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Fidelity Amex 5k Bonus
The Fidelity® Investment Rewards® American Express® Card issued by Bank of America is a popular card for a lot of people because it has no annual fee and earns 2% back on all purchases when the rewards are direct deposited to a Fidelity account. Basically $2,500 in spending turns into $50. Pretty simple.
There are of course other 2% cards out there. Citi recently launched their Double Cash no annual fee card which is a direct competitor to the Fidelity Amex. Barclay’s also has the Arrival Plus which earns 2.2%, but has an $89 annual fee.
Normally the Fidelity Amex doesn’t come with a sign-up bonus, but PointsCentric has found a link which is giving a 5,000 points bonus ($50) after spending $500 within the first 60 days of opening the account. $50 isn’t great, but there is a good reason to get this card.
A lot of you may want to consider this card to feed Serve. Last month American Express ended the ability to load Serve with non-Amex cards. (Softcard branded versions of Serve still apparently have this ability, but it is supposed to go away.)
So why not load Serve with a normal Amex card? Well American Express issued cards do not earn rewards on Serve loads. Fortunately third part cards like the Fidelity Amex do. This means that you could load $1,000 to Serve fee-free every month and earn $20 in rewards. Not bad.
I know a lot of people are contemplating an alternate way of loading Serve online. While $50 isn’t much of a bonus, it is more than they normally offer which is $0. If your strategy going forward is to keep Serve then this is a potential card to consider, since it would net $240 a year in cash.