Fidelity Retirement Rewards Amex Card Offers 2% Rebate Into IRA

The Fidelity Retirement Rewards Amex Card just launched and it rebates a high 2% into a Fidelity IRA. There is no annual fee and no minimum balance.

Fidelity Retirement Rewards American Express CardThe Fidelity Rewards Amex Card just launched and it rebates a high 2% into a Fidelity IRA.  There is no annual fee and no minimum balance.

As you can see from the BestCashCow Credit Card Rewards page, 2% is pretty high for an unrestricted rebate amount.  Some credit card companies pay higher but they only pay on certain items, or they cap the amount that you can earn per year.  Fidelity has no restrictions on what you earn 2% on and there is no limit to what you can earn.

I have the Fidelity 529 College Rewards Card and 2% of whatever I spend is deposited into a 529 plan for my kid's college education.

For every $1 that you spend you'll earn 2 rewards points.  Once you reach Reach 5,000 points (after making $2,500 in purchases) $50 can be automatically swept into your Fidelity IRA as a current year contribution or other Fidelity account.  You'll obviously need a Fidelity account in order to redeem the offer.

The card, like all credit cards, is best used by someone who pays off their balances in full every month.  The card charges a 16.99% APR.   Balance transfers receive an intro. rate of 1.9% for the first 6 statement Closing Dates. After that the rate is 16.99% APR.

Advertising Disclosure: BestCashCow has partnered with CardRatings for our coverage of credit card products. BestCashCow and CardRatings may receive a commission from card issuers.

Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author's alone, and have not been reviewed, endorsed or approved by any of these entities.

User Generated Content Disclosure: Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Your code to embed this article on your website* :

*You are allowed to change only styles on the code of this iframe.



    July 04, 2009

    I've had accounts with Fidelity Investments Brokerage for years.
    Just recently discovered this AMEX card deal w/ Fidelity and applied.
    FIA Card Services handles the card.
    Quite simple and easy, as well as convenient.
    So far, so good.

  • johng

    July 12, 2009

    I have the fidelity 529 card and it's great. Plus, fidelity is a class act, you cant go wrong with fidelity and don't need to invest a fortune with them to get great customer service. I was once an etrade customer, but they didn't hold a candle to fidelity!

  • «
  • Page 1 of 1
  • »
Add your Comment