TM Travel World reports that the Fidelity Investment Rewards American Express from Bank of America earns 2 points per dollar spent and 5000 points auto deposits into a Fidelity brokerage account as $50. That amounts to 2% cash back.
There’s also apparently an option to turn off direct deposit of cash into Fidelity and convert points one-to-one into Air Canada Aeroplan, which means you earn 2 Aeroplan points per dollar spent. It’s a no annual fee card to boot. Interesting deal! Haven’t done full due diligence yet but it’s got my attention. Anyone out there with experience on this one?