Update 2/11/19: People seem to be having trouble with the online offer showing, but reader Dan says you can apply over the phone and get the $100 bonus offer with a lower $500 spend requirement.
Update 1/13/19: Offer available again and valid until March 31st, 2019. Hat tip to reader Jeff
Offer available until December 31st, 2018. Hat tip to reader AD
Reposting as offer is available again. Hat tip to reader Artan S
The 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
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
Just wanted to note that it appears they’ve eliminated the foreign transaction fee.
Fidelity Rewards Visa Signature Card | Credit Card | Fidelity
Online I am seeing $100/$1000 and $150/$1500 offers. I called the number mentioned in the comments and she told me that the applications are all online, she cant do over the phone. Was wondering if there is still a way to get the lower spend offer.
https://www.reddit.com/r/fidelityinvestments/comments/u3gkbs/fidelity_rewards_visa_150_bonus_website_error/
thanks me later
Unfortunately, it looks like this page was moved or deleted
Received $150 sign up offer in the mail this week. Expires 3/31
Do you have any relationship with Fidelity currently? I’m wondering if I should change my mail settings with them to try to get this.
I got the same offer this week. I opened a brokerage account with them in the past year.
Thanks for sharing! Do you get any paper statements with them currently?
I’m all e-statements.
May I ask what was the spend requirement for the $150 offer. Online I am seeing $100/$1000 and $150/$1500 offers. I called the number mentioned in the comments and she told me that the applications are all online, she cant do over the phone. Was wondering if there is still a way to get the lower spend offer.
Just got a $150 email offer for this card today. They must have known I wanted it!
I love this card. It also forces me to save, as the rewards go directly into my brokerage account.
Do I have to be an existing customer to apply for this? When I click ‘Apply’ it takes me to ‘Log in’ page. I don’t have any login so I select ‘New User Register now’. But after I enter my info I get “Error: One or more of your entries did not match our records. Please try again.” Anyone else have the same issue?
This card also earns 2.25% if you have a balance of $250k with Fidelity, 2.5% if you carry $1 million.
Are you talking about this? https://www.doctorofcredit.com/fidelity-introduces-benefits-for-wealth-management-customers-including-up-to-3-cashback-on-all-card-purchases-fidelity-rewards/
If so, that’s not the same as “a balance with Fidelity.” Much more narrowly defined.
You’re right. Thank you for sending that. I didn’t realize it was for managed accounts.
I just applied and the bonus was $150 instead of $100 nice!
I took Dan’s advise. Called and applied over the phone and got the $100 bonus offer with a $500 spend requirement. The application over the phone took almost 30 minutes. It looks like we can transfer the money into Fidelity IRA account also.
Update, from T&C is below, the upshot is the bonus is $50 not $100.
10000 points are equal $50. What a fraud
You can redeem Reward Points as a cash value via a Statement Credit. The deposit will be made in U.S. dollars in an amount equal to the Points balance multiplied by .5% ($0.005 USD), starting at 5,000 Points. Points redeemed for a Statement Credit must be redeemed in increments of 5,000. Points will be deducted from your Points balance. Statement Credits are issued via a credit to your Account by accessing the “Rewards” tab via the credit card snapshot page at Fidelity.com or fidelityrewards.com/login. A credit will be applied to your Account within 6-8 weeks.
Statement Credit Rewards are different from Fidelity Rewards. Please refer to the Fidelity Rewards section if you are interested in learning how to redeem Points into your eligible Fidelity Account(s). Redeeming Points for a deposit into an eligible Fidelity Account may be at a different value than redeeming Points as a cash value via a Statement Credit.
Redeem it to your Fidelity account and then you’ll get 1 cent per point instead of .5 cents per point.
As Chuck(and other DPs have mentioned), read the terms and the writeup above.
Bonus is still $100 when you apply the rewards points to your Fidelity account(from which you can transfer to an external bank account).