Maximize 2% Cash Back on Every Purchase with Fidelity Rewards Visa and No Annual Fee for Fidelity Account Holders

Clear, steady rewards you can use for investing

The Fidelity Rewards Visa delivers a flat 2% cash back on every purchase, making it one of the simplest and most valuable cashback cards for everyday spending. With no annual fee and automatic deposits into a linked Fidelity account, you turn routine purchases into predictable contributions to your investments.

There are no rotating categories, no caps, and no complicated point charts — just 2% cash back that posts when you settle your statement and is sent straight to eligible Fidelity accounts. That clarity makes it easier to plan saving for retirement, a brokerage position, or a 529 college fund.

Best fit: Fidelity customers and disciplined savers

This card especially favors people who already bank or invest with Fidelity. If you’ve got a Fidelity account, the 2% cash back can be automatically deposited into IRAs, HSAs, brokerage or cash management accounts, so your rewards compound inside the same financial ecosystem.

Note that approval typically requires strong credit, so this isn’t the best starter card. For investors who want a no annual fee card that feeds their investment accounts automatically, the Fidelity Rewards Visa is a very efficient choice.

How to maximize the 2% cash back on every purchase

Use the card for all non-fee purchases — groceries, gas, recurring subscriptions — and avoid cash advances to preserve rewards. Paying your balance in full avoids interest charges that would erode your 2% cash back benefit and keeps your effective return high.

Compare the Fidelity Rewards Visa to other 2% options like the Citi Double Cash or Wells Fargo Active Cash, but remember the unique value here is automatic deposits into Fidelity accounts. If your priority is investing your rewards directly, this card outperforms many competitors even when their earn rate is similar.

Costs, caveats and a simple next step

The card’s ongoing APR is variable, and there are fees to consider: balance transfer fees and a foreign transaction fee apply. However, there’s no annual fee and no reward caps, which keeps the effective cost of earning 2% cash back low for regular spenders who avoid carrying balances.

If you’re a Fidelity customer who wants a hassle-free way to grow investments, the Fidelity Rewards Visa is worth serious consideration. Check your eligibility, compare current APR and fee details on Fidelity’s site, and if it fits your credit profile, apply to start putting everyday spending to work for long-term goals.