Fidelity Credit Card Review

Author:

Are you a fan of Fidelity’s great financial services but not sure if their credit card offering is worth it? Don’t worry, we have your back. In this blog post, we will explore the benefits of the Fidelity credit card and compare it to other cards on the market. We will also review its features and fees so you can make an informed decision about whether this card is right for you. Keep reading to find out more!

What is the Fidelity Credit Card?

The Fidelity Credit Card is a credit card offered by Fidelity Investments. It has no annual fee and offers a 0% APR on purchases and balance transfers for the first 15 months. After that, the APR will be either 17.99% or 21.99%, depending on your creditworthiness. The card also offers a rewards program, giving you 1 point for every $1 spent on eligible purchases. Points can be redeemed for cash back, travel, gift cards, and more.

How Does the Fidelity Credit Card Work?

When you use a Fidelity credit card, you are essentially borrowing money from Fidelity. You will be required to make monthly payments on the outstanding balance, and interest will accrue on the unpaid balance. The terms of your credit card agreement will determine the interest rate and other fees associated with your account.

To use your Fidelity credit card, simply present it at the time of purchase. The merchant will then run the card through a credit card reader, which will authorize the transaction and send the appropriate funds to Fidelity. You will then receive a monthly statement from Fidelity detailing your purchases and any payments or credits that have been applied to your account. It is important to keep track of your spending and to make timely payments, as late payments can result in additional fees and penalties.

What are the Benefits of the Fidelity Credit Card?

When it comes to credit cards, there are a lot of different options available. But if you’re looking for a credit card that offers great benefits and perks, then the Fidelity Credit Card is a great option. Here are some of the benefits of the Fidelity Credit Card:

1. You’ll earn 2% cash back on all purchases: With the Fidelity Credit Card, you’ll earn 2% cash back on all of your purchases. That means every time you use your card, you’ll be earning money back that you can use towards future purchases or investments.

2. No annual fee: One of the best things about the Fidelity Credit Card is that there is no annual fee. That means you can use your card without having to worry about paying any extra fees each year.

3. A 0% intro APR on balance transfers and new purchases: Another great benefit of the Fidelity Credit Card is that you’ll get a 0% intro APR on balance transfers and new purchases for the first 15 months your account is open. After that, a variable APR will apply. This intro APR offer can help you save money on interest charges if you need to carry a balance on your card or make any large purchases in the near future.

4. Access to exclusive investing insights and tools: As a cardholder, you’ll also have access to exclusive investing insights and tools from Fidelity Investments. This can help you make smarter decisions with your money and grow your investments.

5. Fraud protection: The Fidelity Credit Card also provides fraud protection, which means you won’t be liable for any unauthorized purchases made with your card.

What are the Drawbacks of the Fidelity Credit Card?

There are a few drawbacks to the Fidelity Credit Card. First, the card has a high annual fee of $95. Second, the interest rate on the card is relatively high, at 22.99%. Finally, there is no 0% intro APR period on purchases or balance transfers with this card.

Who is the Fidelity Credit Card for?

The Fidelity Credit Card is for people who want to earn rewards on their everyday spending. With no annual fee and a low interest rate, it’s a great choice for people who are looking to save money on their credit card bills.

How to Use the Fidelity Credit Card

If you’re looking to use your Fidelity Credit Card, there are a few things you need to know. First, make sure you have a good credit score. This will ensure that you get the best interest rate possible. Second, always pay your balance in full each month to avoid paying interest. Third, take advantage of the cash back rewards program by using your card for all of your everyday purchases. By following these simple tips, you can make the most out of your Fidelity Credit Card and save money at the same time!

Conclusion

Fidelity credit cards offer a great range of features and rewards that are perfect for those who want to make their money work harder. They have no annual fee, plenty of cashback options, and exclusive benefits such as extended warranties on purchases and access to their loyalty program. If you’re looking for a simple yet effective way to manage your finances, then the Fidelity Visa Signature Credit Card could be the right card for you.