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New 3% everywhere card, with a catch!

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Mega Contributor

New 3% everywhere card, with a catch!

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-includin...

 

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!

Message 1 of 19
18 REPLIES 18
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Moderator

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

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

Message 2 of 19
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Regular Contributor

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

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% 😆












Message 3 of 19
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Mega Contributor

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


@CreditCuriosity wrote:

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


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

Message 4 of 19
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Community Leader
Super Contributor

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

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







Message 5 of 19
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Frequent Contributor

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


@CreditCuriosity wrote:

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


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

Amex Blue Cash $28k
Chase FU $11.2k
BOA Cash Rewards $20k
Comenity BJ's Perks Plus M/C $10k
Cap1 QS $750 (AU), BOA Auto
March. 2020 TU 781, EX 775, EQ 776
INQ 1/6, 1/12, 2/24.......TU-0, EX-2 EQ-2
Message 6 of 19
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Established Contributor

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


@longtimelurker 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-includin...

 

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!  Smiley LOL




Potential Future Cards


Message 7 of 19
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Mega Contributor

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


@Wavester64 wrote:

@longtimelurker 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-includin...

 

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!  Smiley LOL


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.

Message 8 of 19
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Valued Contributor

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

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

Message 9 of 19
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Mega Contributor

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


@CreditCuriosity wrote:

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


+2 Million

Message 10 of 19
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