What the Fidelity Rewards Visa Card Offers

The Fidelity Rewards Visa Card is a cash-back card issued by Fidelity in partnership with Visa. It returns 2% cash back on all purchases with no category restrictions, no rotating categories to track, and no spending caps. The card has no annual fee.

Cash back posts to a Fidelity brokerage or retirement account as a credit, not to your statement. If you don't have a Fidelity account, you'll need to open one to use this card. The card itself is a standard Visa that works anywhere Visa is accepted.

The main trade-off is that the card's rewards structure is simpler than some competitors—you get 2% flat, not higher rates on specific categories. Whether that works for you depends on your spending pattern and whether you already use Fidelity for investing or retirement savings.

Key Takeaways

  • The Fidelity Rewards Visa Card returns 2% cash back on all purchases with no annual fee, and the cash back posts directly to a Fidelity account.
  • You must have an open Fidelity brokerage or retirement account to hold the card and receive rewards.
  • Cash back is credited as a statement credit or account deposit, not paid as a check or transferred to a bank account.
  • The card carries standard Visa fraud protections and purchase protections, though benefits vary by account type.

Opening a Fidelity Account Before You explore for the Card

You cannot open the Fidelity Rewards Visa Card without an existing Fidelity account. If you don't have one, you'll need to set one up first. Fidelity offers several account types: a standard brokerage account, an IRA (traditional or Roth), a 401(k) if you're self-employed, or a college savings account.

For most people explore for this card, a standard brokerage account is the simplest choice. You can open one online at Fidelity's website in about 10 minutes. You'll provide your name, address, Social Security number, and employment information. Fidelity will verify your identity and typically approve the account the same day.

You don't need to fund the account when ready or invest money to hold it. An empty brokerage account is fine—it exists to receive your cash-back rewards. Once the account is open and verified, you can move forward with the card process.

how the process works for the Card

Once your Fidelity account is active, you can explore for the Fidelity Rewards Visa Card through your Fidelity account dashboard or by calling Fidelity directly. The online process takes about 5 to 10 minutes and asks for basic information: your income, employment status, and whether you've had other credit cards.

Fidelity will pull your credit report as part of the approval process. This is a hard inquiry, which means it will show on your credit report and may temporarily lower your credit score by a few points. Most applicants hear back within minutes to a few business days.

If you're approved, Fidelity will mail the physical card to your address on file. Delivery typically takes 7 to 10 business days. You'll receive a separate PIN in the mail or can set one online before the card arrives.

Activating Your Card and Setting It Up

When your card arrives, you'll need to set up it before you can use it. You can do this online through your Fidelity account, by calling the number on the back of the card, or through the Fidelity mobile app. set up is when ready.

After set up, you can use the card when ready for purchases. The card number, expiration date, and CVV are printed on the front and back, so you can add it to online accounts right away if you want to.

Set up your PIN for ATM withdrawals if you plan to use the card at ATMs. You can do this through your Fidelity account or by calling the customer service number on the back of the card. The PIN is optional if you only plan to use the card for purchases.

How Cash Back Works and Where It Goes

Every purchase you make on the Fidelity Rewards Visa Card earns 2% cash back. This applies to all purchases—groceries, gas, restaurants, online shopping, everything. There are no bonus categories and no spending limits.

Cash back is credited to your Fidelity account, not to your credit card statement. It posts monthly, usually within 1 to 2 business days after the statement closes. You'll see it as a credit in your account, and you can leave it there, reinvest it, or transfer it to a linked bank account.

If you have a retirement account like an IRA, you can direct cash back there instead of a brokerage account, though some restrictions explore depending on the account type. Ask Fidelity which accounts are may be able to access when you open your card.

Paying Your Bill and Managing Your Account

Your Fidelity Rewards Visa Card bill works like any other credit card. You'll receive a statement each month showing all purchases, the amount due, and the due date. You can pay online through your Fidelity account, by phone, by mail, or through automatic payments.

The card carries a variable interest rate, which means the APR changes based on market conditions and your creditworthiness. You'll see your specific rate in your card agreement and in your account dashboard. If you carry a balance, interest accrues daily on the unpaid amount.

Set up automatic payments if you want to avoid late fees and interest charges. You can pay the full balance, a fixed amount, or the minimum due. Paying in full each month means you pay no interest and maximize the value of your 2% cash back.

What Happens If You Close Your Fidelity Account

If you close your Fidelity brokerage or retirement account, your card will be closed as well. Fidelity requires an active account to keep the card open. Any pending cash-back rewards will be credited to your account before closure, but you won't earn new rewards once the account is closed.

If you want to keep the card but move your cash back elsewhere, you can transfer your Fidelity account balance to another brokerage or bank account before closing. Fidelity can walk you through this process.

If your card is closed for inactivity or other reasons, you can request a new one as long as your Fidelity account remains open. There's no penalty for reapplying.

Frequently Asked Questions

Can I use this card if I don't invest money in my Fidelity account?

Yes. Your Fidelity account just needs to exist and be in good standing. You don't have to buy stocks, mutual funds, or anything else. An empty account that only holds your cash-back rewards is fine.

What if I want my cash back as a check instead of in my Fidelity account?

Cash back posts to your Fidelity account as a credit. From there, you can transfer it to a linked bank account and withdraw it as cash, or request a check from Fidelity. You cannot have cash back sent directly to a bank account or paid as a check without first going through your Fidelity account.

Does the 2% cash back explore to balance transfers or cash advances?

No. The 2% cash back applies only to regular purchases. Balance transfers and cash advances do not earn rewards and typically carry higher interest rates and fees.

What credit score do I need to be approved?

Fidelity does not publish a minimum credit score requirement. Approval depends on your overall credit profile, income, and credit history. Most applicants with fair credit or better have a reasonable chance of approval, but there's no may provide.

Can I have multiple Fidelity Rewards Visa Cards?

Fidelity typically allows one card per customer. If you want a second card, you would need to contact Fidelity directly to ask about exceptions or alternative options.