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

Subscribe
Notify of
guest

101 Comments
newest
oldest most voted

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

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.

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).

P.G.
P.G. (@guest_2095259)
July 9, 2025 11:34

I hardly use this 2% cashback credit card since I get 5% cashback on almost everything.

daniel
daniel (@guest_2095271)
July 9, 2025 11:44

ok

JimH
JimH (@guest_2095343)
July 9, 2025 12:33

Thanks for sharing. Everyone, I’m sure, has been wondering.

Thom Mantua
Thom Mantua (@guest_2095368)
July 9, 2025 12:57

That funny

S.C
S.C (@guest_2095395)
July 9, 2025 13:25

This card isn’t for me either with the optimizing and churning I do, but this is my go-to recommendation for friends and family wanting a simple set up. This change just makes it even easier to recommend.

Shz Won
Shz Won (@guest_2095415)
July 9, 2025 13:45

how? what are your card stack that enables that?

Jay
Jay (@guest_2095527)
July 9, 2025 15:56

For relative simplicity, most of my card spend is w/ BoA @ 5.25% — grocery, gas, online, dining with Custom Cash Rewards. 2.62% otherwise with Unlimited Cash Rewards.

Need preferred rewards platinum honors. I churn the brokerage balances with Merrill for bonuses.

Eric 🔗
Eric 🔗 (@guest_2095581)
July 9, 2025 16:39

You keep your Bac Checking account open though, right?

Jay
Jay (@guest_2095687)
July 9, 2025 18:12

Yes, so there is the trade-off of no checking bonus churning.

Eric 🔗
Eric 🔗 (@guest_2095761)
July 9, 2025 19:47

Am I correct that you are like me and have multiple CCRs to take full advantage of this? I told someone recently that I don’t mind missing out on the Checking churns with the value that I get from my Bac cards. 😀

Jay
Jay (@guest_2095684)
July 9, 2025 18:11

^ a clarification, I get 5.25% on grocery by using the store app which codes as online for some major chains. Otherwise it’s 3.5% with the platinum honors boost.

Eric 🔗
Eric 🔗 (@guest_2095800)
July 9, 2025 20:20

That’s interesting. Have you ever tried that with buying Visa/MC GCs in those grocery stores?

Twobitplayer
Twobitplayer (@guest_2095936)
July 10, 2025 00:17

I have never been able to get Visa/MC GCs to work paying with the Kroger pay. No matter the override that happens with the cashier. Maybe it’s just me.

Frypan
Frypan (@guest_2095849)
July 9, 2025 21:26

…it’s just now occurring to me that the same methods which trigger the CSP’s online grocery category probably also trigger the CCR’s online category.

You mind sharing what stores you are going to and how it codes as online? I am aware of Kroger Pay for the Kroger family of stores and Paypal show-to-pay for Safeway/Albertsons family of stores.

BG
BG (@guest_2095522)
July 9, 2025 15:52

This is best for foreign everyday travel. There’s no 5% everything card that also has no FTF and no AF (if there is I would love to know!)

EP150
EP150 (@guest_2095535)
July 9, 2025 16:00
  BG

These aren’t 5% but technically, BofA Platinum Honors at 2.625%, Alliant at 2.5% and SoFi at 2.2% beat this rate. USBAR can get up to 4.5% for mobile wallet purchases when using Real Time Rewards. I have the Kroger card which has 5% for mobile wallet but I’ve never been able to get it to work for foreign transaction purchases.

BG
BG (@guest_2095798)
July 9, 2025 20:17

Yeah unfortunately I’m not qualified for Preferred Rewards due to Merrill perma-banning me. There are also those who don’t want to or can’t get into the BoA PR system.

I have CCRs and TRs at Platinum Honors through P2 and P3 but need a better foreign travel card for myself.

Eric 🔗
Eric 🔗 (@guest_2095833)
July 9, 2025 21:03
  BG

What did you do to make Merrill ban you?

Hacker
Hacker (@guest_2095542)
July 9, 2025 16:03
  BG

He’s leaving out the important detail of FTF so he can feel good about his numerous BofA CCR cards and/or cards with rotating 5% categories.

Eric 🔗
Eric 🔗 (@guest_2095582)
July 9, 2025 16:40

No FTF is not important to me at all. To each their own.

Hacker
Hacker (@guest_2095649)
July 9, 2025 17:33

Not everything is about you.

Eric 🔗
Eric 🔗 (@guest_2095670)
July 9, 2025 17:49

Wow, do you not see the hypocrisy in your reply to me? You wrote “[h]e’s leaving out the important detail of FTF”. That means that having no FTFs is important to you but it is not to that person.

Unlike you, I understand that we don’t all think the same as I wrote “[t]o each their own”!

Hacker
Hacker (@guest_2095768)
July 9, 2025 19:53

My comment about FTF was to BG.

No one cares if FTF matters to you or not, so why even write it as a comment? Just move on.

Eric 🔗
Eric 🔗 (@guest_2095785)
July 9, 2025 20:06

Hacker,

I initially replied to you to defend P.G.. I was writing that I also don’t care about FTFs so I can understand why they left it out!

Ironically, I’ve gotten in the most arguments on this site when I defended someone and then someone like you got offended by it. The person that I defend rarely, if ever, thanks me so you’re right that I should have stayed out of it!

John
John (@guest_2095692)
July 9, 2025 18:18

Wait till you learn that there’s a hack to get no FTF on CCR cards…

Hacker
Hacker (@guest_2095784)
July 9, 2025 20:05

Nice trick, thanks for the idea.

BG
BG (@guest_2095793)
July 9, 2025 20:13

Google’d this…. seems like something they could fix very quickly hmmmm