topic Re: Citi Double Cash vs Fidelity Amex in Credit Cards

Citi Double Cash vs Fidelity Amex

DigitalArk — Thu, 30 Oct 2014 23:30:12 GMT

I am curious to see which one would you prefer and why? I closed my Fidelity Amex and transferred the CL to my BoA Travel Rewards.

I don't like the fact that Fidelity Amex's rewards expire every 5 years, even though I know I could redeem it before it expires.

Re: Citi Double Cash vs Fidelity Amex

Creditaddict — Thu, 30 Oct 2014 23:42:04 GMT

@DigitalArk wrote:
I am curious to see which one would you prefer and why? I closed my Fidelity Amex and transferred the CL to my BoA Travel Rewards.
I don't like the fact that Fidelity Amex's rewards expire every 5 years, even though I know I could redeem it before it expires.

The whole purpose of the Fidelity amex is to transfer to a fidelity account and invest... if you leave them sitting on your account you are not earning 2% and they should expire! you move them to a cash management account they can't expire.

Re: Citi Double Cash vs Fidelity Amex

DigitalArk — Thu, 30 Oct 2014 23:55:27 GMT

@Creditaddict wrote:
The whole purpose of the Fidelity amex is to transfer to a fidelity account and invest... if you leave them sitting on your account you are not earning 2% and they should expire! you move them to a cash management account they can't expire.

I knew. I had it set up to auto transfer to my Fidelity CMA as soon as it accumulated $50+.

Re: Citi Double Cash vs Fidelity Amex

Anonymous — Fri, 31 Oct 2014 01:01:58 GMT

Don't have either but the double cash is a better option. It's a MasterCard, so it's more widely accepted.

Citi's protection coverages may be slightly better or they may be the same. That's not a big deal however.

And for picky people on this forums, citi is sometimes able to process SP CLIs. FIA is strictly HP CLI only.

Re: Citi Double Cash vs Fidelity Amex

DigitalArk — Fri, 31 Oct 2014 01:05:48 GMT

@Anonymous wrote:
Don't have either but the double cash is a better option. It's a MasterCard, so it's more widely accepted.

Citi's protection coverages may be slightly better or they may be the same. That's not a big deal however.

And for picky people on this forums, citi is sometimes able to process SP CLIs. FIA is strictly HP CLI only.

They offer virtual account number for online shopping, which is a really cool feature that I love!

Re: Citi Double Cash vs Fidelity Amex

jsucool76 — Fri, 31 Oct 2014 02:35:29 GMT

Citi has a lower minimum redemption threshold as well. It also doesn't require an existing relationship to acquire. The fid amex requires a banking relationship.

Re: Citi Double Cash vs Fidelity Amex

Membersince2013 — Fri, 31 Oct 2014 02:55:30 GMT

@jsucool76 wrote:
Citi has a lower minimum redemption threshold as well. It also doesn't require an existing relationship to acquire. The fid amex requires a banking relationship.

That explains why i was approved lol. My credit score stinks right now (648) but i still got a 6k limit.

Re: Citi Double Cash vs Fidelity Amex

Involver — Fri, 31 Oct 2014 03:07:26 GMT

Both.

Re: Citi Double Cash vs Fidelity Amex

wacdenney — Fri, 31 Oct 2014 03:07:51 GMT

I don't have the DC, but I'm honestly not a big fan of Citi. I will have it once my CDP hits the 12 month mark and I PC that sucker but I can't imagine I will use it often. I rarely ever stumble into a place where AMEX isn't accepted and my general distaste for Citi will likely insure that the card remains in the SD.

I love my Fidelity AMEX and FIA has been nothing but good to me. Unfortunately I can't say the same about Citi. Maybe I'll come around once I actually have the card?

Re: Citi Double Cash vs Fidelity Amex

Anonymous — Fri, 31 Oct 2014 03:16:37 GMT

@jsucool76 wrote:
Citi has a lower minimum redemption threshold as well. It also doesn't require an existing relationship to acquire. The fid amex requires a banking relationship.

Well, requires that you open a CMA for best redemption, which is a very low threshold, but still a threshold.

To me, the major differences for normal expenses are:

1) Lower redemption threshold on DC

2) Greater acceptance on DC

3) Lower FTF on Fidelity

1) is the only one that really matters to me (I would a true no-FTF card when needed) so I have switched my Fidelity use to DC, except for

4) Amex giftcards count as CA on DC

so those purchases will continue on Fidelity.

Re: Citi Double Cash vs Fidelity Amex

Anonymous — Fri, 31 Oct 2014 06:09:47 GMT

@DigitalArk wrote:
I am curious to see which one would you prefer and why? I closed my Fidelity Amex and transferred the CL to my BoA Travel Rewards.
I don't like the fact that Fidelity Amex's rewards expire every 5 years, even though I know I could redeem it before it expires.

i rather get CITI

Re: Citi Double Cash vs Fidelity Amex

celluloid17 — Fri, 31 Oct 2014 08:09:55 GMT

Since I've had the Double Cash card I haven't used my Fidelity Amex once. I originally figured that I'd use it at Costco, but I also have the TrueEarnings card and since I would like to keep that card active (my only Centurion backed Amex), I may just forgo the extra 1% cashback and use it instead of Fidelity.

In my experience, Citi customer service kind of stinks and their website interface is too cluttered, so BOA/FIA has the advantage there. I never app'd for the Double Cash card, I was fortunate enough to PC my Diamond Preferred to it, so it was a win-win situation for me. If I wasn't able to PC into it, I'm not sure I would have applied for the Double Cash at this time (unless I got the $200 bonus offer!) and would be perfectly happy continuing to use the Fidelity Amex. For my fairly limited spend, the $25 redemption threshold is much better for me than Fidelity's $50 threshold.

The only thing that gives me pause about the Double Cash now is that I'm not convinced that it will last long without being nerfed or eliminated altogether. At least the Fidelity Amex has been around awhile and seems like a more consistently viable option.