Fidelity Rewards Visa Signature Card With 2% Cash Back Now Available

Fidelity Investments announced a new long-term card-issuing program that will offer Visa branded credit-card products to U.S. consumers, including Fidelity’s 24 million customers.

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Under the new card program, U.S. Bank will issue the Fidelity Rewards Visa Signature Card and the Fidelity Investments 529 College Rewards Visa Signature Card, where cardmembers can earn unlimited 2% cash back with no annual fees, caps or categories when directing rewards into eligible Fidelity accounts.

An interesting fact during the announcement was that customers using Fidelity’s 2% cash back credit cards have earned more than $1 billion in cash rewards since 2003.

The new Fidelity Rewards Visa Signature Card is pretty much the same as the discontinued Fidelity Amex card. You will earn unlimited 2% cash back, but to earn the rate you will have to redeem for a deposit into an eligible Fidelity account.

Right now there’s no sign up bonus for the card, so I don’t suggest applying. The Citi Double Cash card would make more sense for a 2% everywhere card and even the Discover It card would be a good option with 1% everywhere and 5% rotating categories that are doubled for a year.

Card Details

  • Apply Here
  • Unlimited 2% cash-back when redeemed for a deposit into an eligible Fidelity account
  • No limit on points Earned
  • No limits on reward points and no restrictive categories
  • Points don’t expire
  • No Annual Fee
  • Visa Signature Benefits