topic Re: crazy for wanting Fidelity Amex... in Credit Cards

crazy for wanting Fidelity Amex...

Anonymous — Mon, 14 Apr 2014 16:33:02 GMT

I am crazy for wanting a Fidelity Amex @ 2% (all transactions) when I already have a Cap1 Quicksilver @1.5%, right? additionally, i do not spend that much...

Re: crazy for wanting Fidelity Amex...

mongstradamus — Mon, 14 Apr 2014 16:42:31 GMT

@Anonymous wrote:
@I am crazy for wanting a Fidelity Amex @ 2% (all transactions) when I already have a Cap1 Quicksilver @1.5%, right? additionally, i do not spend that much...

I have qs also and want amex fidelity also,so you aren't only one lol

Re: crazy for wanting Fidelity Amex...

trumpet-205 — Mon, 14 Apr 2014 16:43:23 GMT

With Fidelity, you redeem at $25 incremental. With Capital One I believe you can redeem whenever you want. For small spender later is preferable.

Re: crazy for wanting Fidelity Amex...

heyitsyeh — Mon, 14 Apr 2014 16:44:10 GMT

What's really crazy is wanting QS after having a Fidelity Amex

Re: crazy for wanting Fidelity Amex...

trumpet-205 — Mon, 14 Apr 2014 16:46:22 GMT

@heyitsyeh wrote:
What's really crazy is wanting QS after having a Fidelity Amex

Nothing crazy about that. Not every place takes AMEX. Plus QS being Capital One has no FTF.

Re: crazy for wanting Fidelity Amex...

yudeology101 — Mon, 14 Apr 2014 16:47:00 GMT

@heyitsyeh wrote:
What's really crazy is wanting QS after having a Fidelity Amex

LOL

I would like to app for Fidelity AMEX next March in the spirit of St. Patricks Day...soooo Green.

Re: crazy for wanting Fidelity Amex...

BigBS — Mon, 14 Apr 2014 16:50:33 GMT

On my list for whenever I get out of the garden.

Re: crazy for wanting Fidelity Amex...

Anonymous — Mon, 14 Apr 2014 16:50:37 GMT

@heyitsyeh wrote:
What's really crazy is wanting QS after having a Fidelity Amex

Not really, if you find enough of the places you go don't take Amex....

But to answer OP's question: not crazy but possibly not necessary. If INQs aren't an issue, then sure, may as well get it and get the 0.5% extra. But if there is a limit to the cards you can apply for, and your spending is small, the additional amount added by the Amex might well be a lot less than the sign up bonus on a different card.

If you spend $10K a year, the Amex saves $50 over the QS. If you get say the BCE offer for $250 sign up, that is a better choice from the cash view.

Re: crazy for wanting Fidelity Amex...

Anonymous — Mon, 14 Apr 2014 16:54:29 GMT

agreed, all around.

the .05% is not worth an additional INQ plus it would lower my AAoA AND the signup bonus of a miserable $75 is pathetic. but there is still something about that card that gets me...grrr

Re: crazy for wanting Fidelity Amex...

vpae — Mon, 14 Apr 2014 19:08:51 GMT

@trumpet-205 wrote:
With Fidelity, you redeem at $25 incremental. With Capital One I believe you can redeem whenever you want. For small spender later is preferable.

It actually depends on how you're redeeming it. But I too have a QS and like that you can redeem whenever you want.

You only really get your money's worth if you redeem it into a Fidelity account. Check/Statement credit you only get 1/2 which puts you back at 1% (until the threshold, see below). And don't even bother with gift card. it's 3500 points for $25.

Re: crazy for wanting Fidelity Amex...

Anonymous — Mon, 14 Apr 2014 19:38:51 GMT

I just got my Fidelity Amex last Monday

Re: crazy for wanting Fidelity Amex...

Anonymous — Mon, 14 Apr 2014 21:23:00 GMT

in the end, apping for this card seems irresponsible based on my needs etc. i hate that