Fidelity® Rewards Visa Signature® Card Review

Overview

The Fidelity Rewards Visa is a clean flat 2% cash-back card with no annual fee, with one twist: the rewards are deposited into a Fidelity account. If you invest with Fidelity, that makes it a great way to funnel a steady 2% straight into your investments.

As a simple 2% card it is already solid, and the Fidelity connection gives it a nice angle for anyone building wealth there.

Our 7.8 out of 10 rating

Each score weighs the rewards rate, value after the annual fee, welcome offer, points flexibility, and perks, with every point valued at a flat 1 cent. This is our editorial assessment to help you compare cards, not a guarantee of approval or of the value you will get.

Rewards: how it earns

You earn a flat 2% on every purchase with no annual fee, and the cash back is deposited into an eligible Fidelity account. That is a strong, simple rate, and routing it into investments is a nice touch for anyone already using Fidelity. It is cash back, so there is no transfer upside.

Every point and mile above is valued at a flat 1 cent, the same honest standard we use for every card. Run your own spending through the calculator to see what this card would actually return for you.

Pros and cons

The welcome bonus

There is no meaningful welcome bonus, which is a minor knock compared to cards that give you a few hundred dollars up front.

Is it worth the annual fee?

There is no annual fee, so there is nothing to justify. Flat 2% for free, funneled into your investments, makes this an easy card to hold.

First-year value vs ongoing value

There is no lump-sum welcome bonus, so first-year and ongoing value are about the same, roughly $583 a year on typical spending after the fee. What you see is what you get from day one.

*First-year value counts the welcome bonus, estimated rewards, and annual credits, minus the annual fee; ongoing value is a typical year after. Every point at a flat 1 cent, on average spending.

Benefits and protections

Beyond the rewards, the perks and protections worth knowing about include:

• Rewards deposit into an eligible Fidelity account such as a brokerage, IRA, or 529
• No categories to track and no caps
• No foreign transaction fees

Statement credits

This card does not come with recurring statement credits. Its value is in the rewards rate and welcome offer.

Who should get it, and who should skip it

If you invest with Fidelity, this is a smart card, a flat 2% on everything that flows automatically into your account is a painless way to boost your investing. It is one of the better ways to put your everyday spending to work.

Even if you are not a Fidelity customer, the 2% rate is solid, though the lack of a welcome bonus means other flat 2% cards may be more appealing up front. For Fidelity users, though, it is a natural fit.

Frequently asked questions

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