benhollberg wrote:I guess it would also take into account of what kind of account you deposit the cash back into. Whether it is a regular Fidelty savings, Roth or IRA. I don't know much about the card, if you even get to choose where to deposit the money.
Another thing on taxable rewards, I thought that if you received over $600 cash back per year then you receive a 1099, I didn't know that that only applied to signup bonuses or bonuses. Good to know.
You can choose. When you set up the Fidelity account, you can choose what type or select already existing accounts
For me, I don't bank through Fidelity so I set up a plain money market account and just transfer the money out after conversion from points
Aside from the one time security check (and again, to be fair, I did move which could be suspicious behavior) and the outdated website, it's a decent card
I think I just prefer the perks of the Amex Platinum card (and no preset spending limit)