Earn 2% Cash Back Everywhere with Fidelity Rewards Visa and No Annual Fee

Why the Fidelity Rewards Visa is worth considering

The Fidelity Rewards Visa is a straightforward cashback card that gives cardholders 2% cash back on every purchase with no annual fee. For anyone who already uses Fidelity for investing, this card turns everyday spending into automatic contributions to your financial goals, whether that is an IRA, Roth IRA, brokerage account, or a Fidelity 529 plan.

This card removes the hassle of category tracking or rotating bonus periods. You earn a flat 2% cash back everywhere and Fidelity deposits it directly into eligible Fidelity accounts, helping you grow savings without extra effort. That simplicity is a big selling point for investors who want consistent returns on ordinary expenses.

How the 2% cash back and rewards deposits work

Every dollar you spend earns two points, which translate to 2% cash back when deposited into a qualifying Fidelity account. Eligible destinations include Traditional and Roth IRAs, brokerage and cash management accounts, HSAs, and Fidelity-managed 529 college savings plans. Rewards are unlimited and there are no caps, so your cashback scales with your spending habits.

To get the full 2% value you must deposit rewards into a Fidelity account. If you redeem for statement credits or other options the value can be lower. Approval typically requires excellent credit, and Fidelity will look at your FICO score and credit history when reviewing applications.

Fees, APR and practical limitations

The card offers no annual fee, but you should be aware of standard costs associated with many rewards cards. Ongoing APRs are variable and depend on your creditworthiness; cash advances and balance transfers typically carry higher APRs and fees. There is also a foreign transaction fee, so it is not the best pick for frequent international travel unless you plan to accept that cost.

Balance transfers usually have a fee either as a percentage of the amount or a minimum dollar charge. There is no intro 0% APR period with this card, so carrying a balance can be costly. Make sure the long-term benefit of automated 2% cash back into a Fidelity account outweighs these trade offs for your personal finances.

Who should apply and next steps

If you already hold a Fidelity account and you want to automate savings, the Fidelity Rewards Visa is a top choice thanks to its 2% cashback, no annual fee, and seamless deposits into investment accounts. It is ideal for disciplined savers focused on retirement, college savings, or building brokerage positions without extra steps.

If you need immediate, flexible access to cashback or you do a lot of international spending, compare alternatives like cards that offer statement credit redemptions or no foreign transaction fee. Otherwise, apply if you meet the credit requirements and want a low-maintenance way to boost your Fidelity balance and accelerate long-term growth.