Fidelity 529 Credit Card | College Rewards

The Fidelity® Rewards Visa Signature® Card remains a standout choice for individuals seeking to integrate their credit card spending with long-term savings goals, particularly for college expenses. With its robust 2% cash back rewards and seamless integration into Fidelity-managed accounts, it offers a high-value, no-cost solution for maximizing financial growth.

Key Features:

Rewards Program:

• Unlimited 2% Cash Back: Earn 2% on all eligible purchases with no caps or restrictions.
• Automatic Deposits: Rewards can be automatically deposited into eligible Fidelity accounts, including:
  • Fidelity-managed 529 College Savings Plans
  • Retirement accounts (Traditional IRA, Roth IRA, SEP IRA)
  • Health Savings Accounts (HSAs)
• No Expiration on Rewards Points: Your points never expire, ensuring long-term flexibility.

Fees and Rates:

• Annual Fee: None
• Foreign Transaction Fees: None
• Purchase APR: Variable APR starting at 19.24%
• Cash Advance APR: Variable APR of 29.24%, with fees of 3% (minimum $5)

Additional Benefits:

• Tax-Free College Savings: Contributions into 529 plans grow tax-free when used for qualified education expenses.
• Multi-Account Contribution: Direct rewards to up to five eligible accounts, allowing family members or friends to contribute to a child’s college savings.
• Travel Perks: Includes Global Entry or TSA PreCheck reimbursement of up to $100, auto rental collision damage waiver, and zero fraud liability for unauthorized charges.
• Digital Wallet Compatibility: Works with Apple Pay®, Google Pay™, and Samsung Pay™ for seamless payments.

Why Choose the Fidelity Rewards Visa Signature Card?

1. Ideal for College Savings:
2. For families with educational savings goals, this card makes it simple to funnel everyday spending into a Fidelity-managed 529 plan. For example, spending $1,000 per month on the card could lead to over $3,300 in college savings over 10 years.
3. No Hidden Costs:
4. With no annual fee and no foreign transaction fees, you can focus on maximizing rewards without worrying about extra charges.
5. Flexibility for Multiple Accounts:
6. Cardholders can allocate rewards to various accounts, making it easy for relatives like grandparents to contribute to a child’s education fund.
7. Global Acceptance:
8. Accepted wherever Visa is accepted, with no foreign transaction fees, making it great for international use.

How to Apply and Use for College Savings:

1. Apply for the Fidelity Rewards Visa Signature Card:
2. Visit Fidelity’s official page to complete the application.
3. Link to a 529 Plan:
4. Connect the card to an eligible Fidelity 529 account to automate reward deposits.
5. Set Up Rewards Redemption:
6. Choose automatic or manual redemption options for easy management.
7. Track Progress:
8. Use Fidelity’s mobile app or online portal to monitor rewards and account contributions.

Drawbacks to Consider:

• Credit Requirement: Requires excellent credit, which may limit eligibility.
• Best Value Tied to Fidelity Accounts: To maximize rewards, deposits into Fidelity accounts are necessary. Other redemption options may offer lower value.

Final Thoughts:

The Fidelity Rewards Visa Signature Card is perfect for savers who already utilize Fidelity’s ecosystem, especially families aiming to grow college funds through a 529 plan. Its combination of high rewards rates, fee-free usage, and integration with tax-advantaged accounts makes it a practical and profitable choice for everyday spending.

Apply Now: Fidelity Rewards Visa Signature Card Application

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