2 replies to this topic

[markber]

LINK

Terms:

Fidelity® Retirement Rewards American Express® Card
Earn 2% on purchases with the option to contribute to your Fidelity IRA as a current year contribution and the money will have the potential to grow tax-deferred toward your retirement savings goal.


Fidelity Investments 529 College Rewards® American Express® Card
Earn 2% on purchases to invest in one or more Fidelity 529 accounts, and the money will have the potential to grow tax-deferred toward your college savings goal. Family members can link cards to your Fidelity-managed 529 account – great for grandparents.


Customers earn 2 points for each $1 in net retail purchases. Once you reach 5,000 points, they can be redeemed automatically or on demand for cash at a 1% exchange rate into an eligible Fidelity account (i.e. 5,000 points = $50 deposit). The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits. Additional restrictions apply.

[spena]

Please watch that the cash reward is only 1% cash, which means a 5000 points will get only $25.

1% cash back is most common deal and are there any American express cards that give more than 1% cash back?

LINK

Terms:

Fidelity® Retirement Rewards American Express® Card
Earn 2% on purchases with the option to contribute to your Fidelity IRA as a current year contribution and the money will have the potential to grow tax-deferred toward your retirement savings goal.


Fidelity Investments 529 College Rewards® American Express® Card
Earn 2% on purchases to invest in one or more Fidelity 529 accounts, and the money will have the potential to grow tax-deferred toward your college savings goal. Family members can link cards to your Fidelity-managed 529 account – great for grandparents.


Customers earn 2 points for each $1 in net retail purchases. Once you reach 5,000 points, they can be redeemed automatically or on demand for cash at a 1% exchange rate into an eligible Fidelity account (i.e. 5,000 points = $50 deposit). The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits. Additional restrictions apply.

[markber]

Thanks for your comment, spena!

If one redeems 25,000 points and more, he can get $1 per point, which makes this card a 2% cashback card. See redemption levels below as well as more info here.


2,500 Points = $12.50 Cash Reward
5,000 Points = $25 Cash Reward
7,500 Points = $37.50 Cash Reward
10,000 Points = $80 Cash Reward
15,000 Points = $120 Cash Reward
20,000 Points = $160 Cash Reward
25,000 Points = $250 Cash Reward
35,000 Points = $350 Cash Reward
50,000 Points = $500 Cash Reward

Please watch that the cash reward is only 1% cash, which means a 5000 points will get only $25.

1% cash back is most common deal and are there any American express cards that give more than 1% cash back?

LINK

Terms:

Fidelity® Retirement Rewards American Express® Card
Earn 2% on purchases with the option to contribute to your Fidelity IRA as a current year contribution and the money will have the potential to grow tax-deferred toward your retirement savings goal.


Fidelity Investments 529 College Rewards® American Express® Card
Earn 2% on purchases to invest in one or more Fidelity 529 accounts, and the money will have the potential to grow tax-deferred toward your college savings goal. Family members can link cards to your Fidelity-managed 529 account – great for grandparents.


Customers earn 2 points for each $1 in net retail purchases. Once you reach 5,000 points, they can be redeemed automatically or on demand for cash at a 1% exchange rate into an eligible Fidelity account (i.e. 5,000 points = $50 deposit). The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits. Additional restrictions apply.