT

@Anonymous wrote:
@CreditCuriosity wrote:
Ya saw that.. I think Ill keep my 2 million in the underground safe and hope my AOD lasts
Just out of interest, where exactly is the safe, and what's the combination?

Or alternatively, your mother's maiden name and the last 4 of your social would suffice.

Re: New 3% everywhere card, with a catch!

Aim_High — Fri, 22 May 2020 00:23:16 GMT

Per DoC: "There aren't any other credit cards that earn 3% across the board."

... even though there was a recent review of the AOD Card on his website??

... but he isn't counting it since it's technically geofenced from appearances.

Re: New 3% everywhere card, with a catch!

Anonymous — Fri, 22 May 2020 02:58:45 GMT

@Aim_High wrote:
Per DoC: "There aren't any other credit cards that earn 3% across the board."
... even though there was a recent review of the AOD Card on his website??
... but he isn't counting it since it's technically geofenced from appearances.

Yes, I wondered about that as well (and there's Tropical Finance which really seems to be geofenced). But I don't know which has more eligible people, a geofenced CU or needing $2M in managed funds with Fidelity!

Re: New 3% everywhere card, with a catch!

Anonymous — Sat, 23 May 2020 15:13:41 GMT

@Anonymous wrote:
Fidelity, if you have $2M in Managed accounts, your 2% Visa becomes a 3% Visa

Oh man, can't wait to gather my $2M and strap down with Fidelity. Goodbye AOD hello Fidelity lol.

But in all seriousness, people with that much investment wouldn't look at a 3% card. They would look to become a Centurian cardholder.

Re: New 3% everywhere card, with a catch!

TekkenQQ7 — Sat, 23 May 2020 15:27:10 GMT

2M, I will have my safe bank and my own card with my picture on it, with 5% CB or maybe 6% for now.

Re: New 3% everywhere card, with a catch!

Cory88 — Sat, 23 May 2020 15:32:07 GMT

@Anonymous wrote:
Fidelity, if you have $2M in Managed accounts, your 2% Visa becomes a 3% Visa

As explained in https://www.doctorofcredit.com/fidelity-introduces-benefits-for-wealth-management-customers-including-up-to-3-cashback-on-all-card-purchases-fidelity-rewards/

the fees for managed services are quite high so not really a good choice unless the service for the fee is valuable to you anyway!

I always laugh when I see offers from Fidelity, E-Trade and you have to put in a lot of money to get an offer of a bonus transfer 25k and get $50 and to get $250 you have to transfer 250k. I also laugh when I get offers from Citi on my Sears card TY Points spend $600 / month for 90 days on gas and get 5pts more I feel bad if you spend that much on gas!! No matter what the offer is I never get the pts.