Fidelity Credit Cards Offer Alternative Investment Strategy
Fidelity Investments' credit card offerings - including its Fidelity Rewards American Express Cards with an earn rate of 2% cash back on purchases when deposited into an eligible Fidelity account - have helped Cardmembers earn cash rewards totaling more than $500 million since first introduced in 2003. Customers have directed their rewards towards savings in a Fidelity brokerage account, Fidelity retirement account, Fidelity-managed 529 college savings plan or Fidelity Cash Management Account. Fidelity gives customers the flexibility to direct different percentages of their cash back rewards into multiple accounts.
“People are looking to maximize their savings wherever they can, so it makes sense for investors to consider a credit card that will earn unlimited 2% Fidelity rewards,” said James C. Burton, president of Fidelity’s retail brokerage business. “Every cash back award counts, especially when it’s going into an investing account where it has the power to earn returns over time.”
In 2012, customers have averaged nearly $122 in rewards per month using their Fidelity Rewards Cards, putting them on track to earn nearly $1,500 by the end of the year. Feedback is being captured via Fidelity’s online Ratings & Reviews system, where nearly 80 percent of reviewers have rated it a four or a five out of five stars. Of those reviewers, 99 percent would recommend the card to their friends.
Investors can apply for a Fidelity Rewards American Express Card and a Fidelity Investment Rewards Visa Signature Card online, calling 800-Fidelity, or by visiting one of Fidelity’s 172 investor centers throughout the United States.
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