Posted by William Charles on November 8, 2017
Credit Cards

Published on November 8th, 2017 | by William Charles

72

Fidelity Visa (2% Back Card) $100 Sign Up Bonus Publicly Available

Offer available until December 31st, 2017. Hat tip to reader AD

Reposting as offer is available again. Hat tip to reader Artan S

The Offer

Direct link to offer

  • Receive a sign up bonus of $100 when you spend $1,000 or more within the first 90 days on the new Fidelity Visa card

fidelity visa

Card Details

  • No annual fee
  • Card earns 2% cash back on all purchases
  • 1% foreign transaction fee
  • This Bonus Cash offer is available only to new Fidelity Rewards Accounts booked through this special offer. Existing and previous Fidelity Rewards card members are not eligible for this offer
  • Card issued by Elan services (subsidary of U.S. bank)

Our Verdict

This is the highest public bonus I’ve seen on this card (even when it was issued by FIA card services), although there is a targeted offer of $200 out there currently (or $100 with a lower spend requirement). This is a pretty good deal if you need a card that has a high base spend, if you already have one of those (or don’t need one because you’re spend just goes to minimum spend requirements) then there are better cash sign up bonuses out there. You can read our full review of this card here. Keep in mind you also need to open an eligible Fidelity account as well (cash management is best option if you don’t want to invest with Fidelity).

If anybody can find a link to the $200 offer, please let me know in the comments below.

Hat tip to reader Justincase



72 Responses to Fidelity Visa (2% Back Card) $100 Sign Up Bonus Publicly Available

  1. P says:

    Shoots. Very good. Except for the foreign transaction fee

  2. JP says:

    Legit question. With citi double cash in hand is this card needed in wallet besides initial cash bonus? I can see leveraging purchases to two cards since all eggs in one basket is not exactly good strategy. But it doesn’t really give distinguished advantage.

    • Jim says:

      Visa is accepted at Costco B&M after June 19th, MC is not? Double cash has the annoying delay between getting paid for spend and getting paid for paying your bill? Not excellent reasons, but reasons.

    • Kevin says:

      There is no huge advantage beyond the sign up bonus unless you need a Visa for Costco use, but if you have a BOA Cash Rewards, that’s now a Visa with 2% at Costco as well.

      Like others noted though, Fidelity just pays the 2% after purchases, not 1+1 like Citi which some find annoying.

  3. Credit says:

    I am being transitioned from Amex to visa. The account #s will change.

    Am I a new customer or an old customer? Am I eligible for the spend bonus or not. I suppose I can ask them once the card comes. Expected soon.

    • I think you’d be considered an existing customer for this bonus.

      • GL says:

        When Amex transitioned to Citi for the Costco portfolio, because the #s changed, there was another new account on my credit report. Important to note for the 5/24 situations. Chase refused to budge, saying a new account is a new account, regardless of the circumstances in which it occurred.

  4. Dave says:

    Thx for posting, but ..pass; such a wimpy bonus for a card I can live w/o 🙂

  5. Jeff says:

    Stated signup bonus is stated amount $$$ ONLY if points are directed at a Fidelity Investment account.

    “EXISTING and previous Fidelity Rewards card members are not eligible for this offer.”
    My read is the Amex to Visa converted cardholders ARE NOT eligible for the sign up bonus.

    Taken from offer T&C:
    Fidelity Rewards Bonus Cash information: To receive this one-time $100 cash back (awarded on a points basis of 10,000 points, which are equivalent to $100 cash back when deposited into an eligible Fidelity account), you must apply by 12/31/2016, and make a purchase or purchases totaling $1,000 or more with your new Fidelity® Rewards Visa Signature® Card within 90 days of account opening. Purchase requirement is met by net purchases only (purchases minus credits and returns); advances, convenience checks, balance transfers, interest charges, fees, credit insurance charges, or transactions to fund certain prepaid card products are not eligible. 6 to 12 weeks after qualifying purchases are made, the one-time Points Bonus will be added to the account holder’s points balance. The offer is subject to credit card approval and your new Fidelity Rewards Account must be open and in good standing at the time of purchase, and fulfillment to receive the one-time Points Bonus. This Bonus Cash offer is available only to new Fidelity Rewards Accounts booked through this special offer. Existing and previous Fidelity Rewards card members are not eligible for this offer

  6. EdVed says:

    Dr. of Credit and others have written about freezing credit bureau for US Banks issued cards. Since this card is linked with US Bank…would you consider that a good move here? Anyone had luck freezing credit in the past with USBank?

