I quit my corporate job to spend a year traveling in 2013, and I never went back. Now I spend my time exploring the world and learning how to travel cheaply, and as a freelance travel writer I help others do the same. I've visited more than 65 countr.
Dawn Royski ContributorI quit my corporate job to spend a year traveling in 2013, and I never went back. Now I spend my time exploring the world and learning how to travel cheaply, and as a freelance travel writer I help others do the same. I've visited more than 65 countr.
Written By Dawn Royski ContributorI quit my corporate job to spend a year traveling in 2013, and I never went back. Now I spend my time exploring the world and learning how to travel cheaply, and as a freelance travel writer I help others do the same. I've visited more than 65 countr.
Dawn Royski ContributorI quit my corporate job to spend a year traveling in 2013, and I never went back. Now I spend my time exploring the world and learning how to travel cheaply, and as a freelance travel writer I help others do the same. I've visited more than 65 countr.
Contributor Caroline Lupini Managing Editor, Credit Cards & Travel RewardsCaroline Lupini has been traveling the world with the help of credit card rewards since 2011. She has visited over 110 countries and is able to utilize her knowledge of credit cards and to make travel both less expensive and more luxurious. Caroline.
Caroline Lupini Managing Editor, Credit Cards & Travel RewardsCaroline Lupini has been traveling the world with the help of credit card rewards since 2011. She has visited over 110 countries and is able to utilize her knowledge of credit cards and to make travel both less expensive and more luxurious. Caroline.
Caroline Lupini Managing Editor, Credit Cards & Travel RewardsCaroline Lupini has been traveling the world with the help of credit card rewards since 2011. She has visited over 110 countries and is able to utilize her knowledge of credit cards and to make travel both less expensive and more luxurious. Caroline.
Caroline Lupini Managing Editor, Credit Cards & Travel RewardsCaroline Lupini has been traveling the world with the help of credit card rewards since 2011. She has visited over 110 countries and is able to utilize her knowledge of credit cards and to make travel both less expensive and more luxurious. Caroline.
| Managing Editor, Credit Cards & Travel Rewards
Updated: Mar 27, 2024, 7:49am
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If you’re seeking simple and generous cash-back rewards, the no-annual-fee Fidelity® Rewards Visa Signature® Credit Card * is a great choice. It offers 2% cash back on every eligible net purchase, without any spending caps or category tracking.
Redemptions can be taken as deposit into any qualifying Fidelity account—which includes IRAs and 529 plans—but not as a check or deposit with another bank.
Fidelity® Rewards Visa Signature® Credit Card *Our ratings take into account the card’s rewards, fees, rates along with the card’s category. All ratings are determined solely by our editorial team.
Welcome Bonus Annual Fee Regular APR 19.24% variable Credit Score Good/ExcellentCredit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Wells Fargo Active Cash® Card On Wells Fargo's Website Welcome Bonus $200 Cash Rewards Annual Fee Credit Score Excellent, Good Regular APR 20.24%, 25.24%, or 29.99% Variable APRCredit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months Discover it® Cash Back On Discover's Website Welcome Bonus Cashback Match™ Annual Fee Credit Score Excellent/Good Regular APR 18.24% - 28.24% Variable APRCredit Score ranges are based on FICO® credit scoring. This is just one scoring method and a credit card issuer may use another method when considering your application. These are provided as guidelines only and approval is not guaranteed.
INTRO OFFER: Unlimited Cashback Match for all new cardmembers–only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
The Fidelity® Rewards Visa Signature® Credit Card * is a fantastic option for people who want a simple way to earn cash back on all credit card spending and have or plan to have an account with Fidelity. The 2% cash back on every eligible net purchase earning rate is among the best flat-rate rewards programs you’ll find with no annual fee or limit on earnings.
Earning on the card is straightforward: Every dollar spent earns 2% cash back on every eligible net purchase when redeemed as a direct deposit into your qualifying Fidelity account. What’s unusual about the redemption options with this card is that you can deposit those earnings into nearly any type of Fidelity account, including retirement savings accounts like a 401(k), 529 plan or an HSA. The one caveat here is you must open a Fidelity account, if you don’t already have one, to get the best value for your earnings.
With or without a Fidelity account, you can redeem points toward travel, merchandise, gift cards or a statement credit. However, these options come with a lower redemption value.
