![]() And since Fidelity took away two of the card’s most popular perks back in 2021, it’s nice to see they’re adding more value in 2023. For example, if your card had a fee of 3, and you made a purchase for 100, this would cost you 3 in fees. Usually this is between 2 and 3 of the amount spent. ![]() Getting rid of the foreign transaction fee with this no-annual-fee credit card is sure to make Fidelity cardholders happy. (charged by your card issuer) Most credit cards in the UK market charge you a fee for every non-sterling transaction. If opt to use your points for another redemption method, it may be valued at less than 2%. Retirement Account (IRA, Roth IRA, etc.)Įvery $2,500 spent equals a $50 deposit into your eligible Fidelity account, according to the card’s terms and conditions.Fidelity®-managed 529 College Savings plan.Here are the different types of Fidelity accounts where you can deposit your credit card rewards: However, in order to get the full 2% cash back value on your points redemption, you must invest the rewards into a qualifying Fidelity investment account. And participants in the Fidelity Rewards+ program may be eligible for bonus boosts that make the points worth even more than that. There are no spending categories or rewards limits, and the rewards you earn never expire. This rewards program is one of the simplest on the market: You get points that are equivalent to 2% cash back on everything you purchase with the card. ![]() If you have a Fidelity investment account, you may want to seriously consider adding this one to your wallet. If you go to the disclosures page for this credit card during the signup process, you’ll find that the new policy is already in place: Fidelity credit card disclosure Existing Cardholdersįidelity released the following statement about foreign transactions completed with an existing credit card: This change will be effective immediately for new card applicants. Here’s what this means for new and existing customers: New Applicants Now, you’re free to roam the globe without paying an extra fee for swiping your credit card. It previously was charging a 1% fee on every purchase made with the card outside the United States. In this article, we’ll go through Fidelity’s announcement and what it means for existing and prospective cardholders.įidelity Removes Foreign Transaction Fee from Credit Cardįidelity officially announced that it removed the foreign transaction fee from its Fidelity Rewards Visa Signature card effective September 1, 2023. ![]() This is great news for one of Team Clark’s favorite credit cards for investing rewards. The Fidelity® Rewards Visa Signature® Credit Card recently announced it will no longer have a foreign transaction fee. In an era that has many consumers worried about losing credit card benefits, Fidelity is rolling out a new one for its customers. ![]()
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