Side by side
PayPal Debit Card vs Fidelity Investments
PayPal Debit Card
47 positive (85%) · 5 mixed (9%) · 3 negative (5%)
Trust + time weighted: +80%
AI summary — not a quote
The PayPal Debit Card is highly regarded in the credit card community as a 'sleeper' pick for its 5% cashback on a user-selected category. It is particularly valued for its broad definition of 'groceries,' which includes major retailers like Costco, Walmart, and Target—stores often excluded from traditional grocery category rewards. While it requires more manual maintenance than a standard credit card, it offers a high reward rate with no credit check.
Pros
- 5% cashback on a selected category up to $1,000 in monthly spend.
- Unusually broad grocery category that includes Costco, Walmart, Target, and wholesale clubs.
- No credit check required for approval as it is a debit card.
- Instant cashback rewards rather than waiting for a monthly statement.
Cons
- Requires manual category selection every single month via the PayPal app.
- Users must manage account funding or set up auto-reloads to ensure transactions aren't declined.
- Some users report technical issues with the card or specific categories (like utilities) not appearing for everyone.
Top excerpts
PayPal Debit Card - 5% Restaurants ($1,000/month) . . . Big sleeper is the PayPal Debit. I love this community; shout out to the commenter that put me on to this card.
I'd definitely add the PayPal debit card to your quiver. It'll get 5% back on a selected category up to $1000/Mo in purchases. ... No credit hit (since it is a debit card) and instant cashback.
The common recommendation for PayPal Debit is groceries (and it includes Target, Walmart, and wholesale clubs as grocery)
While Amex is nice to have, stuff like PayPal Debit and the Kroger card I have would mostly be able to replace it in terms of grocery spend.
Your shopping is ideal for PayPal Debit (5% at all those stores)
Fidelity Investments
48 positive (83%) · 4 mixed (7%) · 6 negative (10%)
Trust + time weighted: +73%
AI summary — not a quote
Fidelity Investments is highly regarded as a reputable, low-cost financial institution suitable for both beginners and experienced investors. Reddit users frequently recommend it for its zero-fee funds, competitive interest rates on uninvested cash, and efficient ATM fee reimbursement for travelers. While its customer service is generally viewed as helpful, some users find the digital interface outdated and have noted occasional administrative fees for specific account types.
Pros
- Offers zero-fee index funds and no minimums on brokerage accounts
- Competitive interest rates (approx. 3.6%) on uninvested cash sweeps
- ATM fee refunds are typically processed within 1-2 days
- 2% cashback Visa credit card with no foreign transaction fees
Cons
- User interface is frequently described as dated or looking like it is 'from the 90s'
- Reports of specific record-keeping fees (ranging from $28 to $600/year) depending on account type
- Rigid policies regarding custodial accounts and age of majority can cause friction
Top excerpts
I use Fidelity (awesome, by the way, 0 fees)
Open a brokerage account with a reputable firm (Schwab, Fidelity, or Vanguard) and invest in broad market low cost index funds
Fidelity: Debit Card and 2% Cashback Visa Credit with no FTF, but their interface looks like it's from the 90s
For people that happen to be from the US, Fidelity is worth considering too. Same features as Schwab, but they refund the ATM fees within a day or two instead of at the end of the month, and they pay more interest.
I would recommend a large financial institution like Fidelity or Vanguard, they will provide a financial advisor.