- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
Yes, Fidelity card requires a Fidelity account. It can be either a retirement account or a regular brokerage account.
The card itself is offered by FIA Card Services, which is part of Bank of America. Bank of America acquired the affinity card business of MBNA. The FIA cards use the same web interface for account management as the MBNA cards used to. It's rather nice, in my opinion, as it displays all of your transactions immediately after they're made. That is, new transactions are posted on the website as "pending" until they clear.
As for Fidelity itself, they do offer no-load funds. In fact, I think all the Fidelity funds are no-load, or at least the vast majority of them. That does not mean that they do not have fees, though, as all mutual funds do. When you buy shares in a Fidelity fund through a Fidelity brokerage account, there is no transaction fee. As far as I know they also do not charge annual maintenance fees on brokerage accounts, unlike Vanguard. That is one reason I moved one of my Roth's over to Fidelity with my other accounts.
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.