MyCardBlog

A lot of readers send me email regarding the “Best Cash Back Credit Card”. Most credit cards offer 1% cash back but only a few credit cards are still offering 2% cash back without any restrictions. But the Fidelity Rewards American Express Cards are the only credit card that I will recommend to you. (Yes, I know that Orchard Bank credit card or Household Bank credit card are offering 2% cash back but their credit limits are too low!) There are three versions of this credit card. Most people will go to the Fidelity^® Investment Rewards American Express^® Card. If you are a college student, then you can also consider the Fidelity Investments 529 College Rewards^® American Express^® Card. Others might want the Fidelity^® Retirement Rewards American Express^® Card.

Main features of this credit card:

Different versions of this credit card need to be linked to different Fidelity accounts to be eligible to get the 2% cash back.

Customers earn 2 points for each $1 in net retail purchases. Once you reach 5,000 points, they can be redeemed automatically or on demand for cash at a 1% exchange rate into an eligible Fidelity account (i.e. 5,000 points = $50 deposit). The ability to contribute to an IRA or 529 college savings plan account is subject to IRS rules and specific program policies, including those on eligibility and annual and maximum contribution limits.