Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.
|Miles to Memories does not have a direct relationship with the card issuing bank(s) and this post does not include any affiliate links. If you wish to support the site by applying for credit cards or using other referral links, you can do so here.
Before applying I highly suggest reading the following posts: Slow & Steady Doesn't Make You A Loser and A Mandatory Waiting Period to Apply for Credit Cards?. You can find all of our credit card reviews here.
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.
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.