Re: Venture X vs Fidelity Rewards Visa

Anonymous · ‎11-30-2024

@Varsity_Lu wrote:
This is why I made the OP. I feel like TSA on the Fidelity card makes it unique enough to at least consider it as an alternative to a true travel card. I think the value drops when you factor in the 5 year TSA cycle. The benefit drops to like 20 bucks a year. (Fidelity will reimburse up to $100 every 5 years)

The screen shot earlier says every 4 years (which is the usual on other cards) so $25, but not a huge difference, especially as you may not need to use the credit this year, or next year, whereas a SUB you can get now.

FWIW, I am a happy user of the Fidelity card, my default when there is no mobile pay or Paypal, or 5% rotator. An alternative I would have suggested before they cut my CL by 95+% is SoFI. No global entry but they do pay 2.2% with direct deposit, and also have no FTF.

Patient957 · ‎11-30-2024

@Varsity_Lu wrote:
@Anonymous wrote:
@FicoMike0 wrote:
Wells active cash is 2% with $200 sub on $500 spend. You could make the spend on one trip to best buy.
Since TSA/GE is still rare on non-AF cards, I guess the comparison with SUBs hasn't been discussed much. While I am not one (in general) who believes in "keeper" cards, if you do, then a card that pays $120+ (or whatever it is/will be) for GE will do that every four years, whereas a SUB is just once. So, in the long term, with the critical provisos that the government program continues to exist AND the card keeps giving a credit, these cards can beat a SUB.
This is why I made the OP. I feel like TSA on the Fidelity card makes it unique enough to at least consider it as an alternative to a true travel card.

If after all this discussion, you still believe the Fidelity card and VX are good alternatives to each other, then there's just no getting through to you. This thread is now entering beating a dead horse territory. Best of luck with whichever card(s) you chose in the future.

creditrizz · ‎11-30-2024

Get em both, Fidelity card is free. Mess around with transferring points on the VX and see if it's worth the time/hassle. If not just cancel it and stick with using the cash back fidelity card.

Equifax:833, TransUnion:830, Experian: 832

Anonymous · ‎12-01-2024

@creditrizz wrote:
Get em both, Fidelity card is free. Mess around with transferring points on the VX and see if it's worth the time/hassle. If not just cancel it and stick with using the cash back fidelity card.

Well, free in no AF, but as with most cards you are going to get an HP and a new account on your credit report, so not zero impact. But if that's OK, then that's a good approach

Varsity_Lu · ‎12-01-2024

@Anonymous wrote:
@creditrizz wrote:
Get em both, Fidelity card is free. Mess around with transferring points on the VX and see if it's worth the time/hassle. If not just cancel it and stick with using the cash back fidelity card.
Well, free in no AF, but as with most cards you are going to get an HP and a new account on your credit report, so not zero impact. But if that's OK, then that's a good approach

One more wrinkle to throw out: the VentureOne card is only a x1.25 points card. But, if what you all are saying is true that Cap One points are worth 1.8 CPP, that effectively makes it a 2.25% card, right? It has no AF (and lacks all the other stuff that X has), but I could dip my toe in the points world with that card and see what it's all about. I'd still be better off that with my Quicksilver. I could always get the X later if I like points.

FICO® 8: 844 (Eq) · 838 (Ex) · 812 (TU)

Anonymous · ‎12-01-2024

@Varsity_Lu wrote:
@Anonymous wrote:
@creditrizz wrote:
Get em both, Fidelity card is free. Mess around with transferring points on the VX and see if it's worth the time/hassle. If not just cancel it and stick with using the cash back fidelity card.
Well, free in no AF, but as with most cards you are going to get an HP and a new account on your credit report, so not zero impact. But if that's OK, then that's a good approach
One more wrinkle to throw out: the VentureOne card is only a x1.25 points card. But, if what you all are saying is true that Cap One points are worth 1.8 CPP, that effectively makes it a 2.25% card, right? It has no AF (and lacks all the other stuff that X has), but I could dip my toe in the points world with that card and see what it's all about. I'd still be better off that with my Quicksilver. I could always get the X later if I like points.

From the pages, it looks as if VentureOne/Venture/Venture X all have the same transfer rate, so that's a possibility, Two potential downsides:

1) With a lower earn rate, it will take longer (more spend) to get to a place where you could meaningfully redeem rewards. If you then decide that you don't like the options, you have lost a fair amount of cashback.

2) 1.8cpp is a claimed average. Again with a low 1.25 points per dollar earn rate, it doesn't take much of a dip below that to be worse than a 2% cashback card.

NoHardLimits · ‎12-01-2024

@Anonymous wrote:
@Varsity_Lu wrote:
@Anonymous wrote:
@creditrizz wrote:
Get em both, Fidelity card is free. Mess around with transferring points on the VX and see if it's worth the time/hassle. If not just cancel it and stick with using the cash back fidelity card.
Well, free in no AF, but as with most cards you are going to get an HP and a new account on your credit report, so not zero impact. But if that's OK, then that's a good approach
One more wrinkle to throw out: the VentureOne card is only a x1.25 points card. But, if what you all are saying is true that Cap One points are worth 1.8 CPP, that effectively makes it a 2.25% card, right? It has no AF (and lacks all the other stuff that X has), but I could dip my toe in the points world with that card and see what it's all about. I'd still be better off that with my Quicksilver. I could always get the X later if I like points.
From the pages, it looks as if VentureOne/Venture/Venture X all have the same transfer rate, so that's a possibility, Two potential downsides:

1) With a lower earn rate, it will take longer (more spend) to get to a place where you could meaningfully redeem rewards. If you then decide that you don't like the options, you have lost a fair amount of cashback.
2) 1.8cpp is a claimed average. Again with a low 1.25 points per dollar earn rate, it doesn't take much of a dip below that to be worse than a 2% cashback card.