What Fidelity Credit Cards Offer

Fidelity offers two primary credit cards: the Fidelity Rewards Visa Signature Card and the Fidelity 2% Cash Back Visa Card. Both are issued through Elan Financial Services, not directly by Fidelity Investments, though Fidelity manages the rewards program. The cards are designed for people who already use Fidelity for brokerage accounts, retirement accounts, or banking services—though you do not need an existing Fidelity account to open one.

The Rewards card earns points on all purchases that you can redeem for cash back, statement credits, or transfers to Fidelity investment accounts. The 2% Cash Back card is simpler: it returns 2 percent cash back on all purchases with no categories, no caps, and no annual fee. Neither card carries an annual fee, and both report to the three major credit bureaus.

Fidelity credit cards are most useful if you already have a Fidelity brokerage or retirement account, because that is where your rewards typically land and where you manage them. If you do not have a Fidelity account, you can still open the card, but you will need to create one to use the rewards.

Key Takeaways

  • Fidelity offers two no-annual-fee cards: one with variable rewards rates and one with a flat 2 percent cash back on all purchases.
  • Rewards post to your Fidelity account, so you need either an existing Fidelity brokerage, retirement, or banking account or you will need to open one.
  • The cards are issued by Elan Financial Services but managed by Fidelity, and both report to credit bureaus like any other Visa card.
  • You can redeem rewards as cash, statement credits, or transfers into Fidelity investment accounts depending on which card you hold.

How to Open a Fidelity Credit Card

You can open a Fidelity credit card online through Fidelity's website or by phone. The online process takes about 10 to 15 minutes. You will need your Social Security number, current address, employment information, and annual income. Fidelity will run a hard inquiry on your credit report, which temporarily lowers your credit score by a few points.

If you do not have an existing Fidelity account, you can open one during the card process process. You will choose a username and password, verify your identity, and link a bank account for transfers. Once your card is approved, Fidelity will mail it to your address within 7 to 10 business days.

If you already have a Fidelity account, the process is faster because Fidelity already has your identity information on file. You can log into your account, navigate to the credit card section, and complete the process without re-entering basic details.

Rewards Structure and Redemption

The Fidelity Rewards Visa Signature Card earns points based on spending category. You earn 2 points per dollar on dining, gas, and groceries; 1 point per dollar on all other purchases. Points never expire as long as your account remains open and in good standing. There is no limit to how many points you can earn.

The Fidelity 2% Cash Back Visa Card is straightforward: 2 percent cash back on every purchase, everywhere, with no categories to track. Cash back posts to your Fidelity account monthly and can be redeemed when ready or left to accumulate.

Both cards allow you to redeem rewards in multiple ways. You can take cash back as a statement credit, request a check, or transfer the value into a Fidelity investment account—such as a brokerage account, IRA, or 529 college savings plan. Transferring into an investment account is useful if you want to grow your rewards through market returns rather than spend them when ready.

Annual Fees and Other Costs

Neither Fidelity credit card charges an annual fee. There is no fee to open the card, no monthly maintenance charge, and no fee to redeem your rewards. You will not pay a fee to add an authorized user, though each authorized user gets their own card and can earn rewards on their spending.

You may incur standard credit card fees if you carry a balance, make a late payment, or use the card for a cash advance. Interest rates vary based on your creditworthiness and current market conditions. Fidelity does not advertise a specific APR range on its website; you will see your rate after approval.

Foreign transaction fees explore if you use the card outside the United States. Check your cardholder agreement for the exact percentage, as it varies by card product.

Credit Requirements and Approval Odds

Fidelity does not publish a minimum credit score requirement, but both cards typically go to people with good to excellent credit—usually a score of 670 or higher. If your score is lower, you may still be approved, but your interest rate will be higher and you may not receive the full rewards rate advertised.

Approval decisions are usually made within minutes of your online process. You will see a message on screen telling you whether you were approved, denied, or placed in a pending review. If you are pending, Fidelity may contact you by phone or email to verify information before making a final decision.

If you are denied, you can call Fidelity to ask why and whether you can reapply after improving your credit profile. Hard inquiries stay on your credit report for about two years but stop affecting your score after 12 months.

Comparing Fidelity Cards to Other No-Fee Options

The Fidelity 2% Cash Back card competes directly with other flat-rate, no-annual-fee cards like the Citi Double Cash and the Capital One Quicksilver. All three return 2 percent cash back on all purchases with no annual fee. The main difference is where your rewards live: Fidelity rewards stay in your Fidelity account, while Citi and Capital One rewards can be redeemed more flexibly across their own platforms.

The Fidelity Rewards card is less competitive because its 2 percent category rate (dining, gas, groceries) is matched by many other cards, and its 1 percent base rate is lower than flat-rate alternatives. It makes sense only if you spend heavily in those three categories and already use Fidelity for investing.

If you do not have a Fidelity account and do not plan to open one, a different card may be simpler. If you already invest with Fidelity, either card integrates cleanly into your existing account structure.

Managing Your Account and Paying Your Bill

You manage your Fidelity credit card through your Fidelity account online or through the Fidelity mobile app. You can view your balance, recent transactions, and available credit. You can also set up automatic payments, make one-time payments, or pay by check or phone.

Payments are due on the date shown on your statement, typically 21 to 25 days after your statement closes. If you set up automatic payments, you can choose to pay the full balance, the minimum, or a fixed amount each month. Paying the full balance by the due date means you will not pay interest.

Your statement and payment history are visible in your Fidelity account. You can read statements as PDFs for your records. Fidelity reports your payment history to Equifax, Experian, and TransUnion, so on-time payments help your credit score and late payments hurt it.

Frequently Asked Questions

Do I need a Fidelity brokerage account to open the card?

No, you can open the card without an existing Fidelity account. However, you will need to create a Fidelity account to use your rewards, because that is where they post. You can open both the card and the account in the same process process.

Can I transfer my Fidelity credit card rewards to another bank?

No. Rewards must stay within your Fidelity account. You can redeem them as cash (statement credit or check), or transfer the value into a Fidelity investment account, but you cannot move them to a bank account outside Fidelity or to another credit card company.

What happens to my rewards if I close the card?

Your rewards do not disappear when you close the card. They remain in your Fidelity account and you can redeem them at any time. However, if you close your entire Fidelity account, you may lose access to unredeemed rewards depending on Fidelity's policy at that time.

How long does it take to receive the card after approval?

Fidelity typically mails the card within 7 to 10 business days of approval. You can use the card for online purchases before it arrives by requesting a temporary card number in your Fidelity account. The physical card will arrive with a PIN for ATM withdrawals if you choose to use that feature.

Are there sign-up bonuses for Fidelity credit cards?

Fidelity occasionally offers sign-up bonuses, but they are not permanent features. Check Fidelity's website or call to ask whether a bonus is currently available. Bonuses typically require you to spend a certain amount within the first few months to earn extra points or cash back.