  7. alcwj says:

    Applied, but pending approval. Who should I call to find out?

  8. Joe says:

    I already got the Fidelity VISA card, which is replace the Fidelity AMEX card.
    Can I request them to match this $100 promotion when I call in to activate the Fidelity VISA card?
    Any data point?

    Thank you very much!

  9. Steve says:

    Amex fia card had the option to get a statement credit at 1:1 ratio for 25k points instead of needing to put the points in fidelity accounts. Is that still an option with this new elan card?

  10. Jeff Hix says:

    Must accrue 5000 points to collect. The claimed 2% cash rewards can only be sent to your Fidelity Investments account.
    Failure to do so will result in only 1% cash rewards if taken as a statement credit or check sent to you.

  11. YuCrew says:

    You might want to consider using the Chase AARP Visa for Costco gas …

    Gas is 3% …. Restaurants is 3% cash back too.

  12. Gadget says:

    Expiration date has been updated in the offer, “you must apply by 6/30/2017”. I am thinking about this card, but I don’t have or want a Fidelity account, esp if I get two hard pulls (1st for CC, 2nd for Fidelity). Also, I am waiting for the USAA 2.5% to be offered to my state. Such a dilemma.

    • Thanks, updated post. I’d probably just wait if you can put through significant spend on a non bonus card like this or the 2.5% card.

      • Jimmy says:

        which card ( have the 2.5% cash back ) are you talking about ?
        And the 2%CB for Fidelity just deposit back in your Fidelity account and not other bank account ? Can I just redeem it for statement credit ?

      • Gadget says:

        Per my Google research, supposedly Fidelity does not do a hard pull for the Cash Management account (unlike Schwab), so that makes this card more attractive than before. I typically do not have any significant spend outside my category cards, unless I look real hard to do so for big CC bonuses.

        And Jimmy, we were talking about the USAA Limitless card, I believe. And as for this Fidelity card, the terms say “The redemption value is different if you choose to redeem your points for other rewards such as travel options, merchandise, gift cards, and/or a statement credit.” Per another user, they are only worth half as much if redeemed for statement credit.

  13. Jackalope says:

    I think the answer is they don’t issue a 1099, but want to make sure. Since the bonus is awarded as reward points, Fidelity / Elan do not issue a 1099 for the “$100”, correct?

  14. Chris says:

    how can i apply for it without opening a brokerage account?

  15. AD says:

    Is this still available? The link still works but the date says 6/30/17.

  16. Sam says:

    I don’t know if this is the best offer out there, I was targeted 100 for 500 spend.

  17. sa13doc says:

    how do you redeem points ? can you cash out?

  18. Sa says:

    BTW, the 2500 points from the Amazon deal posted with the last statement.

  19. sirtheta says:

    The terms on the page still say apply by 06/30/2017. Are we sure this a true refresh of the offer? (I could use some more bandwidth for cash, so I might apply if it’s for-sure valid.)

    • Gadget says:

      Concur. Para. 3 “you must apply by 6/30/2017”.

      It keeps coming up in my Google ad services, so I would ASSume they are still honoring it. I am still undecided on this card and if it’s worth it for me.

  20. Keith H. says:

    I believe this card also has many bonus promotions throughout the year.
    Does anyone have any data points?

  21. Rudy says:

    Had a targeted offer back in June, spend $500 get $100.
    Still not convinced to apply

  22. physixfan says:

    I think they have $100 offer starting from Apr. I remember I updated the post then: https://www.uscreditcardguide.com/fidelity-rewards-credit-card/

  23. Jeff H says:

    I fail to see anything different than the long standing offer on Fidelity Investments website including the $100.00 sign up bonus. Still remember, in order to get the 2%, you must depsit your 2% rewards into a Fidelity Investments account – otherwise, the cashback is only 1%

  24. David says:

    Do you have to bank or have assets with Fidelity?

