Improvement: Fidelity 2% Card Removes 2,500/$25 Minimum Redemption Value

The OG Fidelity 2% card is removing its 2,500 points ($25) minimum redemption value by the end of August. This is great news for avoiding orphaned points and for taking advantage of various spend offers when the card is not your main driver.

Hat tip to reader Daniel

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ChurnosaurusRex
ChurnosaurusRex (@guest_2096096)
July 10, 2025 10:20

Wow, so exciting to be able to access that $24.99 slightly ahead of schedule. With the interest on that, you may be able to retire early

MaxPayne
MaxPayne (@guest_2096130)
July 10, 2025 11:00

This is great for people with low spend. Not everyone will rack up 25$ in rewards regularly

niadnf
niadnf (@guest_2096165)
July 10, 2025 11:33

I am happy when there is any positive changes these days. Normally they screw us and make it seem like it is for the users benefit.

Kat
Kat (@guest_2096046)
July 10, 2025 08:50

I have a Fidelity CMA and brokerage accounts and am considering this CC. The $150 SUB, $100 TSA credit and 2% on everything without a higher reward is the reason I’m considering this. For my cashback cards I am getting a great return with the PayPal debit card. Getting 5% on a $1,000 monthly spend on groceries (there are 4 or 5 other categories to choose alternatively) that you need to activate monthly. I add $1000 monthly til it’s used, and btw Costco, Target, Walmart and BJs code as grocery stores so its easy to get that spend in for max value.

JB
JB (@guest_2096619)
July 10, 2025 20:41

Do you have a public offer for the $150? I am a customer but seemingly not targeted

Kat
Kat (@guest_2096852)
July 11, 2025 06:43
  JB

No, I was trying yesterday, called fidelity too but got nowhere. There’s a link in doc, under credit card bonuses but I couldn’t verify it so I’m not going to take that chance opening a new cc account. Keeping my eye on it though.

Too Many Cards
Too Many Cards (@guest_2095783)
July 9, 2025 20:04

How can Fidelity offer a 2% card for years on end when Schwab cancelled theirs after two years and now only offers a 1.5% card?

Frypan
Frypan (@guest_2095836)
July 9, 2025 21:08

I’m not privy to Fidelity’s decision making, but I imagine it’s because it attracts people to their business. Fidelity is a wealth management company first and foremost. People hear that the Fidelity card is a good card, so they open up a brokerage account and move their assets to Fidelity to go with the card.

Clearly it works for them, or they wouldn’t have continued to make the card better and better over the years.

Jack
Jack (@guest_2095871)
July 9, 2025 22:09

And, the Visa Signature average interchange fee is about 2.10% + swipe charge. Close enough for a loss leader.

RiskandReward
RiskandReward (@guest_2096128)
July 10, 2025 10:58

The business strategy makes sense, but Schwab is also a wealth manager and direct Fidelity competitor, so the original question remains. How come the 2% cb card works for Fidelity but not for Schwab…

atexit8
atexit8 (@guest_2095679)
July 9, 2025 18:08

Now if they’d only credit the offers quicker instead of waiting 3 statement cycles, then it would be perfect.

JW
JW (@guest_2096058)
July 10, 2025 09:16

Yes!!! This is my primary complaint with the card. I would give them a pass on the time to credit if they had a tracker, or otherwise confirm you met the offer terms. Instead we wait 8-10 weeks after the end of the promotion (not when you met the terms), and then they credit properly maybe 75% of the time

Eric 🔗
Eric 🔗 (@guest_2095577)
July 9, 2025 16:36

This would be great news for me if I didn’t stop using this card (besides the monthly waiver) years ago because it’s inferior to my UCR. 😉

Jack
Jack (@guest_2095908)
July 9, 2025 23:33

Eric, how does your 1.5% cash back UCR beat them? Because you’re in Platinum Honors Preferred Awards too? Thanks Eric 🔗

Eric 🔗
Eric 🔗 (@guest_2096015)
July 10, 2025 07:03

#1. Yes, I am.

#2. I noticed that you wrote “too”. Are you implying that you have Preferred status also?

