|
You are here
|
FAQs About the Fidelity Rewards Credit CardsCard Information
Earning and Redeeming Points
Card InformationWho may apply for a Card? Anyone who resides in the U.S. and is 18 years or older may apply for a Fidelity Rewards Card, but to receive the Fidelity Rewards benefits as a contribution to a Fidelity account, you must link your Card to an open and funded Fidelity account. FIA Card Services, N.A. reviews all applications. Minors, corporations, funded eligible Fidelity account partnerships, and trusts cannot participate. Fidelity is not involved with credit card qualification decisions and cannot guarantee that any existing Fidelity customer will be eligible for this Card. Who is FIA Card Services, N.A.? FIA Card Services, N.A. is the issuer and administrator of the Fidelity American Express® and Visa® credit cards. FIA Card Services, N.A. is not an affiliate of Fidelity, but Fidelity has worked with them to offer this credit card program to our customers. If you are an existing cardmember and have questions about your card, please call FIA Card Services, N.A. at 877-811-7088. What if I already have a Fidelity Rewards Credit Card? If you have a Fidelity rewards credit card you can continue to enjoy the features and benefits associated with that card. If you would like to apply for a new Fidelity Rewards American Express® Card or Visa® card, please fill out the appropriate online application or call an FIA Card Services® representative at 800-551-0839. How do the Fidelity Rewards Cards work if I elect to deposit my rewards in a tax-advantaged IRA or a 529 Plan at Fidelity? Here are some things to keep in mind if you want to deposit your Fidelity Rewards into these accounts:
Earning and Redeeming PointsHow do I earn Fidelity Rewards points? Fidelity American Express Cardmembers earn 2 points for every $1 spent in net retail purchases. Fidelity Visa cardholders earn 1.5 points for every $1 spent on the first $15,000 in net retail purchases per year, and 2 points per $1 thereafter. Net retail purchases are defined as purchases less credits, returns, and adjustments. Transactions that do not earn rewards points include:
How are points redeemed into a Fidelity account? Fidelity American Express Cardmembers earn 2 points for every $1 spent in net retail purchases. Fidelity Visa cardholders earn 1.5 points for every $1 spent on the first $15,000 in net retail purchases per year, and 2 points per $1 thereafter. Customers can choose to have their points automatically redeemed for cash into their eligible Fidelity account, or choose to accrue points and redeem them on demand at any time. Customers must earn a minimum of 5000 points to have them redeemed into a Fidelity account. Once you have reached 5000 points, they can be converted at a rate of 1% (1 point = $0.01) into the eligible Fidelity account you designate. Deposits will be sent via the Automated Clearing House ("ACH") Network into your designated Fidelity account(s). Automatic Redemption Set up Customers may set up their account for automatic redemption by designating an eligible account at the time of application, or after the Card account is opened by selecting the Fidelity Rewards banner at www.fiacardservices.com On Demand Redemptions If you do not want your points automatically deposited into your Fidelity account, you can choose to accrue points continuously and redeem them at any time you choose once you have reached the 5,000 point minimum. To do this, follow the instructions below.
What Fidelity accounts are eligible for a deposit? All Fidelity non-retirement, Fidelity IRA and Fidelity-managed 529 Plan accounts that accept Automated Clearing House ("ACH") deposits are eligible for a rewards deposit. If you intend to deposit points in an eligible Account, it is your responsibility to ensure that the account is one for which contributions on your behalf can be accepted and that, under applicable tax law, you are eligible to make contributions to that account for the year that the deposit is made. Refer to the applicable Fidelity account Customer Agreement, Custodial Agreement or Participation Agreement for information on the terms and conditions of the Fidelity account. How many points do I need to earn in order to redeem them? If you choose to redeem your points for items from the WorldPoints® catalog, options begin at 2,500 points. If you choose to redeem points for cash back into an eligible Fidelity account you must have a minimum of 5,000 points. Can I redeem points for other things? Yes. You can choose to redeem your points for travel with no blackout dates, gift certificates, brand name merchandise, or other items. Just visit www.fiacardservices.com Where can I find out how many points I have earned? The monthly Fidelity Rewards credit card statement that you receive from FIA Card Services, N.A. shows how many points you have earned for each billing period. You can also access key credit card information at Fidelity.com as well as on your statement or online at www.fiacardservices.com. Can I cash out my rewards points? No. Rewards points have no independent cash value unless converted into a cash deposit. If you cancel your Card, all remaining rewards points will be forfeited. What is the cap on the amount of points I can earn or redeem? There are no caps to the amount of points you can earn or redeem. Can my points expire? Your points will expire after 5 years. Is this Card associated with the American Express Membership Rewards® program? No. The rewards points earned through this program are not affiliated with the American Express Membership Rewards program. Can I earn points with balance transfers? No. You can only earn rewards points on net retail purchases. Learn more about how to earn rewards points. Can I use rewards points to open a Fidelity account? No. Your Card must be linked to a previously opened and currently funded Fidelity account in order to deposit rewards into a Fidelity account. If your account is not adequately funded, the rewards points will not transfer into the account. Minimum investment requirements vary by account type. How are my points that are redeemed as a cash contribution into my Fidelity account going to be invested? Points redeemed as a cash contribution into a Fidelity account will be deposited into the core position of your brokerage, Fidelity® Cash Management Account, or Fidelity IRA account. If you are depositing into a Fidelity-managed 529 account, it will be deposited at the closing day market price on the day the funds are transferred into your Fidelity account. They are invested according to the standing allocation instructions on the designated account. If I have the Fidelity Investments 529 College Rewards® American Express® Card, can I link it to a friend or family member's Fidelity-managed 529 Plan account? Yes. One of the benefits of this Card is that you can direct your rewards points to a friend or family member's Fidelity-managed 529 Plan account. Friends and family members can also link their 529 College Rewards Cards to your account. Simply supply the 529 account number you would like your rewards points credited to at the time of application or online at www.fiacardservices.com American Express is a federally registered service mark of American Express and is used by the issuer pursuant to a license. Visa is a registered trademark of Visa International Service Association, and is used by the issuer pursuant to license from Visa U.S.A., Inc. WorldPoints is a registered trademark of FIA Card Services, N.A. The UNIQUE College Investing Plan, U.Fund® College Investing Plan, Delaware College Investment Plan and the Fidelity Arizona College Savings Plan are offered by the State of New Hampshire, MEFA, the State of Delaware and the Arizona Commission for Postsecondary Education, respectively, and managed by Fidelity Investments. If you or the designated beneficiary is not a New Hampshire, Massachusetts, Delaware or Arizona resident, you may want to consider, before investing, whether your state or the designated beneficiary's home state offers its residents a plan with alternate state tax advantages or other benefits. Units of the Portfolios are municipal securities and may be subject to market volatility and fluctuation. Please carefully consider the Plan's investment objectives, risks, charges and expenses before investing. For this and other information on any 529 College Savings Plan managed by Fidelity, call or write to Fidelity for a free Fact Kit, or view online. Read it carefully before you invest or send money. Fidelity Brokerage Services LLC, Member NYSE, SIPC |