    Thanks

    • Jeff H says:

      in order to get the 2%, you must deposit your 2% rewards into a Fidelity Investments account – otherwise, the cashback is only 1%

  25. David says:

    The Blispay visa credit card and the Alliant Credit Union cash signature credit card is much better!!!

  26. trant3 says:

    Had a $7,500 limit on my Fidelity Visa, until it was decreased to $500 out of now where. Darn you Elan!

  27. Bub says:

    Card rarely loads correctly on mint.

  28. AD says:

    What did Artan S tell you to get this reposted? It doesn’t appear to me that anything has changed.

  29. Harsh says:

    This is kinda confusing. According to their cardmember agreement, they charge a 3% foreign transaction fee. https://apply.fidelityrewards.com/oad/teamsite/correspondent/docs/FR006213482_z16_ELAN_FID.pdf

    That document was last updated on June 30, 2017. But everywhere else on their website, they suggest the FTF is 1%.

  30. Porter says:

    Does anyone know if the $100 sign up bonus is still active? Has anyone signed up recently and received it?

  31. Jayson says:

    Does anybody know if I can pay off the credit card at a US Bank branch?

  32. AD says:

    They have updated the terms with a new expiration date of 12/31/17.

  33. JP says:

    Does anyone know if they expedite the card? Would like to use this card to fund BBVA checking account.

    • Freddy says:

      That was my thought also. Just applied for the card and received the notice that it is under review and will be notified by mail in 7-10 days. Going to call them in a day or two to see if I can find out if my application is approved and then ask them about expediting the card.

      Still want the card for the 2% but would be nice to get it in time to apply for the BBVA account.

    • Freddy says:

      UPDATE: Called and they confirmed that I was approved for the card but said they do not expedite the card, will take 7-10 days to get it.

      Still a possibility to get it in time to apply for the BBVA account with it but will be close.

  34. Lc says:

    Could combine this with BBVA compass CC funding of 10k and effectively get $300 but opportunity cost of not meeting minimum spend on another card makes this just one of many options.

    • Lc says:

      This would also assume you get at least $10k credit limit and that it doesn’t code as cash advance or any issues signing up. Just a thought

  35. carl wilson says:

    Hey Doc,

    Great post and good offer. Question: is there a business version of this one?

    These personal cards are great, but ideally for me a businessman who spends a lot on business (and very frugally on personal) and doesn’t chase bonuses all the time, shouldn’t be reimbursing 100’s of K per year to his personal accounts just to get an extra point on the reverse velocity.

    Only really good one out there is that AMEX blue for business card (which I signed up for), but Daddy needs more bandwidth lol!!

  36. yellowchocolate says:

    If you want an everyday card I would suggest Penfed Credit Union.

    Power Cash Card
    2% on all purchases, domestic AND internationally
    NO ANNUAL FEE, NO FOREIGN TRANSACTION FEE

    You just need to set a checking account with them, this is military (navy) union

    • carl wilson says:

      Thanks yellowChocolate

      Do I need to be millitary? I am a civilian who has not served this Republic in the armed forces.

      Also is this a Business card or personal? I’m not a sole prop but an scorp with an office 1 employee and more on the way, and the business reimbursing to the personal cards things is getting old fast.

      Thanks again!

  37. Washerdreyer says:

    Just a question on the re-posting of this post: do you have any reason to think the sign up offer stopped being available? I’ve been considering signing up since this past summer (actually did last week) and the offer has been available every time I’ve checked.

  38. kevin says:

    I decided to give them a call, chat a little and ask them if they have any offers for 20,000 points ($200 bonus), they said no but they can give me $15,000 points. Asked to expedite shipping and got turned down. Card arrived within 7 business days. The pamphlets came with the card only mention 5000 points bonus so I called and they confirmed it but unable to provide any documents. It’s computer generated, they said.

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