crazy for wanting Fidelity Amex...

Anonymous · ‎04-14-2014

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...

mongstradamus · ‎04-14-2014

@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

EX Fico 804 11/16/16 Fako 800 Credit.com 11/16/16
EQ SW bank enhanced 11/16/16 839 CK fako 822 11/16/16
TU Fico discover 10/19/16 814 Fako 819 Creditkarma 11/16/16

trumpet-205 · ‎04-14-2014

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

heyitsyeh · ‎04-14-2014

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

TU: 777 | EQ: 814 | EX: 764
Last INQ: 3/26/21
AAoA: 4y 7m
Lowest limit: Chase Freedom Visa - $13,000
Highest limit: Discover It - $56,500
Available credit: $200,600 (8 cards)

trumpet-205 · ‎04-14-2014

@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.

yudeology101 · ‎04-14-2014

@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.

JPM Ritz Carlton $8k I UMP Club $8k I CSP $8k | Chase Hyatt $5k I AMEX Green NPSL I AMEX Delta $2k I Citi AA $2k | C1 QS $4.5k
BOA UNC-CH Alumni $6k I Hawaiian WEMC $3k I Arrival $6.5k I IT $1.5k | Merrill+ $2k | Lowes $12k | Apple $2k | +23more
Scores: EQ:671 (FICO ↑ 11) EX:686 (FICO ↔ N/C) TU:686 (FICO ↑ N/C) *8-5-14*

Overall UTIL: 14% *Gardening Since: 1/20/16*
------------------------------------------------------------
Need to stay out of trouble.... Go Heels!!! ... GC Watchlist ( #1 since 12-12-13)

BigBS · ‎04-14-2014

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

Score: EQ(809) EX(819) TU(800)
INQs: EQ(7) EX(16) TU(8)
Last INQ: 13 Jul 23

Total Credit Limit - $2.0M

Anonymous · ‎04-14-2014

@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.

Anonymous · ‎04-14-2014

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

vpae · ‎04-14-2014

@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.