Fidelity is one of the three most well known brokerages out there including Vangaurd and Charles Schwab. While Fidelity may not be able to compete with Charles Schwab, and their partnership with American Express to get their own branded Platinum card, Fidelity does have its own catch all 2% card. While there is a little bit of a sign up bonus on the card normally, some people are being targeted for a much higher offer!
Fidelity seems to be targeting some of its customers for an offer on their 2% cashback card. The sign up bonus is actually a tiered bonus which is broken down as follows:
- $150 for spending $1,500 within the first 3 months
- An additional $150 for spending an additional $4,500 within the first 3 months
To get the complete bonus, this would require spending a total of $6,000 within the first 3 months.
The public offer on this card is usually $100 for spending a total of $1,000 within the first 3 months. If you are able to spend the complete $6,000, then this is definitely the offer to go for. If the complete bonus is difficult, at least you would be earning the same amount of money relative to the spend required if you can only meet the $1,500 spend.
This isn’t a bad card by any means as it’s a catch all credit card that earns 2%. Still, there are some things to consider, like how the cashback is actually only redeemable at a high minimum of $50, and it’ll only be redeemable through your Fidelity accounts. If this is something that you’re ok with, this is a pretty nice way to grab this card.
Is the extra spend worth the extra bonus to you? Let us know down in the comment section below!