FNBO Amex 2% gas and groceries
1. BOA visa sig cash rewards - 35,000
2. BOA visa plat cash rewards - 25,000
3. BOA accelerated Amex - 20,000
Well, a couple options depending on your approach and that is if it's worth it to you. Fidelity AMEX is perhaps doable if you are willing to reallocate CLs or close one in favor of another. Drawback: new account/AAoA hit and HP and separate logon FIA portal (plus enharu and Lexie are not crazy of the *pukey* green color - I'm possibly the only nut that likes the *lime green* color). Additionally, if you have a current BOA banking relationship, there's also the Privileges Cash Rewards which would compliment a PlatinumPrivileges banking relationship (i.e. bonus); however, you would need to plant a minimum $50K (and maintain that level ADCB) to avoid the $75 AF.
IMO, the BOA Accelerated AMEX doesn't stack up to the FIA AMEX with acceptance or rewards - it's ok. I kept mine for specific benefits but it lags in cashback value even compared to its peers like the Cash Rewards or even the Travel Rewards.
ETA: Just read what enharu and myjourney mentioned in your other post/thread about your recent app spree and inqs. Perhaps not a good idea at the moment.
I don't have bad credit... I just went on a spree that's all. The Amex thing I understand cus I was Fr'd and a day after I got the go ahead I applied..lol
You can set up a cash management account for fidelity and have your rewards go into that account. It works somewhat like a checking account.
Alternatively, I think there's also an option to write you a check once you reach $250 in rewards?
Right, no need for an IRA, it really is just like cash. Redeeming into non-Fidelity accounts gives a worse return, but there really is no need to do that. Need 5,000 points (=$50) to redeem is the only real disadvantage compared to say Quicksilver.