Jack
Jack (@guest_2096062)
July 10, 2025 09:39

Congrats Eric. I’m working towards there. If not for helpful readers like you and others, I’d be living paycheck to paycheck…. Eric 🔗 so thank you!

Tom
Tom (@guest_2095490)
July 9, 2025 15:08

OG?

Eric 🔗
Eric 🔗 (@guest_2095579)
July 9, 2025 16:37

I know what OG stands for but what does that have to do with this announcement?

John
John (@guest_2095685)
July 9, 2025 18:11

Literally nothing. OG Fidelity card was issued by BofA and was AMEX card. Then it was acquired by Elan and anything after that can no longer be OG by definition.

Eric 🔗
Eric 🔗 (@guest_2095758)
July 9, 2025 19:45

It’s rare for someone to agree with me on here. I’m more used to people making snide (or worse) replies to my comments, like what’s their name did earlier today in this post. 😉

Bobobobo
Bobobobo (@guest_2095790)
July 9, 2025 20:11

Don’t worry Eric you’re my favorite character in Doc’s comment sections

Jack
Jack (@guest_2095904)
July 9, 2025 23:21

Eric, these kind of people stand no chance here!!! I’m with you Eric 🔗

Eric 🔗
Eric 🔗 (@guest_2096014)
July 10, 2025 07:02

I appreciate the support! 😀

never mind
never mind (@guest_2095408)
July 9, 2025 13:38

The $25 minimum was the main reason I stopped using this card as my primary. Now I might go back to it. A few weeks ago they sent me a survey and I mentioned the $25 problem. They listened.

Summer
Summer (@guest_2095376)
July 9, 2025 13:07

About time. I’ve started using this card more for overseas travel for day-to-day stuff like supermarkets.. probably the best cashback for overseas supermarkets at 2%?

eghost57
eghost57 (@guest_2095377)
July 9, 2025 13:10

Navy Federal More Rewards earns 3% on groceries with no FTF

RiskandReward
RiskandReward (@guest_2095407)
July 9, 2025 13:37

It’s the best no-hassle, no AF cash back card for overseas use.

BofA Premium Rewards card gets 2.62% everywhere no FTF, but need $100k assets.

Citi Premier gets 3x points on groceries, no FTF, but comes with $95 AF.

EP150
EP150 (@guest_2095439)
July 9, 2025 14:02

Capital One Savor (or USBAR if tap to pay is available)

theduck
theduck (@guest_2095482)
July 9, 2025 14:56

The futurecard (debit) is also nice to have when traveling since it gives 5% on public transportation (subways, trains, ferries, buses) which many travel cards exclude as travel. Plus it’s currently giving 5% on groceries through September I believe

RiskandReward
RiskandReward (@guest_2095765)
July 9, 2025 19:50

It’s interesting that Futurecard does not have FTF, but as a debit card it may not have the same protections as a CC, which could be helpful overseas.

Twobitplayer
Twobitplayer (@guest_2095934)
July 10, 2025 00:15

This will probably get me ridiculed but I actually use the zero fee Verizon card for overseas supermarkets. Clearly pointless to non Verizon users but otherwise it’s an effortless 4% with no FTFs on foreign supermarkets and restaurants. Have the Fidelity card as well but this change is meaningless to me as the $25 minimum was never really an issue.

Eric 🔗
Eric 🔗 (@guest_2096027)
July 10, 2025 07:28

Getting 4% CB on grocery is not bad at all.

Ajay
Ajay (@guest_2095328)
July 9, 2025 12:20

There are spend offers on this card? Where do you see them?

anonymous
anonymous (@guest_2095470)
July 9, 2025 14:44

They’re usually announced by email.

BG
BG (@guest_2095520)
July 9, 2025 15:48

https://www.fidelity.com/go/visa-signature-rewards-1502
$150 for 1k, not much but I’d get the card for the actual features

Jonas_Vingaard
Jonas_Vingaard (@guest_2095268)
July 9, 2025 11:42

Nice to see a positive change to a product. While the points/travel cards can provide value (in select situations).