- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
I just opened a Fidelity "American Express" card offered by FIA Card Services, which as most people know is Bank of America. It pays 2% cashback on everything with no cap. Based on my spending last year I'll make well over $500 a year from this. The money will be transferred to my Roth IRA at Fidelity, and card balance, etc. is retrievable from Fidelity's site as well.
The only Amex thing about this Amex card seems to be the fact that it uses the Amex network. I'm wondering if I get all the Amex benefits. I can't manage the account on Amex website (I have a Blue Cash card, btw). The web interface is through an FIA site that is the same as I remember having for an old MBNA card (MBNA was acquired by B of A a while back). I'm not wild about dealing with B of A, but the 2% is too good to pass up.
Does anyone know anything more about the Fidelity Amex?
I have been using a Chase Freedom card and getting about 1.8% cashback, give or take, based on my own calculation. Also based on my estimates, Blue Cash would be slightly less lucrative for me than Chase Freedom because I hardly spend anything on gas or drugstores and a fairly modest amount at grocery stores (wish they paid 5% on restaurants).
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.