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Coming January 4 – a new Fidelity 2% cash rewards credit card

by on Mon December 28, 2015 • 1 Comment
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If you’re not into using real airline miles for big international trips or topping off miles you’ve already earned from flying, a good 2% cash back credit card is a good alternative.

Fidelity’s American Express has long been the standard for 2% cash back with no annual fee.

But it’s been plagued by an arcane online interface from FIA Card Services that left much to be desired.

And the introduction of the Citi Double Cash which is a MasterCard brought better acceptance at merchants than the Fidelity American Express.

No, the Fidelity website says that on January 4,  it’s launching a new 2% cash back credit card.

newfidelitycard

It’s discontinued the old Fidelity American Express to new applicants, though existing accounts are still active. It’s also discontinued its old 1.5% Visa card to new applicants.

We don’t have any details about the new offering other than it will be a 2% cash back card.

Our guess is it will still have no annual fee, and will probably be a Visa or MasterCard, rather than just an American Express.

Given the Visa Signature and World / World Elite MasterCards take relatively high interchange fees from merchants, the advantage of Fidelity using an American Express is less and perhaps even a liability compared to several years back when there was a bigger interchange premium for American Express cards.

And with the competition from the Citi Double Cash and a possible new card from Charles Schwab we wouldn’t be surprised to see the new card offer something better than before.

 

Chase Sapphire Preferred® Card

Miles dont expireas long as card is open
Learn more

Partner Offer

50,000 bonus points

Intro Offer

$0 introductory annual fee, then $95

Annual Fee

$0

Foreign Transaction Fee Waived

Yes

Points Can Transfer to Airline Miles ?

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