Fidelity Visa Credit Card

Pros

• Flat 2% cash back on all purchases with no rewards caps
• No foreign transaction fees (FTF), making it viable for international travel
• TSA PreCheck or Global Entry statement credit
• Automatic redemption into Fidelity investment accounts, allowing rewards to compound
• No annual fee

Cons

• Serviced by Elan Financial Services rather than Fidelity directly, which some users find inferior
• Frequent reports of low initial credit limits (e.g., $500)
• Aggressive fraud flagging on large purchases, especially shortly after account opening
• Lacks extended warranty protection on purchases

Caveats

• While some users mention 2.5% or 3% cash back tiers, these generally require high levels of managed assets ($1M+) or refer to discontinued programs
• The card offers purchase security for 90 days but specifically lacks the extended warranty benefits found on some competitors
• Rental car coverage is noted by some as being secondary

Best for

• Existing Fidelity customers who want a simple, automated way to invest cash back
• Travelers who want a no-annual-fee card with no foreign transaction fees
• Users seeking a single 'daily driver' card for all spending categories

Avoid if

• You need a high credit limit immediately for a large purchase
• You prefer dealing directly with Fidelity's internal customer service rather than a third-party servicer like Elan
• You prioritize purchase benefits like extended warranties over flat cash back