Why you can trust Forbes Advisor
Our credit card editors are committed to bringing you unbiased ratings and information. Our editorial content is not influenced by advertisers. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the credit card methodology for the ratings below.
This card earns 2 points per dollar on all purchases. When redeemed as a deposit into a qualifying Fidelity account this is equivalent to 2% cash back on every eligible net purchase. There are no spending limits or other restrictions on reward earnings.
You can redeem points by direct deposit into an eligible Fidelity account for 2% cash back on every eligible net purchase in any amount at any time.
Eligible Fidelity accounts include brokerage and Cash Management accounts as well as Fidelity IRAs, HSAs, Charitable Giving accounts, and the 529 College Savings Plan account. The Fidelity Cash Management Account is an alternative to a traditional checking account. It’s FDIC-insured and offers ATM fee reimbursement worldwide.
You can also redeem points for travel or merchandise, gift cards or statement credits, but your points will be worth less when you use these redemption methods. Because these redemptions aren’t as valuable, it’s best to set up redemption to a Fidelity account to ensure you get the full 2% value on your rewards.
The flat 2% cash back on every eligible net purchase of the Fidelity® Rewards Visa Signature® Credit Card * makes calculating potential rewards easy. Forbes Advisor uses data from various government agencies to determine baseline income and spending averages across various categories. The 70th percentile of wage earners brings in $118,438 annually and has $39,337 in annual expenses that can reasonably be charged to credit cards.
Fidelity® Rewards Visa Signature® Credit Card * Rewards Potential
All purchases See More See LessSince the Fidelity Rewards Visa Signature Card is a high flat-rate card, you can’t do much better if you’re looking for a single credit card spending strategy.
The Fidelity Rewards Visa Signature Card offers a high flat-rate of rewards on all purchases, but you can do better by pairing this card with another card that earns a higher rate of rewards in the categories where you spend the most.
As a Visa Signature card, you’ll get access to benefits including:
The Fidelity® Rewards Visa Signature® Credit Card * earns the same flat-rate 2% cash back as the Citi Double Cash® Card (which earns 1% when you buy and 1% when you pay for those purchases). While both cards are simple to use from an earnings and redemption standpoint, the Citi Double Cash card doesn’t require a Fidelity account and rewards can be redeemed as a statement credit. It also offers a 0% intro APR on balance transfers for 18 months. After that, the standard variable APR will be 19.24% - 29.24%, based on creditworthiness. An intro balance transfer fee of either $5 or 3%, whichever is greater, applies to transfers completed within the first 4 months of account opening. After that, the fee will be 5% of each transfer (minimum $5), but there are better cards for a balance transfer.
The Fidelity card, however, offers some travel protections through its Visa Signature status that the Citi Double Cash, which runs on the Mastercard network, does not. The Citi Double Cash also charges foreign transaction fees, so it’s not a good choice if you travel abroad.
The Alliant Cashback Visa® Signature Credit Card * can earn 2.5% cash back on up to $10,000 in monthly spending and comes with an annual fee of $0. You’ll need to meet a few requirements though. First, you’ll need to join Alliant Credit Union before you can get this card. Then to qualify for the full 2.5% earnings rate, you’ll need to open an Alliant High-Rate Checking Account, opt in to electronic statements, receive at least one direct deposit into your account per month and maintain a balance of at least $1,000. In months that these criteria aren’t met, the card earns a flat 1.5% instead.
The $0-annual-fee Capital One SavorOne Cash Rewards Credit Card (rates & fees) offers cardholders the ability to earn 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases. If you primarily spend money on eating and going out or groceries, the SavorOne card will likely net greater rewards than the Fidelity® Rewards Visa Signature® Credit Card * . On the other hand, if your spending is spread across many categories, the flat 2% Fidelity rate may yield better results overall.
Another option? Consider pairing the two cards. Use the Capital One SavorOne card for dining and entertainment spending and use the Fidelity® Rewards Visa Signature® Credit Card * for all other purchases. This can help you maximize your return on every dollar spent.
The Fidelity® Rewards Visa Signature® Credit Card * is ideal for people who want to earn cash back and don’t want to track spending categories. The simplicity of this card is a major selling point, and the ability to redeem rewards into a retirement or other savings account can be a boon for those who are looking for an easy way to increase their savings.
But be aware there are other cards on the market with a similar profile that don’t require you to open a separate account to get the maximum value of your rewards.