Why Owning The Fidelity Credit Card Makes Sense
Investing can be a challenge for everyone. Finding the right stocks, knowing when to buy and sell, and having the funds to actually invest. The first two can be solved with google and the X community where there is thousands of resources at your fingertips. For funding, I suggest getting a credit card that will earn you cash back that you can use towards your investment account.
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Fidelity offers a credit card with unlimited 2% cash back. I currently use this card and love it! I have it attached to my Roth IRA, this means every month when my cash back is redeemed it automatically goes into my Roth account. I average $60-$80 a month in free money that I use towards my investments.
When it comes to investing, every little bit helps. Imagine already paying your bills and getting free money back for it. Money that can be used to invest. Now, imagine the free cash on-top of what you are already putting in. You are increasing what you can invest with by simply paying your expenses, it just makes sense to do it! You can apply to the Fidelity Card Here.
Here is a breakdown of the perks for the Fidelity credit card. This information comes straight from Fidelity’s website.
Unlimited 2% cash back on everyday purchases
With no category restrictions or limits on the amount you can earn, you’ll get unlimited 2% cash back when deposited into an eligible Fidelity account.Watch your potential rewards add up
Spend or invest your cash back rewards
Redeem your cash back rewards into an eligible Fidelity brokerage, IRA, 529, or cash management account so you have the flexibility to spend or invest it.
Worldwide acceptance
Use this card at millions of places, both in the U.S. and globally.
Excellent service
We are here for you 24/7. Enjoy travel and emergency assistance, EMV chip technology, fraud protection, and zero fraud liability.3
No annual fee and no foreign transaction fee
Enjoy all the rewards and benefits of the Fidelity Rewards Visa Signature Card with no annual fee and no foreign transaction fee Opens in a new window.
The APR may vary and as of 7/16/2024, the variable APR for Purchases and Balance Transfers is 19.24%. The variable APR for Cash Advances is 29.24%. Cash Advance fee: 5% of each advance amount, $10 minimum. Convenience Check fee: 3% of each check amount, $5 minimum. Cash Equivalent fee: 5% of each cash amount, $10 minimum. Balance Transfer fee: 3% of each transfer amount, $5 minimum. There is a $1 minimum interest charge where interest is due. The annual fee is $0. The foreign transaction fee is $0. We may change APRs, fees, and other Account terms in the future based on your experience with Elan Financial Services and its affiliates as provided under the Cardmember Agreement and applicable law.
